Market: Peru

Peru fines construction companies in first no-poach case

Peru’s antitrust agency has issued its first-ever no-poach infringement decision, fining six construction companies and four executives US$1.5 million for agreeing not to hire rival workers.

17 May 2023

Muñiz IP head moves to Diez Canseco in Peru

Regarded IP practitioner Marta Fernández Pepper has left her partner role at Peruvian firm Muñiz, Olaya, Meléndez, Castro, Ono & Herrera to join Diez Canseco Abogados.

15 May 2023

Enel agrees to sell Peruvian assets amid debt reduction strategy

Allen & Overy LLP, Miranda & Amado in Lima and Barros & Errázuriz Abogados in Santiago have helped China Southern Power Grid International (CSGI) sign an agreement to buy Enel’s Peruvian assets for US$2.9 billion, a deal that is now subject to scrutiny by antitrust authority Indecopi.

09 May 2023

Rodrigo Elías nabs Damma founding partner

José Chiarella – one of the founding partners of tax-focused Damma Legal Advisors – has re-joined the partnership at Peruvian Elite firm Rodrigo, Elías & Medrano Abogados.

05 May 2023

French PR group buys Argentine tech business Practia

French PR company Publicis has hired several international and Latin American firms to acquire Buenos Aires-headquartered technology-focused consultancy Practia.

04 May 2023

Familiar firms return for Andean Telecom Partners loan

Cleary Gottlieb Steen & Hamilton LLP in New York and São Paulo and three Garrigues offices have helped the Colombian fibre optics arm of Andean Telecom Partners (ATP) get a US$60 million credit line.

03 May 2023

Which firms advised Latin America’s largest banks in 2022?

Clients from Latin America’s banking and finance sector relied on external counsel for expert advice in debt restructurings, fintech compliance and ESG-related financings in 2022, according to the latest research by Latin Lawyer’s affiliate publication LACCA. The survey explores which law firms proved most popular among the region’s 50 largest banks.

02 May 2023

Partners leave Muñiz to launch competition-focused firm

Two partners of Peruvian firm Muñiz, Olaya, Meléndez, Castro, Ono & Herrera – including the competition co-head and former Indecopi vice president Pierino Stucchi – have left to set up a new firm, shortly after Muñiz hired an antitrust partner and a consultant.

02 May 2023

Peruvian gas concessionaire expands network with CAF financing

Garrigues (Peru) has helped Peruvian natural gas distributor Cálidda obtain a US$150 million credit line from Latin American development bank Corporación Andina de Fomento (CAF).

28 April 2023

Credicorp acquires Peruvian ticketing start-up Joinnus

Garrigues (Peru) has helped finance group Credicorp buy Joinnus, a digital platform that sells tickets for sports and entertainment events.

24 April 2023

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