ArticleLATAM Airlines Issues A Serie Of Four BondsChilean firm Carey has helped LATAM Airlines issue four sets of bonds worth US$360 million.ChileCorporate/Commercial LawCarey
ArticleMasisa Sells Its Brazilian SubsidiaryMattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados' São Paulo office has helped Chilean wood products company Arauco buy two timber factories in Brazil from counterpart Masisa for US$103 million.ChileCorporate/Commercial LawCarey
ArticleSencorp Sells The Last Building Of The Real Estate Project Parque TitaniumClaro & Cía has helped Chilean asset management company Toesca obtain a syndicated loan worth 2.6 billion Unidad de Fomento (US$4 million)...ChileCorporate/Commercial LawCarey
ArticleSVS Establishes New Institutional InvestorsOn July 27, 2016, the SVS issued the general rule 410 ("NCG 410"), which supplements the list of entities that qualify as "institutional investors" according to article 4(e) of the LMV N°18,045.ChileCorporate/Commercial LawCarey
ArticleLaw 21,015, Regarding The Inclusion Of Disabled Employees In The Laborforce, Enters Into ForceOn February 1st, 2018, Decree 64 and Decree 65 were published in the Official Gazette (hereinafter the "Decrees"), both issued by the Ministry of Labor and Social Security.ChileEmployment and HRCarey
ArticleSMA Releases General Instruction Regarding Requirements To Update Contingency, Prevention And Emergency PlansOn January 9, a new General Instruction ("Instruction") from the Superintendence of the Environment ("SMA") was published in the Official Gazette regarding updates to contingency, prevention and emergency plans and the submission of information to the SMA.ChileEnvironmentCarey
ArticleBanco Security Granted A Credit Facility In Order To Finance The VAT-Related Elements For The Development Of A Wind Energy ProjectPhilippi Prietocarrizosa Ferrero DU & Uría (Chile) has helped a wind project obtain an estimated US$140 million in financing.ChileFinance and BankingCarey
ArticleFinancial Analysis Unit Issues A New Mandatory General Instruction As To Ultimate Beneficiary And Mandatory Know Your Costumers' Due DiligenceReporting Entities now must identify, independently verify and record supporting evidence as to their clients' (legal entities) ultimate beneficial ownership.ChileFinance and BankingCarey
ArticleFinancial Analysis Unit Issues A New Mandatory General Instruction As To Ultimate Beneficiary And Mandatory Know Your Costumers' Due DiligenceOn 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.ChileFinance and BankingCarey
ArticleProgress In Implementation Of Funds Passport For The Pacific AllianceOn 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.ChileFinance and BankingCarey
ArticleNew Call For Public Comment Regarding Foodstuff ProductsIn the last few weeks, the Ministry of Health solicited public comments on three proposals which would amend relevant regulations in connection to foodstuff products, as detailed below ...ChileFood, Drugs, Healthcare, Life SciencesCarey
ArticleDebate About The Creation Of A State Run Infrastructure Fund Starts In Chilean CongressOn June 8, discussion started in the Public Works Commission of the Senate over the law project which creates the state company, "Fondo de Infraestructura S.A.".ChileGovernment, Public SectorCarey
ArticlePatent Prosecution Highway Agreement Executed By The Member States Of The Pacific AllianceOn July 1st, 2016 the Pilot Patent Prosecution Highway agreement (PPH) executed by the member states of the Pacific Alliance (Chile, Mexico, Colombia and Peru1) came into force.ChileIntellectual PropertyCarey
ArticleTrans-Pacific Partnership Agreement – Intellectual Property ChapterThe Trans-Pacific Partnership Agreement is a free trade agreement between Australia, Brunei, Chile, Canada, the United States, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. ChileIntellectual PropertyCarey
ArticleNew Regulation On Strategic Environmental Assessment – Possibility Of Public Participation In Land PlanningLast November 4th Decree No. 32/2015, issued by the Ministry of the Environment, became law. This act approves the Regulation of Strategic Environmental Assessment (hereinafter, "SEA").ChileReal Estate and ConstructionCarey
ArticleThe Ministry Of National Assets Announces A New Tender Process PlanPresident Piñera's administration has announced the creation of a new initiative to promote investment and increase transparency in the adjudication processes of state-owned lands for the purpose of installing productive projects.ChileStrategyCarey
ArticlePrivate Equity Fund Acquires ConstrumartCarey is helping Chilean financial services provider Larraín Vial purchase construction materials maker Construmart from supermarket operator SMU on behalf of a Chilean private equity fund.ChileCorporate/Commercial LawCarey
ArticleLaw 21,130 Modernizes Chilean Banking LegislationWith the incorporation of the CMF, the figure of a Superintendent is eliminated, being replaced by a Council, composed of 4 commissioners and a president.ChileFinance and BankingCarey
ArticleMasisa Sells The Industrial Business Of Its Argentinean SubsidiaryArgentina's Estudio Beccar Varela has helped Austrian wood panels company Egger acquire assets from counterpart company Masisa. Masisa, which is headquartered in Chile...ChileFinance and BankingCarey
ArticleAmendment To Migratory And Domestic Policies Of Foreign ImmigrationRegarding the upcoming migratory changes announced by the Government, we may inform that they are fast-track initiatives which involve the reformulation of temporary residence visas and the creation of new visa categories ...ChileImmigrationCarey