Prosac’s PPE acquisition for Talara Refinery. Our firm advised Prosac—a product and equipment distributor in Peru—on a matter involving a contract for the acquisition of personal protective equipment for the Talara Refinery, entered into with Petroleos del Perú (Petroperú).
Addressing Petroperú’s contractual non-compliance: In this case, the public entity failed to fulfil its obligations regarding the payment due under the contract. Our firm notified Petroperú that its non-compliance could result in the failure to meet other outstanding obligations.
Legal implications of delivery suspension: This case was significant as it examined the payment defaults incurred by Petroperú and the possibility of suspending the remaining deliveries based on the applicable Peruvian contractual regulations. This situation was particularly complex given the current economic circumstances faced by the public entity.
Latest development: Our advisory service enabled Petroperú to proceed with fulfilling its obligations, ensuring the continuation of the contract’s execution by Prosac.
