Supreme Decree No. 006-2023-JUS has been published in the official gazette El Peruano. It provides that virtual asset service providers are obligated subjects and must report to the Peruvian Financial Intelligence Unit in matters of prevention of money laundering and financing of terrorism.
On 28 May 2023, Legislative Decree No. 1570, which approves the Law of Integral Management of Chemical Substances, was published, with the aim of protecting human health and the environment from the hazards and risks associated with the use of hazardous chemical substances. The law will become effective as of the day following the publication of its regulations, which must be approved by MINAM within a period of no more than one year.
Last 30 May, Supreme Decree No. 006-2023-MINAM was published, whose Fourth Final Complementary Provision establishes that the Single Procedure of the Environmental Certification Process is suspended until 1 January 2025, for all stages, requirements, deadlines and other aspects related to the environmental certification process in charge of SENACE.
On 13 May 2023, Law No. 31740, which amends Law No. 30424 regulating the administrative liability of legal entities, was published in the Official Gazette, El Peruano.
Our latest Antitrust and Competition Handbook is now available. We have developed this guidance as a practical resource for multinationals trying to harmonize their approach to antitrust compliance in different countries in Latin America, as well as for local companies that are bringing their compliance programs up to international standards.
June marks LGBTIQ+ Pride Month. This is a good opportunity for us as companies to reflect on how far we have come in creating inclusive workplaces and to take some action.
On 7 June 2023, Law No. 31775 was published, amending the Criminal Code and the Law for the Repression of Anti-competitive Conduct.
Law No. 31745 has been published, amending Article 11 of Legislative Decree 1107, which regulates the responsibility of the purchaser of mining products to verify the origin of such products, establishing the documents to be requested, as well as the actions to be taken for this purpose.
Artificial intelligence (AI) continues to transform the workplace. Much like in countries across the globe, the benefits of new AI technology are gaining traction in Latin America. However, employers should be aware of its risks, particularly in our regions’ context
The International Trade team of Estudio Echecopar, associated with Baker & McKenzie International, obtained an important decision in favor of several importers of processed food and non-alcoholic beverages, members of the Lima Chamber of Commerce, after the Court for the Defense of Competition and Protection of Intellectual Property ratified that the prohibition on the use of octagon adhesives in imported processed food constitutes a non-tariff trade barrier.