Peru ISDA lawyer
Cross-border derivatives transactions demand counsel who understands both the ISDA documentation framework and the legal environment of each jurisdiction involved. Law Offices of SRIS, P.C. is a US law firm with an international clientele, and our practice includes representing financial institutions, funds, and corporate end-users in ISDA Master Agreement negotiations where a Peruvian counterparty, collateral, or governing-law question is present. Mr. Sris, the firm’s founder and managing attorney, handles the US-law side of these matters—including New York-law-governed ISDA schedules, credit support annexes, and US regulatory compliance—while the firm collaborates with Martín Mayandía, Of Counsel, for Peru-law analysis. For a consultation on a Peru-related ISDA matter, reach Law Offices of SRIS, P.C. at (888) 437-7747.
What This Cross-Border Practice Area Covers
An ISDA Master Agreement is the industry-standard contract for over-the-counter derivatives. Published by the International Swaps and Derivatives Association, the agreement and its accompanying schedules, credit support documents, and definitions govern the rights and obligations of the parties to swaps, forwards, options, and other derivative transactions. When a transaction involves a Peruvian entity—whether as a counterparty, a guarantor, or a provider of collateral—the documentation must address not only the ISDA architecture but also the enforceability of close-out netting, collateral arrangements, and jurisdictional provisions under Peruvian law.
The US-law dimension typically centers on the choice of New York or English law to govern the ISDA Master Agreement, the negotiation of the Schedule, and compliance with US derivatives regulations such as the Dodd-Frank Act. The Peru-law dimension requires analysis of the Peruvian Civil Code, the General Law of the Financial System, and the insolvency framework to confirm that netting and collateral enforcement will be respected in a Peruvian insolvency or enforcement proceeding. Law Offices of SRIS, P.C. provides the US-law representation, and through our Of Counsel relationship with Martín Mayandía—a Peruvian-admitted attorney—we coordinate the Peru-law review so that the transaction documentation is coherent across both legal systems.
How Mr. Sris and His Of Counsel Network Handle These Matters
Mr. Sris, admitted in Virginia, Maryland, the District of Columbia, New Jersey, and New York, leads the US-law workstream. He negotiates ISDA Schedules, reviews credit support documentation, and advises on US regulatory requirements, including swap dealer registration, margin rules, and reporting obligations under the Commodity Exchange Act. His experience as a former prosecutor and his more than two decades of private practice give him a practical, risk-focused approach to derivatives documentation.
For the Peru-law component, the firm engages Martín Mayandía, Of Counsel. Mr. Mayandía is admitted to practice law in Peru. He is not admitted to practice law in the United States. His role is limited to Peru-law matters in collaboration with the US-admitted attorneys of the firm. He reviews the Peruvian enforceability of close-out netting, the validity of collateral arrangements under Peruvian security law, and any local regulatory approvals that may be required. The two sides work together so that the ISDA documentation is consistent and enforceable in both the United States and Peru.
About Mr. Sris and the firm’s Of Counsel Network
Mr. Sris founded Law Offices of SRIS, P.C. in 1997. He is admitted to practice in Virginia, Maryland, the District of Columbia, New Jersey, and New York. His background includes service as a prosecutor, and he has testified before the Virginia House Courts of Justice Committee on legislation affecting family law. Over more than two decades, he has built a practice that serves clients in complex cross-border matters, including banking and finance transactions with international dimensions.
The firm’s Of Counsel network includes attorneys admitted in foreign jurisdictions who collaborate on matters requiring local-law expertise. For Peru-related derivatives work, the firm works with Martín Mayandía, Of Counsel. Mr. Mayandía is admitted to practice law in Peru. He is not admitted to practice law in the United States. His practice with the firm is limited to Peru-law matters and to serving as a liaison for international clients with the US-admitted attorneys of the firm. Together, Mr. Sris and his Of Counsel bring extensive combined legal experience to cross-border ISDA engagements.
Frequently Asked Questions
What is an ISDA Master Agreement?
The ISDA Master Agreement is a standardized contract published by the International Swaps and Derivatives Association that governs over-the-counter derivatives transactions between two parties. It sets out the general terms—such as events of default, termination events, and netting provisions—while the accompanying Schedule allows the parties to customize specific provisions. Most cross-border transactions use either the 1992 or 2002 version, with New York or English law as the governing law. A lawyer experienced in ISDA documentation can help negotiate the Schedule and ensure that the agreement works with the legal framework of each relevant jurisdiction.
Do I need a Peru-admitted lawyer for an ISDA with a Peruvian counterparty?
Yes, a Peru-admitted lawyer is essential to confirm that the ISDA close-out netting and collateral provisions will be enforceable under Peruvian law. While the ISDA Master Agreement itself is typically governed by New York or English law, a Peruvian court or insolvency administrator will apply Peruvian law to determine whether netting and security interests are effective in a local proceeding. Law Offices of SRIS, P.C. handles the US-law aspects, and we collaborate with Martín Mayandía, a Peruvian-admitted Of Counsel, to provide the Peru-law analysis. This dual-counsel approach helps ensure that the documentation is robust in both jurisdictions.
How does Law Offices of SRIS, P.C. handle cross-border ISDA matters?
The firm divides the workstream: Mr. Sris and the US-admitted attorneys handle all US-law aspects, while the Peru-admitted Of Counsel handles Peru-law review. Mr. Sris negotiates the ISDA Schedule, credit support annex, and any US regulatory filings. Martín Mayandía, Of Counsel, reviews the Peruvian enforceability of netting, the validity of collateral under Peruvian security law, and any local regulatory requirements. The two sides coordinate so that the final documentation is consistent and enforceable in both the United States and Peru. For a consultation, contact the firm at (888) 437-7747.
What should I bring to a consultation about a Peru-related derivatives transaction?
Bring the draft ISDA Master Agreement, any existing Schedule or credit support annex, and information about the Peruvian counterparty’s corporate structure and regulatory status. If the transaction involves Peruvian collateral, details about the collateral type and location are helpful. The firm will also need to understand the governing law of the ISDA (typically New York or English law) and whether any Peruvian regulatory approvals—such as those from the Superintendencia de Banca, Seguros y AFP—may be required. Having these materials ready allows Mr. Sris and the Of Counsel network to provide a focused initial assessment.
Can the firm advise on Peruvian netting and collateral enforceability?
Yes, through our Of Counsel relationship with Martín Mayandía, the firm can coordinate a Peru-law analysis of close-out netting and collateral enforceability. Mr. Mayandía is admitted to practice law in Peru and is not admitted in any US state bar. He reviews the Peruvian legal framework—including the Civil Code, the General Law of the Financial System, and insolvency legislation—to assess whether netting and security interests would be respected in a Peruvian insolvency or enforcement scenario. The US-admitted attorneys at Law Offices of SRIS, P.C. then integrate that analysis into the overall ISDA documentation strategy.