From Tuesday, February 06th to Monday, February 12th, 2018
The Ministry of Economy and Finance confirmed the proposal to use a trust to guarantee the continuity of the investment projects executed by construction companies under corruption investigation
Considering that next February 14th the term of Emergency Decree N ° 003-2017 expires, which approved several measures to avoid transfers of companies linked to corruption cases, as well as to guarantee the payment of the corresponding compensation in favor of the Peruvian state, the Ministry of Economy, together with the Ministry of Justice and Human Rights, submitted a law project to the Congress of the Republic, with the purpose of replacing the regulations that will expired.
Within the submitted proposal, the use of the trust scheme is considered to ensure the retention of up to 50% of profits to guarantee the payment of civil compensation. Likewise, the objective of the bill is to provide predictability, in the short term, to the companies investigated regarding the amount of civil compensation, with the purpose of not affecting the financing of the projects or the payments structure of such projects. Finally, among other proposed measures, are the implementation of compliance programs, as well as mechanisms to ensure the payment of future tax obligations.