Merger Control 2026

PERU

Ecuador

Brazil

Peru

Trends and Developments Contributed by: Carlos A. Patrón, David Kuroiwa and Vania Cruz Payet, Rey, Cauvi, Pérez Abogados

Lima

Bolivia

Payet, Rey, Cauvi, Pérez Abogados boasts the longest-established and one of the most highly re - garded competition and antitrust practices among Peru’s full-service law firms. The practice advises on administrative and judicial litigation as well as com - pliance matters. With strategic expansion and an ev - er-growing client base, the practice has consistently secured a leading position both locally and in cross- border cases. The firm has extensive experience in merger control advisory under both the current gen - eral regime and former electricity sector framework,

working closely with its corporate team and global law firms to achieve optimal results for its clients. Its previous experience in merger control, having been one of the few firms to advise clients under the for - mer regime, combined with its strong corporate and competition practices, gives it a distinct competitive advantage over other Peruvian law firms. Recent cli - ents include Medlog S.A., Nexus Films S. de R.L., Fibra Prime, QSI Perú S.A., Terpel Perú, Pacífico Se - guros, Credicorp, Inmobiliaria Alquife (controlled by Algeciras and BSF), among others.

Authors

Carlos A. Patrón is a partner at Payet, Rey, Cauvi, Pérez Abogados, and heads the firm’s competition practice, specialising in antitrust, merger control cases, regulatory law, telecommunications, energy,

Vania Cruz is counsel at Payet, Rey, Cauvi, Pérez Abogados, and specialises in competition law, merger control, economic regulation, and public law. Prior to joining the firm, she was the first Head of the Merger

corporate law and civil law. He has extensive experience in both the analytical and regulatory issues related to Peruvian competition law, covering a wide variety of industries. He has participated in leading antitrust cases, including the most emblematic price-fixing investigations carried out in Peru. He is a member of the Lima Bar Association.

Control Unit at the Commission for the Defense of Free Competition at INDECOPI, where she was responsible for launching Peru’s pre-merger control system for business concentration operations, leading the specialised unit during its critical early years of implementation (2021–2023). She is a member of the Lima Bar Association.

David Kuroiwa is a partner at Payet, Rey, Cauvi, Pérez Abogados, and specialises in competition law, merger control cases, intellectual property, administrative law and commercial law. He has extensive experience in

antitrust investigations and litigation in various industries. Likewise, he has experience in consulting and unfair competition and consumer protection procedures. He is a member of the Lima Bar Association.

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