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  • Latin America Labor & Employment Law Newsletter - June 2024

    In this newsletter, we analyze the labor and employment market in Latin America and compile the most relevant legal updates in this area in Chile, Colombia, Mexico, and Peru.

  • Reduction of working hours: a global trend reaching Latin America

    The reduction of working hours has been a key issue on the legislative agenda worldwide in recent years, and Latin America is no exception. While countries like Chile are already reducing the workweek from 45 to 40 hours and Colombia from 48 to 42, other jurisdictions like Mexico and Peru also have proposals on the table in this regard, but they have not yet been finalized.

  • Chile: Approval of Significant Changes in Recognition and Compensation of Energy Storage Systems and Hybrid Plants

    A methodology has been introduced to evaluate and recognize the power capacity of stand-alone energy storage systems, and the availability of data and studies has been improved to accurately identify peak hours that determine the calculation and subsequent payment of capacity, among other new features.

  • Garrigues wins the award for best law firm in the Andes in banking law

    Garrigues has been named Team of the Year for the Andean States in banking and finance law by the International Financial Law Review (IFLR), which each year selects the best deals carried out in Latin America. The editorial board of this prestigious publication focused on the cross-border component, innovation, and the valuation of the companies involved in each of the deals it analyzed.

  • Investment arbitration on the rise in Latin America

    We look at new trends in investment arbitration in Colombia, Chile, Peru and Mexico, and provide a few figures on recorded cases and industries with the largest number of disputes.

  • Peru: The deadline is approaching for Peruvian consortia, funds and trusts to submit the declaration of ultimate beneficial owner

    Any Peruvian or foreign company or investor who directly or indirectly participates in the results or exercises effective control of the legal arrangement shall take into account the declaration to be made within the first 20 days of July 2024.

  • Garrigues receives three awards for project and infrastructure financing deals at the 'IJGlobal' Awards

    Garrigues has won three awards at the IJ Global Awards, which every year single out the best advisors from the region in project and infrastructure financing. The awards were handed out in a ceremony held last night in New York, which brought together the main companies and firms operating in Latin America.

  • Mexico reinstates conditions for Clean Energy Certificates (CELs)

    This encourages investment in power generation plants through clean energy and achieves higher profitability in the commercialization of CELs.

  • México: New requirements to renew the registration in the Registry of Providers of Specialized Services or Works

    Individuals or legal entities registered in the Registry of Providers of Specialized Services or Works must renew their registration each three years.

  • Mexico's Supreme Court determines the unconstitutionality of the reform to the Electricity Industry Law enacted in 2021

    This resolution represents an important step that fosters legal certainty to all participants and investors in the energy sector in Mexico.