Juan Luis Avendaño, managing partner at Miranda & Amado, believes BREXIT was a clear setback to Europe, although it is still too early to predict all of its effects.
Leaders League. Do you think the upcoming political landscape will strengthen or weaken Europe as a whole?
Juan Luis Avendaño. It seems to us that this is a clear set back and that Europe is already weakening as a consequence of BREXIT. The immediate effects are being felt in capital markets all over the world and there is a problematic uncertainty as to whether other countries could follow U.K. steps.
Leaders League. From an economic perspective, would you bet more on the continent and treat the U.K. differently from now on?
J. L. A. In terms of our relationships with European law firms, we have always dedicated time and effort to maintain deep relationships with law firms in the U.K., France, Spain, Germany, Netherlands, Italy, etc. Among them, and apart from U.S. firms, U.K. firms are the ones that do more work in Peru and we think that this trend will probably continue.
Leaders League. What measures will you take to protect your clients with their current operations or future investments?
J. L. A. There are a few Peruvian companies with interest in the U.K., specifically in the mining sector. We are already working with them to assess the impact of BREXIT although now it is still too early to fully understand the effects.