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New regulations related to Covid-19 come into force in Chile
Carey, October 2021

Due to the non-renewal of the constitutional state of exception of catastrophe, the health authority modified the Covid-19 regulations. The main changes are mentioned below: A. STEP-BY-STEP PLAN MODIFICATION On October 1st 2021, Exempt Resolution No. 994 was published in the Official Gazette, which regulates and establishes a new version of the “Step-by-Step Plan”...

Approval of the guide for technology transfer of pharmaceutical production processes
Carey, September 2021

The National Drug Agency Department of the Institute of Public Health, through exempt resolution No. 01746 of September 6, 2021, approved a guide to provide guidelines regarding the technological transfer of pharmaceutical production processes, necessary to obtain the authorization of a new manufacturer of a medicament, maintaining the previously authorized one...

Electronic Commerce Regulation is published in Chile
Carey, September 2021

On September 23, 2021, the Ministry of Economy, Development and Tourism published in the Official Gazette the Electronic Commerce Regulation ("Regulation"). It will become effective on March 24, 2022, according to its transitory article. This Regulation, complying with the provisions of Article 30 and Article 62 of Law No...

Regulation on the design, construction and operation of hydraulic works is amended
Carey, September 2021

Decree No 131 of the Ministry of Public Works, published in the Official Gazette on September 15, 2021 (the "Decree No 131"), comes to amend DS No 50 / 2015 (the "Decree No 50"), Regulation of Article 295 paragraph 2° of the Water Code, which establishes technical conditions to be met in the design, construction and operation of hydraulic works of Article 294, consisting, among others, in dams or reservoirs with a capacity greater than 50 thousand m3 or whose wall is more than 5 mete

Chilean Executive Presents “FinTech Law” Bill
Carey, September 2021

On September 3, the executive presented to Congress the anticipated draft of the "FinTech Law", the new regulation that proposes a legal framework applicable to FinTech companies in Chile (the "Bill"). Until now, FinTech companies in Chile have operated without their own or specially designed legal framework, which has generated a series of regulatory inconveniences that have impacted their business model and hindered the development of these technologies in Chile...

Chilean FNE and Ministry of Economy Issue new Merger Notification Regulation
Carey, September 2021

On September 6, 2021, the National Economic Prosecutor's Office ("FNE") and the Ministry of Economy announced a new regulation regarding the mandatory or voluntary merger control notification, as provided for in Title IV of Decree Law No. 211...

Border Closure for Foreigners is Extended until September 30
Carey, September 2021

Kindly note that Decree No. 221, of the Ministry of the Interior and Public Security, was published today, extending the validity of Supreme Decree No. 102, of 2020, of the Ministry of the Interior and Public Security, which provides for the temporary closure of places authorized for the entry and exit of foreigners, due to public health emergency of international importance given the outbreak of the new Coronavirus (2019-NCOV) , until September 30, 2021...

Amendment to Law 20,659 known as Company in One Day: Improvements and New Functions
Carey, August 2021

A few days ago, Law 21,366 was published in the Official Gazette amending Law 20,659 (of May 2013), which created a complete digital system (and parallel to the traditional system of public deed and extract registered in the Registry of Commerce and published in the Official Gazette), to incorporate, modify and dissolve commercial companies. This system, administered by the Registry of Companies and Corporations or "RES" ( www.registrodeempresasysociedades...

Amendments to Law 20,659 known as Company in One Day
Carey, August 2021

A few days ago, Law 21,366 was published in the Official Gazette amending Law 20,659 (of May 2013), which created a complete digital system (and parallel to the traditional system of public deed and extract registered in the Registry of Commerce and published in the Official Gazette), to incorporate, modify and dissolve commercial companies. This system, administered by the Registry of Companies and Corporations or "RES" (www.registrodeempresasysociedades...

New Law on the Labeling, Advertisement, and Sales of Gluten Free Foodstuff
Carey, August 2021

On August 18 th , 2021, Law No. 21,362 (the “ Law ”) was published in the Official Gazette. The Law introduces several modifications to different other laws in connection with the labeling, advertisement, and sales of gluten free foodstuff products. Firstly, the Law modifies Law No. 20,606, commonly known as Labeling Law...

Law No. 21,363 that Sets Forth Rules Regarding Commercialization and Advertising of Alcoholic Beverages is Published
Carey, August 2021

On August 6th of 2021, Law No. 21,363 (hereinafter the “Law”) was published in the Official Gazette. The Law introduces modifications to Law No. 19,925 about expenditure, commercialization and production of alcoholic beverages, and other associated Laws, establishing different limitations to the advertising of alcoholic beverages, as well as the obligation of including warnings about harmful consumption in the container of these kind of products...

Electronic Labor Documents are Modified in the Chilean Labor Code
Carey, July 2021

On July 27 th , 2021, Law No. 21,361 (hereinafter, the “ Law ”), which modifies the Labor Code in connection with electronic employment documents, was published in the Official Gazette...

Protected Frontiers Plan Enters into Force Today
Carey, July 2021

As of today, July 26 the Chilean borders will open so that all those who have a “Mobility Pass” can exit the country, although current restrictions for non-resident foreigners have been maintained. The is subject to modification in view of the development of the Covid-19 outbreak in the national territory...

Bills to Establish Maximum Prices for Food and Construction Materials for Housing is Presented in Congress
Carey, July 2021

On May 25, deputies Karim Bianchi, Boris Barrera, Jaime Naranjo, Alexis Sepúlveda and Pedro Velásquez presented a bill That seeks to to assign the Chilean Competition Court ( Tribunal for the Defense of Free Competition - " TDLC ") the authority to Set maximum consumer prices for food and housing repair related-products, in the event of a constitutional state of exception...

New Public Tenders of the Ministry of National Assets, for the Development of Renewable Energies
Carey, July 2021

With the purpose of promoting the development of clean energies, the Government is preparing new public tenders of State-owned land, to award lots in 20 different properties (see summary table at the end). This offering is significant because more than 40% of the installed capacity in renewable energy generation is on State-owned land. Currently, there are 200 executed contracts for about 80,000 hectares of land for this type of project...

Law No.21,360 that Adjusts the Amount of Minimum Monthly Income
Carey, July 2021

On July 12th, 2021, Law No.21.,360 (hereinafter, the “Law”) was published in the Official Gazette, which adjusts the minimum monthly income, the maternal and familiar assignment, the family allowance and the allowance to reach a guaranteed minimum income...

Law No.21,360 that Adjusts the Amount of Minimum Monthly Income
Carey, July 2021

On July 12th, 2021, Law No.21.,360 (hereinafter, the “Law”) was published in the Official Gazette, which adjusts the minimum monthly income, the maternal and familiar assignment, the family allowance and the allowance to reach a guaranteed minimum income...

Law No.21,360 that Adjusts the Amount of Minimum Monthly Income
Carey, July 2021

On July 12 th , 2021, Law No.21., 360 (hereinafter, the “ Law ”) was published in the Official Gazette, which adjusts the minimum monthly income, the maternal and familiar assignment, the family allowance and the allowance to reach a guaranteed minimum income...

Law No.21,360 that Adjusts the Amount of Minimum Monthly Income
Carey, July 2021

On July 12th, 2021, Law No.21.,360 (hereinafter, the “Law”) was published in the Official Gazette, which adjusts the minimum monthly income, the maternal and familiar assignment, the family allowance and the allowance to reach a guaranteed minimum income...

“Pro Consumer" Bill that Amends the Consumer Protection Act Moves Forward, After Being Approved by the Chamber of Deputies
Carey, July 2021

On January 24th, 2019, the Executive Power submitted to Congress a bill of law that establishes measures to encourage the protection of consumers' rights -Bulletin No. 12,409-03- (hereinafter, the "Bill"). The Bill is known as the "Pro-Consumer Bill", since it amends Law No. 19,496 Consumer Protection Act ("CPA"), seeking to reinforce the rights of consumers and incorporate new obligations for suppliers...

FMC and Superintendence of Pensions Publish, for Public Consultation, New Joint Regulation on Social Security Financial Advisory
Carey, July 2021

Considering the recent amendments on social security matters introduced by law 21,314 -especially those set through its article 4- on June 25, 2021, the Financial Market Commission (“ FMC ”) and the Superintendence of Pensions (“ SP ”) opened a public consultation process on a new regulation, to rule social security financial advisory (the “ Regulatory Proposal ”)...

Law N°21.248 Priorizes Human Consumption of Water in State of Catastrophe
Carey, July 2021

On June 17, 2021, Law 21,348 (hereinafter, the " Law ") was published in the Official Gazette, the purpose of which is to legally guide the powers of the President of the Republic (hereinafter, the " President ") regarding the state of constitutional exception of catastrophe due to public calamity, in order to guarantee, in situations of pandemic, health crisis and natural disasters, the access and availability in sufficient quantities of water to the affected population...

Chilean Central Bank Launches Public Consultation on Proposed Amendments to Chapters III.B.1 and III.D.1 of the Compendium of Financial Regulations
Carey, July 2021

On June 29, 2021, the Central Bank, pursuant to the resolution reached by its Board in the meeting held on June 24, 2021, launched a public consultation on proposed amendments to Chapters III.B.1 and III.D.1 of the Compendium of Financial Regulations (“CFR”)...

National Electric Coordinator Opens a Public Consultation Process to Set Criteria for the Application of the Open Access Regime
Carey, June 2021

On June 9, 2021, the National Electric Coordinator (“CEN”) opened a public consultation process on  a draft Internal Procedure (the "IP") that will provide the criteria applicable to the Open Access Regime established in Articles 79° and 80° of the General Law of Electric Services ("LGSE"), as a result of the entry into force of the Regulation on Transmission Systems and Transmission Planning (the "Regulation")...

Law No. 21,353 Establishes New Tax Measures for Micro, Small and Medium-Sized Companies
Carey, June 2021

On June 17, 2021, the Law No. 21,353 was published, which contemplates the following new tax measures to support micro, small and medium-sized companies in the context of the crisis generated by Covid-19: Temporary reduction of the penal interest rate for SMEs from 1.5% to 0%, for each month or fraction of a month, in case of default in the payment of all or part of any kind of taxes and contributions due...

 

 

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