Pension fund regulations may be an incentive or deterrent when considering establishing operations in a country. This is why it is important to understand the new rules and situation of current legislation on the subject in various jurisdictions. Below we examine the current situation in Mexico, Uruguay, Peru, Colombia, Brazil and Chile.
Garrigues analysts look at the current squeeze-out rules for unlisted companies in Brazil, Chile, Colombia, Mexico and Peru.
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.
Garrigues continues to consolidate its offering in Latin America with the hiring of Adriana Espinosa to head the infrastructure practice in Colombia. Espinosa is well-known in the Colombian market for her advice to companies and State bodies on the structuring and execution of major projects. Her appointment as an equity partner will be submitted to the next Garrigues Partners’ Meeting.
With the issuance of Decree 1351 of 2019, some provisions of Decree 2555 of 2010, were modified related to investments in participations issued by stock exchange funds, temporary transfer operations of securities in the counter market, and the disclosure of information in the securities market through electronic means, among others.
The Colombian government issued Decrees 1420 of 2019, 1421 of 2019 and 1349 of 2019, modifying the equity requirements for asset managers of third parties, credit establishments and insurance entities, in order to adapt them to international standards.
The Ministry of Health and Social Protection, in a resolution dated February 20, 2019, has established that due to the private and reserved nature of medical records, health care entities (EPS) cannot order employers to provide the medical records of their employees and employers cannot request said records from their employees to process incapacity to work.
By means of Law 1955 of 2019, the National Government passed the National Development Plan (NDP) for the four-year term (2018-2022). The Plan includes a series of changes in Colombian labor policy, which are presented below.
The Colombian government released a technical document analyzing ways to extend the use of financial services, promoting access to technological innovation.
Garrigues took the award for Latin American Deal of the Year in the banking and finance category for its advice to Metro de Bogotá and Financiera de Desarrollo Nacional on the financing of the largest urban transport project in Colombia. The awards are presented annually in São Paulo by Latin Lawyer, one of the most prestigious publications in the sector, and bring together the main firms and companies in the region.