What are the most significant cases or transactions that your legal team has recently been involved in? 

Over the past year, our legal team has been engaged in a broad range of matters reflecting both the scale of our operations and the diversity of the Latin American regulatory landscape, particularly across Brazil, Mexico, Chile, Colombia and Peru.

A key area of focus has been regulatory, compliance and Government Affairs work. In Brazil and Mexico, in particular, we have supported the business in navigating evolving consumer protection rules, advertising standards and product compliance requirements, while maintaining an active and constructive dialogue with regulators and industry associations. In Brazil, this has also involved closely monitoring the ongoing tax reform and assessing its potential impact on business models, pricing structures and supply chains. Across Chile, Colombia and Peru, we continue to track regulatory developments to ensure alignment with local frameworks while preserving consistency with global standards. 

Finally, we have continued to strengthen internal governance and compliance frameworks, adapting global policies to local requirements, particularly in areas such as tax, customs and trade compliance. This integrated approach reinforces the role of Legal and Government Affairs as a strategic partner to the business, supporting sustainable growth in an increasingly complex and evolving environment. 

What new pressures are you facing from the business as expectations for legal to act as a strategic partner continue to grow? 

The expectation is no longer that legal supports the business. It is that legal moves with the business at the same pace, while maintaining clear judgment on risk. In Latin America, that is not a simple shift. It requires navigating uneven regulatory environments without slowing down decision making. 

What has changed most is the level of proximity to the business. Legal is expected to be involved at the outset, not as a checkpoint but as part of the decision process itself. That means understanding commercial priorities in detail and being able to translate legal constraints into practical options. The value is less in identifying risks and more in structuring viable paths forward.

There is also a more subtle pressure around consistency. Operating across multiple jurisdictions such as Brazil, Mexico, Chile, Colombia and Peru, the business expects aligned positions even when local frameworks differ significantly. This requires strong internal coordination and clear principles, rather than purely jurisdiction by jurisdiction analysis. 

At the same time, expectations on efficiency have not diminished. A lean structure means that prioritisation is critical, and external counsel must be used with precision. Not every issue requires a full legal analysis, but the important ones require depth and speed at the same time.

The role today sits firmly between legal judgment and business execution. The challenge is not only to protect the company, but to do so in a way that allows the business to operate with clarity and confidence in complex markets. 

How have economic fluctuations, exchange rate volatility or supply chain pressures in 2026 influenced your legal priorities?  

Economic volatility continues to shape legal priorities across the region, particularly in Brazil and Mexico. Exchange rate fluctuations, inflation and changes in tariff regimes have required a more structured and forward looking approach to contracts and risk allocation. 

In parallel, the ongoing tax reform introduces an additional layer of complexity, with potential impacts on cost structures and logistics strategies. Legal plays an important role in helping the business interpret these changes early and prepare for different scenarios. 

In this environment, legal priorities are closely aligned with business continuity and adaptability, ensuring that the company remains protected while retaining the flexibility needed to respond to evolving economic conditions.