Archives: chile

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CHILE: TDLC rejects request to eliminate restrictions on the integration in the electricity market

By: Felipe Bahamondez and Carolina Bawlitza Chile’s Tribunal for the Defense of Free Competition (TDLC) rejected the plea of Celeo Redes Chile Limitada, which had requested that the government modify “the legal precepts necessary to introduce a greater degree of competition in the generation, distribution and electric transmission markets.” In particular, the requested regulatory amendment … Continue Reading

Upcoming Crimes: Bribery Between Individuals and Unfair Administration

By: Diego Noguera, Matías Zegers and Mauricio Halpern On November 20, 2018, Law No. 21,121 was published in the Official Gazette, modifying the Criminal Code regarding bribery, and Law No. 20,393 about criminal liability of legal entities. In addition to increasing the penalties for bribery crimes, the aforementioned amendment of the Criminal Code criminalizes bribery … Continue Reading

Getting the Deal Through: Public Procurement (Chile)

By: Felipe Bahamondez and Paulina Farias Published by: Getting the Deal Through What is the relevant legislation regulating the award of public contracts?   Act No. 19,886of 30July2003about the Administrative Contracts Bases for Supply and Provision of Services (Act No. 19,886/2003) (the Act), and its regulation, Decree No. 250of 24September2004, set the basic rules for … Continue Reading

Blockchain y Criptomonedas, Contratos Inteligentes, tecnologías en la mira de la regulación

Hace ya algún tiempo que Bitcoin se encuentra en la mira de las autoridades nacionales e internacionales, quienes han discutido acerca de la necesidad de su regulación; sin embargo, este interés se ha exacerbado más ahora que su valor ha alcanzado máximos históricos y ha superado los US$ 7.000 en las últimas semanas. Las criptomonedas … Continue Reading

EL BANCO CENTRAL DE CHILE PUBLICA SU NUEVA NORMATIVA SOBRE EMISIÓN Y OPERACIÓN DE TARJETAS DE PAGO CON PROVISIÓN DE FONDOS

Below is an update from Chile on the new provisions concerning fund processing. La Ley N° 20.950, que autoriza la emisión de tarjetas de pago con provisión de fondos (prepago) por entidades no bancarias, encomendó al Banco Central de Chile, el adelante el “BCCh” el establecimiento de normas aplicables a las empresas que emitan y … Continue Reading
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