Estudio Echecopar, member firm of Baker McKenzie International, acted as legal counsel to Scotiabank Perú S.A.A., as arranger, in connection with the public offering of Series C - First Issuance´s negotiable certificates of deposit under its Banco Falabella Perú S.A.´s Sixth Negotiable Certificates of Deposit Program - First Issuance for an agrregate principal amount of PEN70 million (approximately US$17.46 million). The demand for the securities 3.9 times the issued amount.

Partner Alonso Miranda and senior associate Renzo Luna advised Scotiabank Perú S.A.A. throughout the process.