Saam Towage Perú S.A.C.; Saam S.A. 

Port exclusivity and equal access guarantee. Olaechea is advising SAAM Towage and Saam on the analysis and strategies to be followed due to the identification of the granting of an exclusivity given to the company that has the ownership of the administration of the port of Chancay, which is being built in that city in Peru. Irregularities in granting exclusivity to competitor: We elaborated a rigorous analysis and legal opinion related to the illegalities detected in the resolution that grants such exclusivity to the referred company and that absolutely closes the relevant market of the area of Chancay. Consultation with APN on market exclusivity and defence against foreclosure: Likewise, we have been preparing letters to consult the National Port Authority (APN) on this exclusivity and preparing the client’s defence against the market closure to allow it access and entry as an intermediate user when the port is ready. Largest towage operator in Americas: SAAM Towage Perú is a subsidiary of SAAM Towage, the largest towage operator in the Americas, which operates in 13 countries and servicing more than 37,000 vessels a year. Latest development: Our firm continues to assist the client,

Matter value – include currency and amount in figures :

Net profit from operations for the nine months ending in September 2024: USD 43 million

Is this a cross-border matter? If yes, please indicate the jurisdictions involved :

No

Lead partner :

Martin Serkovic 

Other team members :

Lucia Luna; Celia Izquierdo

Other firms advising on the matter and their role(s) :

No

Date of completion or current status :

Ongoing