Main Developments in Competition Law and Policy 2024 – Peru
In comparison to the year prior, 2024 may have seemed a quiet time for Peruvian competition law, but it was not without important developments. Heralded worldwide as the “year of elections,” 2024 brought changes to the Peruvian competition agency (the National Institute for the Defense of Competition and the Protection of Intellectual Property, or INDECOPI, after its Spanish acronym). Karin Cáceres, originally appointed to replace Julián Palacín as the institution’s president in 2023, resigned in April. Appointed in her place was Alberto Villanueva Eslava, a former member and president of the INDECOPI Court’s Specialized Chamber for Bankruptcy Proceedings. Villanueva has a more technical profile and more extensive knowledge of the institution, and his appointment was welcomed by several specialists.