On September 18, Supreme Decree No. 017-2000-EM was published in 'El Peruano' approving the regulations applicable to the 'Commercialisation of Electricity within a Non Regulated Rate System'.
On September 15, as part of Peru's ongoing privatisation process, the government called an international public bid (which was publicly released on September 18) for the transfer of the mining concession of La Granja to a new investor.
Decision 486 was approved and published in the Official Gazette in Lima, Perú on September 14, 2000. This new intellectual property system will replace the regulations contained in Decision 344 of the Cartagena Agreement Commission.
Law 27,343 published on September 6, 2000 establishes that contracts executed under the Organic Law on Oil, (No. 26,621), as well as contracts providing guarantees and rules for the promotion of mining investments, may only include tax stability benefits in respect of current taxes (excluding fees and contributions).
August 30 saw the resignation of Ms Beatriz Boza from her post as the president of the Peruvian National Institute for the Defence of Competition and the Protection of Intellectual Property (Indecopi).
Cecilia Blume, specialising in energy, oil and gas; concessions and privatisations became a partner of the firm as of August 7, 2000.
The Andean Community countries (Colombia, Venezuela, Ecuador, Peru and Bolivia) are about to replace their common regime on industrial property with a new, purportedly TRIPS-compliant decision.
The share swap plan, announced in January, involves an offering of a quarter of the companies' value and will consolidate Telefónica's presence in Latin America.
Law No. 27269, published on May 28, 2000 in the official gazette came into force the following day.
The public offering by Unión de Cervecerías Peruanas Backus & Johnston SAA (Backus) of Cervecería del Sur del Perú SAA (Cervesur) closed on May 26, 2000.