Client Alert | March 21, 2022
Amendments to the Banking Law
Banking Law
-
Chambers & Partners
Practices 2021 2022 2023 Banking and Finance Band 1 Band 2 Band 1 Testimonials
Band 1: Chambers and Partners — 2023
Estudio Echecopar - Baker McKenzie forms part of a global firm with a strong reputation in Peru. Its noteworthy bench of practitioners is well equipped to advise major corporate borrowers as well as multinational banking groups acting as lenders on domestic and cross-border credit facilities. The department demonstrates expertise in syndicated loans and is increasingly active handling an array of corporate finance deals, notably in the real estate and mining sectors. Aside from the team's transactional strength, the lawyers are also skilled in assisting with a variety of regulatory banking mandates.
Band 1: Chambers and Partners Latin America — 2023
Estudio Echecopar - Baker McKenzie forms part of a global firm with a strong reputation in Peru. Its noteworthy bench of practitioners is well equipped to advise major corporate borrowers as well as multinational banking groups acting as lenders on domestic and cross-border credit facilities. The department demonstrates expertise in syndicated loans and is increasingly active handling an array of corporate finance deals, notably in the real estate and mining sectors. Aside from the team's transactional strength, the lawyers are also skilled in assisting with a variety of regulatory banking mandates. Bank of America, ICBC Perú Bank and IDB Invest are notable additions to the firm's client portfolio.
Strengths "The lawyers at Estudio Echecopar are well informed, up to speed with market trends, and able to deliver advice that is commercially reasonable. They are also quick to separate the wheat from the chaff in order to focus on key issues that have real impact." "Estudio Echecopar is the best equipped firm to handle sophisticated matters. They truly understand the intersection of Peruvian and foreign law when it comes to cross border transactions, especially in this field."Work highlights Estudio Echecopar - Baker McKenzie advised Bank of America and BBVA Securities, as joint lead arrangers and joint bookrunners, on a syndicated term loan granted to Gas Natural de Lima y Callao for an amount of USD350 million.Band 1: Chambers and Partners — 2020
"Their knowledge of cross-border transactions is very important, and just as important is their local understanding. They collaborate very well with lawyers around the world, as well as with the lenders and counterparties."
"One particular strength is the Baker McKenzie digital platform. This means that you can connect any device – your laptop, tablet, etc – to the online platform and make slight modifications when you need to. This enables the process to be faster, more efficient and more agile."
-
The Legal 500
Practices 2021 2022 2023 Banking and Finance Band 1 Band 1 Band 1 Testimonials
Band 1: The Legal 500 — 2023
Under the leadership of Pablo Berckholtz, the 11-strong practice group at Estudio Echecopar member firm of Baker McKenzie International continues to advise large national and international financial institutions, as well as corporations, on a broad range of banking and finance activities, and associated regulatory matters. Berckholtz, who acts as sole Peruvian advisor to the International Swaps and Derivatives Association (ISDA), is well regarded for structured finance, syndicated loans and acquisition finance; while Marco Alarcón is recommended for corporate finance transactions, real estate financing and public and private securities issuances. Alonso Miranda Vargas is the name to note for capital markets work and liability management transactions, and also utilises his considerable knowledge of Peruvian securities-regulation to structure complex debt instruments. Juan Carlos de los Heros is well known in the market for project finance and is no stranger to public-private partnerships (PPPs) and energy projects. Former practice head Rafael Picasso is known for his capabilities in both corporate and banking spheres.
‘Excellent knowledge of the issues requested and very timely advice’.
‘They go above and beyond by giving recommendations using their vast experience’.
‘Excellent treatment of clients and they are always available’.
Band 1: The Legal 500 — 2019
Most notably, clients rate the firm's "extensive experience in capital markets and financing transactions", "strong market knowledge" and "cross-border transactional experience".
-
IFLR1000
Practices 2018 2019 2020 Banking and Finance Band 2 Band 2 Band 2 Testimonials
Band 2: IFLR1000 — 2020
“Really high engagement of the partners involved in the transaction. Very good knowledge of the issues related to the transaction, and creativity in order to provide solutions when facing dead ends during the structuring and negotiation of the deal.”
“Very professional firm, offering the full range of legal experts required for this kind of transaction and remarkable specialised professionals, which were key in clarifying and solving very specific particularities of the Peruvian law.”
“Estudio Echecopar provides excellent service and differentiates itself from other local firms based on the fact that is one of the few firms that has deep knowledge of the derivatives and custodial services markets.”
Description
We provide legal advice on various fields, not only at a consultancy services level but also in structuring and executing operations. We advise on the daily operation of the most important banks of Peru.
We regularly advise on matters related to the regulation of the financial system and the operations that the companies of that sector perform.
We know the banking business deeply, the operations performed and the issues that banking employees deal with on a daily basis.
We provide advice on the construction and application of the Financial System Law, as well as of the different legal regulations issued regularly by the Superintendency of Banking, Insurance and Private Pension Fund Administrators, and the Central Reserve Bank of Peru.
We have experience in organizing, authorizing, and setting-up new banking entities in Peru. As regards the acquisition and merger of companies of the financial system, we advised in the most important operations carried out in the country.
We have broad experience in matters related to structuring operations and restructuring companies’ debts.
In addition, our practice also includes debt restructuring arising from operations of debt agreements, syndicated loans, and financial leases, among others. For this purpose, we use a combination of new and ingenious structures, which connect traditional methods of collateral restructuring and payment schedule, securities issuance structuring based on portfolio and critical assets; with the creation of different trust funds over assets, such as collateral trust funds, among others.
Likewise, our wide experience in this sector allows us to advise on structuring operations never seen before in the local market, which, therefore, require special dedication and knowledge.