Regulatory Alerts2011-06-30
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CONASEV Resolution No. 050-2011
CONASEV annuls the sanction imposed on Southern Perú Copper Corporation – Branch of Peru for the late submission of 2007 audited financial statements, ruling that the applicable regulations had changed such that the conduct constituted a failure to meet technical specifications rather than a failure to file, which is a more favorable classification under the principle of non-retroactivity. The resolution declares the administrative remedy exhausted and orders the publication of the decision on the CONASEV portal.
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