Estudio Echecopar has a rich 67-years of history servicing domestic and international clients in this dynamic market. The combination of our rich local knowledge and experience with the global resources and reach of Baker McKenzie open new doors for our domestic clients and create opportunities for our lawyers and staff to serve an expanded roster of international companies eager to grow in Peru.
Our services: Antitrust & Competition | Arbitration & Litigation | Banking & Finance | Bankruptcy | Capital Markets | Civil Law | Compliance | Corporate | Employment | Environmental | Intellectual Property | International Commercial & Trade | ITC | M&A | Mining, Energy & Infrastructure | Pharmaceutical | Project Finance | Public Law | Real Estate | Regulatory | Tax | Transfer Pricing.
Recent work highlights:
We played a significant part in launching Peru’s first national e-money platform, a first-of-its-kind completely interoperable national mobile payments system that aims to scale up financial inclusion in the country. ASBANC (Peruvian banking association) is called "Modelo Peru". As lead counsel to Pagos Digitales Peruanos, a private sector initiative comprising more than 30 financial institutions and telecommunications companies, we designed a regulatory and contractual scheme to allow access to all major banks and financial institutions. We drafted and negotiated agreements with Ericsson for technological support. The platform allows users to transfer funds, pay, purchase, and access a variety of services using only one payments system. The number of banks and telecommunications companies participating in the scheme makes Peru one of the most integrated e-money markets in the world. This service allows users to access e-money from their mobile phones (basic or smartphones) to transfer funds from phone-to-phone, initiate payments (e.g., wages, utilities, and government payments), make airtime purchases, and access a variety of other financial services.
We advised Investimentos e Participações em Infraestrutura - INVEPAR, parent company of a Brazilian group specialized in transportation infrastructure, on the transfer to Vinci Highways, a wholly-owned subsidiary of Vinci Concessions (part of Vinci Group, a French global player in concessions and construction), of 100% interest in the Peruvian company LAMSAC, the concessionaire of the Linea Amarilla Project, one of the largest infrastructure projects in Peru (a 40-year concession for the operation and maintenance of a 25 km urban express highway, as well as the execution of several construction works, including a tunnel under the Rimac River, next to the historic center of Lima). The holder of the interest being transferred is Linea Amarilla Brasil Participações (LAMBRA), a wholly owned Brazilian subsidiary of INVEPAR. The transfer will also include 100% interest in PEX Peru, the Peruvian subsidiary in charge of managing electronic toll payment services. The value of this transaction was around US$1.5 billon.
Advised Ergon Peru, a subsidiary of Italian-based Tozzi Green, in connection with a US$30 million senior secured term loan facility among Ergon, as borrower, Tozzi Green. and Tozzi Holding as guarantors and Credit Suisse AG, Cayman Islands Branch, as initial lender. Proceeds of the term loan facility is used to finance the installation and maintenance of certain autonomous photovoltaic panels in areas not connected to the electrical grid in the northern, central and southern parts of Peru. Credit Suisse is canalizing funds provided by the Corporacion Financiera de Desarrollo - COFIDE, through a participation agreement.
Number of lawyers: partners – 30, associates – 71.Av. La Floresta 497, Piso 5
San Borja, Lima 41 - Perú
Tel: +51 1 618 8500
Fax: +51 1 372 7374www.echecopar.com.pe