Lima
Latin American Viewpoints - November 2020
We are pleased to share our first issue of Latin American Viewpoints. We provide a complete-picture insight on key new legislation, covering analysis of new developments, trends and viewpoints across the region, from every angle of business law.
NPLs: Portfolio deals will increase due to COVID-19
In the wave of the COVID-19 pandemic, there has been a significant increase in debt held by both consumers and companies. Over the coming years, we expect to see a large number of debt and distressed asset deals. In this viewpoint, Garrigues…
Pension and retirement funds in Latin America: new and existing rules
Pension fund regulations may be an incentive or deterrent when considering establishing operations in a country. This is why it is important to understand the new rules and situation of current legislation on the subject in various jurisdictions.…
How are indirect sales of companies taxed in Latin American countries?
The taxation of the so-called “indirect sales” is a huge challenge for companies operating in more than one country.
The effects of COVID-19 on international arbitration in Latin America
International arbitrations are not associated with any particular jurisdiction, and in Latin America and elsewhere, most arbitral institutions keep handling arbitral proceedings and enabling them to continue, despite COVID-19, by using available…
COVID-19: Tax measures implemented by the Peruvian Government in response to the health crisis
In the context of the current health crisis generated by the spread of COVID-19, the Peruvian Government has issued several fiscal measures, mainly aimed at providing a flexible regulatory scheme for the fulfilment of tax obligations and the…
Impact of the reform of the Peruvian Arbitration Law following the Odebrecht case
The Peruvian Government has amended its Peruvian Arbitration Law due to the pressure of the Odebrecht case. We analyse, from a critical perspective, the impact and consequences of these amendments brought by the Urgency Decree No. 020-2020.
COP25: A Latin American summit... held in Madrid
Madrid is currently hosting COP25, the Conference of the Parties to the UN Convention on Climate Change (UNFCCC). Yet this climate conference is closely associated with Latin America: Brazil was the original host for the summit, but those plans were…
Peru approves new merger control regime
On November 19, 2019, the new merger control regime was published in the Peruvian Official Gazette by means of an Urgency Decree. It mostly includes the same provisions set forth in the legislative text (Bill) that was approved by the Congress…
Transfer pricing: here’s what the rules in Latin America look like
Here is a summary of the transfer pricing rules in Brazil, Chile, Colombia, Mexico and Peru.
Peru dictates measures to reactivate nationally paralyzed public works
The past October 31, the Urgency Decree N° 008-2019 was published, which, with a validity period of 1 year, provided certain measures in order to guarantee the continuity of nationally paralyzed public works. These provisions sought the…
The Peruvian Tax Administration (SUNAT) published a resolution that establishes the procedure, deadlines and conditions for submitting the Ultimate Beneficiary Informative Return
Legislative Decree No. 1372, whose regulation was approved through Supreme Decree No. 003-2019-EF, established that legal persons and legal arrangements have the obligation to inform SUNAT about the identity of their ultimate beneficiaries.…