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Peruvian lawmakers vote through final merger control law
Peru’s legislative branch has signed off on the country’s long-awaited new merger control regime, providing the final stamp of approval needed for the law to come into force.
Peruvian state bank settles gold mine dispute
A Peruvian state-owned development bank has agreed to pay US$34 million to a Canadian-listed mining company to satisfy a Lima arbitration award and settle a dispute over the financing of a gold project.
Panama escapes bulk of mining fine
An International Centre for Settlement of Investment Disputes (ICSID) tribunal has found Panama liable for the expropriation of a mining concession while awarding the US claimant significantly less than the US$684 million it had sought in damages.
Peru gears up for new merger control regime
Peru’s government has begun a public consultation on a draft regulation clarifying how the competition watchdog will review deals under the country’s long-awaited new merger control regime.
Peru passes arbitration reform in wake of corruption scandal
As the international fallout from the Odebrecht corruption scandal continues, Peru has made several reforms to its arbitration law with the aim of increasing transparency for disputes involving state entities – drawing criticism from practitioners in the region who say the measures are ill-conceived.
Peru's merger control law lacks needed reforms, lawyers complain
Peru’s new merger control legislation is a “positive” change but “lacks the institutional reform required”, local lawyers have said.
Peruvian arbitrators released on appeal
A Peruvian court has overturned pre-trial detention orders against eight arbitrators accused of taking bribes from Brazilian construction company Odebrecht, including one whose arrest prompted outcries from the international arbitration community.
Arbitrators jailed in Peru amid Odebrecht corruption scandal
A Peruvian judge has ordered the pre-trial detention of 14 arbitrators – including one who has sat at International Centre for Settlement of Investment Disputes (ICSID) – while they are investigated for allegedly taking bribes to favour scandal-hit construction company Odebrecht in a series of cases that cost the state more than US$250 million.
Peru publishes first dawn raid guidelines
Peru’s competition authority has published a draft of its first guidelines on dawn raids, following the release of draft guidelines for procedures on compliance and rewards for whistleblowers.
Peru publishes draft compliance and whistleblower guidelines
Peru’s competition authority has released new compliance and rewards draft guidelines, marking the first time a Latin American enforcer has adopted whistleblower guidelines.
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