July 02 2001
The Commerce Registry is an organization with national jurisdiction. Its role is to regulate and guarantee the exercise of commerce. Supreme Decree 25,960 dictates that the registry must hand over the administration of its main functions to a private entity by way of public bidding in a concession process.
The pertinent functions are:
The registry will remain under the supervision of its national director. One function that the registry will maintain is the right to impose sanctions upon any person or entity that (i) engages in commercial activities without the aforementioned registration or (ii) does not register acts of commerce, contracts and commercial documents.
For further information on this topic please contact Ricardo Indacochea at Indocochea & Asociados, Abogados by telephone (+591 3535 3456) or by fax (+591 358 1200) or by e-mail (email@example.com).
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