Specifically, special measures will be established for companies that carry out asset restructuring. This measure is based on the general law of the bankruptcy regime.
After being approved by the plenary session, the law was returned to Parliament by the executive branch for a number of comments. However, the spokesperson’s committee decided to exempt it from the observations made by the Economic and Energy Commission and to submit it to a single ballot that concluded with approval by claim.
The ministry’s communiqué said, “The approved text allows mining companies in unstable economic conditions or bankruptcy to pursue legal arguments that affect public health and do not guarantee environmental protection. , strongly rejected.” “This also encourages companies in this sector to change or incorporate elements in their operations and mine closure plans without environmental approval. You can operate without any warranty.”
Minam also said it was hard to believe the bill was coerced on the Peruvian public, having declared the new law unworkable, along with the National Environmental Certification Service for Sustainable Investment.
“We have asked the Parliament of the Republic to implement this approved standard, which endangers the well-being of the population, the environment and natural resources, as it does not guarantee compliance with environmental regulations that companies are adequately dealing with. We ask them to assess their environmental responsibility,” the statement notes.
