Regulatory Alerts2011-11-09
Added · Updated
Law No. 27588 Establishing Prohibitions and Incompatibilities for Public Officials and State Service Providers
Law No. 27588 imposes confidentiality obligations on public officials and state service providers, prohibiting the disclosure or use of privileged information for personal or third-party benefit. It establishes specific impediments for these individuals regarding private companies within their sphere of influence, including bans on employment, directorships, share acquisitions, and legal representation in disputes with their former state agencies for one year after leaving office. Violations result in disqualification from state service and financial penalties equal to total remuneration received, with oversight enforced by the Comptroller General of the Republic.
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