La actividad empresarial del Estado y la bolsa de valores

AutorReynaldo Antonio Guarniz Izquierdo
Páginas255-268
Reynaldo Antonio Guarniz Izquierdo
%B$#/7156,.//4/-023
255
Revista de Derecho
THEMIS 61
* Abogado. Magíster en Derecho (LL.M) por la Universidad de Columbia. Socio del Estudio Ferrero Abogados.

+',C.+$',-#,0'+."#$
%F5 3$75=75.7A ;5.GG:A.%;$7*
 6
+$0103.0,3=01(1!30%3)#.3=(.=#.3&9,=(%#.3
- +/4 2: 4 ,& + 6
N,&-5 + 3-5&+&H*F(3 0. 4$0,!3
4'E + 6
-/ 5-3' 4-6/E &/  2: 45
$46/- + 6
:4-/-"&/413+4/&H
+ :5/3 4/46- 2: + +&45/  +4
!""(#%0.3 103 )!.3 0=+,0.!.3 +R')("!.3 0%3
$%!3 '#).!3 103 :!)#,0.3 %#3 0.3 )#3 8$03 .$.3
&,1:+4/34 13- 4:$3&3H3 2: +
,3/ :-&/-E 43 &,134&-&+
2: :- -;,3/ 4:"&-5  &/-4
4 53-4- 3$:+3,-5F ,4E
)!3 1(."(+)(%!3 103 =0,"!1#3 R%("!=0%&03
13,&63 13&3 4& + ,134 4
"&-5- 4: :-&0- $-3&0-
:6+&4E 13/ -/ 13,&63 ,&3 4& +
,134 :,1+ ,-3  6
:-&0- 3&453&:6 N;-&/ /)6
8$03.02R%30)3!$,>3+0,=(&038$030)3<.>
433/++6
%'!#$#$% * $' #$
256
Revista de Derecho
THEMIS 61
)M, )%&".-1(()*%
 +:'A &'8 ";
'>J$83%"">@
"$%&* -#-+3.* B%"$%/(2* /(&(3%/%2* %&* 0-/(+*
6'%ICL"@"?I')"%383B'8" 39>8'9':B"%3=:
O"> %<9>'CCL3&"&'%<: class="_ _3"> 8"
%'8'$@"%3=:&'8@"B"&&'3$@'<9'@%3
&-2*C2#%/-2* V),/-2* /(*!'K+,"%5* C)*(&* '%+"-*
&' B"8'A )"%I8B"&'A &'8'1"&"A[ '8 
>@<9I81= I:" A'@3' &' &'%@'B
':&3L'@A"A9"B'@3"Af9I%2"A&''88"AB':4":
$)%*+(&%",.)*4%2#%)#(*&(=%)%@*2,*%"%2-* %&3$)%@*
%<: class="_ _1">%3
8"A ?I' A' ':%I':B@" '8 '%@'B
tsvt[?I'@'1I8"8" "%CL3&"&'9>@'A"@3"8&'8
C2#%/-5
: @'" 83&"&[ 'A  I: >
;$(* () * (2%* )-+' %*
L"%'4, -N@* 8+-8,%'( )#(* /,"< -@* ()* &-* ;$ (*
2(* +(B ,(+(* %* &%* % "#,:,/%/ * ('8+(2%+, %&* /(&*
C2#%/ -5* C)* 3+%) * '(/,/%@ * 2(* #+%#%* / (* $)%*
3+%)* / ("&%+%", .)* /(* 8+, )",8,- 2* 7* 4$()% 2*
,)#() ",-)(2* ; $(* )-* 3() (+%+-)* ), )3$)%*
"-)2( "$()",% * "-)"+(#% 5* Q-* -42#% )#(@*
'8 "@B 4%I8 u &' 8" :< @9" 'AB"$ 8'%3=
$)%* /, 28-2," ,.)* &%+3% '()#(* 8+- 8$(2#%*
8-+* /, :(+2-2* 2 ("#-+(2* % "%/K'," -2* 7*
&-* #-" %)#(* %* &%* (B ,",()", %* ()* &%* %" #,:,/%/*
(2#%#% &O*& %*8- 2,4,&, /%/* /(*; $(*& %2* %"",-)( 2*
+(8+(2 ()#%#,:% 2* /(&* "%8 ,#%&* 2-" ,%&* /(* &% 2*
('8+( 2%2* /(&* C 2#%/-* 2(* ,)2"+,4 %)* ()* (&*
'13AB @ 3% 8'@%"&
B,)%& '()#(@*( )*&%*U-& 2%*/(*S%&-+ (2*/(*I, '%5
I: %I":&
('8+(2%* /(&* C2#%/-* ;$(* 7%* 2(* ()"-)#+%4%*
3:A%@3B" ': '8 '13AB@
&' "8
,)2"+,8",.)* /(* &%2* %"",-)(2* "-'$)(2* /(*
/(* GJEJ* :,)-* %* 2(+* &%* 8+,'(+%* "-)"+(",.)*
L'@&"&'@"&''AB"3:3%3"CL"^
:'8>@'A':B'"@D%I8@<><:1>
8""%CL3&"&'9>@'A"@3"8&'8AB"&>
3:/I':%3"?I''883AB"&L"8
/(* &%2* %"",-)(2* "-'$)(2* /(* &%2* ('8+(2%2*
(2#%#%&(2*8$(/%*#()(+*()*2$*/(2('8(>-5
))M, '(&)0)-'-,#F!"#$'")'+,-#+,#$&'-.,

I%*/K"%/%*/(&*)-:()#%*B$(*$)*8(+,-/-*"&%:(*()*
'8'@J @'A>'%B@'A"@3"8
&'8AB"&@39'@ 1
8":"@%4"[8"%@3A3A'%<: class="_ _1">>'@I":"2"$4"
"8%":P"&
B@'A %3)@"A9"%@
':'8"; 8"A
@'A'@L"A 3:B'@:"%3<:>"4A %"O'@<:>
%8()%2*EFJ*',&&-)(2*/(*/.&%+(2*7*(&*0+-/$"#-*
@IB
2-2#(),/%'()#(*/$+%)#(*"%2,*#-/%*&%*/K"%/%9*
%"O='::3L'8'A&@"9#C%'8";
C&*/(2"()2-* B$(*#%&*;$(* (&*%>-*EFFJ@* (&*
>"4A>@15
0%+%*/%+)-2*$)%*,/(%*/(*&%*'-)2#+$-2,/%/*/(*
'AB"A%3)@"A[ ':8 J8C9 8">'
3:/"%3=:?I'2"'N>'@39':B"&'@J)I'&'
b">':"Acy[z h'A &'%3@[ t[twt L'%'A 9':
?I'': '8"; t||si^A393A9 "8"; ustt
&%2* +(2(+:%2* ,)#(+)%",-)%&(2* %2"()/,(+-)* %*
w{[{ty 9388<: h uxz>
L'%'A9#A ?I'':t||si O'8 @
:B'@:
(&* %>-* EFFJ@* %"$'$&%)/-* "%#-+"(* %>-2* /(*
"+(",',()#-*2-2#(),/-25
: '8 %<:b>
"1'@J"+:'A&'t||s[8"A'9>@'A"A
814&,"%2* =$3%4%)* $)* 8%8(&* '$7* ,'8-+#%)#(5*
V)%*/(*&%2*8+,)",8%&(2*+%A-)(2*8-+*&%2*"$%&(2*(&*
1'@I":8'9':B"@
I:" ><84C%" 1':'@"83P"&" &' %<:b>
8+(",-2* /$+%)#(* &%* /K"%/%* /(* &-2* -"
'@">@'%3A"9':B' ?I' I:" 1@": %":C&"& &'
"%CL3&"&'A '%<:>
8-+*(&* 8+-8,-*C2#%/-* %*#+%:K2*/(* &%2*/,:(+2%2*
'9>@'A"A >J$83%"A ?I' >
"%2-2* (2#%2* ('8+(2%2* 2(* /(2%++-&&%4%)*
()* 2,#$%",.)* /(* '-)-8-&,-5* 0-+* &-* #%)#-@*
%<:b>@'%3
&'%@'B
Reynaldo Antonio Guarniz Izquierdo
%B$#/7156,.//4/-023
257
Revista de Derecho
THEMIS 61
A393A9"@C%3>"%3=: &' 9#A
&' ys ': '8 A3AB'9" +:":%3'@
/(* &%* 4%)"%* (2#%#%&* /(* B-'()#-*7* &%* 4%)"%*
"A'8vx&'8">@
93:'@"[OB':4" I:">"@C%3>"%3=:39>
()*&%*8(2"%@*&%*"-'(+",%&,A%",.)*/(*%&,'()#-2@*
':B@'35
!/('?2@* (&* "-)#+-&* /(* 8+(",-2* ('8$=%4%* %*
&%2* ('8+(2%2* 814&,"%2* %* $)%* 8(+'%)()#(*
A3BI"%3=:&'&(+%3B ?I'["AI L'P[
C2#%/-*%*+(%&,A%+*#+%)2B(+()",%2*8(+,./,"%2*/(*
+("$+2-2*"-)*(&*-4=(#-*/(*(:,#%+*&%*;$,(4+%5*C)*
'8"; t|{|[8"A'9>@'A"A >J$83%"A>'@I":"A
8+-/$=(+-)*8K+/,/%2*8-+*'?2*/(* ',&*',&&-)(2*
/(* /.&%+(25* C&* %>-* 2,3$,()#(@* &%2* 8K+/,/%2*
2$8(+%+-)*&-2* #+(2* ',&* ',&&-)(2* /(* /.&%+(25*
AB"A AI9"A[ &'A&' 8I'1
'8 AB"&
>"@" 'L3B"@?I' 'AB"A '9>@'A"A %<:c:i>
/(#(+,-+?)/-2(5*Q-*,)"&$7(*&%2*,):(+2,-)(2*/(*
"%8,#%&* ;$(* 2-)* 8(+,./,"%'()#(* )("(2%+,%2*
>"@"9 "9>83"@8"A<>'@"%3<:>
/(* $)%* ('8+(2%5* 0%+%* #()(+* $)%* ,/(%* /(*
'AB' J8C9
()* (&* %>-* GJJG* "-)"&$7.* ;$(* /(2/(* (&*
%>-* EFFE*
>@@3L"CP"%3=:A'2"$4":@'13AB@"&
%<9>@<93A
',&&-)(2* /(* /.&%+(25* W%&(2* "-'8+-',2-2*/(*
,):(+2,.)*2-)@* /(2/(*&$(3-@* &-*;$(* (&*C2#%/-*
;$(*/(2('4-&2%+* 8%+%*8-/(+*
%&"%)A%+* &-2* ),:(&(2* /(* '-/(+),A%",.)* 7* /(*
2(+:,",-* ;$(* (&* 8+-8,-* C2#%/-* "-)2,/(+%4%*
" ><84C%" '%<:>
(&* 3-4,(+)-* %8+,2#%* 8+-/$=-* #%&* +("(2,.)* (*
23>'@3:/"%3=: ?I' B@'93A"A A'
':%<:b>8'B"9':B'&'A>@'AC13"&"A^
V)*"&%+-* (=('8&-*/(*(&&-* (2*;$(* %$)*"$%)/-*
$)%* /(* &%2* 8+,)",8%&(2* 8+-'(2%2* /(* !&4(+#-*
I639";" '8'%B"@" 8"A
(&("",-)(2*/(&* %>-*EFFJ*B$(*)-* ,'8&('()#%+*
$)%*+(B-+'%*("-).',"%*2(:(+%*9/()-',)%/%*
(&* L2
39>8'9':B=&3%2" @')':"AI: &4"A
/(28$K2*/(*%2$',/-*(&* 3-4,(+)-^'9'6":B'
()3%>-*(&("#-+%&@* )-* 2.&-* )-* B$(* 8()%&,A%/-*
8-+*&%*-8,),.)*814&,"%*2,)-*;$(*&%*8-8$&%+,/%/*
8+(2,/()",%&*2(* ,)"+('()#.7^  >"@C@ &' 'A'
'-'()#-@*(&* 3-4,(+)-* 8(+$%)-* ,'8&('()#.*
$)%* 2(+,(* /(* +(B-+'%2* ("-).',"%2*
%<9>8'B"9':B'': 84:'"%<: class="_ _3"> '8&':<93:"&
b<:a class="ff5 fs5 ls5 v2">8@*()#+(* &%2*"$%&(2*
8" >@3L"CP"%3=: '@" I: >38"@^ "@" ><:>
': >"8"$@"A &' "@8
'%<:>@39'@ >'@3
&' 8$'@B
'%<:>
2()",&&-O* ;$K* "-2%*
5
3$3':8">@3L"CP"%3=:A'&3A%IC=D93&"9':B'
()* %;$(&&-2* %>-2@* &%* -8,),.)* 814&,"%* 7* (&*
9I:&<84C%"@'%4": 'AB"@
9"O
&-2*%>-2@*2,)*('4%+3-@*(&*+("$(+/-*/(&*#+%$'%*
23AB=@3%'%B@'A"@3"8
&'8 AB"&"@'%' &'AL":'%'@A'^ <: i:>
C2#%/-* 0(+$%)-* '$"
3 FRANCO, B.; MUÑOZ I.; SÁNCHEZ, P. y Valencia ZAVALA. “Las privatizaciones y concesiones”. En: La
->?HKF:$GM:/HFH$'BF:0GBO>KLB=:==>E+:$GLMBMNMH+>KN:GH=>
 PALIZA, R. “Impacto de las privatizaciones en el Perú”. En: Estudios Económicos. Banco Central de Reserva
=>E+>K`
 -0$5-*KB>E:k E IKH<>LH=>IKBO:MBS:L>G>E +>K`=NK:GM>>EI>K\H=H l.:GMB:@H=>
Chile: Serie Gestión Pública 22. 2002. p. 28.
 E =>:@HLMH => HG<>=\:L =>LINZL =>:LNFBK >E"H;B>KGH >EIK>FB>K =>E@H;B>KGH =>E;>KMH
Fujimori, Juan Carlos Hurtado Miller, anunció por televisión en cadena nacional el paquete de medidas
económicas. Estas medidas económicas eran tan extremas, duplicando en algunos casos los precios de
:KM\IKBF>K:G><>LB=:=JN>>EF>GL:C>;K>?K:L>kh,N>BHLGHL:RN=>l
7 Sobre este punto PÉREZ CRESPO, Carlos Eduardo. “Democracia autoritaria: Alberto Fujimori y la opinión
I`;EB<: g>OBLM:':MBGH:F>KB<:g:>*IBGB^G+`;EB<:>OBL:=H>GPPPP:IHKE:MBGH:F>KB<:>OBLM:
GI>K>SLIH8=>FH
8 El denominado “Consenso de Washington” es una formulación realizada originalmente por el economista
estadounidense John Williamson. Hacia inicios de la década de los noventa, Williamson pensaba que todos
los organismos multilaterales y economistas de instituciones basadas en Washington D.C. “estaban de
acuerdo” en que los países latinoamericanos debían seguir estas políticas para poder superar su crisis
económica. El equilibrio del presupuesto público, la reforma impositiva y la privatización son políticas
incluidas en el “Consenso de Washington”.
 --$.0 U*":;KB>E R(:K\:$GZL 1q.,0 5 GMK>OBLM:: :KEHLHEH]:>AK !K:GD>GLM>BGLB@N>OBOH
HGLB=>K:L:<>K<:>E$G=>E@H;B>KGH=>EIK>LB=>GM>!NCBFHKB G$NL>M1>KBM:LI
%'!#$#$% * $' #$
258
Revista de Derecho
THEMIS 61
+("$+2-2*("-).',"-2*;$(*%;$(&*/(*&%2*/K"%/%2*
2(#()#%*7*-" &%2*#()#%",-)(2*8-8$&,2#%2*
2(*,)"+('()#%)*"-)2,/(+%4&('()#(5
"&" %3'@B@<><:>
"%CL3&"& '9>@'A"@3"8 &'8 AB"&
88
h'B@@'A" <8<9$3":" &'
'B@=8''B@<8i[
"%3<: h>
"-'-* 8+$(4%2* /(* ;$(* $)%* ('8+(2%* (2#%#%&*
>I'&' 88'L"@ " %"$
7* 2(+* '%)(=%/%* 2(+,%'()#(5* W%'4,K)* 2(*
2$8$(2#%'()#(* %4%)/(+%/-* /(&* &,4(+%&,2'-*
("-).',"-@* )-* 2,3$(* 2$* 8+-8,%* 8+K/,"%*
h>"@"&=63%"9':B''8 &':<93:"&
&' "A23:1B<:ci>
'9>@'A"@3"8&'8 AB"& '8%849"N
&' 8" %@3A3A +:":%3'@" 3:B'@:"%3<:>
uss{f &'%3&3= '8 A"8L"B"6' '%<:>
'9>@'A"A%<9
:B'@:"C<:>[ :%^ &' 8"A %I"8'A '8
C2#%/-* )-+#(%'(+,"%)-* (2* %
'%7-+,#%+,-5
)))M, N
M
'M, "1%>C7<= $7#747%49;%< ;.7
I%2"AL'%'AA'%<:a class="_ _1">3&'@"?I''8
8'13C9"8""%CL3&"&'9>@'A"@3"8&'8AB"&
&%*/,2#+,4$",.)*/(*&%*+,;$(A%10^:'A'A':C&<[8"
>"@C%3>"%3=:&'8AB"&<B':&@4"%<9
(&*-B+("(+*%*&-2*",$/%/%)-2*8+-/$"#-2@*2(+:,",-2*
&' %"83&"&O " $"6@'%3
A'@4"%<:a3ab class="_ _1">'%<: class="_ _3"> "%CL3&"&>@3L"&"?I'
J:3%"9':B' &'A'" 9"N393P"@ 8" IC83&"&^ 8
AB"&<:a class="_ _1">:B'[ >8'L"@ "
%"$@'A"@3"8" %"9$3
9#@1':'A9IO@'&I%3& +:"83&"&
:@
&-2*4,()(2*-*2(+:,",-2*"-++(28-)/,()#(25*!*(2#%*
+:"83&"&[ >4"98"[ b+:"83&"&
@'&3AB@3$ICL"c^
3: '9$"@1
@'&3AB@3$ICL"c'AB#8'6
C)* '$"
"%CL3&"&'A '9>@'A"@3"8'A fA'" %<9'@%3"8'A
@'%"I&"B[ 8" 6IAC+%"%3=: &'
8" "%CL3&"& 'AB"B"8 :
2(+:,",-2* %* &-2* ",$/%/%)-2* 7* '()-2* %1)*
4%=-25*W-/-*&-*"-)#+%+,-@*2(*
B@"B"$" &' 'NB@"'@@':B"A " 8
'$"
,)"&$2,:(* '-)-8.&,"%2@* "-)* (&* -4=(#-* /(*
8+-:((+*/(*'%7-+(2*+("$+2-2*%&*C2#%/-5*C)#+(*
88<83
('8+(2%+,%&(2@* #()('-2* &%* 8+-/$"",.)* /(*
8%8(&*2(&&%/-11*-*(&*(2#%)"-*/(*&%*2%&12^'B@"B"
&'I:">@#%C%"":C?I4A39"?I'A'@'9<:b>
8"'%<: class="_ _3"> %<8<:3 class="_ _3"> "'AB"
+:"83&"&[b+:"83&"&@'%"I&"&^
I-2* (=('8&-2* "-)#('8-+?)(-2* /(* (2#%*
>@#%C%" A<:>@'%3A"9':B' "?I'88
%3B"&'@3':%3"A &'
'9>@'A"A 'AB"B"8'A @':B"$8'A h'B@
'B@<8[
&'':'PI'8"^^i^A%8"@8'%CL
('8+(2%2* 8-+;$(* /(2(()* %2(3$+%+* ;$(* (&*
>I'$8'%CL@'%3
$"6
':'PI'8"^^ 'AB'%3"89':B' %8"@
>I'AB"4A 'A >"@B' &' I: %#@B'8
f8" @1":3P"%3=: &' "4A'AN>
0(#+.&(-@* P0C0* -* #%'4,K)* "-)-",/%* "-'-*
Reynaldo Antonio Guarniz Izquierdo
%B$#/7156,.//4/-023
259
Revista de Derecho
THEMIS 61
Q-* (2* 2-+8+()/()#(@* %2,',2'-@* ;$(* &%*
"%CL3&"& '9>@'A"@3"8 &'8 AB"&
C':' b+:"83&"& @'%"I&"&
9<:><83
'()-2@*()*$)* #+%#%',()#-*/(2,3$%&*;$(*
;$(*&%* ('8+(2%*(2#%#%&*#()3%*:()#%=%2* B+()#(*
"AIA %<9>'C&@3L"& ')'%B
?I' '8 AB"&
8-2,4&(@* (2* '$7* +%A-)%4&(*;$(* ;$,(+%* (:,#%+*
'8@3'A1 &'?I' AI"%CL3&"& '9>@'A"@3"8:
A'"'N3B ':B(@93: &'@':B"$383&"&^
&-*#%)#-@*)-*&(*,)#(+(2%*&%*"-'8(#()",%5
C)* (&* '%+"-* /(* &-* %)#(+,-+@* (2* ,)#(+(2%)#(*
":"83P"@8&3%'8"<:acbi class="_ _1"><84C%"&'8
'@J^I'AB@""@B""1:"@'/'6"%8"@"9':B'
(&*#+%$'%*;$(*8+-/$=-*&%* "+,2,2*("-).',"%*/(*
&' '9>@'A"A^ I'AB@" "%BI"8 <:acbi>
"-)2%3+%* $)%* 2(+,(* /(* &,',#%",-)(2* %* &%*
"%CL3&"& '9>@'A"@3"8 &'8 AB"&
:
8
'AB"$8'%':] h3i ?I' 8" "%CL3&"& '9>@'A"@3"8
&'8AB"& AI$A3&3"@3"\h33i?I'8" "%CL3&"&
('8+(2%+,%&@* 814&,"%* -* )-* 814&,"%@* +(",4(* (&*
93A9
),*"-)"(+#%",.)*8$(/(*%$#-+,A%+*),*(2#%4&("(+*
9<:><83[h3Li?I''8AB"&%<9$"B'B
>@#%C%"?I'8393B'8"83$@'%<9>'B':%3"?I'
%<:acbio>
'-)-8.&,"%25
"A B@'A J8C9"A &3A>%3<: class="_ _1">3B"&"A C':':
I:"A<8"+:"83&"&^"<:acbi class="_ _1">3=:%<:a class="_ _1">"8"
"-'8(#()",%*"-'-*2,2#('%*("-).',"-*7@*8-+*&-*
B":B<[>@<24$'8<AB@"B"93':B%@393:"B
%$)* %* B%:-+* /(&* 8+-8,-* C2#%/-5* C&* C2#%/-* )-*
>I'&'' " A493A9><83
8$(2*),)3$)%*&(7*8$(/(*"+(%+*$)-9*7@*%/('?2@*
%I":&@'"83P""%CL3&"&'9>@'A"@3"8&'$'B':'@
'893A9:B >@3L"&
'?2@*%$)*()*%;$(&&-2*"%2-2*()*&-2*;$(*(&*C2#%/-*
9-* "$%&;$,(+* 8+,:%/-9* 2(* ()"$()#+(* ()* $)%*
2,#$%",.)*/(* '-)-8-&,-13*-* /(* /-',),-* ()*(&*
9'@%"&:ACBI%3=: >@<24$' %I"8?I3'@
>@#%C%" "$IA3L"^ <: class="_ _1">A'%I':B'9':B'[ &'
"%I'@& &' t||v>"@'%'
,'8-2,4&(* ;$(*(&* C2#%/-*8+(#()/%* /(2%++-&&%+*
"%CL3&"&'A '9>@'A"@3"8'A %<: class="_ _1"> I:" b+:"83&"&
+("%$/%/-+%N5
#A 3:B'@'A":B' fO %<9>8'9':B"@3" %<:>
":B'@3
?I' A';"8" ?I' 8" "%CL3&"& '9>@'A"@3"8 &'8
C2#%/-*2.&-* 8$(/(*&&(:%+2(*%* "%4-*8+(:,%* &(7*
'N>@'A"[>J$83%
2$42,/,%+,%'()#(5* I-* 8+,'(+-@* ,'8&,"%* ;$(*
8" "%CL3&"& '9>@'A"@3"8 &'8 AB"&
A'@ 'N%'>%3<: class="_ _1">N%'>%3<: a="8<</div">
8+-"(/(* ()* /-2* 2$8$(2#-2* 9%-* ,)#(+K2*
>J$83%
7*(&&-2* /(4()*2(+*%/('?2* /("&%+%/-2*8-+* &(7*
'N>@'A"^
" AI$A3&3"@3'&"&[ >
?I' '8 AB"&
('8+(2%+,%&* 1),"%'()#(* /-)/(* (&* 8+,:%/-*
)-*&-* )$)"%*()*"-'8(#()",%*"-)*K2#(5*
: "8"$@"A[ 8" "%CL3&"& &'8 AB"&
(2* L2$42,/,%+,%N* ()* &%* '(/,/%* ;$(* /(4(*
('8+(2%+,%&*8+,:%/%5
<:>BI"89':B'[ 8" AI$A3&3"@3'&"&
%"%++(%* $)%* "-)2("$()",%* /(* &%* ;$(* )-*
)("(2%+,%'()#(* 2-)* "-)2",()#(2* &-2* %"#-+(2*
><84C%
4$2"%)/-* "-)2#%)#('()#(* $)%* /('%)/%*
3:A"CA)'%2" >"@"
+(;$(+,/-* ()* (2(* '(+"%/-* 7* -4#()(+* $)%*
IC83&"&^'=@3%"9':B'[':B<:>
A=8
8-#()",%&* -B(+#%)#(*"-)"&$7%* ;$(* +(%&,A%+* &%*
"%CL3&"&:
8
&'A"@@<88"&
+%A.)*)-*(2*&%*/,2#%)",%5*I%2*",$/%/(2*/(*Q$(:%*
A' ':%I':B@":A'>"@"&"A >
$)%*/,2#%)",%* '$7*2,',&%+*%* &%*;$(*
39" ' %" O[A3: '9$"@1
"-'(+",%&(2*()#+(* (&&%25* Q-*
&'A"@@<88"&
I:"A':%388"@"P=:]:3 ':39":3':%" 'N3AB'
8" 9"A" %@4C%" &' 1':B'?I' 'AB( &3A>I'AB"
%* 8%3%+* (&* "-2#-*/(&* #+%)28-+#(* %K+(-* "-'-*
>"@" 6IAC+%"@ ?I' 8" "'@<84:'"
A'@L3%3"8"$@"A[ A3 8" "'@<84:'"
-B+(",(+%*$)* 2(+:,",-*/(* :$(&-2* ()#+(*I,'%* (*
%" >@'@&'@4" &3:'@
13 Nótese que la Constitución no prohíbe los monopolios. Sólo prohíbe que éstos sean establecidos por leyes
HKM:L QBLM>G LBMN:LjLB>G=H >E<:lh class="_ _3"> FWL I>KHGH >E `GBE =>EHL FHGHIHEBHL
naturales– en los que el monopolio se produce de hecho por las circunstancias propias del mercado y ello no
es prohibido por la legislación peruana.
%'!#$#$% * $' #$
260
Revista de Derecho
THEMIS 61
'8 :J9'@"A"6'@"@"
-8(+%+*(&*2(+:,",-*/(*'%)(+%*+()#%4&(5
!8&,"%)/-* (2%* &.3,"%@* 2,('8+(* ()* (&* 8&%)-*
B'=@3%
$)* '(+"%/-* ;$(* )-* (2* %#()/,/-* 8-+* &%*
"%CL3&"& >@3L"&"[ 8" @"P=: 'A ?I' &3%2
9'@%"&[ :
A':C&@'AB"@
(&* 2(+:,",-5* 0-+* &-* #%)#-@* &%* "-)"&$2,.)* ;$(*
2$+3(* ,)(:,#%4&('()#(* (2O* 2,* (&* C2#%/-* 2.&-*
>I'&' &'A"@@<88"@ "%CL3&"& '9>@'A"@3"8 "884
/-)/(*(&*8+,:%/-* )-*:%&(*

Para continuar leyendo

Solicita tu prueba

VLEX utiliza cookies de inicio de sesión para aportarte una mejor experiencia de navegación. Si haces click en 'Aceptar' o continúas navegando por esta web consideramos que aceptas nuestra política de cookies. ACEPTAR