New immigration restrictions in Peru

Supreme Decree No. 011-2024-IN introduces amendments to the Regulations of Legislative Decree No. 1350, which governs immigration matters in Peru. The main regulatory changes are highlighted below: 1. Regarding the Identification of Foreigners. The Unique Foreigner Identification Code (CUE) is created, a number assigned [...]

By | 2024-10-25T10:30:18-05:00 10/24/2024 | Newsletter |

Contracts in favor of the Directors of the Company

Article 179 of the General Companies Law (hereinafter, the "LGS") regulates the possibility of a company entering into contracts with its directors. This provision is very important because it regulates the circumstances under which a company may enter into contracts with its own directors, taking into account that the Board of Directors [...]

By | 2024-10-24T14:47:06-05:00 10/14/2024 | Newsletter |

Advance of Dividends

General Rule on Dividend Distribution: Article 40 of the General Companies Law (hereinafter, the "LGS") states that the distribution of profits can only be made on the basis of the Company's Financial Statements prepared (i) at the end of a given period or (ii) on the date of [...]

By | 2024-10-10T15:08:23-05:00 10/10/2024 | Newsletter |