Carey

The National Consumer Service ("SERNAC") recently issued an "Interpretative Circular on native advertising and influencers" (the "Circular"), setting forth general guidelines on regulation, legal principles and good practices to the native advertising mechanism and the influencers. This Circular addresses the proliferation of unconventional advertising mechanisms, such as the implementation of native advertising and the emergence of influencers, which may result in the consumer not noticing their advertising nature or evaluating them less rigorously or cautiously. Pursuant to the provisions of Law No...

Through an announcement issued by the Ministry of Finance, Mario Marcel, the government presented the general outlines of its tax reform proposal. This reform would consist of four bills (two of which would be submitted to Congress during July, and the remaining ones during the fourth quarter), which will be relevant to know in order to analyze the details of this announcement. On our web page (https://reformatributaria.carey.cl) we will keep you informed of the presentation of these bills, together with the news of their discussion...

Brookfield acquires majority stake in Chilean solar power group Lily Squires The renewable energy branch of Canadian asset management fund Brookfield has turned to Carey to acquire a majority stake in Chilean solar project company Solarity. Prieto advised the seller, Chilean energy-focused holding company Light E, while the Solarity’s co-founders, Horacio Melo and José Luis Carvallo, enlisted Echeverría Ilharreborde Scagliotti. The deal closed on 17 March for an undisclosed amount. Brookfield invested in Solarity to help the Chilean energy group expand and achieve its goal of having 1,000 operational plants by 2030...

Chile’s oEnergy gets financing for solar plants Lily Squires Chilean renewables group oEnergy has hired Greenberg Traurig LLP in New York and Guerrero Olivos in Santiago to obtain financing from Corporación Interamericana para el Financiamiento de Infraestructura (CIFI) to develop solar projects. The lender turned to Clifford Chance LLP in Washington, DC and Chilean firm Carey. The deal closed on 11 March. The company will use the funds to develop 24 solar projects with a total capacity of 72 megawatts. The facilities will be constructed under Chile’s distributed generation regime, Pequeños Medios de Generación Distribuida (PMGD)...

A new project to reform and modernize the Chilean tax system, and boost investment in the country, was presented by the government of President Sebastián Piñera on August 23, 2018. Through this website, and as with the two previous tax reforms, Carey will offer an analysis of the main proposed...

Privacy, Technology and Telecommunications blog

During March 2011, a draft bill was introduced through parliamentary motion, initiating the discussion of a comprehensive amendment of the Water Code. During its legislative discussion, the project has been subject to significant changes through substitutive indications submitted in 2014 by the...