The enactment of Law 1676 of 2013 (Secured Interest Law) in the context of insolvency proceedings − reorganization and liquidation − has substantially restated the legal scope of creditors’
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Argentina imposes foreign exchange controls and obligations to repatriate exports proceeds
By: Martin Mittelman and Augusto Mancinelli
On September 1, 2019, the Argentine Government issued Executive Decree No. 609/2019 (the “Decree”) which reinstated certain foreign exchange restrictions that had been in effect prior to…
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Distributed generation in Brazil: The bright future of Brazilian renewable energy
By: Fabiano Gallo and Flavia Cerutti Alves Pinto
Overview
In April 2012, the Normative Resolution No. 482/2012, issued by ANEEL, came into force and established the initial rules for the development of electricity distributed generation…
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Brazil – Oil and Gas Chapter (Latin Lawyer 2019)
By DLA Piper on
By: David L Meiler, Barbara Bittencourt and Luise Helena de Moura
Please visit Latin Lawyer’s webpage to read the most recent chapter on Brazil: Oil and Gas authored by lawyers at Campos Mello Advogados
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After 20 years of negotiations, EU and MERCOSUR reach understanding on free trade agreement
Guest post from Bergstein Law of Uruguay
On June 28, 2019 the European Union and the MERCOSUR group − comprised of Argentina, Brazil, Paraguay and Uruguay − reached a mutual understanding over a trade agreement. Both sides have been negotiating such an agreement for 20 years. European Commission President Jean-Claude Juncker calls this the largest trade agreement the European Union has ever concluded.…
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Chile: single financial supervisor assumes regulatory authority
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Posted in Banking and Finance, chile
By: Manola Quiroz and Jorge Timmermann
The Commission of the Financial Market (CMF) is now the sole regulatory body with authority over Chile’s financial system.
The change arises from Law No. 21,130, published in the…
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“30-Day Payment Law” became effective in Chile on May 16, 2019
Law 21.131, also known as “30-Day Payment Law” (the “Law”), became effective on May 16th, 2019.
Maximum Payment Term
The Law establishes a maximum payment term of 60 calendar days since the date the…
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Peru: suspension of the general anti-avoidance rule has been lifted
By DLA Piper on
In effect since May 07, 2019, Peru’s Supreme Decree No. 145-2019-EF established certain parameters in an effort to identify and sanction tax avoidance mechanisms.
The Peruvian general anti-avoidance rule (GAAR) was enacted in 2012; however, through Legislative Decree No. 1121, it was suspended until the issuance of regulations to allow its application.…
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Puerto Rico: being charged with a felony can be just cause for dismissal
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Posted in Labor, Puerto Rico
By: Janine Guzman and Mariana Muñiz-Lara
The Supreme Court of Puerto Rico recently determined that an employee accused of committing several felonies can be suspended indefinitely pending criminal trial without it being considered an unjust
Brazilian President Jair Bolsonaro approves “compliant debtors” law
By DLA Piper on
Posted in Brazil, Data Privacy
Brazilian President Jair Bolsonaro has approved Law 166/2019, the so-called compliant debtors law, modifying the country’s credit scoring system. The new rules will come into force on July 9, 2019.
The credit scoring system has …
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