Nicolás Herrera Alonso



(T) +598 2916 1460 ext. 123
(F) +598 2916 3931

Nicolás Herrera is Partner of the firm. His practice is focused on Corporate Law, Banking Law, Mergers and Acquisitions, Capital Markets, Project Financing and Natural Resources.

He is an Attorney at Law. He graduated from the School of Law and Social Science of the University of the Republic of Uruguay. In 1999 he earned a Master’s degree in Corporate Law, and a Banking Law Diploma in 2000, from the University of Montevideo, where he was also Candidate to Professor of Human Rights between 2000 and 2001, and of Commercial Law between 2000 and 2003.

He has vast experience in providing consultancy services to local and multi-national companies in relation to highly complex financial, banking and corporate operations. He assists local and international financial entities on structured financing, project financing and transactions with derivatives, as well as on mergers and acquisitions, capital markets, and general corporate and trading matters.

Some of the most outstanding transactions he led during  recent years  (2013-14-15) include the legal advice to international banks (Santander, Intesa Sao Paolo y BBVA) for the largest financing seen financial close to date in the solar energy market; the equity trust legal & financial structuring for the construction of the “Torres Nuevo Centro” building complex.  Moreover, he was also in charge of the legal team regarding the acquisition of Créditos de la Casa by Santander Bank, (Spain) and the local legal restructuring for the first-ever PPP investment in Uruguay.

In 2012 he played a key role as expert consultant for several financial institutions involved in the financing of approximately US$ 300 million for the construction of five wind farms.  In 2011, he represented the Santander Bank (Spain) during the acquisition of Creditel, one of the leading consumer financial companies in Uruguay.  In 2010, he assisted the selling party in the transaction relative to the sale of 50% of the stock shares of Retop (Créditos de la Casa). From 2007 to 2009 he was advisor of the PPG Wrightson Group regarding the acquisition of Agar Cross Uruguaya, Agrosan, Romualdo Rodríguez and Veterinaria Las Places. In 2007 also assisted on the sale of Pronto to the Advent Group. In 2008/2009, he played a key role in the legal advice during the merger of ABN AMRO Bank and Santander Bank, which successfully created the biggest private bank in Uruguay.

He has been consultant and member of the board of directors at different credit union companies and saving groups. He is currently a member of the National Credit Companies’ Association (“Asociación de Empresas Administradoras de Crédito”). He forms part of the board of directors and Audit Committee of Creditel and Créditos de la Casa. Furthermore, member of the board of directors of Uruwood, a subsidiary of forestry company UPM Uruguay. Education

  • University of Montevideo – Diploma in Banking Law , 2000
  • University of Montevideo – Master in Corporate Law, 1999
  • University of the Republic, School of Law and Social Science – Attorney at Law , 1997


  • Board of Directors of Creditel (Santander Group)
  • Board of Directors of Crédito de la Casa (Santander Group)
  • Board of Directors of Uruwood
  • Uruguayan Bar Association

Practice areas

  • Corporate Law
  • Banking Law
  • Mergers and Acquisitions
  • Capital Markets
  • Project Financing
  • Natural Resources


  • 2015 – Led the legal team related to the legal and local financing of the first-ever PPP investment in Uruguay
  • 2015 – In charge of the acquisition of the “Créditos de la Casa” (financial entity) by Banco Santander, Spain
  • 2014 – Legal structuring for equity investors in the first two photovoltaic energy projects in Uruguay
  • 2013 – Equity trust legal & financial structuring for “Torres Nuevo Centro” building complex
  • 2012 – Legal structuring for the financing of five wind farms for an amount of US$ 300 million
  • 2011 – Acquisition by the Santander Bank, Spain of the whole block of shares of Creditel
  • 2010 – Sale of  block of shares of Créditos de la Casa
  • 2009 – Issuance of UTE’s negotiable securities
  • 2008 – Acquisition by the Santander Bank of ABN AMRO Bank
  • 2007 – Acquisition of Pronto by the Advent Group


  • “La Intervención Judicial Autosatisfactiva en el Derecho Comercial Uruguayo” (Self-satisfactory judicial intervention in Uruguayan Commercial Law), 2004
  • Co-author of this publication, presented in 2004 in Buenos Aires, at the Ibero-American Conference on Corporate and Partnership Law

Other Languages

  • English


Chambers GLOBAL 2016 Nicolás Herrera
Chambers Latinamérica Nicolás Herrera
Chambers Latinamérica Nicolás Herrera

Chambers Global, 2016 – Banking & Finance – “Nicolás Herrera Alonso has noted market visibility and clients praise his ability to listen to their concerns. They also highlight his knowledge of banking and ability to reach agreements in negotiations”.
Chambers Global, 2016 – Corporate, M&A – Herrera Alonso is praised by clients for his creativity and imagination. They add: “He has a commercial vision and his mind is constantly adapting to the changes that are taking place in Latin America.”
Chambers Latin America – Recognized as key individual – (..) “a very intelligent and prudent person, with an excellent knowledge of the Uruguayan market”.