Surfing in Peru Peru; it has produced world wide champions such as Sofía Mulánovich, 2004 female world champion, Luis Miguel "Magoo" De La Rosa ISA World Masters Surfing Championship 2007 leader, and Cristobal de Col, 2011 World Junior Champion. Lima, the capital of Peru, is also very attractive to surfers because of the variety of its waves. Surfers venturing into the waters in Peru are advised to use a wetsuit to protect themselves against the elements. Although the birthplace of modern surfing is associated with the Hawaii islands in the middle of the Pacific Ocean the first Peruvian settlers have tried to ride
Mineral industry of Peru No. 868 of May 1996 (Texto Unico Official) provide guaranteed protections to mining ventures and contracts under the Peruvian Civil Code. Consequently, such ventures and contracts are immune from unilateral changes by any governmental authority in Peru without an appropriate legal or administrative remedy or arbitration by the Convenio Constitutivo del Centro Internacional de Arreglo de Differencias Relativas an Inversiones (Formal Consent of the International Center for Settlement of Relative Differences on Investments). Additionally, Peru enacted the Supreme Decree No. 047-2002-EF of April 2002 (import duties for capital goods) to reduce the duties paid to 7% from 20% and 12%