Latin America Legal

Legal developments & business opportunities arising in Latin America

Our Public Policy Team is operating at the epicenter of the evolving coronavirus disease 2019 (COVID-19) global pandemic, providing clients with timely updates, guidance and resources to weather the complex uncertainties, overcome challenges, mitigate risks, enhance resilience, maintain business continuity or normalize business operations as quickly as possible. We have just issued the following publications to highlight the US legislative efforts in response to COVID-19 and to highlight some international trade-specific issues and what may…
The coronavirus pandemic (also known as “COVID-19”) outbreak has challenged humanity to control the spread of the virus and save human lives. While the world is incredulous at the rising death toll, and more than a third of the global population is experiencing social distancing and self-isolation measures for the first time in history, country leaders have been negotiating stimulus aid packages to ease the economic impact of the coronavirus outbreak. At the same time,…
The first quarter of 2020 is not ending on a positive note for most parts of the world, including Latin America. In the midst of the global COVID-19 pandemic outbreak caused by the novel coronavirus, the region is also facing the consequences of a historic dengue epidemic and feeling the impact of the oil pricing dispute between Russia, Saudi Arabia and other OPEC countries. It is just a matter of time, as seen in Europe,…
In January, U.S. Secretary of State Michael Pompeo travelled overseas for a trip that included stops in Germany, Colombia, Costa Rica, and Jamaica.  This was the Secretary’s ninth trip to the Western Hemisphere since assuming office in 2018 and his first overseas trip for 2020, underscoring the Trump Administration’s renewed emphasis on the importance of the hemisphere to the United States.  This visit sought to build upon furthering shared priorities – combatting the spread of…
On January 21, Brazil’s Ministry of Economy, Paulo Guedes, announced at the World Economic Forum in Davos that Brazil will adhere to the plurilateral Agreement on Government Procurement (GPA). The GPA regulates the procurement of goods and services by the public authorities of the parties to the agreement, based on the principles of openness, transparency, and non-discrimination between national and foreign companies. The plurilateral agreement is an important mechanism for the international trading system and…
On December 2, President Donald Trump announced Section 232 tariff exemptions previously granted to Argentina and Brazil would terminate “effective immediately.”  In his December 2 tweet, President Trump criticized the two countries for “presiding over a massive devaluation of their currencies, which is not good for [U.S.] farmers.”  The U.S. reached agreements with Brazil and Argentina in early 2018 that provided exemptions from the 25 percent tariffs on steel imports and 10 percent on aluminum…
The international tax policy landscape is in the process of some key changes that are important for Latin American businesses to monitor. In particular, businesses should pay attention to two key developments. First, the Organization for Economic Cooperation and Development (OECD) is asking for input on a global minimum tax proposal, a key part of the organization’s effort to rewrite international tax rules by the end of 2020. On Nov. 8, 2019, the OECD asked…
As a response to the increased violence of organized crime, Mexico passed its first forfeiture law in 2008. At the time, the law was seen as an agile tool for federal and state governments to reach the financial assets of drug cartels and organized crime within the limits of existing constitutional protections. In practice, however, the forfeiture procedure was slow and Mexican authorities were often unsuccessful in their efforts to secure the assets and proceeds…
In September, Washington, DC welcomed a business delegation from the Dominican Republic (DR), as part of the annual Dominican Week (“SemDomUSA2019”). The trip allows for the dynamic Dominican private sector and Washington to exchange ideas toward strengthening economic ties between the United States and the Dominican Republic (DR). Squire Patton Boggs hosted the distinguished delegation for a panel discussion titled, “Adapting to Global Supply Chain Disruption.” Participating panelists were former Congressman Joe Crowley, who currently…
It is no secret that U.S. correspondent banking relationships are indispensable to global commerce.  Indeed, access to the U.S. financial system through correspondent banking is integral to foreign banks and to their customers, who often depend on the U.S. dollar as the anchor currency for their deals.  At the same time, U.S. banks are under intense pressure (more than ever before) by regulators and law enforcement to quickly detect and report suspicious activity, and ensure…