Santiago de Chile
Chile issues new regulation for capacity payment to encourage investment in energy storage
The Ministry of Energy has submitted amendments to the current regulations on capacity payments to the Office of the General Comptroller, which include storage systems. This regulation was largely expected by the market, given the need of…
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).
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…
Chile: Publication of Law No. 21.592, which establishes a whistleblower protection statute
The law conceives access to protection as a right of any whistleblower who reports irregularities within organisations and guarantees their personal integrity and that of their property, as well as the preservation of their living and working…
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.
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…
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…
Chile: Implementation of the Energy Efficiency Law moves forward
With the issuance of Resolution 13 of 2023, the implementation of the Energy Efficiency Law of 2021 (Law 21305) is moving forward. This new resolution lists the companies that must actively manage their energy consumption and how it should be…
Chilean Congress approves the Fintech Bill
On October 12, 2022, the Chilean Congress approved the Fintech Bill (Fintech Law), which now only needs to be enacted by the president of the Republic to become a law. In this information alert we detail the highlights of this new regulation.