According to Reuters, Takanakuy is a compound word combining two simple words “takay” (to fight) and “nakuy” (together).
The annual festival is held during Christmas to allow participants to resolve conflicts and improve relationships, starting a new year in peace.
Participants wrestle and punch each other in a lively atmosphere with festive music playing. Most aim to resolve conflicts related to emotions, finances, and legal disputes.

After resolving all conflicts through punches and wrestling, the two opponents will stand up, listen to the referee’s decision on victory and defeat, and reconcile with a friendly hug.
According to Baotintuc