Covid-19 has left companies in hot water, with many falling behind on credit payments and commercial obligations. LACCA considers how legal departments can keep their businesses in the clear and try to mitigate the financial problems covid-19 might cause their companies.
During crises, companies in Latin America have historically had to take precautionary measures to sustain their business. As part of LACCA’s landmark research into Who Represents Latin America’s Biggest Companies, Eloise Hardy investigates why international firms are the first port of call for many multinationals in Latin America looking to stay afloat in troubled times.
It’s information overload for legal teams at the moment, who are inundated with guidance from external counsel on how to handle operations amid the covid-19 crisis. As governments race to push through fresh legislation each day, LACCA finds out how in-house counsel and law firms are communicating during this unprecedented time, and what is and isn’t working.
LACCA’s latest research into in-house salaries reveals that GCs in Chile and Brazil receive the highest wages in Latin America, while companies in highly regulated industries such as the pharmaceutical, food and drink, construction and financial services sectors provide the most competitive compensation packages.
