Law Firms, Lawyers in Latin America and the Caribbean

The new Argentine competition/antitrust law was published on May 15, 2018, under number 27,442 (the “Law”). The new Law will come into effect after the eighth day of its publication and introduces significant changes to the current system. The most significant changes are explained below.

The list follows initial sanctions against Panama by the European Union - EU and the Organization of Economic Cooperation and Development (OECD) by including the Isthmus in a "black list" of non-cooperative low-tax jurisdictions and levying penalties on transactions by Panama nationals.

With effect from 19 October 2017, it is possible to incorporate Foundation Companies in the Cayman Islands. The Foundation Companies Law, 2017 (the "Law") allows for the formation and/or registration of a new Cayman Islands corporate vehicle: the Foundation Company.

Initial Coin/Token Offerings (“ICOs”) are becoming an increasingly popular means of fundraising for new projects and utilise blockchain technology to do so.

The courts will be sympathetic to third parties who are seeking to enforce their security in respect of property subject to a freezing order.

Ecuador is not a party of the Brussels Collision Convention. Ecuador is party from 2012 to the United Nations Convention on the Law of the Sea (UNCLOS). This convention includes provisions in regard to collisions on the high seas, determining that in regard to penal or disciplinary matters jurisdiction is subject to the flag State, or the State in which the individual to be investigated is a national.

The new law 9428 that establishes the new taxes on corporations is already into force. This law defines the tax amounts that the corporations must pay per year.

The Instituto Nacional de Defensa de la Competencia y de la Protección de la Propiedad Intelectual (Indecopi) in Peru, launched the 'Electronic Gazette of Industrial Property' free of charge, a digital tool for the publication of applications for registrations of distinctive signs, inventions and new technologies.

For divorce proceedings to start, there are certain requirements which have to be satisfied. In Jamaica, the only ground for a divorce is the irretrievable breakdown of the union. It is important to note that the parties would have to be separated for twelve (12) months.

Ten years have elapsed since the enactment of Law 41 of 2007, whereby the Special System for the establishment and operation of Multinational Corporations Headquarters (SEM) was created in Panama.