Corporate/Commercial
Latin America Guide 2025 : Puerto Rico
Band 3
Contact number
(787)756-5333About
Provided by Cancio Covas & Santiago LLP
Organized in 2002 as a corporate and financial services boutique, CC&S offers advice in the structuring and negotiation of debt financing for acquisitions, buy-outs and related transactions, including the development of structures tailored to Puerto Rico’s unique tax and legal environment. It is recognized for providing innovative counsel in corporate finance to clients involved in complex financial, institutional, and commercial transactions, including the offering of debt and equity securities. Its founding partners, Juan Ramón Cancio, Jorge Covas and Carlos Santiago, constitute one of the leading local corporate and financial practice groups, representing companies and other business entities in all stages of their development and growth, as well as commercial banks, investment banks, venture funds, and other financial institutions that finance them.
For over 30 years members of the firm have acted as issuer, bond and underwriters counsel in myriad transactions, as well as letter of credit bank counsel, among other roles. Most recently CC&S acted as local counsel for the GDB Debt Recovery Authority in the issuance of the $2.6 billion of GDB Debt Recovery Authority Bonds (Taxable).
CC&S has also been bench-marked as specialized counsel in the acquisition and sale of hospitals and other healthcare facilities and companies.
Chambers Review
Cancio Covas & Santiago has an active corporate practice and represents a range of clients hailing from the healthcare, financial services, and real estate arenas. The team is frequently retained by clients to assist with M&A transactions, joint venture agreements, and government procurement mandates. The department's expertise extends to debt restructurings and workouts, asset-based financing, and the purchase and sale of distressed credits.
Work Highlights
- Cancio Covas & Santiago acted as counsel to Auxilio Mutuo Group in connection with the issuance of up to USD35 million in Puerto Rico's new Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing Authority (AFICA) hospital revenue bonds.
Strengths
Provided by Chambers
"Cancio Covas & Santiagoare very active and standout in financing matters."
"Cancio Covas & Santiagoare very active and standout in financing matters."
Notable Practitioners
Significant partner Carlos Santiago offers notable expertise in advising clients on M&A transactions, joint venture agreements, and debt restructuring mandates in Puerto Rico.
"Carlos Santiago handles sophisticated merger matters."
Ranked Lawyers at
Cancio Covas & Santiago LLP
Puerto Rico
Members
Provided by Cancio Covas & Santiago LLP
Aníbal Mendín
Cristina García-Hall
Jorge Covas
Juan Ramón Cancio
Head of Department
Rodney Colón