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.
Teresa Tovar is a partner in Baker McKenzie in Lima Peru. Her practice focuses on the area of antitrust and competition, consumer protection, advertising and promotions, and market access. She has worked with various pension funds and clients in the cosmetics, food and beverage, electronics manufacturing and commercial sectors, and advised transport infrastructure companies on free competition and access to essential facilities, especially in the airport industry. On regards with the application of regulatory framework on public transportation infrastructure and telecommunications, she's always there to give counsels and as well as on conducting data privacy projects. Aside from that, Ms. Tovar also works with national and foreign credit agencies on issues related to personal information protection.