Carey

On September 27th, 2022, Law No. 21,488 was enacted, incorporating new crimes in the Chilean Criminal Code sanctioning the theft of timber. The new regulation, in its first article, adds the "Paragraph IV ter. of the theft of timber" in the Chilean Criminal Code to grant a special regulation of these crimes. Thus, if the value of the timber obtained through the theft exceeds approximately USD 615.00, an accessory penalty will be applied consisting of a fine of USD 4,615.00 to USD 6,154.00. Additionally, in those cases in which the stolen timber exceeds approximately USD 3,077...

In the CyberMonday event, from October 3 to 5 2022, will be fully in force the reforms to Law No. 19,496 on Consumer Rights Protection in the field of e-commerce, introduced mainly by the "Pro-Consumer" Law and the Electronic Commerce Regulation. The following are the main aspects and obligations to be taken into consideration for the event: Promotions, offers, contests and sweepstakes must disclose the terms and conditions governing them and their term of duration. Offers and promotions must be real. All discounts and more favorable conditions must be calculated on the supplier's usual price and/or conditions...

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...