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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,…
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.
Colombia: Companies must elaborate and file corporate sustainability reports that reveals the reality of their corporate practices
The Superintendence of Companies has issued administrative recommendations for the submission of corporate sustainability reports that certain entities must prepare.
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).
Colombia: The chambers of commerce and foreign non-profit organizations will be required to adhere to self-regulation systems, transparency standards and principles of business ethics
A recent directive, released by the Superintendency of Companies, includes such organizations with a permanent presence in Colombia as obligated entities. Therefore, they are required to initiate the “SAGRILAFT” and “PTEE” programs by no later than…
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.
Dispute resolution clauses in energy projects in Latin America
In recent years, the number of infrastructure projects in the energy sector in Latin American countries has increased, and therefore, the possibility of disputes arising relating to them. In this article we discuss primarily dispute resolution…
Challenges and new legislation in the labor field: How to tackle the trend towards reducing working hours and low productivity levels in Latin America
In this article we look at the current working hours and those under discussion in Chile, Colombia, Peru and Mexico, and their implications on productivity levels.
Company redomiciliation and alternatives for changing the jurisdiction of companies in Colombia, Chile, Mexico and Peru
During the development and operation of multinational enterprises, in some cases and for a number of reasons (strategic, market, risk, among others), they are faced with the need to explore alternatives for changing or transferring their registered…
Latin America kicks off 2023 with new tax reforms on the horizon
During 2022, the shock of the pandemic began to recede. Following a period in which Latin American governments focused on the delicate balance required to address the sectors hit the hardest by the health crisis without sacrificing fiscal discipline…