Marco Alarcon

  • Biography

    Marco Alarcon is a partner at Estudio Echecopar and focuses in the practice areas of Banking and Finance, Projects and Real Estate.

    According to Chambers & Partners, clients say, "he stands out for being a hard-working lawyer; he is very meticulous and detail-oriented and has made a strong impact on interviewees," while Latin Lawyer says "he is very client-oriented with a bright mind and an ability to interact and negotiate with banks in a kind and friendly manner, despite the pressure of closings."

    London-based International Law Office recognized Marco for the Client Choice Awards in the Banking category in 2012 and General Corporate for Peru in 2013. The award recognizes the excellent service given to clients, as well as the ability to add real value to clients.

    Practice focus

    Marco has extensive experience in local and international financings, as well as in highly complex corporate finance transactions. His experience includes structured finance, syndicated loans, secured transactions, project finance, acquisition financings, liability management, real estate financing and private and public securities issuances, including asset-backed transactions. Advises financial entities, both local and foreign, investment banks (acting as lenders or arrangers), as well as borrower companies from different industries.

  • Experience

    Some of the most relevant transactions in which Marco has participated include:

    • Counsel to Credicorp Capital Servicios Financieros, as arranger, and Banco de Crédito del Perú, as financial lessor, in the financial lease granted to Mall Plaza Inmobiliaria S.A. of PEN 290 million for the building, equipment and start up of the mall center Mall Plaza Comas.
    • Advised Goldman Sachs & Co. in the acquisition of mortgage loan portfolios, as well as, several real estate properties from two major Peruvian banks. The acquisition included the creation of assets-backed trust agreements and the execution of servicing agreements for the administration of the loans and real estate properties.
    • Advised Industrial and Commercial Bank of China Limited, Dubai (DIFC) Branch and ICBC Peru Bank in the mid-term loan agreement granted to Mota-Engil Peru for refinancing of debts. The facility included a pledge agreement over banks accounts, an asset trust, among others.
    • Counsel to Credicorp Capital Servicios Financieros and Banco de Crédito del Perú in the mid-term loan facility for USD 100 million granted to Refinería La Pampilla S.A.A. for the development of projects in Peru.
    • Advised Darby Latin America Private Debt Fund III, L.P. in the loan facility granted to Abengoa Perú and its subsidiary Omega Perú Operación y Mantenimiento for repayment of debts and working capital. The facility included a pledge agreement over shares and bank accounts, and an asset trust.
    • Advised Credicorp Capital Fondo de Inversión Inmobiliario Peru in the structuring and negotiation of an usufruct agreement to be entered with WeWork Peru S.R.L. for a term of 15 years over several floors in a building located in the financial center of Lima.
    • Counsel to Scotiabank Peru and Credicorp Capital, as arrangers, and Banco de Crédito del Perú and Scotiabank Perú, as lenders, in the financing for PEN 150 million granted to Corporación Primax S.A. for the acquisition of the shareholder majority of Corporación Pecsa S.A.
    • Counsel to Banco Santander Peru and Scotiabank Peru in the loan facility granted to Costa del Sol S.A. for the acquisition of Hotel Libertador Arequipa and Hotel Libertador Trujillo owned by Inversiones Nacionales de Turismo S.A. (Grupo Brescia). The facility included a cash flow trust, an asset trust, among other security.
  • Publications

    • "La Hipoteca Inversa”, Gestion Web – Agenda Legal, 2018.
    • “Financing of Investments through Securitization Operations", Revista Capitales (Procapitales), 2011.
    • "Issuance of Leasing Bonds", Gestion, 2011.
    • "Interest Rates, Can They Go Lower?" Legal Supplement of Diario Oficial El Peruano, July, 2005.
    • "Securitization of Assets", Hechos & Derechos Magazine, September, 2004.
    • "Amendment to the Regulations on Securitization of Assets Process: Minimum Capital", Diario Oficial El Peruano, July, 2004.
    • "The Pledge: Towards a greater credit access", Diario Oficial El Peruano, June, 2003.
  • Industries

    • Energy, Mining & Infrastructure - EMI
    • Financial Institutions
    • Private Equity
    • Real Estate


    • Universidad ESAN, Specialization Program in Project Finance, Lima, 2015.
    • Universidad ESAN, Postgraduate Studies in Finance and Corporate Law, Lima, 2003 – 2004.
    • University of Texas at Austin, Master in Law (LL.M.), Austin, Texas, 1997.
    • Pontificia Universidad Catolica del Peru, Law Degree, Lima, 1996.


    • Lima Bar Association, 2006.


    • Member of the Corporate Social Responsibility Committee of the Peruvian–British Chamber of Commerce.
    • AmCham Peru – Legal Affairs Committee.
    • Consulting Commission of Investment, Negotiations and Foreign Trade of the Lima Bar Association, 2003 – 2004.
    • Consulting Commission of Oil Regulations, 2001; and Foreign Trade 2001 – 2002 of the Lima Bar Association.
    • Member of the Monitoring Committee of Santander Administradora de Fondos S.A., 1998 – 2000.
  • Additional Information


    • Partner at Estudio Echecopar since 2009.
    • Associate at Estudio Echecopar, 1996 – 2008.
    • Foreign Associate of Cleary, Gottlieb, Steen & Hamilton, New York, 1997 – 1998.

    Teaching experience

    • Professor of Commercial Law at Pontificia Universidad Catolica del Peru, 2007 – 2009.