58 results found

Carey has helped Brazilian bank BTG Pactual's Chilean fund administrator obtain a loan worth US$199 million from Corpbanca.

On December 26, 2018, the Central Bank of Chile published an amendment to Chapter III.J.2 of its Financial Regulations Compendium, on Payment Cards Operation, after a one-month public consultation that allowed the general public to make comments or observations to the proposal.

Becker, Glynn, Muffly, Chassin & Hosinski LLP in New York and Chilean firm Carey have advised the International Finance Corporation on its US$140 million equity investment in Chilean financial institution Consorcio Financiero.

On Thursday, July 30th, 2015, ComDer Central Counterparty S.A. began its operations, with the objective to manage netting and settlement of financial instruments.

Tomorrow, January 26, Law No. 20,855 (the Law) comes into effect, which requires the release and cancelation of mortgages and pledges without conveyance that guarantee loans, once they are extinguished.

La Comisión para el Mercado Financiero de Chile lanza ATENA, un sandbox tecnológico que permitirá a las instituciones financieras probar sus desarrollos e integraciones en un ambiente controlado. Esta infraestructura representa un avance crucial en la preparación para el Sistema de Finanzas Abiertas establecido por la Ley Fintech, con operación prevista para julio de 2027.

The importance of this article resides in the quick enforcement mechanism that was contained there, which solely required a judicial notice to the debtor and a seven days' notice for the execution of the pledge.

Claro & Cía has helped a subsidiary of Chilean financial services group Larraín Vial buy the owner and lessee of two hotels in Santiago.

Chile's Financial Market Commission has proposed a comprehensive regulatory framework that would allow banks to develop internal methodologies for calculating credit risk provisions and capital requirements, marking a significant step toward Basel III alignment. The proposal introduces a tiered system distinguishing between basic and advanced methodologies while establishing clearer authorization processes and updating the country's provisioning model. Banks would face a gradual implementation timeline exte

Chile's Ministry of Economy has published a new regulation replacing the 2012 framework for credit card consumer information, introducing mandatory templates, enhanced disclosure requirements, and digital payment interface standards. The regulation aims to improve financial transparency and consumer understanding while requiring issuers to adapt their systems and documentation by February 2028.

Reporting Entities now must identify, independently verify and record supporting evidence as to their clients' (legal entities) ultimate beneficial ownership.

On June 12, 2017, the Chilean Financial Analysis Unit issued the General Instruction No. 57 imposing on Reporting Entities additional AML/CTF Know Your Customer controls.

On July 30th, 2018, the Commission for the Financial Market issued ruling 3092, expanding the list of foreign securities exempted from registration requirements before the Registry of Foreign Securities of the CMF.

With the incorporation of the CMF, the figure of a Superintendent is eliminated, being replaced by a Council, composed of 4 commissioners and a president.

Milbank, Tweed Hadley & McCloy LLP in New York and Chile's Morales & Besa have helped Chilean retailer Cencosud issue notes worth US$1 billion.

The amendments to Chapter III.J.3 of the Compendium of Financial Regulations of the Central Bank introduced a new regulation on prepaid cards (Payment Cards with the Provision of Funds), which seeks to achieve greater financial inclusion by strengthening and promoting this payment method, which has not yet achieved the expected market penetration.

On November 28, 2017, the Superintendence of Banks and Financial Institutions ("SBIF") issued four regulations regarding debit, credit and prepaid cards (the "Payment Cards"), ...

On March 13, 2014, Banco International filed a collection lawsuit (demanda ejecutiva) against Agrícola Santa Fe Limitada, for the non-payment of a loan in dollars, payable in said currency and documented in a promissory note.