Law No. 21,236 on Financial Portability is Published in the Diario Oficial
Carey, June 2020
On June 3, 2020, the President of the Republic enacted the law that governs the financial portability, which was published in the Diario Oficial today, June 9, 2020 (the “Law”), whose main provisions can be summarized as follows: I. Scope The Law sets an inalienable right to the financial portability for the “Clients”, i.e...
Law No 20,950 – Authorizes the Issuance and Operation of Pre-Funded Payment Methods by Non-Banking Entities
Carey, November 2016
Law No 20,590 (the “Law”), that authorizes the issuance and operation of pre-funded payment methods or any other similar system (the “Prepaid Cards”), by non-banking entities, when these systems involve that the issuer or the operator regularly engages in monetary obligations with the general public or to specific sectors or groups thereof, was published and came in force on October 29, 2016...
Supreme Court Confirms That There is Freedom to Determine Interest Rate in Money Lending Operations Agreed and Payable in Foreign Currency
Carey, September 2016
Origin of the case On March 13, 2014, Banco International filed a collection lawsuit (demanda ejecutiva) against Agrícola Santa Fe Limitada, for the non-payment of a loan in dollars, payable in said currency and documented in a promissory note...
Additional Articles
- Co-author of the Chilean chapter in ICLG – Lending & Secured Finance, Global Legal Group (2020).
- Co-author of the Chilean chapter in Global Legal Insights – Banking and Finance, Global Legal Group (2020).
- Co-author of the article «Regulatory Overview of Fintechs in Chile» in the book «Fintech: Legal Aspects», Cetys, Universidad de San Andrés, Argentina (2019).
Constituent Process in Chile
Carey
On November 15, 2019, against the backdrop of social demonstrations that had been taking place during the previous weeks, a social and political milestone occurred: the majority of the political forces represented in the Chilean National Congress reached a broad consensus. They agreed that in April...
Learning to Lead (Aprendiendo a Liderar)
Carey
The objective of the "Learning to Lead" program is to support young female lawyers to promote the development of their professional career and aquire/enhance leadership skills, both professionally and personally. The program is part of the Women in the Profession (WIP) project of the Cyrus R. Vance...
Aware of the great challenges that our clients, are and will continue to face, in Chile and in the world, due to the Covid-19 pandemic, we have prepared a microsite that aims to answer what we believe are currently the main legal questions. The answers contained in this microsite are, by nature,...
© Carey, 2020
