Regulatory Alerts2023-11-23
Added · Updated
Law on the Prevention and Mitigation of Conflicts of Interest in the Access and Exit of Public Service Personnel
Law No. 31564 establishes obligations and impediments for public and private sector subjects to prevent and mitigate conflicts of interest during and after their employment or contractual relationships with public entities. It prohibits public officials from working for, holding shares in, or advising private companies they regulated, and bars former private sector executives from influencing public decisions regarding their former employers for up to three years. Violations result in disciplinary sanctions, including a five-year ban on contracting with the State, and require the publication of mandatory sworn declarations of prohibitions and incompatibilities.
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