Law No. 31112 (“Law”), which establishes the prior control of corporate concentration operations and a regime of prior approval by INDECOPI of certain acts of corporate concentration, will enter into force on 14 June 2021
The Law that establishes the new merger control regime, which regulates the prior control of business concentration operations, will enter into force as of 14 June 2021.
On 7 January 2021, Peru´s new merger control law was published. The law underwent minor amendments and will replace the Emergency decree from November, and is expected to enter into force around 23 February 2021. The law remains predominantly the same, keeping many of the previous provisions, including thresholds, phases of the procedure, and deadlines for evaluating the concentration act, evaluation criteria, among others. Please refer to our client alert on the Emergency Decree, with details on of the main aspects of the merger control law.