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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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…
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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…
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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
Blockchain y Criptomonedas, Contratos Inteligentes, tecnologías en la mira de la regulación
By DLA Piper on
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…
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EL BANCO CENTRAL DE CHILE PUBLICA SU NUEVA NORMATIVA SOBRE EMISIÓN Y OPERACIÓN DE TARJETAS DE PAGO CON PROVISIÓN DE FONDOS
By DLA Piper on
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 operen estas tarjetas.