New in 2011. More than one respondent for this year’s survey told us this Peruvian firm had been unfairly overlooked in previous editions.
One of the country’s more traditional corporate and banking heavyweights, its international disputes profile rests largely on the reputation of Eduardo Ferrero Costa. A member of the Permanent Court of Arbitration in The Hague since 1997, he’s also served as Peru’s ambassador to the US and its permanent representative at the Organization of American States. Ferrero frequently assists the Peruvian government in international disputes: he’s part of the state’s ICJ delegation in the ongoing maritime boundary dispute with Chile and, with White & Case, helped broker the recent deal with Yale University for the return of Inca artefacts taken from Machu Picchu early last century. The practice group is led by María del Carmen Tovar Gil, while partner Ana María Arrarte is also said to be a rising star. Another member of the team, Alfonso De Los Heros, is a member of the ICSID list of conciliators and arbitrators. The firm has represented the government of Peru in several ICSID matters, often alongside White & Case. In 2008 they won the dismissal of a US$140 million claim by Aguaytia Energy, a subsidiary of Duke Energy.