The Firm has participated in almost every major privatization project and public-private partnership carried out in Puerto Rico. Prior to the enactment of the Public-Private Partnerships Act in 2009, the Firm acted as counsel to government and private entities in connection with structuring, creating the necessary legal framework and implementing the privatization transaction. The Firm was the lead counsel to the Government of Puerto Rico in connection with the sale of the Puerto Rico Telephone Company and the development of the Port of the Americas, a transshipment port facility. The Firm also acted as counsel to the private entity that developed and operates the Teodoro Moscoso Bridge, the only privatized highway facility in Puerto Rico, and as counsel to the private entity that developed and operated the first privatized corrections facility in Puerto Rico.
In 2009, the Firm assisted the Government of Puerto Rico in the drafting of legislation to create the existing framework for public-private partnership transactions in Puerto Rico. The Firm also assisted in the creation and implementation of the public-private partnerships program and continues to act as lead counsel to the Puerto Rico Public-Private Partnerships Authority. As counsel to the Authority, the Firm has participated in the procurement, negotiation and implementation of groundbreaking public-private partnership transactions, such as the concession of the PR-22 and PR-5 toll roads in 2011 and the lease of the Luis Muñoz Marín International Airport under the Federal Aviation Administration’s Airport Privatization Pilot Program, which is the only airport transaction that has successfully closed under this program.