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Landmark sovereign bond issuance by the Republic of Peru recognized as one of IFLR1000’s April 2020 Deals of the Month

On May 14, 2020, IFLR1000 recognized the landmark sovereign bond issuance by the Republic of Peru as one of the April 2020 Deals of the Month. In this transaction, Payet, Rey, Cauvi, Pérez Abogados advised Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc. and Santander Investment Securities Inc. as Underwriters,…

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Law N° 31557, Which Regulates the Exploitation of Remote Sports Games, is Modified to Clarify Concepts and Its Scope

On June 28, Law N° 31806, that modifies Law N°31557 (a law that regulates the exploitation of remote games and remote sports betting), was modified to clarify the concepts and scope of said legal framework. It should be noted that Law N° 31557 has not yet entered into force, because the Ministry of Foreign Trade…

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Law passed that limits interest rates to be charged by financial institutions

Law No. 31143 (the “Law”), a law which protects consumers of financial services from usury and has set forth maximum interest rates that financial entities can charge, was published in the Official Gazette on March 18th, 2021. The Law has amended Articles 6 and 11 of Law No. 28587, the Complementary Law to the Consumer…

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