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The proposed amendment aims to expand protective measures to ensure the stability of the companies during insolvency proceedings, facilitate access for small and medium-sized enterprises, streamline insolvency proceedings and enhance the judge’s authority for enforcement purposes. In brief For insolvent companies, the Mexican Insolvency Act (Ley de Concursos Mercantiles) has been a valuable tool for restructuring their debt or, if necessary, liquidating their assets to pay off their debts if the reorganization is not feasible.…

In brief The Federal Congress passed a bill introduced by Senator Ricardo Monreal (Morena) to amend the Amparo Law with respect to the effects of stays related with the enforcement of general laws contested by means of an Amparo proceeding. Currently, the President of the Republic is pending to enact and publish the decree so that this bill would enter into force and effect. In more detail This amendment to the Amparo Law removed the…

In brief The 2021 amendments to the Amparo Law, published in the Official Federal Gazette on 7 June 2021, are regarding the creation of new entities for the federal judicial power and a new jurisprudence system that overly empowers the Supreme Court of Justice. _______________________________ The new jurisprudence system overly empowers the Supreme Court of Justice In the new jurisprudence system, the Supreme Court’s resolutions will be mandatory immediately, instead of the five consistent judgments…

1. Summary of the proposed bill Brazil’s House of Representatives currently discusses Bill No. 11,275/2018, introducing new rules for private cartel damage claims. The proposal aims to update the Brazilian Antitrust Law by encouraging follow-on cartel damage claims in a way that does not jeopardize incentives for settlements and leniency applications with the Brazilian antitrust authority (CADE). The main changes proposed are the following: Double damages liability for cartel participants, except for companies that apply…

On March 13, 2020, the President of the Republic of Chile submitted to the Congress a bill to increase criminal sanctions to cartels, and to provide the Fiscalía Nacional Económica (FNE), the Chilean Competition Authority, with new techniques for their investigations. If this bill is approved, will it open a new stage to cartel enforcement in the country? Background On October 18 2019, a social unrest began in Chile. Millions of Chileans took to the…