Carey

On August 17th, 2023, Law No. 21,595 on Economic Crimes (the "Law") was published in the Official Gazette. The publication of the Law brought with it several innovations of socioeconomic order, among which the following stand out, the systematization of the offenses related to the business activity under four categories of criminal offenses; the creation of new criminal offenses, such as, for instance, the incorporation of a new title to the Criminal Code called "Attempts against the environment"; and the establishment of new penalties and sanctions, as well as the strengthening of existing ones. The Law also included a series of amendments to Law No...

Law No. 21,398 (known as the "Pro-Consumer Law"), which amended Law No. 19,496, Consumer Protection Act ("CPA"), reinforced the right of withdrawal in distance purchases, establishing that: Consumers may exercise the right of withdrawal or repentance, within a period of 10 days from receipt of the product, without expression of cause, with respect to all purchases of goods, without conditioning the right to the will of the supplier. The supplier shall inform consumers about the right of withdrawal in an unequivocal and accessible manner prior to the conclusion of the contract and its respective payment...

Grenergy gets loan for LatAm’s largest solar energy storage plant Maya Kendall Shah 22 July 2024 Spain’s Grenergy Renovables has enlisted Clifford Chance LLP in Madrid and Carey in Santiago to obtain a green loan worth USS$370 million for a hybrid renewable project, which is set to become one of the world’s largest solar energy storage projects and the largest in Latin America. The syndicate of lenders relied on Garrigues (Chile) in the deal, which closed on 8 July. Latin Lawyer understands that US firm Milbank also advised the banks but could not confirm this before publishing...

Several LatAm firms feature in cross-border tech buy Lily Squires 16 July 2024 US technology group Centroid Systems has called on the New York office of Willkie Farr & Gallagher LLP, Chile’s Carey, Marval O'Farrell Mairal in Buenos Aires and Peruvian firm Rodrigo, Elías & Medrano Abogados to acquire Argentine cloud management company Qbit. The target relied on Argentina’s Viramonte & Acuña Abogados. The deal closed on 14 June and no value has been disclosed. Through the deal, Centroid expands its application and infrastructure-based services in Latin America. Qbit provides cloud management services to companies in Latin America...

A new project to reform and modernize the Chilean tax system, and boost investment in the country, was presented by the government of President Sebastián Piñera on August 23, 2018. Through this website, and as with the two previous tax reforms, Carey will offer an analysis of the main proposed...

Privacy, Technology and Telecommunications blog

During March 2011, a draft bill was introduced through parliamentary motion, initiating the discussion of a comprehensive amendment of the Water Code. During its legislative discussion, the project has been subject to significant changes through substitutive indications submitted in 2014 by the...