Legal insights on issues important to Latin America
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.…
Continue Reading
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…
Continue Reading
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…
Continue Reading
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.…
Continue Reading
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 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 …
Continue Reading
By: Eduardo Gallastegui and Abelardo Acosta
In an effort to incent non-compliant taxpayers to meet their reporting obligations under the Federal Law for the Prevention and Identification of Operations with Illegal Resources (“LFPIORPI”), the Federal
By: Felipe Hermanny
Campos Mello Advogados is an independent law firm
The Convention of 15 November 1965 on the Service Abroad of Judicial and Extrajudicial Documents in Civil or Commercial Matters (the Hague Service Convention)…
Continue Reading
By: Rafael Jordão Bussiere, Fabio Perrone Campos Mello and Ana Beatriz Barbosa
Brazil’s Superior Court has validated a hospitality market practice in its decision regarding a civil class action filed by the national consumer…
Continue Reading
By Alex Jorge, Renato Lopes da Rocha, Randall Fox and James Dalley
Brazil has entered into 33 bilateral tax treaties, namely those with Argentina, Austria, Belgium, Canada, Chile, China, Czech Republic, Denmark, Ecuador,…
Continue Reading
