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Latin America Labor & Employment Law Newsletter - June 2024
In this newsletter, we analyze the labor and employment market in Latin America and compile the most relevant legal updates in this area in Chile, Colombia, Mexico, and Peru.
Reduction of working hours: a global trend reaching Latin America
The reduction of working hours has been a key issue on the legislative agenda worldwide in recent years, and Latin America is no exception. While countries like Chile are already reducing the workweek from 45 to 40 hours and Colombia from 48 to 42,…
Peru sets a limit of five years on rights in a well-known trademark
For the first time, Peru has established a time restraint on the continuing recognition of a well-known trademark. The Indecopi has determined that the term within which a titleholder may invoke the rights inherent in that reputation is five years…
Investment arbitration on the rise in Latin America
We look at new trends in investment arbitration in Colombia, Chile, Peru and Mexico, and provide a few figures on recorded cases and industries with the largest number of disputes.
Peru: The deadline is approaching for Peruvian consortia, funds and trusts to submit the declaration of ultimate beneficial owner
Any Peruvian or foreign company or investor who directly or indirectly participates in the results or exercises effective control of the legal arrangement shall take into account the declaration to be made within the first 20 days of July 2024.
Peru: New opportunity to submit the Detailed Environmental Plan for the development of hydrocarbon activities
A draft amendment to the Regulations for Environmental Protection in Hydrocarbon Activities incorporates new elements for the regularization of activities in this field that have been carried out without an approved environmental management…
NPLs in Spain, Portugal and Latin America: more selective deals and increasing activity in secondary markets and debt servicing industry
In the first three quarters of 2023, we saw investors adopting a more selective and specialized approach in their NPL investments, increasing their appetite for unlikely-to-pay (UTP) and reperforming loans (RPLs).
Peru: The Indecopi published the Environmental Advertising Guide for the dissemination of ‘green advertising’ and to avoid ‘greenwashing’
If ‘greenwashing’ is identified, the authority will impose a sanction ranging from a reprimand to a fine.
Peru: Indecopi approved 27 mergers in an average of 44 business days in the first two years of its merger control regime
A study by Garrigues and the Spanish Chamber of Commerce in Peru reports an update of the merger control regime, looking at legal and economic approaches to the law
Energy Market Newsletter for Chile and Peru – September 2023
We are pleased to showcase the main legal and market developments for the energy sector in Chile and Peru. Garrigues teams focused on Energy in Chile and Peru address topics of interest to sponsors, developers, financiers and other stakeholders in…
Antitrust damages actions in Latin America: on the path to the European model?
We look at the progress made in relation to damages actions for infringements of competition law in Colombia, Peru, Mexico and Chile.
Latin American Viewpoints - April 2023
Infrastructure projects in the energy sector do not stop growing in Latin America and, with it, the possibility of disputes arising. We analyze the dispute resolution clauses and the key points to take into account when agreeing to them.