Setback for Enel as appeals court rules for AFP

Setback for Enel as appeals court rules for AFP

A Chilean appeals court has ruled that the corporate restructuring of Latin American companies belonging to Italian utilities provider Enel must be treated as a related-party transaction, after pension fund administrator and Enel minority shareholder AFP Habitat successfully sued the Chilean securities regulator over its interpretation of the restructuring.

Unlock unlimited access to all Latin Lawyer content