The Legal 500

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AV. LA FLORESTA 497, PISO 5. SAN BORJA, LIMA 41, PERU
Tel:
Work +51 1 618 8500
Fax:
Fax +51 1 372 7374
Web:
www.echecopar.com.pe

Peru

Banking and finance
Banking and finance - ranked: tier 1

Echecopar member firm of Baker McKenzie International, Estudio

Estudio Echecopar member firm of Baker McKenzie International cements its top-tier ranking with proven expertise in sophisticated transactions, high-end domestic and international clients and an experienced team that can ‘clearly communicate what you need and why, without making things unnecessarily complicated or expensive’. In particular, clients note the ‘boutique feel’ provided by the ‘responsive’ and ‘personable’ attorneys against the backdrop of its global network, offering clients the best of both worlds. It is well-worth the ‘higher cost in relation to the market’. The ‘knowledgeable’ Alonso Miranda led advice to state-owned Fondo MIVIVIENDA in its PEN$2bn global depository notes (GDN) offering to finance low-to-medium priced housing across Peru, the country’s first-ever corporate GDN offering. He also led the team representing Citigroup Global Markets, Scotia Capital and SMBC Nikko Securities America, as bookrunners, in the $340m bond issue by Fenix Power Peru, the company’s first international debt offering. Praised for his networking ability, Rafael Picasso heads the practice and steers seven other specialist finance partners. Among them is Marco Alarcón, ‘friendly’ Oscar Trelles, who provides ‘very good, clear communication’, Juan Carlos de los Heros and capital markets specialist Pablo Berckholtz. Berckholtz led advice to Interbank Peru on two major bond offerings, a $284.2m exchange offer and $200m international private offering. The firm’s other deals include advising MetLife on its $40m loan to Ecosac Agricola and Promotora y Servicios Lambayeque on the development of agricultural projects in northern Peru. An impressive and extensive client list comprises global bulge-bracket banks, financial institutions and corporations such as MetLife, Scotia Capital (USA), Inter-American Development Bank (IDB), Credicorp Capital and the International Swaps and Derivatives Association. Among a strong team of supporting associate lawyers is ‘assertive’ Luis Ernesto Marín, whose ‘understanding of US and South American legal practices has been invaluable’.

Leading lawyers

Juan Carlos de los Heros - Estudio Echecopar member firm of Baker McKenzie International

Marco Alarcón - Estudio Echecopar member firm of Baker McKenzie International

Next generation lawyers

Luis Ernesto Marín - Estudio Echecopar member firm of Baker McKenzie International

Renzo Luna - Estudio Echecopar member firm of Baker McKenzie International

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Competition and antitrust
Competition and antitrust - ranked: tier 2

Echecopar member firm of Baker McKenzie International, Estudio

Estudio Echecopar member firm of Baker McKenzie International provides a ‘very high level of service in terms of business acumen, industry knowledge and appropriateness of advice’. It acts for some significant clients in matters ranging from alleged cartels, to price-fixing and unfair competition, for example. The firm is defending construction company Menorca Inversiones in an investigation into alleged misleading advertising in the real estate sector, a matter led by practice head Teresa Tovar, assisted by competition specialist associate Viviana Chávez.

Next generation lawyers

Viviana Chávez - Estudio Echecopar member firm of Baker McKenzie International

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Corporate and M&A
Corporate and M&A - ranked: tier 2

Estudio Echecopar member firm of Baker McKenzie International

Estudio Echecopar member firm of Baker McKenzie International is an ‘excellent option’ and clients ‘love working with the firm’ because ‘we can rely on their high standards and consistency in quality, as well as their transactional experience’. The firm’s offering of domestic knowhow and global resources is ideal for significant, cross-border matters. Consequently, it acted for German multinational Henkel on the Peruvian aspects of its $1.05bn acquisition of Darex Packaging from GCP Applied Technologies. The advice was led by co-team head and leading corporate lawyer Jorge Ossio. Fellow co-head Liliana Espinosa earns great praise for her ‘experience and negotiation ability’; she advised Kandeo Fund II (Perú) Financial Services and Kandeo Spain Latam on a $50m investment agreement with San Ignacio de Loyola for the development of the latter’s education-sector business plans in Peru, Paraguay and the US. The team also benefits from the skills of corporate and finance partners Rafael Picasso and ‘great, knowledgeable’ Oscar Trelles, together with Inés Baca and telecoms regulatory specialist Teresa Tovar. Within the sizeable associate pool, Paolo Robilliard is ‘very attentive and diligent’. Goldman Sachs, SBA Communications Corporation and Mitsui & Co (USA) Inc are clients.

Leading lawyers

Jorge Ossio - Estudio Echecopar member firm of Baker McKenzie International

Liliana Espinosa - Estudio Echecopar member firm of Baker McKenzie International

Next generation lawyers

Paolo Robilliard - Estudio Echecopar member firm of Baker McKenzie International

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Dispute resolution
Dispute resolution - ranked: tier 1

Echecopar member firm of Baker McKenzie International, Estudio

Among the largest teams in the market, Estudio Echecopar member firm of Baker McKenzie International is ‘one of the best in Peru’ and provides an ‘excellent service’. It is the firm of choice for the state government in several high-profile proceedings: for example, it is acting for the Republic of Peru alongside White & Case LLP in an $160m ICSID arbitration brought by DP World Callao, P&O Dover and the Peninsular and Oriental Steam Navigation Company concerning unfair competition at key ports in Peru; advice is led by María del Carmen Tovar, who is praised for her professionalism. Head of practice Ana María Arrarte is leading advice to América Móvil Perú in $494m judicial proceedings brought by the Peruvian Ministry of Transport and Communications concerning the methods used to charge mobile phone companies radio electric spectrum fees. Other key partners include Javier Tovar, Yvo Cuba and Javier de Belaunde, while senior associate Hugo Alonzo ‘seems to have a brilliant future’ and fellow senior associate Sheilah Vargas Soto is very experienced. Clients include the Republic of Ecuador, Interbank, Consorcio Constructor M2 Lima, Petroleos del Peru and Línea Amarilla.

Leading lawyers

Javier de Belaunde - Estudio Echecopar member firm of Baker McKenzie International

Next generation lawyers

Sheilah Vargas Soto - Estudio Echecopar member firm of Baker McKenzie International

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Environment
Environment - ranked: tier 2

Estudio Echecopar member firm of Baker McKenzie International

A ‘young and very dedicated’ team at Estudio Echecopar member firm of Baker McKenzie International is praised for its industry knowledge, depth and speed of response and tailored advice. The broad practice has branched out beyond natural resources to other industries such as telecoms and agriculture, for example. It provided environmental impact and compliance advice to Azteca Comunicaciones regarding its $325m Red Dorsal Nacional de Fibra Optica project, the first nationwide fibre optic installation in Peru which stretches 13,000km. Key members of the cross-disciplinary team include environmental specialist Ina María Drago; and associates Alexandra Carranza, praised for her client attention; and Natalia Zúñiga, who is noted for her knowledge of solid waste regulations.

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Insurance
Insurance - ranked: tier 3

Echecopar member firm of Baker McKenzie International, Estudio

Estudio Echecopar member firm of Baker McKenzie International acts for Zurich, HDI Seguros and Willis Corredores de Seguros, and advised Chubb Perú Compañía de Seguros y Reaseguros on a $200m letter of guarantee in favour of the Ministry of Energy and Mines to secure the Gasoducto Sur Peruano. It has ‘the man power to handle bigger deals’ and a track record of establishing new insurance companies in Peru. Head of banking and finance Rafael Picasso leads the practice.

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Intellectual property
Intellectual property - ranked: tier 1

Echecopar member firm of Baker McKenzie International, Estudio

IP is a sweet spot at ‘excellentEstudio Echecopar member firm of Baker McKenzie International, where Luis Alonso García has built a market-leading practice appreciated for its swift response, ‘great professional capability’ and ‘very good knowledge of the industry’. Although it provides a fully comprehensive service, the firm shines in IP litigation and recently defended a trade mark in the courts on behalf of a major international healthcare company. Swarovksi, SAP and Banco Santander are clients of a practice that includes Manlio Bassino and Álvaro Gutiérrez.

Leading lawyers

Luis Alonso García - Estudio Echecopar member firm of Baker McKenzie International

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Labour and employment
Labour and employment - ranked: tier 3

Echecopar member firm of Baker McKenzie International, Estudio

Estudio Echecopar member firm of Baker McKenzie International’s multidisciplinary team comprises experienced labour partner Monica Pizzaro, who is ‘knowledgeable, responsive and a pleasure to work with’, and seven capable associates, including seniors Luis Miguel Almendariz and Elizabeth Zamudio. It is well-versed in establishing new businesses in Peru, such as SBA Communications which it advised on its launch in 2017, and conversely, also acted for Orange Business Services on the termination of its entire workforce and business closure. Other clients of the practice include Honeywell International, Advent International, Compania Minera Zafranal and Inversiones Centenario.

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Projects and infrastructure
Projects and infrastructure - ranked: tier 1

Estudio Echecopar member firm of Baker McKenzie International

Very competentEstudio Echecopar member firm of Baker McKenzie International brings together leaders from across the firm for its multidisciplinary energy, mining and infrastructure (EMI) industry group, one of six global industry groups within the international firm’s network. The firm excels in all aspects of major project work, from procurement and financing through to development and operation. It is advising Ergon Perú on the installation of solar panels in parts of Peru unconnected to the electricity grid, including financing from two major international banks and investment agreements with the government, the first such project in the country and valued at $430m. It is also advising the sponsor and borrower in the Red Vial No. 4 toll road project and the concessionaire in the $5.3bn Lima Metro Line 2. Lead lawyers include: overall head of practice and finance expert Juan Carlos de los Heros; ‘great’ Oscar Trelles; ‘experienced professional’ María del Carmen Tovar; and Javier Tovar, among others.

Leading lawyers

Juan Carlos de los Heros - Estudio Echecopar member firm of Baker McKenzie International

Next generation lawyers

Zita Aguilera - Estudio Echecopar member firm of Baker McKenzie International

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Public law and regulation
Public law and regulation - ranked: tier 1

Estudio Echecopar member firm of Baker McKenzie International

Estudio Echecopar member firm of Baker McKenzie International boasts one of the most established and comprehensive practices in the market; consequently, it is the firm of choice for both major companies and public entities on big-ticket or complex issues. Its service level is ‘one of the highest in country’ due to its ‘clear and precise answers’ and the ‘professionalism and experience’ of the team. Jorge Danós, an ‘expert in administrative law’ who is ‘very good in cross examination’ and has a ‘wide knowledge of public law’, leads the team. Key advisers also include Juan Carlos Morón, who is focused on regulated markets, government contracts and public procurement, Samuel Abad and Zita Aguilera. The team continues to advise the concessionaire of the $5.3bn Lima Metro Line 2, including regulatory issues and an addendum to the concession agreement, and is instructed by Peru’s financial regulator, Superintendencia de Banca y Seguros (SBS) to perform a review of regulatory sanctions. On the contentious side, the firm is acting for state company, Petroperu, in Superior Court litigation against state body SBN, following a disputed transfer of land to the Ministry of Transport and Communication. Both Danós and Morón are also assisting the Ministry of Justice with preparation of a new bill concerning contentious administrative law.

Leading lawyers

Jorge Danós - Estudio Echecopar member firm of Baker McKenzie International

Juan Carlos Morón - Estudio Echecopar member firm of Baker McKenzie International

Next generation lawyers

Ana Sofia Reyna - Estudio Echecopar member firm of Baker McKenzie International

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Real estate
Real estate - ranked: tier 3

Estudio Echecopar member firm of Baker McKenzie International

Highly recommended for real estate issuesEstudio Echecopar member firm of Baker McKenzie International is noted for its ‘focus on the client’, ‘vast empirical knowledge’ and ‘good, professional level of service’ which is described as ‘very agile’. Recent matters include advising key client real estate investment fund Fondo de Inversión en Bienes Raíces Larraín Vial – Colliers II (FIBRA II), on the $48m purchase of 62,000m² of sought-after industrial land in the Callao region. At the helm is real estate financing specialist Marco Alarcón. However, the practice group suffered a significant blow with the departure of highly-regarded former practice co-head Eduardo Barboza who, along with key senior associate Jaime Miranda moved to boutique firm Amprimo & Flury Abogados in late August 2018.

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Tax
Tax - ranked: tier 2

Echecopar member firm of Baker McKenzie International, Estudio

Estudio Echecopar member firm of Baker McKenzie International has a very strong transactional department but also handles high-level advisory and contentious matters. The team is ‘excellent’, ‘bi-lingual’ and ‘simply extraordinary’, with an ‘in-depth knowledge of the services provided’. It advised American Tower Peru on the complex tax aspects of its acquisition of the use and exploitation of 500 telecommunication pylons across Peru, owned by Desarrollos Terrestres del Perú, with a view to leasing them to telecoms operators – potential deal value $87m and a deal-first for Peru. The advice was led by department head Rolando Ramírez-Gastón, who is ‘very intelligent’, ‘creative, skilful and hardworking’, supported by fellow partner Erik Lind. Ramírez-Gastón also advised a global luxury-fashion brand on the tax structure of establishing a presence in Peru. An impressive client résumé includes Google, Goldman Sachs, Baker Hughes and Compañía Minera Milpo (part of the Votorantim group).

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Peru: Energy and natural resources

Electricity
Energy and natural resources: electricity - ranked: tier 2

Estudio Echecopar member firm of Baker McKenzie International

Estudio Echecopar member firm of Baker McKenzie International excels in this sector under the leadership of María del Carmen Tovar. It is ‘very experienced in electrical regulation’ and has strengthened its role as adviser to the State over the past year. The firm continues to act for Construtora Andrade Gutierrez on the development of the 400MW-plus Lorena hydroelectric power project on the Marañon river, most recently renegotiating the client’s temporary generation concession into a permanent one. Other highlights include representing Genrent del Perú, concessionaire to design, finance, build, own, operate and maintain the power supply for the Iquitos project, comprising the installation of a thermal power plant – it is a region of Peru that is currently off-grid. The team benefits from the financing expertise of Juan Carlos de los Heros and sector-know-how of Ines Vazquez.

Next generation lawyers

Inés Vázquez - Estudio Echecopar member firm of Baker McKenzie International

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Mining
Energy and natural resources: mining - ranked: tier 2

Echecopar member firm of Baker McKenzie International, Estudio

Estudio Echecopar member firm of Baker McKenzie International excels in the financings of projects and transactions, where it ‘adds a lot of value supporting foreign lenders’, but also boasts a steady flow of ongoing advice to mining companies, both domestic and international. For example, it advised Trevali Mining Corporation on its $190m loan (from a syndicate that included Bank of Nova Scotia and HSBC Bank Canada), to acquire a portfolio of zinc assets from Glencore; and is advising Peruvian mining company Minera Aurífera Retamas (Marsa) on all its legal requirements concerning its gold mine in northern Peru, one of the largest underground gold mines in the country. The team is led by Valentín Paniagua, who is praised for his ‘comprehensive knowledge and experience in the mining sector’; and benefits from the ‘very good and clear communication’ of corporate and finance partner Oscar Trelles, who is ‘very knowledgeable, efficient and proactive’, and Ina María Drago, who stands out for her ‘commitment to the client and breadth of knowledge’.

Next generation lawyers

Ina María Drago - Estudio Echecopar member firm of Baker McKenzie International

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Oil and gas
Energy and natural resources: oil and gas - ranked: tier 3

Echecopar member firm of Baker McKenzie International, Estudio

Estudio Echecopar member firm of Baker McKenzie International ranks Petroperu and government entity Perupetro among its clients. It continues to advise the former on sanctions imposed by environmental regulatory agency OEFA following oil spills from its northern-Peruvian pipeline, a matter led by public law specialist Jorge Danós; and is acting for Anadarko Petroleum Corporation, a new entrant in the Peruvian upstream market following the award of three northern off-shore blocks, the advice being led by Rolando Ramírez-Gastón. Valentín Paniagua overseas the firm’s natural resources practice.

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