Business Law and Corporate Law

Chile's President has submitted a comprehensive Capital Markets Reform and Home Financing Bill that proposes significant updates to the country's capital markets legal framework.

The Chilean Government has introduced a comprehensive Capital Markets and Home Financing Reform Bill that fundamentally restructures the regulatory framework for fund management companies, including new capital requirements, the creation of investment manager roles, and enhanced operational flexibility. The proposed legislation also introduces significant tax amendments for investment fund units and establishes new mechanisms for housing finance through FONAVI funds.

Chile's Financial Market Commission has proposed consolidating regulations for Credit Rating Agencies into a single compendium, introducing significant changes to registration requirements, corporate governance standards, and information disclosure obligations.

This newsletter examines five recent Brazilian corporate law decisions addressing poison pill mechanisms in public companies, usufruct rights over quotas during partner withdrawal, voting impediments in account approval, quota transfers in real estate SPEs, and self-contracting in quota assignments. The analysis explores how courts are interpreting statutory protections, partner rights, and the temporal limits for challenging corporate transactions.

This corporate law newsletter examines four recent Brazilian court decisions addressing critical issues in corporate governance and shareholder rights. The cases explore usufruct rights over company shares, provisional administration arrangements during shareholder disputes, quota transfer procedures following a partner's death, and the enforceability of non-compete clauses in share transfer agreements.

When an Asian company seeks to expand into Mexico, the path is usually imagined as a linear and direct one: define a corporate structure, prepare the documents, and make sure that the lawyers in Mexico do their job. The problem is that, when the necessary documentation is not anticipated with precision, delays and obstacles to the expansion can arise. These do not usually stem from an underlying legal issue or from a decision of the authorities, but rather from the details of a simple document such as a power of attorney.

En toda transacción puntual, ninguna parte quiere entregar su dinero o su activo primero. Una cuenta escrow resuelve ese dilema.

When two parties negotiate a purchase, a merger or any one-time transaction, the same tension always arises: the buyer doesn’t want to pay before receiving what was agreed, and the seller doesn’t want to hand over the asset without certainty of payment. An escrow account, or guarantee deposit account, exists precisely to resolve that dilemma.

Nine in ten Mexican businesses are family-controlled, and as the founding generation transitions, most families focus on governance documents while overlooking a critical factor: the legal condition of the business itself. Carter Ledyard & Milburn's new white paper reveals why legal readiness is the gateway to every succession option—from sales and recapitalization to continued family ownership—and what families must address before deal pressure arrives.

This newsletter examines five recent Brazilian corporate law decisions addressing poison pill mechanisms in public companies, usufruct rights over quotas during partner withdrawal, voting impediments in account approval, quota transfers in real estate SPEs, and self-contracting in quota assignments. The analysis explores how courts are interpreting statutory protections, partner rights, and the temporal limits for challenging corporate transactions.

Chile's Personal Data Protection Agency has published a new regulation establishing comprehensive requirements for data infringement prevention models, including mandatory compliance programs, Data Protection Officer appointments, and certification procedures. The regulation introduces a three-year certification system that offers controllers potential mitigation of sanctions while setting forth detailed supervision and enforcement mechanisms.

El Ministerio de Hacienda de Chile ha publicado el Decreto N° 662/2025, que establece un marco regulatorio integral para los modelos de prevención de infracciones en materia de protección de datos personales.