Twitter Logo Youtube Circle Icon LinkedIn Icon


Peru > Law firm and leading lawyer rankings


Legal 500 Doing Business in Peru

Contributed by Payet, Rey, Cauvi, Pérez Abogados

Doing Business in Peru


The prominent investment climate has improved dramatically in Peru since the 1990s. This positive wave remains thus far allowing the macroeconomic indicators and the forecasts for the subsequent years to be auspicious, despite the end of the commodities boom and the corruption scandal bound to the Brazilian construction giant, Odebrecht, which have endangered the bases of the Peruvian economy during the last years.  

Peru has the sixth major GDP of the region ($ 214 MM) and it would reach similar levels during the following years. The Peruvian government ponders that the economy will maintain its solid macroeconomic foundations, which would allow mitigating eventual internal or external shocks.

Read more…

Peru is widely perceived as a bright-spot for Latin American investment, its growing middle-class demanding schools, hospitals, housing, technology and leisure activities, while a decade of sustained growth has led to a massive $160bn infrastructure deficit gap, prompting the government to court international investment. It is also a country awash with mineral resources, the second-largest producer of copper globally, with mining accounting for a third of all tax income. Such natural wealth has attracted the Chinese, and Peru is the first Latin American country with Free Trade and Strategic Alliance agreements with China. Among headline deals of 2017, a consortium led by China Three Gorges (CTG) acquired the Chaglla hydroelectric plant for $1.39bn, and China Development Bank provided $365m finance to Hydro Global Peru (a joint venture between CTG and Energías de Portugal), for the construction of the San Gabán III hydropower plant.

Yet tragically, Peru remains blighted by political instability and continued fallout from the infamous ‘Lava Jato’ corruption scandal. No less than four Peruvian presidents have fallen from grace after being linked to Brazilian construction company Odebrecht, which admitted to paying $800m in bribes to politicians and public officials throughout Latin America. The latest is Pedro Pablo Kuczynski who, just 19 months into his presidency and after pledging to eradicate the corruption, was himself implicated in the scandal and forced to resign in March 2018, ahead of an impeachment vote. Whether his successor can reverse the trend and bring stability to the nation remains to be seen.

The impact of Lava Jato on the legal market has been significant. Major infrastructure projects, the mainstay of top-end legal work, have been halted or abandoned, the most high-profile being the $4.3bn Southern Peru gas pipeline which was to be constructed by a consortium led by Odebrecht. The web of companies linked to Odebrecht, including flagship Peruvian developer, Graña y Montero, is so extensive that at least 27 leading commercial law firms have been identified as having links to the disgraced company and are being investigated by the Office for Public Prosecutions, a process that remains in its preliminary stages.

On a positive note, the scenario has brought a surge in legal work in white collar crime, labour law and tax. So extensive are the current allegations of corporate crime and the need for compliance programmes, that the discipline has moved from the domain of small boutique firms to large, full-service ones. Hernández & Cía. Abogados scored the biggest coup with the hire of Gonzalo del Río from Philippi Prietocarrizosa Ferrero DU & Uria and four associates from a variety of well-known firms to establish a new commercial crime practice. It hit the ground running with instructions to represent both former president Kuczynski and Graña y Montero.

Labour lawyers are in demand from companies implementing corporate restructuring and employee termination as a result of the political impact on the economy, which in turn is driving employment claims from aggrieved workers. And in tax, the 2017 tax amnesty, which allowed the repatriation or declaration of capital kept abroad by Peruvians at a significantly lower tax rate, ensured tax lawyers were busy.

The commercial legal market is small but sophisticated and entirely capable of transacting on the world stage. Two firms stand out for their strength across the board: Rodrigo, Elías & Medrano – Abogados and Miranda & Amado, though arguably, Rodrigo is nudging ahead in terms of top-tier rankings and leading individuals. A chasing pack of full-service, successful firms include: Estudio Echecopar member firm of Baker McKenzie International; Muñiz, Olaya, Meléndez, Castro, Ono & Herrera Abogados; Payet, Rey, Cauvi, Pérez Abogados; Philippi Prietocarrizosa Ferrero DU & Uria; the expanding CMS Grau; and two firms which stood out this year for their impressive growth in an adverse market, Garrigues and Hernández & Cía. Abogados. Both rose in our rankings more than any other firm, the result of aggressive hiring strategies, marked client gains and some enviable instructions. On the next level is a pool of extremely capable, English-speaking firms undertaking high-end work, such as Lazo, De Romaña & CMB Abogados; Estudio Olaechea; Rebaza, Alcázar & De Las Casas (a leader in corporate, M&A and restructuring); and Rubio Leguía Normand; and there is outstanding expertise in niche markets from: Santiváñez Abogados (power); Bullard Falla Ezcurra Abogados (competition); and Barreda Moller (IP), for example.

Other international players in the market include DLA Piper Pizarro Botto Escobar; Kennedys Peru; and most recently, Dentons Gallo Barrios Pickmann Abogados.

The In-House Lawyer

International comparative guides

In association with a leading international law firm, Legalease are producing a series of online country comparative legal guides, designed to give the in-house community greater insight to the law and regulations in unfamiliar jurisdictions.

International comparative guides

Giving the in-house community greater insight to the law and regulations in different jurisdictions.

Select Practice Area

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
  • The Cayman Islands Data Protection Law, 2017

    The following information relates to the enactment of The Cayman Islands Data Protection Law, 2017 (" DPL "), which was expected to come into force on 29 January 2019, will now come into force in September 2019. The DPL will regulate the future processing of all personal data in the Cayman Islands.
  • The Mutual Funds Law (2019 Revision)

    The following information relates to the enactment of The Mutual Funds Law (2019 Revision) and the subsequent commencement of related sections of The Mutual Funds (Amendment) Law 2015. The changes require certain funds to notify the Cayman Islands Monetary Authority if they are active in EU jurisdictions.
  • Stuarts Success - Case Review: Toby -v- Allianz Global Risks US Insurance Company

    Toby –v- Allianz Global Risks US Insurance Company, FSD 152 of 2013 (IMJ), Judgment delivered on 29 August 2018
  • Security Token Offerings in the Cayman Islands

    Security Token Offerings (“STOs”) are an extremely popular means of fundraising for new projects and utilise blockchain technology to do so. Whilst no specific legislation has been passed by the Cayman Islands Government in connection with STOs and cryptocurrencies, it would be incorrect to say that STOs are “unregulated”.

    Black Friday is unquestionable one of the most profitable and busiest days of the year for retail, particularly online. Worldwide almost all online store do offer sales or special promotions on Black Friday or Cyber Monday. Already after this practice has established online, a trademark for " BLACK FRIDAY " was registered in Germany back in 2013. In 2016 a Chinese company acquired the trademark and then filed in 2017 for its extension to Austria. Based on the registered trademark, it granted exclusive rights to an Austrian company, which licensed usage rights to various partner stores against remuneration. Further, an exclusive " Black Friday-Cooperation Program " was established. Non-partners who used the event name or trademark were prosecuted and requested to either pay a license fee or refrain from running Black Friday promotions. Some followed the request and entered into license agreements. Some, however, did challenge the validity of the trademark. Finally, respective proceedings to check the actual protection of the trademark were initiated. Austrian courts now held that the trademark " BLACK FRIDAY " is not protected in Austria .
    - Dorda
  • The Zero Carbon Bill - a closer look

    ​​​​The long-awaited "Zero Carbon Bill" was finally released on 9 May, but despite being greeted by considerable media interest there are a number of significant issues that have yet to come to the fore.
  • A link tax in New Zealand?

    ​​​​A controversial payment to publishers for content in Europe has implications for New Zealand – despite escaping mention in a recent paper that set out the key issues for review for our own copyright laws.
  • News media exemption under the Privacy Act: now a matter of "responsibility"?

    The role of the news media as the "eyes and ears" of the public, and the corresponding right of such news media to be exempted from the Privacy Act 1993 ( Privacy Act ), is entrenched and well accepted. However, the extent to which the news media exemption applies to non-traditional forms of "news" published by "civilian journalists", such as online commentary and blogs, is a hotly debated subject.
  • Quarterly Update on Trade Defense Cases in Turkey (June 2019)

    The authority to initiate dumping or subsidy examinations, upon complaint or, where necessary, ex officio , has been given from the Ministry of Economy to the Ministry of Trade ("Ministry"). Within the scope of this authority, the Ministry announces its decisions with the communiqués published on the Official Gazette.
  • Company Formations - A jurisdictional guide to setting up a business

    The following article contains the Foreword in the IR Global Virtual Series brochure on 'Company Formations - A jurisdictional guide to setting up a business'.

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