Pedro O. Gamundi Partner

Pedro Gamundi focuses on international commercial and financial transactions. He assists multinational clients in the structuring and placement of foreign direct investments in different sectors of the Dominican Republic’s economy and advises them while negotiating, executing and securing international financial transactions including institutional private lending, asset-based lending, project financing, bond issuances and securitizations. Pedro also advises on taxation, monetary, banking, corporate, aviation, telecommunications, energy, mining and environmental matters and assists corporate clients in cross-border reorganization and insolvency matters, and while addressing complex labor situations.

Having taught economic law and foreign investment law for a number of years at Pontificia Universidad Catolica Madre y Maestra (PUCMM) in Santo Domingo, Pedro acts as coordinator of the master program in business law and international litigation jointly offered by PUCMM and Universidad Rey Juan Carlos in Madrid, Spain. From 1991 to 1992 he worked as a consultant to the Harvard Institute for International Development and the United Nations Development Program in the tax reform project of the Dominican Republic.

Pedro is co-author of “Dominican Republic Eases Rules for Foreigners” for The National Law Journal and “Tax and Investment in the Dominican Republic” in the Bulletin for International Fiscal Documentation. He is also a co-author of “Legal Regime of Bankruptcy in the Dominican Republic,” a paper presented at a meeting of the American Bankruptcy Institute.

Pedro was counsel to a deal selected by Latin Lawyer magazine as a Deal of the Year 2006, representing one of the top three deals in its category for the year. He is also listed in Chambers Global: The World’s Leading Lawyers 2012, Chambers Latin America, IFLR1000 2009 and noted in LatinLawyer 250 2012 for his work in the Dominican Republic and region-wide.

Since 2000 Pedro has served as a member of the Board of Directors of Fundación Dominicana de Desarrollo. He is also a member of Fundación Institucionalidad y Justicia, Colegio de Abogados de la República Dominicana and represents the firm at the British Chamber of Commerce of the Dominican Republic.

Významné transakce

• Acting as Dominican restructuring counsel to the second largest telecom carrier in the Dominican Republic and the only Dominican company ever listed on the New York Stock Exchange in an extremely complex restructuring involving more than US$650 million in debt and presenting multiple cross-border legal issues.
• Providing general advice to two US-based investment banking and securities companies with respect to a US$100 million mortgage-secured term loan extended to a luxury resort development in the Dominican Republic.
• Representing a US-based investment bank in connection with the successful issuance of US$250 million in senior secured notes by a tourist project in the Southeast Dominican Republic, primarily to finance the development of its 300-acre luxury tourist complex.
• Representing a Spain-based real estate group in connection with the acquisition and development of two properties in Macao, Punta Cana, and the development and construction of a luxury vacation golf project including apartments and villas.
• Representing a Mexico-based hospitality company in the process of building a luxury hotel in Macao, Punta Cana, with a total investment estimated at more than US$250 million, which upon completion will be the largest Mexico-owned investment in the tourism and hospitality sectors within the Dominican Republic.
• Representing several financial institutions that provide aircraft financing to clients located in the Dominican Republic including assistance and advice in the process of preparing and revising loan documents, securing credit through aircraft mortgages and promissory notes, and issuing legal opinions on the validity and enforceability of the transaction documents.
• Acting as general Dominican counsel for a major US airline starting operations to and from the Dominican Republic in the establishment of a branch in the country, obtaining necessary permits and certificates of exploitation from the general directorate of civil aeronautics, and rendering general advice on regulatory, corporate, tax, contractual, litigation and labor matters.
• Acting as lead special counsel to the Central Bank and the government of the Dominican Republic in the international public bidding process calling for the exploitation of the sulfides gold deposits of the gold mine Pueblo Viejo, and thereafter in the drafting, negotiation and execution of a Special Lease Agreement of Mining Rights with the winner of the bid.
• Serving as lead special counsel to the Central Bank of the Dominican Republic in conducting a comprehensive due diligence and rendering the corresponding report on certain assets of the second largest commercial bank of the country, and the credits and other facilities extended to related parties.
• Advising a Chile-based banking group in obtaining the license to operate as a development bank in the Dominican Republic, which became the first bank made of 100 percent non-Dominican capital authorized to operate in the country since 1978.