Market: Chile

Chile defeats international arbitration claim over bus network

An International Centre for Settlement of Investment Dispute (ICSID) tribunal has dismissed a US$354 million claim against Chile brought by Colombian investors in a concession for a public bus system in Santiago, finding that the impact of fare evasion and vandalism did not amount to indirect expropriation by the state.

14 January 2021

Compliance Officer of the Year: no time for complacency

Striking a balance between a robust compliance programme and business flexibility is one of the hardest tasks for any legal team. Chilean pulp producer Arauco’s chief compliance officer, Camilo Naranjo Arias, helped roll out his company’s global compliance programme from its Chilean headquarters, marrying up different requirements across borders to ensure the business has a solid, united compliance front.

13 January 2021

AB InBev beer brand to sponsor Chile’s Colo Colo

Chilean law firm FerradaNehme has helped the local branch of Belgian brewer Anheuser-Busch InBev seal an agreement to sponsor one of Chile’s biggest football teams, Colo Colo.

13 January 2021

Chile sanctions 14-year bus cartel

Chile’s specialist competition tribunal has fined 11 bus operators for colluding to restrict the number of buses in operation in two southern cities, despite the companies claiming that the country's government had endorsed their agreements, reports Latin Lawyer's sister publication Global Competition Review.

08 January 2021

Carey, Vicuña Abogados and Ugarte & Correa in Nestlé acquisition

Chilean law firm Carey has helped food multinational Nestlé acquire local premium chocolate company La Fête Chocolat for an undisclosed value.

07 January 2021

Honorato Delaveau hires partner to lead new regulatory practice

Chile’s Honorato Delaveau has hired the general manager of financial services group Tanner to head its new corporate governance, IT and financial regulation department.

06 January 2021

Cuatrecasas hires nine partners across Chile, Colombia and Mexico

Iberian law firm Cuatrecasas has added substantial firepower to its Latin American offices by hiring five partners in Chile – four of them from Guerrero Olivos, including Roberto Guerrero Valenzuela – three partners in Colombia (including Brigard Urrutia’s former banking head) and a tax partner in Mexico.

23 December 2020

Barros & Errázuriz in AquaChile capital increase

Barros & Errázuriz Abogados has helped Chilean food conglomerate Agrosuper make a US$245 million capital increase in its listed affiliate AquaChile as part of a company reorganisation.

18 December 2020

Three firms in Chilean toll road financing

Chile’s Larrain y Asociados has helped a local subsidiary of Spanish transport and infrastructure company Grupo Aleatica obtain a US$180 million financing for the construction of a motorway in central Chile.

18 December 2020

Barros & Errázuriz and Honorato Delaveau seal Chilean fund manager buy

Barros & Errázuriz Abogados has advised Chilean finance start-up Finix acquire local fund manager Administradora General de Fondos (AGF) from Vision Advisors.

16 December 2020

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