The following Competition guidance note Produced in partnership with Payet, Rey, Cauvi, Perez Abogados provides comprehensive and up to date legal information covering:
A conversation with Carlos A. Patrón, partner at Peruvian law firm Payet, Rey, Cauvi, Pérez Abogados, on key issues on merger control in Peru.
NOTE–to see whether notification thresholds in Peru and throughout the world are met, see Where to Notify.
On 19 November 2019, the Peruvian Government enacted a new mandatory and suspensory clearance regime (Urgency Decree No 13-2019, Merger Control Law - MCL).
Previously, Peruvian legislation only imposed mandatory pre-notification and clearance requirements for vertical or horizontal concentrations occurring in the fields of electricity generation, transmission or distribution (Law No 26876, the Antitrust and Anti-oligopoly Law for the Electricity Sector, the AAL). The AAL will be abrogated once the MCL is in force.
There will be a nine months vacatio legis before the MCL takes legal effect. Concentrations occurring prior to said date will not be subject to administrative authorisations, except for vertical or horizontal concentrations occurring in electricity market that will continue under the AAL until the new statute comes into force. The MCL will be in force for a period of five years, unless it’s made permanent by the Peruvian Congress.
INDECOPI, Peru’s multipurpose market overseer, consolidates all
**excludes LexisPSL Practice Compliance, Practice Management and Risk and Compliance. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Take a free trial
Take a free trial
0330 161 1234