Latin America Legal

Legal developments & business opportunities arising in Latin America

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…
When it comes to trade, President Donald Trump and U.S. Trade Representative Robert Lighthizer are not scared to chart an uncommon path.  The Trump Administration’s use of Section 301 of the Trade Act of 1974 demonstrates this fact. Section 301 is a tool that grants the president the authority to impose tariffs and/or other trade-related remedies on countries whose trade practices (1) violate, or are inconsistent with, the provisions of, or otherwise deny benefits to…
On June 6, Squire Patton Boggs’ Miami office hosted the Brazil-Florida Business Council and its members for a discussion titled “Brazil Mid-Year Outlook: The Bolsonaro Administration Scorecard.” The program featured two prominent speakers, Paulo Leme, former CEO and Chairman of Goldman Sachs Brazil and Professor of Finance at the University of Miami Business School, and John Price, Managing Director of Americas Market Intelligence and Professor at Florida International University. Dr. Susan K. Purcell, the former…
Last month Squire Patton Boggs Moscow Office Managing Partner Sergey Treshchev spoke at the 25th Annual IBA Global Insolvency and Restructuring Conference in São Paulo, Brazil.  Sergey, who is also Co-Chair of the Legislation and Policy Subcommittee, IBA Insolvency Section, was a participant in the roundtable discussion on ‘The Impact of technology on insolvency: cryptocurrency and blockchain’.…
On May 30, United States President Donald Trump announced plans to impose new tariffs on all products imported from Mexico to the United States. Such an act would significantly impact binational trade and especially those sectors that have integrated supply chains, such as the automotive, agriculture, clothing, alcohol, electronic devices, and oil and gas industries.…
On Friday, May 17, 2019, the United States opted to reduce trade tensions with its immediate neighbors – Mexico and Canada – by eliminating Section 232 tariffs on steel and aluminum on imports from those countries, helping to pave the road for congressional approval of the U.S.-Mexico-Canada (USMCA) Agreement. While global trade tensions remain, for the time being President Trump has also postponed the imposition of tariffs on automobiles from Europe and Japan. At the…
On April 15, the Brazilian National Petroleum Agency (ANP) scheduled the 6th bidding round for the pre-salt under the partnership agreement to be held on November 7. The hearing to discuss pre-notice and drafts of the production sharing agreements will be held on May 6. Companies interested in participating in the bidding must communicate their intention in the bidding round until September 19.…