Firms To Watch: Competition and antitrust

The competition team at Philippi Prietocarrizosa Ferrero DU & Uria is led by director Veronica Vergaray and is able to offer clients cross-border expertise by drawing on the firm’s offices in Colombia, Chile and Spain.

Competition and antitrust in Peru

Bullard Falla Ezcurra Abogados

Bullard Falla Ezcurra Abogados‘ leading regulatory and competition practice is commended by clients for its ‘deep knowledge of free competition issues‘ and its ‘balanced team‘. The team frequently advises both domestic and international clients in all manner of competition issues and utilises its in-house economic team to provide a comprehensive offering. The practice is led jointly by Alejandro Falla, Eduardo Quintana, Lucía Villarán and Andrea Cadenas, who was promoted to partner in January 2022. Falla and Quintana each bring more than 20 years of experience to the team, specialising in regulatory, antitrust and administrative law. Villarán is especially experienced in advising clients in the energy, telecoms and transportation for public use sectors on regulatory matters, while Cadenas advises clients on economic regulation and arbitration. Other key team members include associate Agustín Valencia-Dongo, who brings previous experience as a member of INDECOPI.

Practice head(s):

Alejandro Falla; Eduardo Quintana; Lucía Villarán; Andrea Cadenas


‘Deep knowledge of free competition issues and experience in handling these issues in different sectors of the economy. Additionally, the service is not only limited to legal issues, but also economic. The approach, when analysing a particular topic, is complete. Likewise, the legal advice contains a high practical component and knowledge of the industry.’

‘Its deep knowledge on the subject, added to a didactic approach to address complex issues, make the practice led by Alejandro Falla a unique practice in the market. Andrea Cadenas supports Alejandro in an excellent way, and together they make an excellent team. Additionally, the quality of the deliverables is extraordinary, apart from the fact that they are delivered on time.’

‘Work very focused on analysis, market visit, forensic audit and proactive advice to help in decision making.’

Diez Canseco Abogados

The six-strong competition team at Diez Canseco Abogados is jointly led by name partner Luis Diez Canseco, founder Robert Venero, José Carlos Gonzáles, Omar Alvarado and Roxana Arellano García, with clients lauding the team’s ‘technical capacity‘ and ‘personalised treatment‘. The team’s depth of knowledge benefits from Diez Canseco’s experience as President and Magistrate for Peru at the Tribunal of Justice of the Andean Community and member of the appeal tribunal at INDECOPI, as well as both Venero and Gonzáles’s stints as senior lawyers at INDECOPI. The practice advises domestic and international clients on the full spectrum of contentious and non-contentious issues, ranging from litigation to preventative and risk advisory matters. Other names to note include associates Axel Ruiz and Camila Chamorro Poma.

Practice head(s):

Luis Diez Canseco; Robert Venero; José Carlos Gonzáles; Omar Alvarado; Roxana Arellano García


‘I believe that the team provides us with answers with a business vision for complex issues. And they do it with a sense of urgency.’

‘Robert Venero and Carlos Beraun both show a quick response capacity. I trust and feel comfortable with them because they understand the business in which we develop and the strategic vision that we have. I also mention Omar Alvarado and Jose Carlos Gonzales Cucho for whom I also have excellent references in the market. I know that they are highly positioned for technical capacity and practical vision like Robert Venero.’

‘The attention and personalised treatment by the different lawyers. The follow up and work that is remarkably deep and thought out.’

Key clients


Unión Andina de Cementos


Huawei del Perú

Directv Perú

Aris Industrial



Latam Airlines Perú

JJ Camet

Comercio Camargo Correa Perú


Empresa Editora El Comercio



Asociación Automotriz del Perú


Innova Ambiental

Grupo Atlántica

Laboratorios Siegfried

Petróleos del Perú


Kimberly Clark Corporation

Gas Natural de Lima y Callao

Roche Farma


Servicio de Agua Potable y Alcantarillado de Lima

Engie Services

Procter & Gamble



Asociación de Productores de Cemento

Toyota del Perú


Miranda & Amado

Miranda & Amado‘s ‘agile‘ and ‘efficient‘ competition team is jointly headed by Enrique Felices and Fiorella Zumaeta, who act for key clients including Linde, Obrascón Huarte Lain and Grupo Repsol, among others. The practice regularly deals with high-profile antitrust and unfair competition cases, as well as litigation and client representation before INDECOPI. Recent work for the team includes assisting Centurylink Perú in the first pre-merger notification proceeding under the merger control law, as well as advising Clorox on the preparation of complaints involving consumer protection and unfair competition. The practice is also experienced in assisting clients with antitrust matters, such as dealing with cartel proceedings, filing merger control transactions, and advising on complex compliance programmes.

Practice head(s):

Enrique Felices; Fiorella Zumaeta


‘The Miranda & Amado team has proven to be highly competent in managing merger control processes, and that is something that stands out.’

‘Enrique Felices stands out with his strategic view, covering the big picture, which helps the client to visualise a complete panorama of scenarios and thus make better decisions. Fiorella Zumaeta, who is extremely intelligent, organised and communicates very clearly, carries out the orders in a planned and organised manner, which gives the client a lot of confidence.’

‘The competition team stands out from the rest, not only because of its technical skills and experience, but also because of its achievement orientation and ability to execute. It is an agile and efficient team. In addition to their understanding of legal issues, they have a very good predisposition to understand the underlying businesses and that undoubtedly benefits the strength of the case.’

‘They are efficient, agile and highly achievement oriented. That differentiates them from the rest not only in terms of the quality of advice but also in terms of their fees as well.’

Key clients

Obrascón Huarte Lain

Clorox Perú

Grupo Repsol

DiDi Mobility Information Technology

Procesos de Medios de Pago

Kallpa Generación

Telefónica del Perú


San Fernando

Talma Servicios Aeroportuarios

Intercorp Financial Services


Transportadora de Gas del Perú

China Yangtze Power

Grupo Romero Investment Office


Latin America Power Holding

Parque Arauco

Work highlights

  • Assisted Hersil’s shareholders in the full spectrum of competition and merger control matters involved in the sale of 100% of its shares to a competitor.
  • Represented San Fernando in an ex officio sanctioning proceeding initiated by INDECOPI regarding price fixing practices in the market of consumer products, specifically turkey.
  • Represented Obrascón Huarte Lain Sucursal del Perú (OHL) in an ex officio cartel investigation (bid rigging) initiated by INDECOPI in the market of public works.

Payet, Rey, Cauvi, Pérez Abogados

Full-service firm Payet, Rey, Cauvi, Pérez Abogados is highly experienced in cross-border competition and antitrust matters, and the team is skilled in advising clients on leniency procedures before Peruvian authorities, restrictive horizontal practices, abuse of dominant position cases, exclusive dealing agreements, and strategic barriers to entry. The practice is co-led by Carlos A. PatrónJulia Loret De Mola and David Kuroiwa, with Kuroiwa promoted to the partnership in December 2022. Associates Giancarlo Baella and Ana Lucía Figueroa are also recommended for general competition matters, commercial and administrative matters, and assist the practice in antitrust cases.

Practice head(s):

Carlos A. Patrón; Julia Loret de Mola; David Kuroiwa


‘The treatment of the team is absolutely personalised, always giving priority to the case. Both knowledge and creativity are excellent.’

‘Knowledge, background and investigation of the case in depth. David Kuroiwa stands out.’

Key clients


Unión de Cervecerías Peruanas Backus y Johnston

Compañía Latinoamericana de Radiodifusión

Productos Tissue del Perú

Nexus Group

América Móvil

Electro Dunas

Tecnológica de Alimentos

Jetsmart Airlines

Work highlights

  • Advised AENZA on the investigative and fining procedure initiated ex officio by the Peruvian Competition Commission related to possible bid rigging in public procurement processes.
  • Advised Electro Dunas on the investigative and fining procedure initiated by the Peruvian Competition Authority due to a complaint filed by Atria Energía related to a possible abuse of dominant position.
  • Advised Compañía Latinoamericana de Radiodifusión on the investigative and fining procedure initiated by the Collegiate Bodies of the Peruvian Regulatory Agency of Telecommunications – OSIPTEL regarding a possible vertical agreement.

Estudio Echecopar member firm of Baker McKenzie International

Estudio Echecopar member firm of Baker McKenzie International's competition practice offers clients assistance in the full range of antitrust matters, with particular expertise in the areas of cartels, investigations, antitrust litigation, compliance and audits, vertical restraints, distribution agreements, abuse of dominant position cases and monopolisation. Teresa Tovar Mena leads the team and is specialised in antitrust investigations and compliance, while associates Viviana Chavez Bravo and Crosbby Buleje Diaz provide assistance to clients on general competition and antitrust matters. The team was further bolstered by the addition of senior associates Fernando Sam and Carla Figallo Salgado in October 2022.

Practice head(s):

Teresa Tovar Mena


‘The relationship with the lawyers is close, business oriented and executed with a sense of urgency. They understand the needs of the company or business and offer solutions based on their knowledge, experience and insights to address complex situations.’

‘Viviana Chávez won several important cases for us.’

‘The Firm, in particular Crosbby Buleje, helps us and is always on the lookout for regulations that may have an impact on our organisation, giving us support even before requesting it.’

Key clients

Compañía Marítima Chilena

Samsung Electronics Perú

MB Renting


Mead Johnson Nutrition Peru


Asociación Peruana de Agroindustriales del Azúcar y Derivados

Grupo Gloria

Merck Peruana

Coazucar Del Peru

Derco Perú

Louis Vuitton

Cámara Peruana de Venta Directa


AFP Habitat

Boston Scientific


Agroindustrial Laredo

Black & Decker del Perú

Work highlights

  • Advised COSAPI on the design and execution of an antitrust annual training plan and the conduction of an antitrust risk assessment.
  • Advised APPAD on the design and implementation of its antitrust compliance programme.
  • Advised CAPEVEDI on the design and implementation of its antitrust compliance programme.


The competition and market regulation practice at Garrigues is jointly led by Ivo Gagliuffi, who brings his experience as a former head of INDECOPI, and Javier Coronado, an economist who also spent time at INDECOPI as CEO and chief economist. The team offers clients expertise in antitrust and merger control, impact analysis, economic regulation, unfair competition matters, compliance and consumer protection law, with recent work examples including advising clients on the elimination of bureaucratic barriers before INDECOPI, and assisting a company in notifying the aforementioned authority of the acquisition of target companies. Associate Maria Isabel Alvarado is a key contact for merger control and antitrust issues in particular.

Practice head(s):

Ivo Gagliuffi; Javier Coronado


‘The willingness of the team to give constant support to our activity. They can always be contacted and consulted.’

‘The ability to give a strategic vision of the competition issues that affect us and the way in which they allow us to prevent our contingencies. I especially highlight Ivo Gagliuffi who, with his experience, gives exceptional advice.’

Key clients

Advent International Corporation



Anglo American Quellaveco


Compañía Minera Antamina



Nexa Resources Perú

Procter & Gamble

Grupo El Comercio

Shougang Hierro Perú

Asociación de Empresas Inmobiliarias del Perú

Telefónica del Perú


Sociedad Nacional de Pesquería

La Calera

Work highlights

  • Advised Advent International Corporation on the notification to INDECOPI of the acquisition of target companies involved in the hotel services sector by a special purpose vehicle controlled by Advent International.
  • Advised Telefonica on regulatory and antitrust issues regarding an important procedure initiated by the public administration in telecommunications (OSIPTEL).
  • Advised the World Bank on a complex analysis on how regulations of various kinds may be distorting competition and market efficiency by resorting to a systematic analysis of laws, executive power regulations and local regulations.

Stucchi, Bezada, Rodas & Pelaez Abogados

New firm Stucchi, Bezada, Rodas & Pelaez Abogados was formed by a team of lawyers from Muñiz, Olaya, Meléndez, Castro, Ono & Herrera Abogados in April 2023, with competition and antitrust being one of the firm’s key areas of specialisation. The practice, jointly headed by Pierino Stucchi, José Antonio Bezada and Carlos Rodas, offers clients assistance across the full spectrum of competition cases, including unfair competition, consumer protection, elimination of bureaucratic barriers, and antitrust matters in M&A operations. Despite the firm’s young age, its client roster is already impressive, boasting household names in various industries. The team has a depth of knowledge thanks in part to Stucchi’s former experience as INDECOPI’s legal manager, Bezada’s experience with the Superintendence of Securities Market, and associate José Quintana‘s work in the Specialized Chamber for the Elimination of Bureaucratic Barriers at INDECOPI.

Practice head(s):

Pierino Stucchi; José Antonio Bezada; Carlos Rodas

Key clients



B. Braun Medical Perú

Rimac Seguros y Reaseguros

Banco Scotiabank

Laureate Group

Cia de Seguridad Prosegur

Saga Falabella / Banco Falabella

G.W. Yichang

Hermes Transportes Blindados

Sodimac Peru

Comité de Restaurantes de la Sociedad

Nacional de Industrias

Hipermercados Tottus

La Venturosa

Inversiones La Cruz

Ultranav International

Farmacias Peruanas

Instituto San Ignacio de Loyola




Mall Aventura

Construcción y Administración


Grupo Bimbo

Work highlights

  • Provided legal sponsorship to Construction y Administración at the second instance level in a sanctioning procedure initiated by INDECOPI for an alleged anti-competitive practice.
  • Advised G.W. Yichang & Cia on a sanctioning procedure before INDECOPI, which discussed whether there is a legal obligation to inform about the content of transgenic components on the “Pringles Original Flavor” product label.
  • Providing comprehensive preventive legal advice to Cetco to ensure compliance with regulations on consumer protection, advertising and competition.

Baxel Consultores

Boutique firm Baxel Consultores focuses on competition law as one of its four core pillars, with recent work including assisting a client with a price-fixing cartel matter, and providing advice on consumer protection and data security complaints. Christian Chávez Verastegui and Carlos Rojas Klauer jointly head the practice, advising clients such as Inchcape Latam Perú, Toyota del Perú and Telefónica del Perú. The team, which benefits from the support of associate Alonso Salazar Zimmermann, is also adept at providing counsel on advertising regulations, administrative sanctioning proceedings, and cases conducted by the Peruvian Antitrust Commission.

Practice head(s):

Christian Chávez Verastegui; Carlos Rojas Klauer


‘The proximity of the lawyers and their personalised service make the office unique.’

‘Knowledge of the regulations, the Peruvian authorities and dealing with regulatory entities.’

‘The Firm is aware of the latest doctrinal trends and disseminates them with a realistic and effective approach to the sector and the company’s activities.’

Key clients

Mastercard International

Toyota del Perú

Philip Morris

Telefónica del Perú


Inchcape Latam Perú

Prima AFP

APM Terminals

Llama Gas

Banco de Crédito del Perú

Work highlights

  • Provided legal advice to Telefónica del Perú on unfair competition, advertising regulation, consumer protection, elimination of bureaucratic barriers and competition law.
  • Provided legal advice to Mastercard International on competition, advertising regulation and consumer protection law, and on the design of new products and services.
  • Advised Alicorp on competition, advertising regulation, consumer protection law, and on its relationships with suppliers, joint ventures, advertising campaigns, and sales of key products.

Hernández & Cía

Hernández & Cía‘s competition and antitrust department specialises in consumer protection litigation, with recent case highlights including its advice to clients on proceedings against authorities such as INDECOPI, the Labour Ministry and SUNAFIL. Other work the practice undertakes includes assisting clients in illegal trade barrier cases, advertising litigation, and day-to-day competition and antitrust matters. Enrique Cavero heads the practice and leads a team of four lawyers, which includes associate Carlos Holguín.

Practice head(s):

Enrique Cavero

Key clients

Viettel Peru

Procter & Gamble



Gelafrut SRL



Universidad San Ignacio de Loyola


Orica Mining Servies Peru

Inmobiliaria Koricancha



LSA Enterprises

Consorcio Futbol Peru

DXN International Peru

EF Education First

Conecta Retail

Jay 18

Be Sifrah

Work highlights

  • Providing Viettel Peru with advice on antitrust, regulatory compliance, unfair competition, consumer protection and advertising matters, as well as lawsuits against INDECOPI and OSTIPEL.
  • Advised Gelafrut on consumer litigation against INDECOPI, which initiated an ex officio action lawsuit.
  • Advised Scotiabank Peru on its entire portfolio of consumer complaints before both administrative and judicial courts.

León e Iparraguirre Abogados

León e Iparraguirre Abogados is experienced in advising clients on cases relating to consumer rights and assisting in administrative procedures before INDECOPI. Luis Miguel León and Gianfranco Iparraguirre jointly head the team, having founded the practice in 2016, and are also able to provide cross-border services through a co-operation agreement with Chilean counterpart FerradaNehme. The team’s broad industry experience covers sectors such as healthcare, retail, banking, construction and education.

Practice head(s):

Luis Miguel León; Gianfranco Iparraguirre


‘Great team of talented professionals, attentive to the needs of their clients, solving their problems in a practical way and with excellent contactability.’

‘Close, friendly treatment and always willing to solve problems. It is very easy to contact them.’

‘The León Iparraguirre Abogados team is very versatile, punctual in delivering assignments of relevant contingency and importance for the company. It is a boutique law firm with excellent expertise and reliable knowledge in the field of Consumer Protection, Free Competition and Antitrust Law.’

Key clients

Aba Singer & Cía

Inversiones Korioto

Estación Santa Margherita

Kimberly-Clark Peru

BBVA Banco Continental

Viva GYM

Latam Airlines Peru

Entel Perú

Conecta Retail

Financiera Efectiva

Total Artefactos


Conecta Selva

Marsh Rehder

Specialized Latin America

Linde Perú

Covidien Perú


Inmobiliaria y Constructora Marcan

Binda Ingenieros

Shock MKT

BBVA Banco Continental

Asociación de la Industria de Bebidas y Refrescos sin Alcohol

Crediscotia Financiera

Kimberly – Clark Perú

Universidad de Tecnología e Ingeniería

Toyota del Perú

IngoCasa Peru

Armas-Doomo Promotora Inmobiliaria

Cúpula Inmobiliaria

Latam Airlines Peru

Tiendas del Mejoramiento del Hogar

Conecta Marketplace

Conecta Retail

Work highlights

  • Advised Industrias Alimenticias Cusco and Hipermercados Tottus on ex officio administrative procedures in INDECOPI related to unfair competition (regulations on healthy eating).
  • Advised BBVA Continental on administrative procedures in INDECOPI related to unfair competition.
  • Advised Tiendas del Mejoramiento del Hogar, Saga Falabella and Hipermercados Tottus on many consumer protection and unfair competition procedures.

Rebaza, Alcázar & De Las Casas

Rebaza, Alcázar & De Las Casas frequently advises clients on matters such as the filing of merger control proceedings, with recent work including advice to Glencore, H.I.G. Capital and Grupo Patio. Alberto Rebaza co-heads the practice and is particularly focused on antitrust matters for clients in the construction, energy and pharmaceutical industries. Luis Miguel Elias jointly leads the department alongside Rebaza, and is especially adept at handling corporate transactional matters. The team also undertakes work on bureaucratic barriers, cartels and competition policy. Daniel Gonzales provides support for clients in the energy and education sectors, and associates Fernando Rodriguez and Rosario Miranda also work on antitrust merger control proceedings.

Practice head(s):

Alberto Rebaza; Luis Miguel Elias


‘Very good treatment, work with a sense of urgency, extensive knowledge of the subject.’

‘Specialist and innovative team.’

‘Víctor Valdez is a young partner with the knowledge of an old partner. His empathy and innovation provide intelligent solutions that generate value for the company.’

Key clients

FZ Sports

A.P. Moller Holding

Caisse de dépôt et placement du Québec

Kohlberg Kravis Roberts

H.I.G. Capital




Grupo Patio

Equinix, Inc.

Work highlights

  • Advised KKR on the merger control filing proceeding in Peru for the $2.14bn cross-border acquisition of ContourGlobal.
  • Advised A.P. Moller on the merger control filing proceeding in Peru for the cross-border acquisition of Unilabs Holding.
  • Advised Caise de dépôt et placement du Québec on the assessment of Peruvian antitrust merger control requirements for the potential acquisition of 100% of Terna Group’s asset portfolio in Peru, Brazil and Uruguay.

Rodrigo, Elías & Medrano Abogados

The antitrust practice at Rodrigo, Elías & Medrano Abogados is headed by Verónica Sattler, who has more than fifteen years’ experience in the field and is particularly adept at advising clients in regulated sectors such as energy and infrastructure. Sattler leads a team of six lawyers, who frequently assist clients in the adoption of preventative measures, compliance with antitrust regulations, and formulating responses to enquiries from government authorities such as INDECOPI.

Practice head(s):

Verónica Sattler

Key clients

Cencosud Retail Perú

Avianca Holdings


Xignux / Viakable


Southern Peru Copper Corporation

Mota-Engil Perú

Santiváñez Abogados

Santiváñez Abogados provides advice almost exclusively to clients in the power generation sector, assisting clients such as Empresa Regional de Servicio Público de Electricidad de Norte and Sociedad Eléctrica del Sur Oeste. The practice is jointly headed by Roberto Santiváñez and Fidel Rocha, who are skilled in merger control procedures and regulatory work, respectively. Other work that the practice undertakes includes representing electricity clients in complaints before authorities, advising in antitrust investigations, and assisting in claims of unfair competition. Associate Percy Samaniego supports the team and is particularly experienced in merger control within the power sector.

Practice head(s):

Roberto Santiváñez; Fidel Rocha

Key clients

Empresa Regional de Servicio Público de Electricidad del Norte

Sociedad Eléctrica del Sur Oeste

Pedro Llerena

Electo Dunas

Work highlights

  • Advised Electronorte on a complaint before the antitrust agency for alleged abuse of dominant position in the form of discrimination.
  • Assisted Sociedad Eléctrica del Sur Oeste in a legal strategy for the second instance to reverse the results obtained in the first instance in a sanctioning procedure for alleged abuse of dominant position in the form of discrimination.
  • Advised SEAL on the sanctioning procedure initiated for alleged acts of unfair competition in the form of violation of regulations.