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

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Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Recent Issues of Data Protection Regulation in Korea

    The Personal Information Protection Act ("PIPA") was enacted as a general law of personal information in March 2011 to fulfill the need for presiding rules to govern personal information protection. In fact, there have already been a number of special laws governing personal information protection in various special areas and cases, such as The Act on Promotion of Information and Communications Network Utilization Information Protection ("Network Act") governing information and communications services, and the Use and Protection of Credit Information Act ("Credit Information Act") governing personal credit information. Special laws prevail over the general law, when in conflict with individual articles of the general law.
  • Work Permits for Foreign Shareholders and Managers in Turkey

    Since last 10 years the financial developments and the promising financial and technological progresses notably in energy, tourism and infrastructure sectors have attracted the foreign investors' interest. Since the number of foreign investments has been increasing within these developments, the question, if a company may have foreign shareholders and foreign board members has come to the fore. This was actually the result of the frequent change in laws as part of adaptation progress to E.U legislation. 
  • Concerns regarding UCA as a result of coalition agreement Michel I


    The intellectual property rights (IP) are conceptually is linked to both intellectual and industrial rights in Turkish legislation. Intellectual property rights are almost related to the intellectual and artistic works, linked rights (neighboring rights), computer programs and databases and protected with royalty, while industrial rights contain patents, utility models, trademarks, industrial designs, topographies of integrated circuits (chips), geographical indications, plant varieties, other names and signs, trade secrets (know-how, undisclosed information) and they are protected with industrial and exclusive rights.
  • An Overview of FIDIC Rules

    FIDIC, (Federation Internationale Des Ingenieurs Conseils), International Federation of Consulting Engineers aims to find a resolution in construction sector. There are five different FIDIC contracts in different colors that regulates different and separate obligations and rights. Today FIDIC is applied to 30 % of international construction project contracts. In Turkey, FIDIC mostly was preferred in high volume construction projects such as Marmaray Bosphorus Project, Baku Ceyhan Pipeline Construction Project, Ankara- Istanbul Highway Construction. 
  • Delivery of Leviathan Gas through Turkey

    Israel's offshore Tamar and Leviathan gas fields in Eastern Mediterranean Sea have a significant discovery in order to meet Europe's rising gas and energy need.
  • Present and Future of Renewable Energy Resources Support Mechanism in Turkey: “YEKDEM”

    Turkish Energy Market Regulatory Authority ("EMRA") has announced on 1st October 2014 that the electricity manufacturing license holders producing electricity from renewable resources are required to submit their applications for Renewable Energy Resources Support Mechanism ("YEKDEM") for the year 2015 until 31th October 2014, in order to benefit from the facilities regulated by the related legislation.
  • Re-employment of Employees & Constructive Dismissal Claims

    This update reports recent developments on employment law and practice in Singapore.
  • Comprehensive Measures to Protect Personal Data in the Financial Sector

    The following is a summary of the press releases made by the Financial Services Commission on 10 March 2014. These are action items and policies that the FSC and relevant ministries are seeking to implement. The following measures have developed from a series of measures previously announced since the data leakage from the three credit card companies were revealed last January.
  • Essilor’s Proposed Combination with an Optical Lens Maker in Korea is Blocked

    In its press release on March 17, 2014, the Korea Fair Trade Commission (the "KFTC") blocked the proposed acquisition of 50% shares by Essilor Amera Investment Pte. Ltd. (a subsidiary of Essilor International S.A., the largest optical lens maker in the world) in Daemyung Optical Co., Ltd. (the second largest optical lens maker in Korea) citing inter alia the likely lessening effect on price competition and the probable future abuses of the enhanced market power. On top of the expressed competitive concerns, the KFTC observed that allowing foreign firms to acquire local firms and turn them into their local sub-contractors worsens the competitive market structure of the domestic optical lens industry.

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