By Orlando Cabrera (February 5, 2020, 3:21 PM EST) -- On Jan. 24, Peru issued Emergency Decree 020-2020, amending the Peruvian lex arbitri, Legislative Decree 1071, regarding arbitrations where the state is a party. The Peruvian lex arbitri governs national and international arbitrations seated in Peru.
In Latin America, Peru is perhaps the most developed jurisdiction in arbitration matters. In part, this may be due to the Public Procurement Law that requires that all disputes arising out of government contracts must be settled with arbitration.
Even though the Peruvian lex arbitri adopted the United Nations Commission on International Trade Law, or UNCITRAL,Model Law on International Commercial Arbitration, the Peruvian government expressed concern...
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