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THE LEGAL 500 > EVENTS > GC Powerlist: Peru

GC Powerlist: Peru

Little did we imagine, when the launch of the first GC Powerlist Peru was announced for the third week of March, that we would arrive in such tumultuous circumstances. With President Pedro Pablo Kuczynski (‘PPK’) having survived a vote of confidence in late 2017, it appeared that political waters had calmed… arriving in Lima, however, it was confirmed that the President would be facing another congressional vote of confidence the very day of our launch reception and we foresaw clusters of in-house counsel more attentive to their phones and news of the vote than celebrating the achievements of the GC community. Ultimately, events moved faster than all prognosis and by Wednesday the President had gone, a series of disclosures regarding alleged attempts to buy votes ahead of the congressional ballot forcing his hand and resulting in his resignation.

Up on the fourth floor of the JW Marriott Lima, this brought a new horizon to the 80-plus corporate counsel who were able to attend this, our first Peruvian GC Powerlist event. Instead of preoccupation, there was guarded optimism that the remaining period of this administration, under the pragmatic hand of former deputy-president Martín Vizcarra, will be characterised by relative stability. Indeed, one GC commented that, on news of the PPK’s resignation, a concerned group of Mexican investors had flown down to see him, only to be so impressed with the reigning calm they encountered on arrival that they were happy to sit down and consider further investment into the country. No wonder Peru’s currency, the Nueva Sol, rose against the US dollar on news of Kuczynski’s resignation – ironically, just as it had done when we won the presidency by the narrowest of margins some two years ago.

Indeed, after the political tensions of the preceding days, the launch reception proved a relaxed and free-flowing affair. Following introductory remarks by The Legal 500 Latin America’s editor, Tim Girven, guests heard a fascinating presentation from Jorge Muñiz, founding partner of the event’s sponsor firm - Estudio Muñiz, Olaya, Meléndez, Castro, Ono & Herrera Abogados - concerning the changing relations between in-house counsel and private practice legal services during the more than 35 years’ since the firm opened its doors. Subsequently the evening moved into celebratory mode as guests and sponsors alike shared experiences over wine and canapes. With conversations ranging from clients’ perceptions of the current political (& investment) scenario in Peru to issues related to the management of in-house teams, it was quite clear that the Peruvian GC-community welcomed this opportunity to meet peers from beyond their own respective legal and industry sectors; certainly The Legal 500 looks forward to hosting further content-driven events in Peru in the near future. In the interim, our sincere thanks to all those GC’s who attended, as well as to sponsor firm Estudio Muñiz, without whom this event would not have taken place.

Please scroll down to see pictures of the event:

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