JD Supra Chile
    • JD Supra Chile

Publisher:
JD Supra
Publication date:
2019-04-29

Latest documents

  • Expanding Cannabis Operations in Latin America & The Caribbean: Chile

    Supreme Decrees No. 404/1983 (Narcotics Regulation), No. 405/1983 (Psychotropic Products Regulation) and No. 84/2015 (amends the foregoing decrees), issued by the Chilean Ministry of Health, authorize, in qualified cases and for scientific research purposes, the use of cannabis, cannabis resin, extracts and cannabis tinctures, including the manufacture of pharmaceuticals for human use, in any case with prior authorization by and control from the Chilean Public Health Institute. Likewise, they establish that pharmaceutical specialties containing cannabis, cannabis resin, cannabis extracts and tinctures may be dispensed to the public in pharmacies or laboratories by means of a medical prescription obtained with control of existence... Please see full Chapter below for more information.

  • Buying and Selling Real Estate in Chile

    KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER CHILEAN LAW -
 
 I. STANDARD FORMS OF AGREEMENTS -
 
 A. Offer to Purchase sets forth Buyer’s offer of price, date for closing, contingencies for inspections, financing etc. and date for signing a formal purchase and sale agreement. Seller may accept or reject. If the seller rejects, rejection is considered a counteroffer if reasons for rejection are informed.
 
 B. The most usual form of commitment to sell and purchase real estate, notwithstanding the property’s purpose, features of the parties, or other conditions is through a Promise Agreement. The promise agreement must detail the terms and conditions of the purchase as thoroughly as possible, or it may be deemed invalid and unenforceable. This means the promise agreement must at least include...
 
 Please see full Chapter below for more information.

  • New from Abroad -- Bill to Modify Chile's Industrial Property Law

    Recently, the Chilean Government submitted to Congress a Law Bill modifying the Industrial Property Law, the National Institute of Industrial Property Law as well as minor modifications to the Criminal Procedure Law.
 
 Originally published in Sargent & Krahn on February 3, 2019.

  • LATIN AMERICA & THE CARIBBEAN: A Legal Guide for Business Investment and Expansion - Chile

    1 .What role does the government of Chile play in approving and regulating foreign direct investment? 
 
 No governmental prior approval is needed in Chile to initiate or continue an investment from abroad.
 
 Foreign investors are welcome in Chile and subject in all main aspects to the same rules, rights and obligations of domestic investors. Foreign investors can own up to 100% of a Chilean-based company, and there is no time limit on property rights. They have access to all productive activities and sectors of the economy, except for minor restrictions in certain areas such as coastal trade, air transportation and mass media....
 
 Please see full Chapter below for more information.

  • Changes to Chile’s Competition Law

    Chile has amended its Competition Law to “consolidate [its] leadership as a sophisticated agency in Latin America.”

 

 The amendments, which were published in a new law on 30 August 2016, include the introduction of mandatory premerger notification and a two-phase merger control system, required notification for acquisitions of minority stakes, criminal penalties for cartel involvement, an increase in the maximum fine for anticompetitive conduct, and per se enforcement for interlocks between competitors under certain circumstances.

  • Recent Chilean Tax Reform Reinforces Need for U.S. Tax Treaty

    Chile is the fifth largest economy in South America and increasingly one of the most significant U.S. trading partners in the region. U.S. foreign direct investment into Chile was $39.9 billion for 2012 (the latest year for which official figures are available).

  • Chile Announces New Public Land Concessions for Non-Conventional Renewable Energy Projects

    On October 1, 2014, Víctor Osorio, Chile’s Minister of Natural Resources, announced that 200 public land concessions were being made available, through a cooperation agreement with the Ministry of Energy, to Non-Conventional Renewable Energy (NCRE) projects. The goal of the program is to use the public lands concessions to facilitate the growth of NCRE’s, all with a view to achieving Chile’s national policy of having NCREs constitute 20% of total national generation resources by 2020.

  • Antitrust Laws Are Rapidly Changing In Latin America

    In recent travels to Central America, it’s been interesting to see the number of American companies operating and distributing in the region. So in a recent telephone conference with other antitrust practitioners, I was intrigued when competition law in Latin America was discussed. I learned that, as with our firm, as the economy becomes more global and more US companies distribute abroad, antitrust attorneys are receiving more and more questions about antitrust issues in the Americas.

  • CHILE – Boom of Nonconventional Renewable Energy Projects in Chile

    In recent years and consistently, Chile has experienced a significant increase in the development of power generation projects based on nonconventional renewable energy sources (“NCRE Projects”). In addition to Chile’s economic, political and legal stability, incentives and protections to foreign investment and abundance of natural resources, the increase in NCRE Projects in Chile is substantially due to the amendments to the General Electricity Services Law (“Electricity Law”) enacted in 2008 and 2013 by Laws 20,257 and 20,698, respectively, designed to foster the development of NCRE Projects.

  • Chilean Pension Funds Market Officially Open for Business for Irish UCITS.

    Following Dechert’s series of reports in relation to the Chilean pension funds market and its accessibility to Irish UCITS, see Dechert OnPoint - Moody’s Upgrade Points to Reopening of the Chilean Pension Market to Irish UCITS and Dechert OnPoint - Irish Domiciled UCITS Moved to Restricted Investments Status by Chilean Regulator, Dechert is pleased to report that the Chilean pension funds market is officially open for business with respect to Irish UCITS.

Featured documents

  • Buying and Selling Real Estate in Chile

    KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER CHILEAN LAW -
 
 I. STANDARD FORMS OF AGREEMENTS -
 
 A. Offer to Purchase sets forth Buyer’s offer of price, date for closing, contingencies for inspections, financing etc. and date for signing a formal purchase and sale agreement. Seller ...

  • Cart Reporting In Chili – International Court Reporters

    I have a colleague/friend in Chili who is a stenographer, court reporter that uses her stenography machine to write Spanish realtime. We found each other on Twitter. Isabel uses a Mira and writes Spanish CART. An example of how her talent is used is, let’s say Microsoft needs to present a new...

  • Expanding Cannabis Operations in Latin America & The Caribbean: Chile

    Supreme Decrees No. 404/1983 (Narcotics Regulation), No. 405/1983 (Psychotropic Products Regulation) and No. 84/2015 (amends the foregoing decrees), issued by the Chilean Ministry of Health, authorize, in qualified cases and for scientific research purposes, the use of cannabis, cannabis resin,...

  • TRANSACTIONAL: What Are Chile’s Options for Meeting Its Rising Demand for Energy?

    Driven by trade liberalization and integration into the global economy, Chile has had one of the fastest-growing economies in Latin America over the past twenty years....

  • Practical Best Business Practices For Going Global in Chile

    Going global in Chile gives employers the opportunity to hire some of the leading professionals and creative talent in Latin American. The official population of Chile is just under 16,000,000, of which over 51% is female....

  • New Insurance Law in Chile

    Chile’s new insurance law came in to force on 1 December 2013. The new rules amend the Chilean Code of Commerce, including rules deriving from the 1865 Civil Code. We have summarised some of the features of the new law....

  • The Start-up Chile visa program: Chile’s gain is our loss

    The following opinion piece by Susan Cohen appeared in the December 20, 2013 issue of VentureBeat and is reprinted here with permission.
 
 
 
 The U.S. market is a magnet for foreign entrepreneurs. Yet the U.S. immigration system throws up roadblocks to entrepreneurs. There is no “s...

  • "Trends to Watch and Opportunities to Catch in Latin America"

    Concerns over slow growth in most economies; uncertainty about governments’ incentive strategies, including the U.S. winding down its bond-buying program; volatility in the stock markets globally; and inflation and deflation trends have dominated the global discussion of financial and business...

  • Doing Business in Latin America and The Caribbean: Chile

    Chile’s business environment is the result of a policy-driven strategy that has focused on building sound macroeconomic fundamentals and strong institutions, promoting competition and international integration, and creating a more equitable society in which all citizens benefit from economic...

  • Chilean Pension Funds Market Officially Open for Business for Irish UCITS.

    Following Dechert’s series of reports in relation to the Chilean pension funds market and its accessibility to Irish UCITS, see Dechert OnPoint - Moody’s Upgrade Points to Reopening of the Chilean Pension Market to Irish UCITS and Dechert OnPoint - Irish Domiciled UCITS Moved to Restricted...