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Law N°21,240 that Modifies the Criminal Code and Law 20.393, to Sanction the Infringement of Isolation or Other Preventive Measures Issued by Sanitary Authorities, in the Context of a Pandemic or Epidemic
Carey, June 2020

On June 20th., it was published Law N°21.240, bill which was approved last Wednesday 17th by the Congress. The New Law increases sanctions for the infringement of quarantines and sets forth responsibility for Employees and Legal Entities. Article 318 of the Criminal Code punishes anyone who “jeopardizes public health by the infringement of hygienic and sanitary norms properly published by the authority, in the context of a catastrophe, pandemic or contagion...

Agricultural and Livestock Service Issues Regulations to Adapt the Availability of its Services Regarding the Program of Exports of Origin During the Covid-19 Pandemic
Carey, June 2020

Considering the Covid-19 pandemic, the Agriculture and Livestock Service (Servicio Agrícola y Ganadero, "SAG") issued the Exempt Resolution No. 3,439, dated May 19, 2020 to update the Program of Exports of Origin. (View update here.) This Resolution was published in the Official Gazette on June 10, 2020...

New Instructions for Movement Permits for Essential Workers
Carey, June 2020

According to the announcements of the authority in recent days, the new instructions for movement permits (hereinafter “Instructions”) were published on June 12, which will be effective as of Monday, June 15 at 05:00 am. The main modifications introduced by this new version of the instructions are the following: 1. Types of collective permits...

Commission for the Financial Market Pronounces Regarding the Scope of the Application and Effects of the New Article 30 of Law No. 21,227 - Covid Unemployment Insurance Law
Carey, June 2020

The Commission for the Financial Market (“ CMF ”), on May 28, 2020, has issued the Official Letter No. 22,260 (the “ Official Letter ”) in response to the pronouncement request sent by the Treasury Minister of the Chilean Government, Mr Ignacio Briones Rojas, to clarify the scope of the enforcement and the effects of the new article 30 of Law No. 21,227, which empowers the access to the unemployment insurance benefits provided in Law No...

Circular No. 32 Issued by the Chilean IRS: Tax Treatment of Expenses Incurred due to Covid-19
Carey, May 2020

On April 29, 2020, the Chilean IRS issued instructions regarding the tax treatment of expenses incurred in connection with the health emergency caused by Covid-19. Additionally, the Tax Authority refers to the general requirements for all expenses and the tax treatment of some donations. I. Regarding the general requirements on deduction of expenses In accordance with Article 31 of the Income Tax Law, recently amended by Law No...

Modification of Decree Nº 466, of 1984, of the Ministry of Health, Which Approves the Regulation in the Matter of Electronic Commerce of Medicines
Carey, May 2020

On May 7, 2020, the amendment to Decree No. 466 was published in the Official Gazette, which approves the Regulation of Pharmacies, Drugstores and other pharmaceutical establishments, regarding the sale of medicines through electronic means. Particularly, article 8 of said Decree is modified, in order to allow the electronic sale of medicines in pharmacies, incorporating the following sentence: "Pharmacies may dispense medicines through electronic means...

Sernapesca Adopts New Measures to Contain the Impact of COVID-19 in the Salmon Industry
Carey, May 2020

The National Fisheries and Aquaculture Service (“Sernapesca”) has issued a series of resolutions. Resolutions No 672/2020 , No 725/2020 and No 805/2020 - that incorporate new measures to those indicated in Resolution No. 565 dated March 16, 2020 which authorized the adoption of certain measures in salmon farming centers in the context of COVID-19...

New Measures Taken by the Chilean Authority Against the Pandemic
Carey, May 2020

I. Update of sanitary measures published this week in the Official Gazette On Wednesday, May 13, Resolution No. 341 of the Ministry of Health was published, which provides for a series of sanitary measures, among which the following stand out, since they modify measures that have been implemented to date: Any concentration of more than 50 people in a certain place, regardless of its nature, or whether it takes place in open or closed spaces, is forbidden...

Financial Market Commission Issues Regulation Regarding the Treatment of Provisions and Information Requirements for Covid-19 Loans
Carey, May 2020

These provisions will apply until October 31th, 2021. The Financial Market Commission (CMF) reports that its Council approved on April 30th, 2020 a regulation (Circular No. 2,252), containing provisions for banks with regard to Covid-19 loans from the Guarantee Fund for Small and Medium-Sized Companies (FOGAPE)...

Subsecretary of Fishing and Aquaculture Extends Plantation Terms and Provides Recommendations to Operate
Carey, May 2020

In the context of COVID-19, the Undersecretary of Fishing and Aquaculture (Subpesca) issued Resolution No. 1068 (Res. 1068), which provides the extension in a month, of the terms for sanitary rests and harvest regulated in articles 23 Ñ and 23 R of Supreme Decree No. 319/2001, Sanitary Regulation for Aquaculture, in all farming centers. Recommendations In addition, by means of Res...

New Temporary Measures Implemented by the National Institute of Industrial Property (CLPTO) due to National Pandemic Contingency for COVID-19
Carey, May 2020

On April 30, 2020, the CLPTO announced the temporary application of new measures issued in relation to deadlines, procedures and legal requirements in administrative and contentious processes, with the aim of facilitating the compliance of legal obligations by applicants and users. Previously, the CLPTO had granted ex officio, through the Exempt Resolution No...

Operation of Chilean Courts of Law Due to COVID-19
Carey, April 2020

Due to the health emergency triggered by COVID-19, various measures that affect the normal operation of the courts of law, have been decreed and adopted by each of the Courts: The Chilean Supreme Court has issued various instructions, all of which may be checked at https://www.pjud.cl/noticias-emergencia-sanitaria, underscoring, among others: Favoring teleworking for judges, court officials and attorneys-at-law. Suspending customer service...

SERNAC's New Interpretative Circular on Safeguarding the Health of Consumers and Alternative Measures for Compliance, Suspension and Extinction of Benefits, in the Face of the Coronavirus Pandemic
Carey, April 2020

In April 2020, the National Consumer Service (SERNAC) published the "Interpretative Circular on Safeguarding Consumer health and alternative measures for compliance, suspension and extinction of benefits in the Face of the coronavirus pandemic (Covid-19)...

SERNAC's New Interpretative Circular on Supplier's Good Practices in the Context of the COVID-19 Pandemic
Carey, April 2020

On April 20, 2020, the National Consumer Service (SERNAC) published the "Interpretative Circular on Supplier’s Good Practices in the context of the Covid-19 Pandemic", which seeks to establish the main concepts and criteria for companies to promote good commercial practices in order to protect consumers, especially with regard to their health and physical and psychological integrity...

Life Sciences Alert
Carey, April 2020

On April 15th, Exempt Resolution No. 258, that determines certain maximum prices in accordance with the abilities granted to the Ministry of Health by Decree No. 4/2020, was published in the Official Gazette...

Chilean Central Bank Increases Upper Thresholds for the Investment in Alternative Assets by Pension Funds
Carey, April 2020

The Chilean Central Bank increased the upper thresholds for the investment in alternative assets by Pension Funds type A, B, C, and D, with the purpose of “promoting the diversification of Pension Funds' portfolios, granting them access to a better combination of risk and return ”. In the case of Pension Funds type E, the former limit was kept...

Tax Alerts
Carey, April 2020

Decree No. 553 establishes a tax measure for taxpayers subject to the presumptive income regime     On April 18, 2020, Decree No. 553 was published, which, in addition to Decree No. 420 , extends the deadline for taxpayers subject to the presumptive income tax system to exercise the option to pay taxes on income obtained during 2019, on the basis of effective income determined under full accounting. The deadline is extended until 31 July 2020...

Update on Online Actions and Procedures in Mining Matters due to the COVID-19 Pandemic
Carey, April 2020

In addition to those actions taken that benefit all industries, especially regarding labor and tax matters, the mining industry has been subject to some specific permits and proceedings. Collective Safe-Passage Permits...

Obligation of Using Masks
Carey, April 2020

On April 17th, 2020 was enacted Exempt Resolution No. 282 by the Ministry of Health which established the obligation of using mask on certain places and circumstances (the “Resolution”). 1...

Chilean Supreme Court Reaches Agreement Regarding the Operation of the Judiciary during the National Health Emergency
Carey, April 2020

ACT Nº 53-2020 of the Chilean Supreme Court, recently enacted, attempts to establish a set of norms that balance the protection of public health (to both members of the Judiciary and the general public) with the continuity of the judicial service, with the purpose of facing and getting through the contingency that endangers it...

Commission for the Financial Market Establishes Deadlines for the Submission of Information by Insurance Entities and Suspends Examination for Insurance Brokers and Claims Adjusters
Carey, April 2020

On April 9, 2020, the Commission for the Financial Market ("CFM") issued Directive Nr. 1146 which, according to the situation associated with the outbreak of Covid-19 and the State of Constitutional Disaster Emergency, resolved the following:   I. Establishing by 2020 the following deadlines for the submission of reports on the following regulations: General Rule Nr...

SERNAC’s new Interpretative Circular on the Suspension of Terms of Legal, Voluntary and Satisfaction Guarantees during the Health Crisis of COVID-19
Carey, April 2020

On April 9, 2020, the National Consumer Service (SERNAC) published the "Interpretative Circular on the suspension of terms of legal, voluntary and satisfaction guarantees during the health crisis of COVID-19". The document seeks to provide a harmonious interpretation of Law No. 19,496, Consumer Protection Act (CPA) and its principles, in the light of the measures adopted as a result of COVID-19 that have affected compliance with obligations arising from consumer contracts...

Competition Court Publishes New Decree (Auto Acordado) No. 21/2020 on Extraordinary Consultations Made Under Article 18 No. 2 of Law Decree No. 211
Carey, April 2020

On April 7, 2020, the Chilean Competition Court published on its website Decree (Auto Acordado) No. 21/2020 on extraordinary consultations made under Article 18 No. 2 of Law Decree No. 211, effective as of the same date.   I...

AFC Published the Schedule for the Implementation of New Law on Employment Protection
Carey, April 2020

On April 8th, 2020, it was published on the Official Gazette Ruling No.88 (issued by the Undersecretary of Treasury), required by law No.21,227 on employment protection (hereinafter, the "Law"), for purposes of accessing to the unemployment insurance benefits established in the Law...

New Law on Guaranteed Minimum Income
Carey, April 2020

On April 3rd, 2020, Law No.21,218 (the “Law”), which creates a monthly subsidy (the “Subsidy”) borne by the State of Chile, in order for employees to reach a minimum guaranteed income, was published on the Official Gazette.   I. Requirements that employees must fulfill in order to be eligible for the Subsidy Having a valid employment contract, pursuant to the Labor Code. Their regular working schedule must exceed 30 hours a week...

Online Actions and Procedures in Mining Matters due to COVID-19 Pandemic
Carey, April 2020

The mining industry has been subject to some specific measures due to the COVID-19 pandemic. I. Collective Safe-Passage Permits. According tonumber 10.bof theinstructionsfor travel permitsissued bythe Ministry of Internal Affairs and Public Security1,updatedonApril2nd, 2020, mining companies and their related industries are considered as part of those basic services, utilities, and services with a high degree of social worth...

Special Requirement Imposed by the Civil Aeronautical Board to Non-Regular Flights Operations
Carey, April 2020

On March 25, 2020, and as the Chilean authority holding the superior direction of the civil aviation, the Civil Aeronautical Board (Junta de Aeronáutica Civil) issued the resolution Resolución Excenta Nº280 (“RE280”). The RE280 was issued based on the need to reduce the risks associated to the spreading of the Covid-19 virus through the air transport during the sanitary emergency period...

Law that Authorizes Access to the Benefits of the Unemployment Insurance of the Law No. 19,728 in Exceptional Circumstances
Carey, April 2020

On April 6, 2020, the new law on employment protection (hereinafter, the "Law") entered into effect, within the context of a series of emergency measures taken by the Chilean authority as a result of the COVID-19 disease.The new Law provides the possibility of accessing the coverage of the unemployment insurance in three main scenarios:I...

SERNAC's New Interpretative Circular on Distance Contracts During the COVID-19 Pandemic
Carey, April 2020

On April 6, 2020, the National Consumer Service (SERNAC) published the "Interpretative Circular on distance contracts during the COVID-19 pandemic", which seeks to set general guidelines regarding distance contracting with consumers during the constitutional state of catastrophe due to public calamity. To safeguard the basic rights embodied in Law No...

Subsecretary of Fishing and Aquaculture Establishes the Suspension of Term, Procedures and Other Measures
Carey, April 2020

On March 31, 2020, the Subsecretary of Fishing and Aquaculture (“Subpesca”) issued the Exempt Resolution N° 886 (“Res. 886”) which provides the suspension of terms, procedures and other measures, as a consequence of the force majeure event caused by Covid-19. The suspension is effective as of March 18, 2020 and until it is reversed by another act.   I. Terms and procedures subject to suspension. According to Res...

Ministry of Transports and Telecommunications and Certain Telecoms Operators Promote “Solidarity Connectivity Plan”
Carey, April 2020

In order to allow telecommunications´ users connectivity in case that, due to force majeure, they cannot pay their monthly bills, the Ministry of Transport and Telecommunications has agreed with some operators of mobile and fixed telecommunication services in the country, the establishment of a " Solidarity Connectivity Plan "that will be effective from April 1, 2020...

New Compliance Measures for Legal Entities Related to the Criminal Offense of Fraudulent Obtaining of Benefits by COVID-19
Carey, April 2020

On April 6, 2020, Law No. 21,227 came into force, allowing access to unemployment insurance benefits under Law No. 19,728, in exceptional circumstances. This law, in its Article 14, Title III "Final Provisions", provides for a new criminal offense consisting of fraudulently obtaining supplements, benefits and / or profits due to the pandemic caused by Covid-19...

Superintendence of Environment and the Environmental Assessment Service Extend Term Suspension Measures in the Context of COVID-19
Carey, April 2020

I. Superintendence of Environment orders the extension of the terms suspension in sanctioning proceedings and other actions. On March 30, 2020 the Superintendence of Environment (“SMA”) issued Exempt Resolution No. 548 (“Res. 548”), which extended the term suspension measures ordered by means of Exempt Resolution No...

Law on Court Deadlines
Carey, April 2020

1. The Chilean Supreme Court is vested with the powers to order the suspension of hearings whenever they cannot be carried out because no basic guarantees can be offered for due process. This is due to the restrictions imposed by the Government in the context of the constitutional exception state, such as the limitations to freedom of movement or to the entry into or exit from certain territories, or due to the consequences of the sanitary emergency...

New Law Modifies 30-Days Payment System
Carey, April 2020

On April 3rd, 2020, a new Law that amends Law No. 19,983, which regulates the transfer and grants direct enforceability to the copy of invoices, on certain aspects that were recently amended by Law No. 21,131 on 30-days payment, was enacted . The most relevant modifications introduced by this Law aim to benefit small sized businesses (micro, small and medium sized businesses as per defined in Law No...

Decree No. 420 to Support Families, Employees and Micro, Small and Medium Enterprises Due to the Difficulties Generated by the COVID-19
Carey, April 2020

On March 30, Decree No. 420, which contains various tax measures that seek to provide greater liquidity to companies, SMEs and employees, was published. The Decree No. 420 considers the following measures: 1. Deferral of the payment of VAT corresponding to the months of April, May and June 2020, under the following rules: to...

Law No. 21.225 to Support Families and Micro, Small and Medium Enterprises due to COVID-19 and Procedure for Obtaining and Recovering Passwords
Carey, April 2020

Law No. 21,225 to Support Families and Micro, Small and Medium Enterprises due to Covid-19   On April 2, 2020, Law No. 21,225, which materializes some of the measures of the Emergency Economic Plan announced by the Government of Chile last Thursday, March 19, was published. The measures contained in this law are the following: Family Income Support Bonus for recipients of certain family subsidies and individuals or families from the most vulnerable 60% of the population...

Labor Board Promotes the Suspension of Collective Bargaining During Health Emergency / Resolution by the Labor Board on the Labor Effects of Health Measures Issued by the Authority
Carey, April 2020

Labor Board promotes the suspension of collective bargaining during health emergency   On Monday, March 16th, the Labor Board issued Service Order No. 1, which on the option of extending the term for collective bargaining in order to defer the day of voting for a strike...

Current Scope of COVID-19 in the Insurance Market
Carey, March 2020

From a commercial perspective, the main challenge for insurance companies and insureds has been to determine whether events such as pandemics, epidemics, economic losses due to quarantines, etc. in connection with Covid-19 are covered or not by their insurance policies...

Frequently Asked Question about Labor Law in Times of COVID-19
Carey, March 2020

I. Payment of remunerations by Employers to employees not rendering services Employees subject to medical leave : Normally, the employer is not required to pay remuneration. The employee should receive a subsidy from the relevant health institution...

Measures Regarding Basic Services in the Face of COVID-19
Carey, March 2020

On 27 March 2020, the Chilean Government announced that the Ministry of Energy reached an agreement with power distributors to roll out a contingency plan that helps Chilean households pay the electricity bills during the State of Catastrophe...

Measures Taken by the Chilean National Customs Service Regarding COVID-19
Carey, March 2020

Considering the Covid-19 pandemic and Chile's declaration of a State of Catastrophe, the National Customs Service ("Servicio Nacional de Aduanas," SNA) has issued certain regulation to facilitate electronic foreign and domestic trade operations and to protect the health of people involved in its operations. Regulations currently in force and effect: A. Circular Letter No...

Q&A Regarding Procedures before the Chilean Public Health Institute and the Power to Set Prices for Certain Pharmaceutical Products, Medical Devices, Etc. is Established
Carey, March 2020

Q&A procedures before the Public Health Institute (ISP)   May I file for sanitary registrations? Requests for sanitary registrations for pharmaceutical products, cosmetics and others regulated, as well as for their modifications, may be filed for through the GICONA portal, and official tariffs shall be paid only through electronic transfer of funds...

Bills of Law on Sanitary Matters, filed in the context of the current situation
Carey, March 2020

In the context of the current sanitary alert, several bills of law have been filed with Congress, seeking to regulate certain aspects associated to states of emergency and sanitary crises in particular.To such ends, the bills that stand out are:I. Bill prohibiting and penalizing price increases in the face of epidemics or pandemics:On Tuesday 17 March 2020, a bill was filed with the Lower Chamber (Newsletter 13...

Chilean Central Bank Sets Rules on Financing for Banking Institutions to Support Funding and Refinancing of Loans and Postpones Deadlines to Facilitate Applications to Public Contests
Carey, March 2020

26 March 2020 Chilean Central Bank sets rules on special financing for banking institutions to support funding and refinancing of consumer andcorporate loans, along a temporary flexibilization of its regulation onliquidity management in the banking industry As a response to the financial tensions triggered by the dissemination of Covid-19, the Chilean Central Bank (BCCh) announced on Monday 23 March 2020 a series of measures aimed atgranting liquidity for the economy and supporting the

Operation of Criminal Courts, the Prosecutor's Office and Police Forces
Carey, March 2020

In the context of the health alert issued by the Ministry of Health and the subsequent declaration of a state of Constitutional Exception of Catastrophe in Chile, due to public calamity, a series of measures have been set in place, altering the regular operation of Criminal Courts, as well as for the Chilean Prosecutor's Office and Police Forces.   I...

New Bills Which Affect the Criminal Process
Carey, March 2020

As a result of the health alert decreed by the Ministry of Health and the subsequent declaration of a state of Constitutional Exception of Catastrophe in Chile, due to public calamity, several bills have been presented, which affect the criminal process, among others, bulletins N° 13.343-07 and 13.358-07. I. Bill that Establishes a Legal Regime of Exception On March 24th, 2020, the President of the Republic submitted a bill to the Chamber of Deputies, Bulletin No...

Exempt Resolutions No. 200 and No. 203 from the Chilean Ministry of Health, on COVID-19 Outbreak
Carey, March 2020

Exempt Resolution No. 200 from the Ministry of Health, instructing the lockdown of cinemas, theaters, pubs and health clubs and banning customer service at restaurants and coffee shops On 20 March 2020, and as a result of the measures implemented by the Chilean Government to face the Covid-19 pandemic, the Ministry of Health issued Exempt Resolution No...

Ruling 6785-20 Issued by the Office of the Comptroller Due to the Measures Adopted by Mayors on Account of the Sanitary Emergency Situation
Carey, March 2020

On 24 March 2020, and due to the varied measures adopted by mayors and municipal authorities affecting, among others, commercial establishments, the Office of the Comptroller General of the Republic (“the Comptroller” or the “CGR”) published Ruling 6785-20 (the “Ruling”)...

Chilean Central Bank Informs Conditions for Credit Facility Conditioned to the Increase in Placements (FCIC) and Supplementary Measures
Carey, March 2020

As a response to the financial tensions triggered by the dissemination of Covid-19, the ChileanCentral Bank (BCCh) has announced a series of measures aimed at granting liquidity to theeconomy, support the flow of credit and the conveyance of the monetary policy. A core component of these measures is that of a Credit Facility Conditioned to the Increase inPlacements (FCIC)...

Chilean Superintendence of Environment and Environmental Assessment Service Order the Suspension of Terms and Enforce Virtual Channels in the Context of Covid-19
Carey, March 2020

Superintendence of Environment orders the suspension of terms and enforces virtual channels in the context of Covid-19 The Superintendence of Environment has suspended all of sanctioning proceedings and implemented virtual channels to receive consultations, complaints and replace its reception office...

Consumer Law and SERNAC's Supervisory Role Facing COVID-19 Pandemic
Carey, March 2020

Covid-19 has had an impact on ongoing consumer contracts and their relations with suppliers. The rapid spread of the virus led the authorities to declare State of Disaster in the country, raising concern about the (i) fulfillment of consumer contracts of goods and services and (ii) an eventual price manipulation...

Obtention of Temporary Transit Permit in Quarantined Communes for Foreigners Residing in Chile, Either as Tourists or Residents and Do Not Have a “Clave Unica” or Chilean I.D. Card. for Foreigners
Carey, March 2020

In order to obtain the temporary transit permit which authorizes to carry out fundamental activities and stock up of basic goods and services, among other activities, foreigners residing in Chile either as tourists or residents and who do not have a "unique key" or Chilean ID card for foreigners (a provisional RUT may not be used for this purpose), must request this permit in person at the offices of Carabineros de Chile closest to their domicile, showing a valid passport...

Notarial Offices Shifts in Boroughs in the Metropolitan Region Under Quarantine
Carey, March 2020

Below is the detailed list set for notarial offices located in the 7 boroughs under quarantine in the Metropolitan Administrative Region, between 27 March and 02 April 2020. Said notarial offices will open between 10:30 am and 1:30 pm Borough of Santiago March 27, 2020 Notarial Office of Mr. Humberto Quezada Moreno: Huérfanos 835, Santiago Notarial Office of Mr. Vladimir Schramm López: Huérfanos 1499, Santiago March 28, 2020 Notarial Office of Ms...

Relevant Aspects of the Enforcement of Commercial Contracts in Chile in Cases of Non-Compliance Resulting from COVID-19 Outbreak
Carey, March 2020

We foresee that, as a result of the current situation of the Covid-19 outbreak in Chile, there may be a significant increase in breaches to the obligations set forth in commercial contracts, under the argument of force majeure...

Details of New Telework Law Approved by Congress
Carey, March 2020

On March 23, 2020 the bill on Telework was finally and completely approved by the Congress and ratified by the President of Chile. Therefore, according to transitory article number 2, this law will become valid and enforceable starting April 1st 2020. This law regulates telework in the following terms: I...

Tax Measures Contained in Chilean Emergency Economic Plan to Face COVID-19
Carey, March 2020

Last Thursday, March 19, the Government of Chile presented an Emergency Economic Plan to combat COVID19, which contains various economic and tax measures that seek to provide greater liquidity to companies, SMEs and employees. From the tax perspective, the Emergency Economic Plan considers the following measures: Suspending the obligation to make Provisional Monthly Payments (PPM) for the months of April, May and June 2020...

Safe-Passage Permits and Authorizations
Carey, March 2020

This news alert includes information on the way in which the authorization for safe passage permits shall be granted on account of the nighttime curfew that stands in Chile as of the evening of this Sunday 22 March 2020, as an additional measure to face the Covid-19 pandemic: Individual safe-passage permit Collective safe-passage permit Permanent authorization for emergency personnel Authorization for companies and people who carry out transport of goods Airport Staff Passengers

Chilean Financial Market Commission Announces a Package of Measures to Facilitate Credit Flow to Both Companies and Individuals / Time Extension to File Financial Information Due to COVID-19 Outbreak
Carey, March 2020

Financial Market Commission Announces a Package of Measures to Facilitate Credit Flow to Both Companies and Individuals By Diego Peralta and Diego Lasagna   On March 23, 2020, the Financial Market Commission’s Council (“CMF”) approved new measures destined to grant more flexibility to the financial system, in the context of the coronavirus Covid-19 global outbreak...

Alternatives In the Face of Financial Issues Associated to Coronavirus
Carey, March 2020

Upon the sanitary emergency triggered by COVID-19 and the consequential slowdown for commerce and the economy in general, it is likely that many companies will lack the liquidity to face payments for their creditors, suppliers, personnel, etc...

Measures Taken by the Chilean National Customs Service Regarding COVID-19
Carey, March 2020

I. Regulation In the context of the declaration of a State of Catastrophe, the National Customs Service (“NCS”) issued Exempt Resolution No. 1,179 dated March 18, 2020, by means of which the NCS adopted 13 measures to facilitate foreign and domestic trade operations electronically, and to protect the health of people involved in such operations...

Electronic Signature and Operational Continuity
Carey, March 2020

The e-signature is a tremendously useful tool to aid in the operational continuity of companies that, in the face of the restrictions to freedom of movement resulting from the expansion of Covid-19, need to digitalize their processes, including the way in which they render their consent to contracting long distance...

Chilean Government Announces New Measures
Carey, March 2020

  Regarding the State of Catastrophe and sanitary alert decreed in Chile in the face of the COVID-19 pandemic, on Sunday 22 March 2020, the Chilean Government announced the following 12 measures: Strict quarantine for the extreme-South city of Puerto Williams (except for essential cargo freighting). Strict sanitary customs in the aerial and maritime crossing to the city of Puerto Williams...

Cybersecurity and Teleworking under Conditions of COVID-19 Pandemic
Carey, March 2020

COVID-19 and the restrictions to freedom of movement this sanitary emergency has entailed have substantially accelerated the implementation of telework by companies in Chile and worldwide...

Long Distance Participation and Voting for Shareholders Meetings
Carey, March 2020

On 18 March 2020, the Financial Market Commission (“CMF”) issued general rule 435 (hereinafter “NCG No. 435”) amending general rule 273 from 2010, which, in turn, regulates the voting systems for shareholders meetings...

Temporary Measures Implemented by the National Institute of Industrial Property (INAPI) and the Industrial Property Court (TDPI) Due to the National Contingency of the COVID-19 Pandemic
Carey, March 2020

Recently, both INAPI and TDPI implemented temporary measures in terms of deadlines, procedures and legal requirements for the submission of original documents, with the aim to facilitate to applicants and users of the system to comply with legal obligations, taking into account both the difficulties in meeting these obligations and the purpose of safeguarding people's health...

Chilean Superintendence of the Environment Issues a General Instruction in the Context of COVID-19 (Exempt Resolution No. 497).
Carey, March 2020

On March 19, 2020 the Superintendence of Environment (“SOE”) issued the Exempt Resolution No. 497 (“Res. 497”), which is referred to a number of general instructions within the sanitary context caused by the coronavirus (COVID-19). I. Purpose. Carry out a permanent monitoring of the status of projects or activities and of the compliance with their applicable obligations given the current sanitary context. II. Recipients...

State of Catastrophe and Economic Measures Announced in Chile
Carey, March 2020

We invite you to read our news alert about the State of Catastrophe declared by the Chilean government and the economic measures announced today by the country's Ministry of Finance to face the covid-19 pandemic. A) State of Catastrophe is declared in Chile: Below, please find a summary of the main consequences of the “State of Catastrophe” decreed by H.E. the President of the Republic of Chile: I. Background. On 18 March 2020, H.E...

 

 

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