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 August 31, 2024.
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.
Garrigues, the firm of choice for financial institutions in Chile, Colombia, Mexico and Peru
The firm tops the LACCA/Latin Lawyer ranking of law firms advising the 50 biggest banks in Latin America.
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 clauses and the key points to be taken into account when agreeing on them.
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, some Latin American countries experienced political changes, including some turbulence, that dictated the pace and the agenda of reforms in the fiscal sphere as well. In this document, our tax experts analyze the tax changes announced and enacted in 2022 in Chile, Mexico, Peru, Colombia, Argentina and Uruguay.
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 office to a different jurisdiction. This process, commonly known as “cross-border redomiciliation”, consists precisely of the act whereby a company decides to transfer its domicile abroad without first undergoing a liquidation process or a business reorganization such as an international spin-off or merger.
Colombia: Constitutional Court declares articles 66, 67 and 68 of Law No 2195/2022 unconstitutional
On March 27th Colombia’s Constitutional Court issued a press release, in connection with the D-14851 process, declaring the unconstitutionality of articles 66 (incentives relating to leniency programs) and 67 and 68 (new sanctioning regime) of Law No 2195/2022, due to vices during the legislative process of said law.