The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon
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, Estudio, member firm of Baker & McKenzie International

Described by sources as ‘one of the best firms in Peru’, Estudio Echecopar member firm of Baker & McKenzie International fields ‘top-qualified and very well-established individuals’ praised for their ‘deep knowledge, broad analysis and accurate advice in all matters requested’. The team leverages the firm’s formidable international network to provide wide-ranging legal services that are praised as ‘outstanding in all aspects’. Restructuring, syndicated lending, initial public offerings, high-yield debt, project bonds, project finance and real estate financing are all areas of significant expertise. The 18-strong team’s ‘prompt delivery and availability’ attracts a high share of companies involved in financing transactions in Peru, from small outfits to major corporations and investment banks. New clients of note include MetLife, Belgian Investment Company for Developing Countries (BIO), and Austrian prepaid online payment company, Paysafecard.com Wertkarten. Departmental head Rafael Picasso is highly regarded in the market, and recently advised MetLife on a $41.8m secured credit facility to Complejo Agroindustrial Beta. Both managing partner Pablo Berckholtz and Alonso Miranda have considerable experience in international debt and equity securities offerings. Together with senior associate Renzo Luna, the pair recently advised Fondo MIVIVIENDA on its $606m issuance of corporate bonds, which involved a public offering for Peruvian institutional investors, as well as an international private Rule 144A/Reg. S notes offering; this was the first issuance of Global Depositary Notes by a private entity in Peru. Berckholtz is also a key name for derivatives products in the country, and regularly advises ISDA on Peru-related matters. Other highlights included Miranda assisting Credicorp Capital Servicios Financieros and Credicorp Capital Sociedad Agente de Bolsa, as arranger and placement agent respectively, with a $75m issuance of bonds by the Peruvian arm of French oil and gas company Engie; and Banco Internacional del Perú (Interbank) with its second corporate bonds program, valued at $300m. Other key figures include ‘problem solver’ Juan Carlos de los Heros, whose ‘vast industry knowledge, responsiveness and business acumen are always at the highest standards’; the ‘excellent’ and ‘broadly experienced’ Marco Alarcón; and Javier Castro, who regularly advises on acquisition finance and is considered an ‘expert in his field’. Senior associate Luis Ernesto Marín is also recommended.

Leading lawyers

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

Marco Alarcón - Echecopar, Estudio, member firm of Baker & McKenzie International

Next generation lawyers

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

Renzo Luna - Echecopar, Estudio, member firm of Baker & McKenzie International

[back to top]

Competition and antitrust
Competition and antitrust - ranked: tier 2

Echecopar, Estudio, member firm of Baker & McKenzie International

Estudio Echecopar member firm of Baker & McKenzie International fields ‘practitioners with solid knowledge in the area’ who are valued for their ‘pragmatic answers’ and ‘understanding of the promptness with which clients might need answers’. The ‘renowned’ Teresa Tovar is ‘very cerebral, focused on the problem at hand and the risks involved’. The team also includes associate Viviana Chávez, who is ‘very business savvy, always lucid, and truly listens to the client’s concerns’. In a headline example of the team’s litigation capability, Tovar successfully represented Grupo Gloria before INDECOPI’s Competition Court over an alleged abuse of dominant position; the decision is currently being challenged in judicial proceedings. The team is also acting for Compañía Marítima Chilena in proceedings before INDECOPI regarding an alleged cartel in the market of international shipping services in containers.

Next generation lawyers

Viviana Chávez - Echecopar, Estudio, member firm of Baker & McKenzie International

[back to top]

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

Echecopar, Estudio, member firm of Baker & McKenzie International

Estudio Echecopar member firm of Baker & McKenzie International remains a strong force in the M&A arena, in terms of both the profile of its clients and the value of deals handled. The firm’s global reach and strength in key sectors such as banking and finance, private equity, antitrust and projects are important draws for its varied client base of multinationals, funds, financial institutions and domestic companies – both private and public. 2016 saw practice co-head Liliana Espinosa advise INVEPAR, as seller, on French group Vinci Highways’ $1.5bn acquisition of its interest in Peruvian entity LAMSAC, the concessionaire of Peru’s largest infrastructure project, Línea Amarilla; the transaction also involved the sale of PEX Perú, a company that manages electronic toll-payment services. In another recent example of its cross-border capabilities, the team advised Transcom Worldwide and Transcom Worldwide Spain in BPO Consulting’s acquisition of Transcom Worldwide Perú. In other highlights, Inés Baca advised Peru’s Inversiones Centenario on a joint venture project with El Salvador’s Grupo Agrisal for the construction and operation of five hotels in Peru. Espinosa and the highly regarded senior associate Ina María Drago also assisted Jose Ramon Mariategui in the sale of 17% of Mariategui JLT’s shares to JLT Peru Retail. The renowned Jorge Ossio co-leads the team with Espinosa, and retains a consultant role in the firm. The group also includes a number of seasoned figures who practice at the intersection between corporate and finance, among which Rafael Berckholtz, Oscar Trelles and Javier Castro stand out. Senior associates Paolo Robilliard and Carla Figallo are also recommended.

Leading lawyers

Jorge Ossio - Echecopar, Estudio, member firm of Baker & McKenzie International

Liliana Espinosa - Echecopar, Estudio, member firm of Baker & McKenzie International

Next generation lawyers

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

Paolo Robilliard - Echecopar, Estudio, member firm of Baker & McKenzie International

[back to top]

Dispute resolution
Dispute resolution - ranked: tier 2

Echecopar, Estudio, member firm of Baker & McKenzie International

With one of the most sizeable litigation groups in Peru, Estudio Echecopar member firm of Baker & McKenzie International has robust litigation and arbitration practices and is particularly prominent in energy, infrastructure and construction litigation. Javier de Belaunde is a star name, and is currently advising the Republic of Ecuador in a high-profile arbitration procedure. The highly regarded Ana María Arrarte heads the group, and recently represented Peru LNG in $45m judicial proceedings concerning its non-compliance with the Plan of Abandonment for a construction project for a liquefied natural gas exportation facility. Yvo Cuba specialises in civil and commercial litigation, and is representing Ortiz Construcciones y Proyectos in a $30m dispute against Transmisora Eléctrica del Sur regarding an alleged contractual infringement. In another highlight, Samuel Abad acted for Refineria La Pampilla in proceedings brought by one of its shareholders. Other clients include SURA, Gilat to Home Peru and La Fiduciaria.

Leading lawyers

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

Next generation lawyers

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

[back to top]

Environment
Environment - ranked: tier 2

Echecopar, Estudio, member firm of Baker & McKenzie International

Estudio Echecopar member firm of Baker & McKenzie International’s team is co-led by natural resources lawyer Valentín Paniagua and public law expert Jorge Danós, and handles a wide range of environmental issues including multi-jurisdictional climate change and carbon trading policies, environmental compliance assessments, administrative and judicial actions, liability claims, and regulatory consultancies. The firm advised Permian Global Advisors on a long-term funding agreement for conservation activities and the implementation of a REDD+ project in San Matias San Carlos forest. It is currently representing Petróleos del Perú in administrative sanction claims brought by public authorities over oil spills in Petroperú’s pipeline. Associates to note include Diana Lizárraga and Alexandra Carranza.

[back to top]

Insurance
Insurance - ranked: tier 3

Echecopar, Estudio, member firm of Baker & McKenzie International

Corporate partner Rafael Picasso heads the team at Estudio Echecopar member firm of Baker & McKenzie International, which provides corporate insurance and regulatory advice in Peru to insurers, reinsurers and brokers. Recent activity for the group includes advising Diviso Grupo Financiero on establishing a new insurance company in Peru, Trevia Compañía de Seguros; and assisting Compañia de Seguros de Vida Camara with regulatory issues in relation to its insurance operations in the country. Senior associate Luis Ernesto Marín has experience in financial and insurance regulation, and insurance-related compliance matters.

[back to top]

Intellectual property
Intellectual property - ranked: tier 1

Echecopar, Estudio, member firm of Baker & McKenzie International

The ‘proactive, efficient and solid’ team at Estudio Echecopar member firm of Baker & McKenzie International attracts strong praise for the ‘pragmatism and depth’ of its service, which covers the full breadth of IP law – both contentious and non-contentious. The firm’s 2012 tie-up with Baker & McKenzie has given it access to the global network of this genuinely international player. The ‘very solid and renowned’ Luis Alonso García is an instantly recognisable name for IP law in Peru and leads the three-partner team; in 2016 he successfully represented SERFI in trade-mark litigation proceedings appealing a decision by INDECOPI. Trade-mark specialist Manlio Bassino and newly made partner Alvaro Gutiérrez are also recommended.

Leading lawyers

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

Next generation lawyers

Alvaro Gutiérrez - Echecopar, Estudio, member firm of Baker & McKenzie International

[back to top]

Labour and employment
Labour and employment - ranked: tier 3

Echecopar, Estudio, member firm of Baker & McKenzie International

Estudio Echecopar member firm of Baker & McKenzie International’s ‘excellent’ practice provides ‘timely and well-rounded responses’ across the full span of employment law, including immigration, pensions, social security, collective bargaining and M&A-related labour work. Clients highlight the ‘business acumen’ of the team, which has been led by ‘fantastic professional’ Mónica Pizarro since 2015. ‘Always available for questions and support’, Pizarro has developed particular expertise in remuneration structures, including tax and labour planning, and business restructurings, as well as the transferral of employees. Together with ‘very helpful’ associate Elizabeth Zamudio, she assisted Wipro with the labour aspects of setting up operations in Peru, including the hiring of staff and drafting of employment agreements. Transactional support work included advising Ingram Micro on the transferral of employees from Aktio Peru, while litigation mandates included successfully defending Techint against a former union leader in an unlawful dismissal claim. Associate Luis Miguel Almendariz is also recommended, and has considerable experience in retrenchment and occupational health and safety matters.

[back to top]

Projects and infrastructure
Projects and infrastructure - ranked: tier 1

Echecopar, Estudio, member firm of Baker & McKenzie International

Estudio Echecopar member firm of Baker & McKenzie International receives a steady flow of instructions relating to the development and financing of projects in Peru, and areas of specialism include advising developers, sponsors, constructors, banks and financers on infrastructure and energy projects. Juan Carlos de los Heros leads the group, which also includes María del Carmen Tovar, who is highly regarded for her regulatory expertise. In a recent highlight, the firm acted for Ergon Perú in a bridge financing granted by Crédit Suisse for a $30m project involving the installation and maintenance of 150,000 photovoltaic panels. The team is also assisting Sociedad Concesionaria Metro de Lima Línea 2 with the execution of its concession agreement for the $5.3bn metro line construction project. Also recommended are Juan Carlos Morón for his expertise in regulated markets, government contracts and public procurement matters; mining expert Valentín Paniagua; and newly made partners Zita Aguilera and Inés Vázquez.

Leading lawyers

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

Next generation lawyers

Zita Aguilera - Echecopar, Estudio, member firm of Baker & McKenzie International

[back to top]

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

Echecopar, Estudio, member firm of Baker & McKenzie International

An ‘undeniable market leader’, Estudio Echecopar member firm of Baker & McKenzie International is ‘exceptional across the board in public law matters’, from administrative law and arbitration processes to constitutional law, government and public works contracts, concessions, and PPPs. Its strong bench includes one of the market’s leading names, Jorge Danós, a ‘unique lawyer’ with great experience in regulated markets and a special focus on administrative procedures and international arbitration. He successfully represented Ferrovías Central Andina in an arbitration claim brought by Peru’s Infrastructure and Communications Ministry over alleged breaches of the concession agreement to rehabilitate, maintain and operate the Ferrocarril del Centro railway project. Juan Carlos Morón has worked on a slew of significant matters, including advising Metro de Lima Linea 2 on regulatory matters during the execution of its concession agreement; and, together with Javier Tovar Gil, assisting Línea Amarilla with the transfer of shares from its strategic partner to Vinci Highways. Samuel Abad has strong constitutional law and human rights expertise, and recently represented the Junta de Propietarios Edificio Carlos Granda in a constitutional process to annul a construction license issued by the Municipality of San Isidro. Newly made partners Zita Aguilera and Inés Vázquez are also recommended, as is senior associate Ana Sofia Reyna.

Leading lawyers

Jorge Danós - Echecopar, Estudio, member firm of Baker & McKenzie International

[back to top]

Real estate
Real estate - ranked: tier 2

Echecopar, Estudio, member firm of Baker & McKenzie International

The ‘unique’ real estate team at Estudio Echecopar member firm of Baker & McKenzie International provides an ‘outstanding service’ from both a legal and a commercial perspective, thanks to its ‘deep industry knowledge, strength-in-depth, broad analysis, and accurate advice in all matters requested’. The firm is able to call on its top-rated infrastructure, corporate, environment and regulatory practices to assist clients in real estate matters. Eduardo Barboza and Marco Alarcón are the key contacts, and together with senior associate Jaime Miranda form an ‘excellent team, covering all areas of law required’. The firm provides ongoing advice to ATC Sitios del Perú (American Tower) in relation to the due diligence of land where telecom pylons are to be constructed, as well as on the long-term contractual schemes for their exploitation. Another highlight includes assisting Inversiones Marmag with the development of the largest marine facility ever built in Peru. Counsel Jorge Ortiz, who focuses on property and registry law, is also recommended.

Leading lawyers

Eduardo Barboza - Echecopar, Estudio, member firm of Baker & McKenzie International

Next generation lawyers

Jaime Miranda - Echecopar, Estudio, member firm of Baker & McKenzie International

[back to top]

Tax
Tax - ranked: tier 2

Echecopar, Estudio, member firm of Baker & McKenzie International

With Rolando Ramírez-Gastón at its helm, Estudio Echecopar member firm of Baker & McKenzie International’s tax practice advises across the full range of tax issues, including cross-border corporate transactions, tax advisory, tax audits, tax disputes, and transfer pricing matters. The team will miss the expertise of José Talledo, who moved to Rodrigo, Elías & Medrano, Abogados, but can still count on the international tax planning and wealth management expertise of Erik Lind, who was recently promoted to the partnership, as well as tax litigator Carla Peirano’s experience in the oil and gas, energy and mining sectors. In a recent highlight, the team advised Invepar on a tax-efficient structure for the $1.6bn sale of its Peruvian subsidiary Línea Amarilla. It also assisted Corporacion Rey with the tax planning of its international sales operation for zip fasteners. Other names to note include associate Martha Morales, particularly for her experience in transfer pricing issues.

Next generation lawyers

Erik Lind - Echecopar, Estudio, member firm of Baker & McKenzie International

[back to top]

Peru: Energy and natural resources

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

Echecopar, Estudio, member firm of Baker & McKenzie International

Estudio Echecopar member firm of Baker & McKenzie International fields an ‘excellent team’ which has both ‘comprehensive knowledge of the power industry’ and recourse to the firm’s ‘solid M&A capabilities’. Department head María del Carmen Tovar has significant experience in concession agreements and government contracts, as well as public-services regulations; she is advising Amazonas Energía on all stages of the development of the Lorena Hydroelectric power plant project, from feasibility studies to environmental and regulatory licenses. In another highlight, Juan Carlos de los Heros is assisting International Business And Trade with the $150m development of six renewable hydroelectric power plants in Ancash. The ‘proactive and professional’ newly made partner Inés Vázquez is particularly recommended for energy, concessions and privatisations matters; she ‘knows the energy business from within’. New clients included Termochilca, Pacific Hydro Chile and GCZ Energía.

Next generation lawyers

Inés Vázquez - Echecopar, Estudio, member firm of Baker & McKenzie International

[back to top]

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

Echecopar, Estudio, member firm of Baker & McKenzie International

Estudio Echecopar member firm of Baker & McKenzie International boosted the transactional and project financing side of its mining practice with the promotion of Ina María Drago to the partnership in July 2016. The practice group also has experience in assisting major players with exploration, regulatory matters, and development and expansion issues under the leadership of Valentín Paniagua, and regularly calls on the skills of corporate partner Oscar Trelles. In a recent highlight, Paniagua and Drago advised CD Capital Natural Resources Fund III on a $45m equity investment in the Los Calatos Project, and continue acting for project owner Minera Hampton Perú on its day-to-day legal matters. The firm also played a key role advising Citibank on a due diligence process concerning Volcan Compañía Minera, its subsidiaries, and its 272 mining concessions, in relation to a $70m medium-term loan. In another highlight, Drago assisted Sierra Antapite with the acquisition of gold-silver mine Antapite from Compañía de Minas Buenaventura. Other clients include Minera Aurífera Retamas, Trevali Mining Corporation, Kaizen Discovery, and Inca Minerales.

Next generation lawyers

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

[back to top]

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

Echecopar, Estudio, member firm of Baker & McKenzie International

Estudio Echecopar member firm of Baker & McKenzie International’s strong transactional practice combines with sound expertise in dispute resolution, project financing, and regulatory matters to create a go-to practice for oil-and gas-work. The team is counsel to Woodside Energy in relation to its Block 108 investment, and has advised it on a string of matters over the past year, including licence and financial agreements, and administrative issues. 2016 highlights included advising Citibank del Perú on a credit facility agreement with Transportadora de Gas del Perú, which involved a due diligence of environmental and regulatory aspects. Jorge Danós is active on administrative and public law matters, and defended Petróleos del Perú in a number of sanction procedures brought by the Environmental Supervisory Agency and other public authorities over oil spills in the north-Peruvian pipeline. Valentín Paniagua is the leading name for all natural resources matters.

[back to top]


Further information on Estudio Echecopar member firm of Baker & McKenzie International

Please choose from this list to view details of what we say about Estudio Echecopar member firm of Baker & McKenzie International in other jurisdictions.

Peru

Offices in Lima

Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • EU and Malta Securitisation Market

    Following the US subprime crisis that began in 2007, the notion of securitisation has suffered from bad press that tainted its reputation. However, securitisation is still considered as an essential component to continued economic recovery and for well-functioning financial markets.
  • PATENTABILITY OF SOFTWARE IN SINGAPORE

     leading_lines_newsletter_dec_2017
  • DOJ Makes the Pilot Program Permanent and Announces FCPA Corporate Enforcement Policy

    The US Department of Justice ("DOJ") had announced a pilot program [1] ("Pilot Program") on April 5, 2016, which created new mitigation opportunities for companies that (i) voluntarily self-disclosed, (ii) cooperated fully, and (iii) took timely and appropriate remedial actions in FCPA matters that fell within the Fraud Section's mandate. The Pilot Program was to remain in effect for 1 year, starting from the day of its announcement. On March 10, 2017, the Acting Assistant Attorney General, Kenneth A. Blanco, announced in a speech that the Pilot Program would continue in full force until the DOJ reached a final decision on whether to extend it, and what revisions, if any, should be made to it. [2] The evaluation period of the Pilot Program ended on November 29, 2017, when Deputy Attorney General Rod Rosenstein announced the new FCPA Enforcement Policy ("Policy"), which effectively makes the Pilot Program permanent with some revisions. According to Deputy Attorney General Rosenstein, the FCPA Unit received 30 voluntary disclosures during the time period that the Pilot Program was in force, as opposed to 18 voluntary disclosures that were received during the previous 18-month period. The Policy has been incorporated into the United States Attorneys' Manual in order to "be readily understood and easily applied by busy prosecutors" as opposed to being promulgated in memorandum format. [3]
  • Effects of State of Emergency Law in Turkey On Prison Sentences Under Criminal Execution Laws

    With the Statutory Decree No.671 dated August 17, 2016, and the recent changes with Regulations No.29987 and No.29824 on Regulation Regarding an Amendment on Placement to Open Punishment Execution Facilities effecting execution of the Law No.5275 on Punishment Execution Law has introduced significant changes.
  • [SOUTH KOREA] Supreme Court Affirms Lower Decision, Finding Invalid the Regulations on Foreign ...

    Supreme Court Affirms Lower Court Decision, Finding Invalid the Regulations on Foreign Exchange Report on Incorporation of Offshore Subsidiary by an Offshore Company
  • Disputes on Health-Related Commercial Advertisements under Consumer Law

    Introduction
  • [SOUTH KOREA] New Administration’s Key Environmental Policies

    To step forward as an environment-friendly government, the Moon Jae-in Administration has announced its key environmental policies, including improving safety in chemical substances and household chemical products, and reinforcing implementation measures of the Paris Agreement.  Under the “sustainable development” paradigm, the new administration will continually promote new regulations to protect the environment and strengthen its enforcement of environmental regulations.
  • [SOUTH KOREA] Lower Court Issues Favorable Decision for 27,000 KIA Motors Employees in an ...

    Lower Court Issues Favorable Decision for 27,000 KIA Motors Employees in an Ordinary Wage Case 
  • SyCipLaw TMT Bulletin: “More Philippine Data Privacy Act: Are you Ready for Phase II?”

    Controllers and processors who have completed Phase I registration with the National Privacy Commission (NPC) will now have to gear up for Phase II. Phase II involves providing the NPC certain information on the organization’s compliance with the Data Privacy Act (DPA).
  • Crowdfunding - The Path towards a regulatory Framework

      The importance and feasibility of crowdfunding platforms is increasing in stature and importance for current and future the entrepreneurs. Malta has recently acceded to the rising trend by creating its first crowdfunding platform, ZAAR, a reward-based crowdfunding platform who has recently been awarded with the first prize in its section at the National Enterprise Support Awards 2016 also as well as being one of the local projects that have represented Malta at the European Enterprise Promotion Awards 2016, held in Slovakia. Nonetheless start-ups based in Malta with global aspirations often rely on international platforms. An increase in interest has emerged amongst the art and culture community as well in social entrepreneurship projects. Crowdfunding in Malta is still at the early stages of development. Despite this, there are endless opportunities for local entrepreneurs and the local business community. Research has shown that through international crowdfunding platforms, monies have been raised for projects in the field of gaming consoles, apps and software as well as for artistic projects.  Testimony to this is a new game design studio in Malta, that launched its first game, Politicks, raised financing through the crowdfunding platform Indiegogo.