LatAm

On May 15, the Ministry of Energy of Mexico (SENER) published in the evening edition of the Official Gazette of the Federation an executive order issuing the new Policy towards the Reliability, Safety, Continuity and Quality of the National Electric System (the Policy), substituting the reliability policy issued on February 2017.

The Ministry of Health published in the Federal Official Gazette a resolution implementing the decision of the General Health Council that classifies as “essential” construction related activities. (the “Resolution”).

Under the argument that the Covid19 outbreak has resulted in the reduction of electric energy consumption by end users in Mexico and, therefore, the reliability of power supply should be strengthened, the National Center for Energy Control (CENACE) issued a ruling in connection with the Market Information System on May 1 dated April 29, pursuant to which it decrees the technical measures to be followed to guarantee the efficiency, quality, reliability, continuity and security of the National Electric System (SEN). In the face of these actions, companies can consider some legal actions.

Based on the argument that the pandemic has cause a reduction of electricity consumption by end users and thus additional measures have to be taken in order to guarantee the efficiency, quality, reliability, continuity and safety of the National Electricity System, on May 1, a ruling dated April 29 was published in the Market Information System, wherein the National Center for Energy Control (CENACE) decrees certain technical measures to be observed.

International arbitrations are not associated with any particular jurisdiction, and in Latin America and elsewhere, most arbitral institutions keep handling arbitral proceedings and enabling them to continue, despite COVID-19, by using available technology. 

In the context of the current health crisis generated by the spread of COVID-19, the Peruvian Government has issued several fiscal measures, mainly aimed at providing a flexible regulatory scheme for the fulfilment of tax obligations and the processing of administrative proceedings.

El Fondo Nacional de Garantías (FNG) anunció que ha dispuesto de un programa de garantías de hasta un monto de 12 billones de pesos para respaldar créditos que atiendan las necesidades de liquidez y capital de trabajo de las micro, pequeñas y medianas empresas (Mipymes), de cara a la crisis generada por la pandemia del COVID-19.

The Chilean government presented a series of measures aimed to mitigate the economic impacts of the public health crisis of COVID-19 by providing greater liquidity for individuals and small businesses and by increasing tax revenues available for the national government to address this complex situation.