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Recession and civil unrest are GCs’ biggest fears amid covid-19 threat
A survey conducted by LACCA reveals the majority of Latin American GCs polled are most concerned about the threat of economic instability and civil unrest to come as a result of the covid-19 pandemic. But with careful budget planning and certain changes to business and legal strategy, in-house teams can muster up the resilience that has historic...
Can Latin American companies benefit from US paycheck protection?
Small and medium-sized Latin American companies with US operations could be eligible for help from the US government’s paycheck protection programme, part of the CARES Act passed in response to the covid-19 pandemic. But while the programme has its benefits, the pool of Latin American SMEs eligible to take part is limited and, for those that do,...
LATAM follows Avianca example with New York Chapter 11
Hot on the heels of the Colombian airline Avianca, Latin America’s largest passenger airline LATAM has also become a US “bankruptcy tourist” - and has filed recognition proc...
Updated: LACCA and Latin Lawyer's covid-19 information hub
In response to the unprecedented impact of covid-19, LACCA and Latin Lawyer have launched a free-to-view and regularly updated information hub. Read about legislation and official communic...
Movers & shakers – 2 June
This month’s edition of movers and shakers in Latin America sees job changes in the consulting, manufacturing and banking sector – despite the strain on the employment market amid the covid-19 pandemic.
As the world “drowns in oil,” it’s fight or flight for Mexico’s oil sector
Mexican state-owned oil giant Pemex dominates its nation’s oil industry, but it’s also the world’s most indebted company. The global oil crisis, in part triggered by the covid-19 pandemic, spells disaster for the government’s controversial plans for the industry, but more private sector involvement could be the silver lining to come.
Could Central America benefit from a unified front against covid-19?
Governments in Central America – a region historically plagued by crime and social unrest – have produced varying responses to the covid-19 pandemic. But the region has banded together before to tackle natural disasters, immigration issues and violence – could it do the same against covid-19?
Moving the goalposts: a covid-19 vaccine poses risk to patent-holders
Covid-19 has put the world on hold; most experts say the prospect of lifting lockdown measures relies heavily on finding an effective vaccine to stop the virus spreading. Several governments look set to introduce controversial compulsory licensing laws for any breakthrough vaccine to become publicly available, but legal teams in Latin Amer...
Banking barricades: central banks brace for the impact of covid-19
When it comes to the effect of covid-19 on the economy, one word comes to mind: devastating. While governments are taking action to protect people against the public health crisis, Latin America’s central banks are putting measures in place to brace for the economic impact of the pandemic.
How do Chile and Venezuela’s travel restrictions compare right now?
The covid-19 pandemic has dramatically changed global mobility and companies have had to adapt quickly. In the second article of a series on this topic, LACCA turns to member firms of Ius Laboris, the world’s largest HR and employment law firm alliance, to provide guidance on the impact on travel, mobility and immigration in Venezuela and Chile.
Is a PDVSA restructuring looming closer?
An internal company proposal has suggested a restructuring of Venezuelan state-owned oil company PDVSA, which would privatise various company assets and allow private investors to hold larger shares in oil fields. While this pitch is welcomed by the legal and business community, there is a long list of economic, legal and political hurdles th...
Fuelling change: how covid-19 is impacting Brazil’s oil industry
It’s painfully simple. With most places around the world ground to a halt amid the covid-19 crisis, the global demand for the world’s most popular energy source – oil – has plummeted. Brazil is no exception. This is far from ideal for state-owned Petrobras, but it’s also concerning for small and medium-sized b...
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