{"id":12679,"date":"2018-11-19T10:10:59","date_gmt":"2018-11-19T10:10:59","guid":{"rendered":"http:\/\/progresomicrofinanzas.org\/?p=12679\/"},"modified":"2018-12-12T11:06:04","modified_gmt":"2018-12-12T11:06:04","slug":"12679","status":"publish","type":"post","link":"https:\/\/www.fundacionmicrofinanzasbbva.org\/revistaprogreso\/en\/12679\/","title":{"rendered":"Sanctions on corruption in the private sector"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-right\"><a href=\"https:\/\/www.fundacionmicrofinanzasbbva.org\/revistaprogreso\/en\/wp-json\/wp\/v2\/posts\/12679?print=pdf\" class=\"pdfprnt-button pdfprnt-button-pdf\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/www.fundacionmicrofinanzasbbva.org\/revistaprogreso\/wp-content\/plugins\/pdf-print\/images\/pdf.png\" alt=\"image_pdf\" title=\"View PDF\" \/><\/a><a href=\"https:\/\/www.fundacionmicrofinanzasbbva.org\/revistaprogreso\/en\/wp-json\/wp\/v2\/posts\/12679?print=print\" class=\"pdfprnt-button pdfprnt-button-print\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/www.fundacionmicrofinanzasbbva.org\/revistaprogreso\/wp-content\/plugins\/pdf-print\/images\/print.png\" alt=\"image_print\" title=\"Print Content\" \/><\/a><\/div><p><span style=\"font-weight: 400;\">The Peruvian government has published Legislative Decree 1385, imposing criminal sanctions on acts of corruption affecting normal commercial relations and fair competition between companies.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In articles 241-A and 241-B, the Decree makes provisions for the penalties to be imposed in cases of corruption in the private sector. Specifically, they apply to those parties*<\/span><span style=\"font-weight: 400;\">\u00a0that directly or indirectly accept, receive or demand any kind of wrongful donation, promise or other advantage or benefit of any kind, whether for themselves or for a third party, to carry out or refrain from carrying out an action that favors another party in the acquisition or marketing of goods or merchandise, in the hiring of commercial services and in commercial relations. The provision above also applies in the event of these types of action being taken with the intent of harming the legal person.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For the situations described above, the parties will be given custodial sentences of up to four years and professional disbarment, pursuant to paragraph 4, article 36, of the Penal Code.<\/span><\/p>\n<div class=\"note\">\n<p><span style=\"font-weight: 400;\">* P<\/span><span style=\"font-weight: 400;\">artner, shareholder, senior manager, board member, director, legal representative, proxy, employee or adviser to a legal person under private law, non-governmental organization, association, foundation, committee, including unregistered entities and irregular companies<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Peruvian government has published Legislative Decree 1385, imposing criminal sanctions on acts of corruption affecting normal commercial relations and fair competition between companies. In articles 241-A and 241-B, the Decree makes provisions for the penalties to be imposed in cases of corruption in the private sector. Specifically, they apply to those parties*\u00a0that directly or [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":12677,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"tags":[3910,3909,3911,1959,2225,640,3908,3907,449],"class_list":["post-12679","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-corruption","tag-criminal-code","tag-felony","tag-legal-persons","tag-partners","tag-peru-en-2","tag-sanction","tag-sanctions","tag-shareholders","numero-17-en","seccion-published-and-draft-legislation-corporate-governance","pais-peru-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sanctions on corruption in the private sector<\/title>\n<meta name=\"description\" content=\"Amendments to the Penal Code imposing criminal sanctions on acts of 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