Peruvian Unfair Competition Law

On June 26, 2008 the Peruvian government enacted Legislative Decree 1044 , Unfair Competition Law (hereinafter, the UCL). The UCL unifies in one single normative body the regulation on unfair competition and commercial advertising: (i) Law Decree 26122 - Unfair Competition Law and; (ii) Legislative Decree 691- Regulations regarding Commercial Advertising. This change has been positive because in the past these two Laws have been in conflict due to the almost identical nature of the acts involved in unfair competition and unfair advertising practices (for example, acts of deceit, denigration, among others).

The UCL comprises the most relevant criteria and interpretations of mandatory precedents issued by the Competition Defense Court in the last 15 years.