Firm Profile > Estudio Olaechea > Lima, Peru

Estudio Olaechea

Competition and antitrust Tier 2

A number of well-known international and domestic companies instruct Estudio Olaechea for its expertise in this area. Head of practice Martín Serkovic combines his practice with other legal disciplines but nonetheless has valuable experience in critical antitrust and competition advisory work and prosecutions. Most notably, the firm has been handling the first ever leniency case in Peru on behalf of shipping company Compañía Sudamericana de Vapores (CSAV), and is awaiting the decision of the Supreme Court in a final review of its earlier judgment against client Clorox in a case of alleged vertical collusion with supplier Quimpac.

Practice head(s):

Key clients

Compañía Sudamericana de Vapores – CSAV

Clorox Peru

Insurance Tier 2

Jesús Matos leads an active and experienced insurance practice at Estudio Olaechea, advising a raft of insurance brokers, agents, insurers, reinsurers, claims adjusters and other market participants from a variety of sectors. This is a key area of focus for the firm, and consequently, it boasts 'lawyers with international expertise and knowledge of the issues’. Among some impressive clients are Swiss Re, Marsh Rehder Corredores de Seguros, AXA and ABN Amro Life, while instructions include representing an international insurer on possible expansion in Peru. Matos leads a team of four associates, including Paloma Mufarech, noted for her experience in a wide range of insurance matters, including corporate support.

Practice head(s):


Estudio Olaechea is a cohesive, sharp team and they really work as a team. They frequently consult each other.’

They always check their advice, which is not common in other teams. There is in many firms a tendency to show what they know about the subject, but this team is prudent and concise, an unusual characteristic. I work with Jesús Matos, one of the partners, and I think he is a promoter of this characteristic. They are lawyers with international expertise and knowledge of the issues. Finally, the treatment of their clients and the warmth and support stand out in their business relationships.’


Key clients

Marsh Rehder Corredores de Seguros

Caterpillar Leasing Chile / Caterpillar International Services del Perú

COFACE – Compagnie Française d’Assurance pour le Commerce Extérieur

ABN Amro Life

Assurant Solutions

Rigel Peru Compañia de Seguros de Vida

American Express

American International Group (AIG)

AXA Seguros

Swiss Re

ACE Insurance

Starstone Insurance Limited

SAP Peru

Westport Insurance Corporation

Real estate Tier 2

Estudio Olaechea's offering has great breadth, ranging from corporate transactions, construction, development and planning, to judicial claims and specialist advice on matters including transport, ports, agrarian property and indigenous communities. Clients highlight the friendly, responsive and personalised service, alongside 'a lot of expertise, not only on transactional issues but also on the technical aspects’. Strong leadership is provided by Rossana Natteri, a combined corporate and real estate partner who is an 'excellent negotiator’. She steers a modest-sized team of four associates which includes Alberto Meneses, who is experienced in rural and agrarian property; and Paloma Hoyos, who is strong on transactional matters.

Practice head(s):


Strength in the ability to work under pressure. Recommend Paloma Hoyos and Rossana Natteri.’

It provided a very good service in the real estate area; there was very good attention from the partner who was friendly and always ready to assist us.’

Provided good care and availability, particularly Rossana Natteri.’

They provide us with personalised advice in each consultation, and show kindness and good treatment always.’

The real estate team at Estudio Olaechea supported us with two complex and important transactions. In both they showed a lot of expertise, not only on transactional issues but also on the technical aspects of the property.’

Partner Rossana Natteri accompanied us in transactions. She was always ready to take meetings and solve our problems, is an excellent negotiator and helped us a lot to obtain advantages in our real estate leasing operations.’

Estudio Olaechea has a solid team that works together for the needs of its clients. If a lawyer in charge of a case requires the support of another  internally, they organise it in such a way to provide solutions.’

It excels, has good response levels, and is effective. Competitors do not show the same level of resolution and assertiveness. I consider that its best qualities are assertiveness, effectiveness and speed.’

Key clients

Eversheds Sutherland

Caterpillar International Services del Perú


Auna Group – Oncocenter

Mar Andino Perú

TDM Asfaltos

Universidad de Ingenieria y Tecnología – UTEC

ACS Solutions Peru – Conduent

Viva Airlines Perú


Servigrifos Peru

World Learning

Inversiones 2055


EF Proyectos Inmobiliarios

AKKO Group


Fondo De Inversión Privado Renta I

Boston Consulting Group

Corporate and M&A Tier 3

Long-established firm Estudio Olaechea has a growing client base of SMEs peppered with some domestic and international heavyweights, such as Wiese Group, Viacom and Akzo Nobel. It also acts for Saint-Gobain, recently advising the company on its acquisition of the tile-fixing business of Peruvian ceramics company Ceramica Lima. The corporate and M&A team comprises multidisciplinary advisers who bring additional expertise to transactions, such as José Antonio Honda (energy), Martín Serkovic (banking and finance) and Carlo Viacava (private equity, banking and pension funds). At associate level, the firm is cultivating a bank of expertise, which includes Mariela Angeles, who provides 'sound advice’ and Joanna Dawson, who has a decade's experience including time in the M&A and capital markets practice of a leading New York firm. Clients highlight the firm's efficiency, professionalism and personalised attention, while for some it 'happily exceeded our expectations’ and 'we couldn't be in better hands.'


Estudio Olaechea is excellent and has happily exceeded our expectations. We have been working with them since 2012 and they have proven to be a modern, highly-specialised law firm with high standards of ethics. The firm has given us the opportunity to have a partner who is aware of our needs. It is alert to new regulations that may affect us, it offers us timely solutions and responses. Among its strengths we can highlight is the efficiency, punctuality and the way in which the team, led by Martín Serkovic, provides its services. Their support, willingness to work and the professionalism of their lawyers, makes us feel very comfortable and safe. We appreciate its deep analysis, the personalised attention and that they are always are available to us. Advice has always been clear and precise, exactly what we need and want.’

We have worked closely with Martín Serkovic, who provides us with excellent legal analysis and has successfully represented us in corporate, competition, commercial, contracts and everything related to education issues. His knowledge and negotiation skills are an asset to us. In our experience, the difference with other firms has been the timely and continuous responses that help us continue with our activities. Since we started working with them, we have received excellent and impeccable advice. We are very satisfied with the service provided. Martín Serkovic is one of the main partners in the area of ​​corporate law and M&A. He has vast experience in corporate law, education, corporate restructuring, investment projects and financing. His responses have always been accurate, precise and impeccable.  We also highlight senior associate Mariela Angeles for her experience in corporate and educational affairs. We highlight her sound advice on our disciplinary cases and her interest in learning about our institutional activities. Estudio Olaechea is excellent and we couldn’t be in better hands.’

Closeness to the customer, response times and understanding of the customer’s business makes Estudio Olaechea‘s M&A practice unique.’

Key clients

Hal Investments (GrandVision)

Johnson Controls

Trip Advisor



Movie Time

Akzo Nobel

Ravago Group


Aminpro Peru

Builder Homesite



Wiese Group

Environment Tier 3

Estudio Olaechea specialises in the environmental aspects of corporate transactions and infrastructure projects, particularly in the mining, port and energy sectors, as well as general advisory and compliance. Experienced and versatile partner José Antonio Honda heads a team of associates that was boosted by the arrival of energy regulatory specialist Licy Benzaquén from Santiváñez Abogados in January 2020. APM Terminals Callao is a key client of the practice, while client gains during the past year include: CAT Rail / Bucyrus, China Gezhouba Group Company and S&L Andes Export.

Practice head(s):

Key clients

American Bankers Insurance Company


Imerys Minerales

Mar Andino

CAT Rail / Bucyrus

APM Terminals Callao

TDM Geosinteticos y TDM



Shalva Chigirinsky

S&L Andes Export


China Gezhouba Group Company

Intellectual property Tier 3

Estudio Olaechea is recommended for its 'experience and vast knowledge of intellectual property issues’; the practice is led by Mónica Germany, who 'provides fast, creative and timely solutions.' Despite a small team (she directs two associates) the practice nevertheless handles some business-critical IP work for well-known companies - such as acting for Telefónica subsidiary Tuenti Technologies in trade mark litigation against Entel. Associate Cristina Fernandez habitually advises on key mandates and has a broad practice.

Practice head(s):


Estudio Olaechea has the experience and professionalism that we require for the monitoring and care of our intellectual property. Their strengths are that they clearly set out the necessary solution alternatives; I could go so far as to say that the services provided are among the best professional services that we have had.’

The plus that makes the lawyers of Estudio Olaechea stand out is the experience and vast knowledge of intellectual property issues, in addition to being a general practice firm, the legal advice is comprehensive. Mónica Germany is the partner in charge of the IP area. She is a very professional lawyer and provides fast, creative and timely solutions for cases she handles. Furthermore, it is worth noting the availability and participation of other lawyers of the firm when required.’

They are lawyers with excellent knowledge of the matter, and very quick to respond.’

Mónica Germany is an excellent professional and knowledgeable on the subject. Always attends with kindness and courtesy.’

Key clients

Tuenti Technologies (Telefónica)

The Clorox Company

Ewtech Investigation e Innovacion / Proter

Off White

Universidad del Pacifico

Troikaa Pharmaceuticals

AIDS Healthcare Foundation

LA Renon Healthcare

Mayo Foundation for Medical Education and Research

Megacell Telecomunicaciones

Alliance Tire Americas

Tumi Contratistas Mineros


OCI South America Holdings

Honda Motor Company

Banking and finance Tier 4

Estudio Olaechea is 'very sharp’ and focuses on regulatory advice to international banks and asset managers, business-to-business financing and investment funds work.  Both co-heads of the team are seasoned finance lawyers. In particular, the 'always available’ Carlo Viacava is recommended for sophisticated financial products, financing agreements and investment funds advice and is lead adviser at the firm to key clients BlackRock and JP Morgan Chase.  Jesús Matos has a busy practice in equipment financing transactions. Among senior associates most active in flagship mandates are Valery Vicente and Vladimir Popov.

Practice head(s):


‘Carlo Viacava was always available, with good advice and effective execution. The team was sharp and I felt well supported by their team, including associate Valery Vicente.’

They worked very well, good capacity and response opportunity.’


Key clients

Credit Suisse

Banco Latinoamericano de Comercio Exterior – Bladex.

Synnex Corporation

Fondo Sura SAF

Standard Chartered Bank

Maj Invest

Macquarie Capital

Banco Itaú

Mizuho Bank

Société Générale

Bank of America

Deutsche Bank

W Capital SAFI


Dispute resolution Tier 4

Estudio Olaechea handles both high-stakes and high-volume civil and commercial litigation proceedings. It is exclusive adviser to Caterpillar Leasing Chile, for example, for which it is handling over 200 repossession matters - mandates led by partner Cecilia Catacora, a litigator with 20 years' experience. At the same time, fellow partner Manuel Villa-García is representing Viettel Perú (Bitel) in a dispute with regulator OSIPTEL concerning sanction fines in excess of $1m, one of the largest sanctions issued by the regulator.  Carlos Martínez is the third partner of the 'very professional and competitive team’ and brings 17 years’ commercial litigation and arbitration experience to the practice.


Excellent ability and knowledge of the subject. Excellent customer service.’

They carry out the analysis of the cases that are entrusted to them from a business perspective. They have come to know us very well. Within the market they are a very professional and competitive team.’

Definitely the availability of experienced attorneys is a strong point. Those who serve you are primary attorneys and not junior attorneys or practitioners. In addition, they always seek to know about our business in order to give a more accurate opinion of our needs.’

Excellent capacity and customer service. Recommend Manuel Villa-García.’

Key clients

Viettel Perú

Nokia Solutions and Networks Perú

Caterpillar Leasing Chile

International Youth Hostel Federation – Hostelling International

Clorox Perú

Telecom Business Solution

WMS Gaming (Peru)

Doors and Docks del Perú

IQF del Perú

San Fernando

APM Terminals Callao


Viva Airlines

Labour and employment Tier 4

A high level of client satisfaction at Estudio Olaechea is testament to the solid and reliable team, that advises some leading multinationals on their labour law needs in Peru. The practice is led by experienced partners José Antonio Valdez and Lucianna Polar, and is increasingly involved in contentious and non-contentious terminations and workforce restructurings in response to the current economic climate.


A very cohesive team that truly works as a team. They consult each other and take reasonable time before responding in the way you need and advice is concrete.’

Their teamwork, their responses, their style of work, added to the warm and cordial treatment of their clients, together generate trust and credibility stand out. The willingness to resolve details that appear later is part of their style. Lucianna Polar, head of the work team, leads with knowledge and experience, generating confidence.’

Their strengths are in the sense of urgency, particularly Ccantu Osorio, and the focus on an effective solution. Lucianna Polar is always looking for an answer for the client.’

Excellent client service; always ready to help; extensive knowledge of local legislation; excellent preparation for all cases. Recommend José Antonio Valdez , Juan Carlos Valera and Ana Sofia Apaza.’

Key clients

Credit Suisse


IMS Internet Media Services

Rigel Seguros

ME Elecmetal

Renner Coatings Peru


NCR del Peru


Genomma Lab

Ravago Americas


National Oilwell Varco


Alcatel Lucent  – Nokia

Mining Tier 4

Estudio Olaechea acts for some small to mid-sized mining companies on a range of regulatory and corporate matters, as well representing other industries with their dealings in the mining sector. José Antonio Honda is a corporate and infrastructure partner with considerable experience in mining law and practice; he is leading advice to S&L Andes Export, a mining company based in Acobambilla, Huancavelica, on the restart of its operations there. The firm hired energy lawyer Licy Benzaquén in January 2020, formerly of her own practice and prior to that, a 'rising star' associate at top tier electricity firm Santiváñez Abogados.

Practice head(s):

Key clients


Ferrovía Transcontinental Brasil – Peru

APM Terminals Callao

Geochem International

Molibdenos y Metales

Imerys Minerales Peru

S&L Andes Export

Tax Tier 4

Estudio Olaechea has a well-resourced team focused on the full spectrum of tax matters. It attracts a strong following among international companies, assisting Google, AT&T and BlackRock, to name a few, navigate evolving Peruvian tax law. Experienced practitioner Jorge Dávila leads on corporate support, transfer pricing and litigation matters, while fellow partner Carolina Rodríguez is a specialist in customs-related issues. Sectoral strengths include air and maritime transportation, telecoms, financial services, gaming technology and education. Associate Natali Huaylla is recommended for both litigation and consultancy.

Practice head(s):


Estudio Olaechea has a team of professionals in all the areas in which our company requires advice. It is compared to the strong teams of other renowned firms in Peru and other countries, both in South America and in the rest of the world.’

The knowledge in the different areas of tax can be attributed to Jorge Dávila and the complete team.’

Key clients

Continental Towers


Forest Stewardship Council

Hapag Lloyd


Alcatel-Lucent del Perú


Jet Blue

Air Canada

Little Caesars

Ola & Montaña


Top Rank

Bray Controls

Yoder Media




Estudio Olaechea is a full-service law firm committed to high-quality, creative and efficient legal assistance for the particular needs of every client. The firm places great emphasis on the highest ethical and professional standards, having inherited a legacy of over 140 years of legal experience. Its purpose is to develop a solid long-term relationship with its clients, advising them on all their legal matters and working on customized solutions so that they can achieve their business goals and sustain a competitive advantage.

Estudio Olaechea has as policy a teamwork approach from a broad and inter-disciplinary perspective to develop solutions at competitive costs. It encourages this strategy when necessary, often combining legal and business skills. Many of the firm’s professionals have worked, studied and/or lived abroad and are up-to-date with international business trends and legal working schemes.

The firm: Founded in 1878, Estudio Olaechea is among the largest and most experienced law firms in Peru. For more than 140 years, the firm has provided practical, tailor-made and innovative solutions in a timely and efficient manner to local and international clients.

Estudio Olaechea has established close working relationships with a network of independent law firms of the highest level throughout Latin America, North America, Europe and Asia. The firm has an independent correspondent relationship as the Peruvian member of Lex Mundi, Club de Abogados, The Interlex Group and Ius Laboris.

Also, the firm has always been involved in civic activities by providing pro bono legal assistance to religious, cultural, charitable and sports organizations.

Main areas of practice: Estudio Olaechea’s attorneys represent buyers, sellers, investors, shareholders groups and financial advisors in structuring, negotiating and consummating complex domestic and international business combinations and other commercial transactions. It has assisted many important multinational companies in establishing and performing their businesses according to the highest legal standards.

The firm has long-standing and valued professional relationships with banks, financial institutions and industries representing customers from all around the world.

The firm’s practice areas in corporate law, mergers and acquisitions, taxation, civil law and contracts, administrative law, data protection, product liability, consumer protection, energy, banking and finance, stock markets, international and corporate transactions, competition and antitrust, real estate, environmental law, intellectual property, labor and immigration, litigation and arbitration have been specially recognized locally and internationally.

Department Name Email Telephone
Corporate/M&A Jose Antonio Olaechea
Banking & Finance - Coporate M&A - Investment Funds Carlo Viacava
Aviation Law - Regulatory Law Maria Eugenia Yabar
Corporate Law - Competition / Anti trust - Bankruptcy Martin Serkovic
Insurance - Banking & Finance Jesus Matos
Labor and employment Jose Antonio Valdez
Labor and employment Lucianna Polar
Tax Jorge Dávila
Customs Carolina Rodríguez
Dispute resolution - Arbitration Manuel Villa-García
Dispute resolution Cecilia Catacora
Dispute resolution - Arbitration Carlos Martínez
Energy and natural resources - Corporate M&A Jose Antonio Honda
Intellectual property Monica Germany
Real estate Rossana Natteri
Compliance - White Collar Crime Jose Luis Velarde
Photo Name Position Profile
Mrs Cecilia Catacora  photo Mrs Cecilia Catacora Partner.
 Jorge Dávila  photo Jorge Dávila Partner
 Mónica Germany  photo Mónica Germany Partner
 José Antonio Honda  photo José Antonio Honda Partner.
 Jesús Matos  photo Jesús Matos Partner.
Mrs Rossana Natteri  photo Mrs Rossana Natteri Partner
 José Antonio Olaechea  photo José Antonio Olaechea Managing Partner.
Miss Lucianna Polar  photo Miss Lucianna Polar Partner
 Carolina Rodríguez  photo Carolina Rodríguez Partner
 Martín Serkovic  photo Martín Serkovic Partner.
 José Antonio Valdez  photo José Antonio Valdez Partner.
 José Luis Velarde  photo José Luis Velarde Partner
Mr Carlo Viacava photo Mr Carlo Viacava Partner.
 Manuel Villa-García  photo Manuel Villa-García Partner.
 María Eugenia Yabar  photo María Eugenia Yabar Partner.
Other fee-earners : 50
Total staff : 120
Lex Mundi
Ius Laboris
Interlex Group
First Law International (FLI)
Partners : 16