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A. LEGISLATION AND RULES A.1 Legislation International arbitration in Peru continues to be governed by Legislative Decree No. 1071 of 2008, based on the UNCITRAL Model Law; Urgency Decree No. 020-2020, which modified some articles of Legislative Decree No. 1071 related to arbitrations where the Republic of Peru (“State”) is a party; and the New York Convention. A.2 Institutions, rules and infrastructure Since last year’s Yearbook, there have not been many developments in the most…

PERU Ana María Arrarte, María del Carmen Tovar, Javier Ferrero and Angela Cámara. A. LEGISLATION AND RULES A.1 Legislation International arbitration in Peru continues to be governed by the Legislative Decree No. 1071 of 2008, based on the UNCITRAL Model Law (the 1985 Model Law with its amendments in 2006), the Urgency Decree No. 020-2020 which modified some articles of the Legislative Decree No. 1071 related to arbitrations where the Republic of Peru (“State”) is…

Agreement has been reached on the long-awaited Trans-Pacific Partnership (TPP). The TPP is a free trade agreement between 12 Pacific Rim nations, including Australia, Japan, Malaysia, New Zealand, Singapore and the United States, which represent around 40% of global GDP and one third of world trade. The text of the TPP is still being finalised by the TPP States and is not yet available. Reports indicate that the TPP includes an Investment Chapter with a…

Important companies headquartered in Peru are nowadays investing in countries of the Pacific Alliance. This is the case of Alicorp and the Gloria Group in Colombia; Brescia Group in Chile; Belcorp in Colombia, Mexico and Chile, as well as Ajegroup in Mexico and Colombia. Likewise, several Chilean, Colombian and Mexican companies are investing in other member countries. Hence Peru, Chile, Colombia and Mexico not only currently receive foreign investment, but also export investment towards other…