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
By DLA Piper on
Posted in chile
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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Mexico: Anti-money laundering rules / self-correction program
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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
The Hague Service Convention is promulgated in Brazil
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Posted in Brazil
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)…
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BRAZILIAN SUPERIOR COURT ANALYZES LEGALITY OF CHECK-IN AND CHECK-OUT HOURS
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Posted in Brazil
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…
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Brazil releases manual on Mutual Agreement Procedures
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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,…
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BRAZILIAN SUPERIOR COURT DISTINGUISHES THE HOTEL MANAGER AND DEVELOPER’S RESPONSIBILITY
By DLA Piper on
Posted in Brazil
By: Rafael Jordão Bussiere, Fabio Perrone Campos Mello and Ana Beatriz Barbosa
The Third Chamber of the Brazilian Superior Court decided that the hotel operator Blue Tree should not be a defendant in a…
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