LatAm
Garrigues receives three awards from LatinFinance for its project and infrastructure work
In the last edition of the awards organized by this publication, the firm has garnered further recognition for its legal advice in three key financing projects for development in Latin America. All of Garrigues’ offices in the region have come first in some category.Karen Werner joins Garrigues as partner to head the Dispute Resolution practice in Chile
Garrigues brings Karen Werner on board in Santiago de Chile as partner in charge of the Dispute Resolution: Litigation and Arbitration practice. Her appointment is pending ratification by the next Garrigues Partners’ Meeting.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, other jurisdictions like Mexico and Peru also have proposals on the table in this regard, but they have not yet been finalized.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 from the date of its recognition by the competent authority. When this period has elapsed, it will be necessary to submit the requisite proof demonstrating that the trademark continues to enjoy its reputation in the market.Chile: Approval of Significant Changes in Recognition and Compensation of Energy Storage Systems and Hybrid Plants
A methodology has been introduced to evaluate and recognize the power capacity of stand-alone energy storage systems, and the availability of data and studies has been improved to accurately identify peak hours that determine the calculation and subsequent payment of capacity, among other new features.Garrigues wins the award for best law firm in the Andes in banking law
Garrigues has been named Team of the Year for the Andean States in banking and finance law by the International Financial Law Review (IFLR), which each year selects the best deals carried out in Latin America. The editorial board of this prestigious publication focused on the cross-border component, innovation, and the valuation of the companies involved in each of the deals it analyzed.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.