Legislative Palace (Peru) Legislative Palace (Peru) The Legislative Palace of Peru is the seat of the Congress of Peru, located on the second block of Jiron Ayacucho, on the Plaza Bolivar, in Lima, the capital of Peru. This building is made up of the chamber housing the sessions of congress, the Hemiciclo Raúl Porras Barrenechea chamber, the Hall of the Lost Steps, the offices of the Presidency of the Congress, office of the vice-presidency, the offices of congressional commissions, and the offices of various other parliamentary groups. This building houses the sessions of Congress as well as the inauguration speech of the President.
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%