Category

Chile

Category

As the 2019 Novel Coronavirus (COVID-19) continues to spread across the world, and governments and health authorities work tirelessly to defeat it, major economies are experiencing mounting pressure as consumer spending, production and investment are drastically curtailed due to virus-related risks.We recognize that many of our clients are also facing significant and urgent business impact and legal challenges.Our Baker McKenzie teams across the world are working with clients, regulators and various authorities to produce a…

Introduction

On October 9, 2014, Chile’s entire bankruptcy regulation experienced the most profound modification in decades. The new Law of Insolvency and Re-Entrepreneurship provides a completely new set of rules for bankruptcy and insolvency, including new debt reorganization proceedings for companies and for individuals. The law was designed to simplify and shorten insolvency and bankruptcy procedures and make them more efficient and flexible.