The Legal 500




Legal market overview

Peru remains one of the more buoyant economies in Latin America, despite the country’s GDP growth settling at around 5%, down from the heady 6-9% experienced in previous years but still sufficient to outstrip its neighbours. The current rate is still double the Latin American average. A stable government and an increasingly reliable administration makes Peru an attractive destination for international companies and foreign investment, particularly in the extractive sectors, which account for more than 60% of Peru’s total exports. Efforts to strengthen the knowledge-based sectors and sound economic fundamentals have made the world’s third largest copper and zinc producer more resilient to external shocks. However, ongoing disputes with local communities have had a negative impact on the continuation of a number of mining projects. Poor infrastructure also remains a consistent problem, although the government plans to combat this deficit with $20.5bn of investment by 2016. This year’s planned integration of the Mexican Stock Exchange into MILA (the integrated Latin American Stock Market), will make it Latin America’s largest bourse by capitalisation ($1tr) and should further encourage a positive investment environment in member nations Chile, Colombia, Mexico and Peru.

The legal market has become accustomed to Baker & Mckenzie’s presence in the market (local powerhouse Estudio Echecopar was, after all, already well-established as a leading firm). To date, besides Garrigues as yet small scale arrival in Lima, the legal market has not experienced a wave of arrivals such as both Colombia and Mexico have endured in recent years. As such the market remains dominated by a number of sizeable, full-service firms, first and foremost, Miranda & Amado Abogados and Rodrigo, Elías & Medrano, Abogados, very closely followed by Estudio Echecopar, a member firm of Baker & McKenzie International, Muñiz, Ramírez, Pérez-Taiman & Olaya Abogados and Rubio Leguía Normand. Also of note are punchy and dynamic mid-sized firms such as Estudio Ferrero Abogados, Hernández & Cía. Abogados, Payet, Rey, Cauvi, Pérez & Mur and Rebaza, Alcázar & De Las Casas Abogados Financieros; as is Lazo, De Romaña & Gagliuffi Abogados, which is gradually gaining increasing market presence. Which is not to say that boutiques no longer have a place: Bullard Falla Ezcurra Abogados remains go-to on competition matters; Laub & Quijandría is impressive on energy matters in general and Santiváñez Abogados on electricity in particular; also noteworthy is Delapuente in the environmental sector, Estudio González & Asociados for labour matters, Barreda Moller for IP and Estudio De la Flor, García Montufar Arata & Asociados for real estate.

Press releases

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to

Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Anti-Money Laundering Update - Cyprus

    First uploaded on the International Bar Association's Anti-Money Laundering website.
  • Austria: Extension of the threshold regulation until the year 2016

    The "threshold regulation" adjusting (raising) the sub-thresholds of the Austrian Procurement Act ("BVergG") will be extended once again, namely for two more years. This plan was disclosed in the press briefing issued in conjunction with the retreat held by the members of Austria's federal government on September 27th and 28th this year. Thus, contracting authorities will continue to be able to benefit from substantial procedural simplifications when awarding contracts below the threshold in 2015 and 2016 as well. read more...
  • Serbia: Insolvency Act Amendments adopted

    As of 13 August 2014, the amendments and supplements to the Insolvency Act [Zakon o stečaju] are in force, published in the Official Gazette of RS no. 83/2014 ("New IA"). The New IA shall not be implemented retroactively, and those insolvency proceedings that were ongoing on the day the New IA entered into force will be continued under the previously valid rules. read more...
  • Hungary: New advertising tax feels like a bucket

    Hungary's new advertising tax, which has been introduced effective as of 15 August 2014, affects not only media companies, online and offline content providers and advertising agencies (media companies), but may also affect regular manufacturing and trading companies active in various industry segments (commercial companies). read more...
  • Voluntary ex ante transparency notice does not provide a clean bill of health...

    The ECJ has ruled that the so-called "voluntary  ex ante  transparency notice" under certain circumstances does not preclude review authorities from declaring a contract ineffective if it was awarded without prior publication of a contract notice. Moreover, the ECJ ruled that review authorities must declare a contract ineffective if the contracting authority could not legitimately hold that that the conditions for directly awarding the contract were in fact satisfied (ECJ 11.09.2014, Case C-19/13 Fastweb SpA ). read more...
  • Austria / EU: Latest EU Sanctions against Russia

    After introducing the "sectoral sanctions" against Russia on 1 August 2014 (see our  Legal Insight of 1 August 2014 ), the sanctions regime has been tightened further on September 12 as set out in EC Regulation No 960/2014. read more...
  • Austria: Judgment sheds light on joint ventures under the country’s merger control*

    Austrian merger control continues to capture non-full-function joint ventures. Joint ventures covered by merger control are sheltered against parallel assessment under the Austrian rules against anticompetitive agreements (no dual control). read more...
  • Czech Republic: Mergers, or thick red lines?

    In its decision no. 29 Cdo 3068/2013 dated 19 June 2014, the Supreme Court of the Czech Republic ("SCCR") once again ruled on the issue of the irreversibility of the legal effects of registration of transformation in the Czech Commercial Register. read more...
  • Hosting service providers at gunpoint of the financial "sharks"

    Can you fully control the Internet?
  • Financial Services & Regulatory Autumn Update 2014

    In this Update, we look at some valuable lessons learned for all financial services businesses from recent JFSC examinations and investigations, as well as amendments to the Companies (Jersey) Law.    Read more...

Press Releases worldwide

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to