IS MY COMPANY OBLIGED TO COMPLY WITH THIS NEW LAW?
The General Law of Water Resources (“Law”) approved by the Legislative Assembly on December 21, 2021 after almost six months of discussion and revision of the project presented by the Minister of Environment to the Assembly on June 18, 2021. The Law was published in the Official Gazette No. 8 Volume 434 of January 12, 2022 and will become effective six months after its publication in the Official Gazette.
Subsectors. Among the innovations of the Law is the establishment of sub-sectors and the respective competent entities for each of them, being the following: