Legal Framework
From The Report: Peru 2019
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This chapter introduces the reader to the different aspects of the legal system in Peru, in partnership with RGB Avocats. It also contains an interview with Ricardo Guevara Bringas, Corporate Lawyer and Partner, RGB Avocats.

Articles from this Chapter

Overview

Stable foundations: An examination of business, investment and property laws
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Peru is governed by a stable legal framework established by the constitution, which was ratified in 1993 and serves as the backbone of the economic model that has sustained the country’s structural reforms over the years. Peru’s principle laws have remained largely the same since the 1990s, although there have been some new regulations introduced in more recent times, including legislation aimed at boosting Peru’s attractiveness as a business and investment destination. Corporate Law Companies…

Analysis

Striking a balance: Officials seek to end corruption while cutting excessive red tape
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Peru has maintained the legal framework adopted by the constitution of 1993, favouring a free market economy designed to promote and attract private investments. Indeed, it is through this framework that Peru has seen almost three decades of uninterrupted economic growth, despite the effects of the global financial crisis of 2008. Fight Againts Corruption Nevertheless, there have been some challenging times as the country’s legal system has been put to the test by recent corruption scandals…

Interview

Attractive framework: Ricardo Guevara Bringas, Corporate Lawyer and Partner, RGB Avocats, on support for foreign and private investment
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Interview:Ricardo Guevara Bringas How widespread is arbitration in the legal system? RICARDO GUEVARA BRINGAS: The World Bank’s “Doing Business 2019” report ranked Peru 70th out of 190 economies in terms of enforcing contracts. Collecting debt takes an average of 426 days, given the excessive time Peruvian courts take to evaluate claims. As such, the use of arbitration to settle business disputes has become widespread and is now common practice in Peru. Public bodies, as well as the…