1.1 What are the main trends/significant developments in
the lending markets in your jurisdiction?
According to the Chilean Banks and Financial Institutions
Association ("ABIF"), during 2015 the
growth of credit was a modest 4.2% with respect to 2014. The
housing sector played a significant role due to certain amendments
to the value added tax ("VAT") regime on
the sale of real estate introduced by the 2014 tax reform, which
produced an acceleration in this sector in order to benefit from an
exemption regime. The energy sector continued being very active,
with local banks increasing their involvement, where the trend is
to step away from exposure to spot market prices and accept power
purchase agreements (PPAs) with distribution companies as
acceptable alternatives to the traditional PPAs. Finally, it is
worth noting, the enactment of Law No. 20,855, in force since
January 23, 2016, whi
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On December 17, 2014, the Brazilian Securities and Exchange Commission (Comissão de Valores Mobiliários – CVM) issued CVM Instruction No. 555 (CVM Instr. 555/2014) that governs the incorporation, management, operation and disclosure of information of investment funds ..
The Central Bank of Argentina issued Communiqués "A" 6058, 6059, 6068 and 6071 providing financial institutions with the possibility of implementing new technologies in several aspects of their activity.
A partir da análise do caso
concreto, o presente parecer trata da qualificação do
negócio jurídico da cessão de uma pluralidade
de créditos litigiosos e sua compreensão sob a
ótica dos contratos aleatórios, abordando, inclusive,
a garantia da existência dos créditos nesta
perspectiva. Distingue os contratos de cessão de
crédito, cessão de posição contratual e
promessa de liberação
Mexican President Enrique Peña Nieto presented a reform bill before the Permanent Commission of Mexico's Federal Congress on May 15, which amends, adds, and repeals 34 statutes, primarily financial in nature.
Due to the current economic situation in Brazil, companies - motivated by the expensive credit or even lack of credit - are increasingly seeking alternatives to improve their cash flows.
Firstly, and as evidenced above, Mexican investment funds are not at a point where regular individuals can understand the purpose or mechanism of these vehicles.
Law No. 13,170, of October 16, 2015 (Law 13,170/2015) regulates the action of unavailability of goods, values and rights to possession or ownership and all other real or personal rights directly or indirectly held by individuals or legal entities subject to this kind of sanction for resolutions of the United Nations Security Council (UNSC).
On December 20, 2013, the Brazilian Securities and Exchange Commission (Comissão de Valores Mobiliários – CVM) issued a set of Instructions that regulate the rendering of services related to the infrastructure of the Brazilian securities market, as follows ..
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