The goods or services supplier (proveedor) will have to respond to the claims and complaints registered in their Complaints Book (Libro de Reclamaciones) within a maximum period of 15 business days. Also, if requested by the consumer, the response must be provided in writing, by email or letter.
The entry into force in Colombia of Act 2195 of 2022 has given rise to the need to analyze how the changes made to the sanctions for violations of the antitrust rules compare to those that exist in other jurisdictions. This article will examine the cases of Colombia, Chile, Mexico, Peru, the European Union, the United States and Australia, with respect to the different methodologies used to calculate the basic amounts of fines for anti-competitive practices, as well as the multiple elements that are taken into account when determining the appropriate amount of the fine.
In a region long known for volatility in exchange rates, whether or not tax accounting can be kept in foreign currency and how exchange differences are treated for tax purposes are crucial matters for multinationals operating all over the continent. In this article, we discuss the rules in place in Mexico, Peru, Chile, Colombia and Uruguay.
The growth of investment arbitration in the region is explained by the political and economic climate. In this article we look at the case statistics in each country, along with the outlook for the near future.
In an earlier edition of our Latin American Viewpoints newsletter (see here), we analyzed the main provisions applicable to notification of mergers and acquisitions in Chile, Peru, Colombia and Mexico. In this second part, we examine a few transactional and strategic elements that might be useful in these jurisdictions, in light of the competition legislation in each of them.
The pandemic, the global economic climate, and the political situation in Latin America have changed the course of real estate investment in the region. The new scenario has seen a rise in alternative mechanisms for the industry's assets. In this article we look at the main new developments observed in Colombia, Chile, Mexico and Peru.
Social infrastructure projects are booming in Latin America. Certain innovative tools such as public-private associations (or alliances) are becoming more relevant as an increasingly attractive option to materialize such projects, by guaranteeing the efficiency and quality of the hospitals, roads and education centers, etc. delivered. We provide details on the current situation and future prospects of social infrastructure in Chile, Colombia, Mexico and Peru.
NPL transactions continued in the first quarter of 2022. Spain and Portugal were the most active jurisdictions with our Madrid, Barcelona and Lisbon offices playing a leading role.