The coming months will likely see significant changes and challenges for companies operating in Peru. In this article, we take a concise look at recent developments in the legal frameworks affecting antitrust, consumer protection and data protection.
Antitrust: new rules for business concentrations
Peru’s Law No. 31112, establishing the regime of prior control of business concentration operations[1] in Peru, and its regulation, entered into force on June 14, 2021. This Law creates a prior control procedure – to be overseen by the national consumer protection authority, Indecopi[2] – regarding business control operations, in order to ensure competition and economic efficiency in the marketplace for the welfare of consumers.
To be subject to the prior control procedure, a business concentration operation must fall within both of the following thresholds:
