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For all current and potential investors in a country, understanding the legislation, the system, the guarantees and other nuances of local regulations is important, especially as the legal framework is constantly evolving. This is why Estudio Echecopar, member firm of Baker & McKenzie International, has put together Doing Business in Peru 2022, a handbook that offers find useful and current information related to the legal framework that every investor must take into account to operate in the country.

The topics covered in this guide range from the promotion of private investment and tax regimes, to the general framework of the most important sectors in the country. The guide also touches on topics related to compliance and anti-bribery, public procurement, and health regulations, among others. We have also incorporated in this edition a section dedicated to data privacy.



Juan Carlos de los Heros is the managing partner of Estudio Echecopar and Chair of Latin America Capital Markets Steering Committee. He focuses mainly in the areas of banking and finance, and infrastructure. He has been listed in International Who's Who of Professionals, Chambers & Partners Latin America and Legal 500 as a leading lawyer in project finance. Prior to joining the Firm, Juan Carlos was an international lawyer in the global project finance group of an American law firm.


Luis Alonso Garcia has more than 25 years of experience practicing in intellectual property law. Mr. Garcia has been vice minister of Foreign Trade in Peru. He was in charge of the negotiation of intellectual property in the free trade agreement between Peru and the United States. He has successfully led the offices for Peru’s trademarks and patents and has chaired the Court for Intellectual Property in INDECOPI. Mr. Garcia is also an intellectual property lecturer in different universities in Peru.
Estudio Echecopar is a member firm of Baker & McKenzie International, a Swiss Verein


Solid background in M&A, Private Equity and Corporate law. Liliana Espinosa is a best-in-class lawyer who has led many domestic and cross border acquisition transactions and sale of companies and assets including private and public M&A and PE deals, mergers, spin-offs, and other sophisticated structures, in different industries such as energy, infrastructure, financial institutions, telecommunications, retail, education, agribusiness, fishery, pharma, among others. She worked at O'Melveny & Myers, achieving wide experience and been exposed to sophisticated transactions in multiple jurisdictions. Liliana is the head of Corporate/M&A in the Lima office and serves as member of the Latin America M&A/PE Steering Committee of the Firm. About Liliana, Chambers & Partners states that she is highly regarded by clients and praise her: "She was absolutely fantastic on the deal," while underlining her "professionalism, availability, swiftness and accuracy of advice." Other sources portray her as "brilliant in her specialism, with an incredible capacity for work." They additionally appreciate her personal involvement in matters, as well as her responsiveness. Liliana is recognized for her people skills and is highlighted as being talented, intelligent and a pleasure to work with. About her work, Latin Lawyer (LL250) has stated that she is "known for her determination, intelligence and hard work". A client highlights "her great M&A experience, which has helped the client’s company anticipate potential issues and solve them with well-considered proposals". A private equity client said that, "it's a privilege to have her represent you in M&A deals", adding that her positive attitude helped his company get positive results from a complicated negotiation. Liliana is undoubtedly the highest ranked female M&A lawyer in Peru in all reputable legal rankings.

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