Maria del Carmen Tovar

  • Biography

    Maria del Carmen Tovar has participated in the process to promote private investment in companies and concessions both as counsel to the government and to bidders. She is recognized for her extensive knowledge of processes and contracts involving the State. She regularly acts as counsel in national and international arbitrations related to investments and public services and public works.

    Practice focus

    Maria del Carmen has practical experience in concession agreements, government contracts and public service regulations. She has participated in processes for the promotion of company investments and concessions, representing both the state and bidders. Maria del Carmen regularly acts as an arbitration lawyer in relation to investment claims, public services, and construction agreements.


  • Experience

    • Advised Republic of Peru. One of the largest investment arbitrations that Peru has dealt with. First arbitration under the Investment Chapter of the Peru – United States Free Trade Agreement. The case is related with the operations of Doe Run Peru´s Metallurgical Complex at La Oroya, in Peru and environmental matters. On July 15, 2016, the Tribunal issued a partial award rejecting all of Claimant´s claims for lack of jurisdiction since Renco presented an invalid waiver under Investment Chapter of the Peru – US FTA. Then, on November 9, 2016 the Tribunal issued a Final Award on costs.
    • Advised Republic of Peru. ICSID arbitration under the Peru – United Kingdom BIT related to the South Pier Concession Contract (South Pier) and alleged unfair competition with the North Pier Concession Contract (North Pier) of the Callao Port. Claimants´ claim breach of fair and equitable treatment, discrimination and indirect expropriation for not been able to participate in the North Pier public tender for competition reasons.
    • Advised the Ministry of Energy and Mines in the first international investment dispute against the Republic of Peru that has been settled during the amicable settlement period –before the initiation of the international investment arbitration before the International Centre for Settlement of Investment Disputes (ICSID)–. It must be highlighted that the execution of this settlement by the Ministry of Energy and Mines, required the approval of the Ministry of Economic and Finance and the President of the Minister´s Counsel. This matter sets a precedent regarding the Peruvian Government willingness to solve controversies using settlements before arbitrations.
    • Advised Amazonas Energia S.A.C, an SPV formed by Construtora Andrade Gutierrez, in the development of the Lorena Hydroelectric Power Project in the Marañon river. It is estimated that the capacity of the project will exceed 400 MW –after some adjustments in the project development stage.
    • Issued a legal opinion on the interpretation of the BOOT Concession Agreement, executed by REP and the Ministry of Energy and Mines, regarding a controversy about the technical specifications of the isolators used to build both Transmission Line 500 KV Mantaro–Marcona–Socabaya–Montalvo and Transmission Line 220 kV Friaspata– Mollespata, two of the most important transmission lines part of the Peruvian Guaranteed Transmission System (trunk transmission system).
    • Advised Construtora Andrade Gutierrez, in the project to develop an important hydroelectric power plant in the Marañon River.
    • Advised IBT Group in the development and implementation of several greenfield hydroelectric power plants in Peruvian highlands, after IBT were granted Renewable Energy Concessions.
    • Advising BTG Pactual on the financing of "Proyecto Eten" one of the first cold reserve generation plants in Peru.
  • Publications

    • Co–author of the book, Derecho Internacional Privado (Private International Law), which received a prize from the Bustamante de la Fuente Foundation in 1987.
    • Maria del Carmen has published several articles on matters of her specialty and has participated as speaker or panelist in seminars and forums.


  • Industries

    • Energy, Mining & Infrastructure - EMI
    • Industrials, Manufacturing & Transportation


    • Pontificia Universidad Catolica del Peru, Master Degree with Mention in Economic International Law, Lima, 2003.
    • Universidad de Salamanca, Diploma in Corporate Counseling, Salamanca, Spain, 1996.
    • Universidad Complutense de Madrid, Diploma in Advised Companies, Madrid, 1985.
    • Pontificia Universidad Catolica del Peru, Law Degree, Lima, 1984.


    • Lima Bar Association, 1985.


    • Sociedad Peruana de Derecho de la Construccion.
  • Additional Information


    • Partner at Estudio Echecopar since 2000.
    • Partner of Estudio de Abogados Tovar, Dammert, Silva Santisteban, 1984 – 2000.

    Teaching experience

    • She serves as Head Professor in several Specialization Courses in Construction Law and Arbitration as well as in Investment Law.
    • Professor of Electricity at Pontificia Universidad Catolica del Peru.
    • She has been lecturer of Private International Law (Private International Relations) at several universities. She was head of this course at Universidad Catolica, Universidad de Lima, and Academia Diplomatica del Peru.