Hernández & Cía. Abogados advised Banco Santander Panamá and Corporación Financiera de Desarrollo (COFIDE) in US$ 30 million loan granted to La Virgen S.A.C...

The financing is structured as a medium-term loan and is secured by a mortgage over two properties of TRAMARSA and a pledge over its present and future assets related to their maritime operations.

This represents the second offering of the Republic of Peru in Euros in less than four months.

Hernández & Cía. Abogados advised the Republic of Peru in its international issuance of sovereign debt for 1,1 Billions Euros.

The proceeds of the financing will be used by the company in order to finance the payment of VAT within the context of the construction and development of the underground railway project "Linea 2 del Metro de Lima y Callao".

The Fund is the first investment fund launched by LXG Asset Management, an investment fund manager registered with the Peruvian capital markets agency.

In the World Economic Forum's recently-released "Financial Development Report 2009," Peru was ranked number one in the world for macroeconomic prudence.

The Trust Agreement was executed by Automotores Gildemeister S.A., Automotores Gildemeister Peru S.A. and AG – Creditos S.p.A. as trustors, TMF Peru S.R.L. as beneficiary and La Fiduciaria as trustee.

Recent changes in Peruvian insolvency laws will now allow financial institutions and insurance company counterparties to close-out and net obligations under derivatives and repurchase agreements with Peruvian financial institutions or insurance companies which become subject to bankruptcy proceedings.

En la clonación de tarjetas, el afectado no se entera que su tarjeta ha sido clonada hasta percatarse del uso de su dinero sin su autorización.

Perú avanza hacia una mayor transparencia al aprobarse el Decreto Legislativo 1372 que obliga a las entidades legales a reportar e identificar a los beneficiarios finales.

Infrastructure is viewed as an asset class of its own and the allocation to this investment class is expected to rise considerably.

The solid and stable economic position recently earned by Peru, as a result of the economic stabilization and structural reform process applied in the early ‘90s, and the implementation and execution of an adequate legal framework that strengthened the respect, guarantee and protection of investments, were determining factors for the creation of an appropriate climate for investment.