- Latin America
Amendments to Chile’s Corporate Criminal Liability Law Enter Into Force
– The Importance of Strong Crime Prevention Programs –
On January 21, 2020, a group of representatives in the lower chamber of the Chilean Congress submitted a motion to systematize economic and environmental crimes, arguing that the then-existing Chilean criminal law was inadequate to address this specific time of criminal activity. According to the proponents of the new law, the fight against “white collar” crimes, which normally are committed by persons with relatively higher education and social position, required modernization of the weak Chilean law, specifically, strengthening of various matters, such as the applicability and likelihood of custodial sanctions, the amount of fines, the method of holding legal entities criminally liable. The result of the legislative debate was Law No. 21,595 (“Economic Crimes Law” or “Law”), which introduced substantial...To read the full article, please see the PDF file
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Latin America Newsletter
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Makoto is an M&A/corporate partner. He has advised on numerous cross-border and domestic mergers and acquisitions for a variety of clients including business entities, financial institutions and private equity funds. He also worked for a leading Brazilian law firm for one year and is a key member of the Latin American Practice Group of Nishimura & Asahi, and provides legal advice to clients that operate businesses in Brazil and other Latin American countries.