Market: Peru

Peruvian agency fails to halt oil consortium liquidation

An International Chamber of Commerce (ICC) tribunal has ruled that an oil consortium validly terminated its agreement with a Peruvian state agency, rejecting arguments it was a bad faith move to trigger a liquidation proceeding.

15 February 2023

Damma hires director from Vodanovic Legal

Peruvian firm Damma Legal Advisors has hired an of counsel from local firm Vodanovic Legal as a director in its corporate and compliance group.

14 February 2023

Peru seeks to curtail criminal antitrust sanctions

In a bid to revive its faltering leniency regime, Peru’s antitrust watchdog is calling for new legislation to exempt abuses of dominance and softcore cartels from criminal sanctions while increasing protections for whistleblowers.

14 February 2023

Garrigues and Muñiz steer Peruvian chemicals deal

US chemicals company Solenis has hired Garrigues in Lima and Bogotá to buy three Peruvian companies, which together form the Grand Investment Group.

10 February 2023

Multiple firms guide US software company's LatAm expansion

Three Shearman & Sterling LLP offices, Bruchou & Funes de Rioja in Buenos Aires, Colombia's Brigard Urrutia, Rebaza, Alcázar & De Las Casas in Lima and Ferrere (Uruguay) have helped US digital services company GlobalLogic acquire Argentine counterpart Hexacta.

07 February 2023

Pro bono: Building bridges

Featured in Pro bono 2022

Fostering collaboration between law firms and building relationships with local clearinghouses is crucial for Latin American outfits to make their pro bono practices more successful. Firms may compete with one another to win M&A or capital markets mandates, but pro bono practices must work together to help those most in need.

13 January 2023

Peruvian port concessionaire gets novel IDB Invest financing

Three offices of White & Case LLP and Rodrigo, Elías & Medrano Abogados in Lima have helped Peruvian port concessionaire Salaverry Terminal Internacional (STI) raise US$115 million through a private placement of an A/B bond – the first of its kind in Peru.

09 January 2023

Lima airport lands US$1.25 billion financing for new terminal

Paul Hastings LLP in New York and Peruvian firm Rodrigo, Elías & Medrano Abogados have helped Lima Airport Partners (LAP), the concessionaire that manages Peru’s Jorge Chávez International Airport, get a US$1.25 billion financing to expand the Lima airport.

06 January 2023

Albanesi powers first Peruvian operation with private placement

Garrigues (Peru) has helped a local subsidiary of Argentine energy company Albanesi raise US$13 million through a private placement of notes.

06 January 2023

Several firms power electricity company loan in Peru

Estudio Echecopar member firm of Baker McKenzie International in Lima has helped electricity company Red de Energía del Perú (REP) land a US$106 million loan.

04 January 2023

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