Muñiz, Olaya, Meléndez, Castro, Ono & Herrera Abogados

China Yangtze Power completes acquisition of Peru's Luz del Sur

Muñiz, Olaya, Meléndez, Castro, Ono & Herrera (“Estudio Muñiz”) acted as Peruvian counsel to China Yangtze Power Co. (“CYPC”), China’s largest publicly listed power company, in the US$ 3.59 billion closing of the acquisition of Luz del Sur

The Peruvian authority of the free competition approved the acquisition of Luz del Sur by Yangtze Po

CYPI, advised by Estudio Muñiz, requested the authorization of Indecopi on October 0219 because the transacction exceed the thereshold set by the Peruvian law for the acquisitions carried out at the power industry. This is the largest deal closed in this industry in Peru in all history.

Sergio Oquendo joins our firm

Sergio Oquendo Heraud joins Muñiz, Olaya, Meléndez, Castro, Ono & Herrera Abogados as a senior partner and director of the Finance, Capital Markets and Banking Practice Group.

Indecopi files investigation on possible corn subsidies

Estudio Muñiz represented the U.S. Grains Council, the most important yellow corn association in the United States, in the investigation carried out by Indecopi to impose countervailing duties on imports of hard yellow corn from the United States.

Muñiz, Olaya, Meléndez, Castro, Ono & Herrera promotes three new principal partners

Muñiz, Olaya, Meléndez, Castro, Ono & Herrera Abogados recently promoted three partners, Marta Fernández Pepper, Eduardo González Espinoza and Andrés Kuan-Veng Cabrejo, to principal partners, so there are now nine name partners in the firm.

Chilean steel producer Cintac buys into Peruvian group

Estudio Muñiz helped Calaminon, a well known provider of construction materials, in the sale of a stake (70%) to Steel Building S.A.C. , a subsidiary of Cintac, a Chilean company leader in the construction sector

Muñiz helps Compartamos Financiera issue inaugural bonds

Muñiz, Olaya, Meléndez, Castro, Ono & Herrera has advised microfinance provider Compartamos Financiera and its arranger BBVA Banco Continental on the bank’s first-ever corporate bond issuance.

Pre-existing conditions in health insurance

The right to continuity of care when pre-existing conditions exist does not contemplate the possibility of shifting from the insurance system to a health care provider (EPS) or vice versa

E-health: the use of information and communication technology (ICT) in the health field

This article contains a general overview of the possibilities afforded by technology available on the Internet as far as health is concerned. The combination of these three elements, technology-Internet-Health, has resulted in a number of e-terms being coined, like e-health or cybermedicine.

Ashmore and Steve Dixon buy participating interest held by Graña y Montero in Stracon GyM

Stracon S.A.C., a Special Purpose Vehicle (SPV), composed of Ashmore Group and Steve Dixon, bought the 87,59 % participating interest held by the Graña y Montero group (GyM S.A.) in Stracon GyM S.A., a Peruvian mining contractor, for USD 76,82 million

Silvestre Perú and Neoagrum secured a USD 30 million loan facility

Agrochemical manufacturers Silvestre Perú S.A.C. and Neoagrum S.A.C. secured a USD 30 million loan facility

Grupo Familia strengthens its presence in Peru and Bolivia following the purchase of Sancela

Colombian consumer good company Grupo Familia -engaged in the manufacture of cleaning and personal care and hygiene products – bought 50 % of the shares of Productos Sancela in Peru and Bolivia for USD 37,8 million in order to take full control of the South American corporation.

CIFI grants loan for the construction of the Santa Lorenza hydropower plant

Corporación Interamericana para el Financiamiento de Infraestructura (CIFI) granted a 2-year USD 10 million loan to Empresa de Generación Eléctrica Santa Lorenza S.A.C., owner of the concession for the development of the 18.7 MW Santa Lorenza hydropower plant located in the region of Huanuco

Mosaic completed acquisition of Vale Fertilizantes

The Mosaic Company closed the purchase of Vale Fertilizantes from the Brazilian mining company Vale S.A. The negotiation, which began in 2016, involved a USD 2.5 billion deal which additionally included the indirect purchase of 40% of the capital stock of Compañía Minera Miski Mayo S.R.L. in Peru.

Pesquera Centinela buys Inversiones Scherma in Peru

Pesquera Centinela S.A.C. -an affiliate of the Romero Group in Peru- bought Inversiones Scherma S.A.C., owner of the Ernestina fishing vessel and its fishing quota

Muñiz, Ramírez, Pérez-Taiman & Olaya wins ProInversión tender on mine project

ProInversión is Peru's Private Investment Promotion Agency and it ran a tender where the successful bidder will provide legal advice in relation to the award of the Michiquillay copper mine

Muñiz, Ramírez, Pérez-Taiman & Olaya advises Peruana de Inversiones en Energías Renovables

Muñiz, Ramírez, Pérez-Taiman & Olaya helped recently to Peruana de Inversiones en Energías Renovables (PIER) in the sale of the 20 megawatt Manta hydroelectric plant to the Spanish investment companies Bow Power and Stowe Invest

China Three Gorges buys hydro plant from Odebrecht in Peru in a US$ 1.39 billion deal

Muñiz Ramírez Pérez Taiman & Olaya helped a consortium led by state-owned China Three Gorges (CTG) acquire Peru's third-largest hydroelectric plant from Brazilian group Odebrecht in a US$1.39 billion deal.

Muñiz, Ramírez, Pérez-Taiman & Olaya guides fruit purchase

Muñiz, Ramírez, Pérez-Taiman & Olaya helped San Miguel to buy Agrícola Hoja Redonda

Graña y Montero cells its stake in GMD to private equity firm Advent International

Graña y Montero, a leading engineering and construction company, announced that it has closed the sale of its stake in GMD, a subsidiary of the Group specialized in information technology and telecommunications

Muñiz, Ramírez, Pérez-Taiman & Olaya advised Engie

Muñiz, Ramírez, Pérez-Taiman & Olaya advised Engie for two corporate bond offerings on the Peruvian stock market

Muñiz, Ramírez, Pérez-Taiman & Olaya steer property sale

Muñiz, Ramírez, Pérez-Taiman & Olaya helped Compass Group to sell Centro Corporativo Miracorp

Muñiz, Ramírez, Pérez-Taiman & Olaya en multijurisdictional water company loan

Muñiz, Ramírez, Pérez-Taiman & Olaya helped AquaVenture obtain US$150 million in credit

Muñiz, Ramírez, Pérez-Taiman & Olaya steer mall expansion

Muñiz, Ramírez, Pérez-Taiman & Olaya helped realtor Andina to lease one of its properties

Reflections on the formalization process for informal miners to comply with the D.L. Nº 1105

This article briefly describes the process and requirements for the formalization of smallscale and artisan miners.

Taxation and effective judicial protection

The Political Constitution of Peru provides that judicial protection is a fundamental right and that all individuals and legal entities are entitled to refer their conflicts to the Judiciary

Supreme Court supports outsourcing

A resolution issued by the Supreme Court overruled a people's action brought by a union against the Labor Ministry to challenge several articles of the Regulations under the Outsourcing Law

The need to make some changes to the legal rules on tax transparency

In order for a tax system to promote economic efficiency, it must be neutral in order not to impose conditions on the taxpayers’ investment decisions.

Project Finance

Project finance is a project-based financing mechanism

Crowdfunding as an alternative method of funding and existing crowdfunding regulations

Crowdfunding is the practice of having a business idea collectively funded by raising small monetary contributions from a large number of investors, securing the delivery of the final product once the innovative idea is put into practice. A