Regarding 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 ...

On January 1, 2016 Law No. 20,848 which sets forth a new legal framework for foreign direct investment in Chile (the "New Law") was enacted.

Linklaters in Hong Kong and New York, Guerrero Olivos in Santiago and Rodrigo, Elías & Medrano Abogados in Lima have helped China Southern Power Grid acquire Canadian private equity investor Brookfield's 27.8% interest in Chilean transmission company Transelec for US$1.3 billion.

On February 23, 2017, Law N°21,000 (the "Law") was published in the Official Gazette of Chile, creating the Commission for the Financial Market (the "Commission")...

On February 5th, 2016, Law N° 20,897 was published in the Official Gazette incorporating 3 new paragraphs into article 34 bis of the Electric Power Services General Law ("LGSE").

This article briefly describes some of the issues Chilean banks and financial supervisory authorities are facing with regard to the implementation of new capital requirements set forth by Basel III.

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"), ...

Pharmaceutical company Pfizer's Chilean subsidiary has agreed behavioural remedies as part of a settlement with Chile's National Economic Prosecutor...

With the aim of improving the industrial property system in our country, the Government, on recent days, has entered a bill amending Law No. 19,039 on Industrial Property; Law No. 20,524 ...

The "Law to Boost Productivity", was published in the Official Gazette, introducing various modifications to different laws and regulations in order to enhance the country's productivity...

Recientemente, la Excelentísima Corte Suprema conociendo de un recurso de Unificación de Jurisprudencia (en adelante la "Sentencia"), resolvió acerca de los requisitos de procedencia del beneficio...

Norton Rose Fulbright and Winston & Strawn LLP in New York and Carey in Santiago have advised American General Life Insurance Company and other foreign institutional investors...

Simpson Thacher & Bartlett LLP in New York and Larraín, Rencoret y Urzúa in Santiago have advised Chilean financial institution Banco de Crédito e Inversiones (BCI) on a US$500 million...

Chilean firms Carey, Cariola, Díez, Pérez-Cotapos & Cía Ltda, Philippi Prietocarrizosa & Uría (Chile) and Claro & Cía are advising the Latin American subsidiaries of Italian utilities company Enel on corporate reorganisations...

On June 25th, 2016, Law No. 20,930 that establishes the environmental conservation right was published in the Official Gazzette.

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.

Chile's competition watchdog has conditionally cleared Bayer's acquisition of Monsanto, subject to the divestment of certain seed and herbicide businesses and the agrochemical company agreeing not to offer exclusivity rebates for some of its products.

Carey has helped Mexican bakery conglomerate Bimbo acquire Chilean counterpart Nutra Bien from food and drinks company CCU, less than three months after it bought US-based East Balt Bakeries in a US$650 million deal.