New reforms introduced criminal penalties for cartel involvement and larger fines for anticompetitive behaviour
Signs used on products to denote specific origin protected for first time, but companies still facing problems when trying to enforce IP rights
PPP work for lawyers set to increase, but more economic reforms are needed in order to avoid the further erosion of the country’s finances.
Corruption scandals in the Pacific Alliance could deter investors, it is argued, but there is still optimism regarding the region’s economic prospects despite uncertainty surrounding NAFTA
Energy and telecommunications sector reforms mean international investors are continuing to target Mexico despite the country’s political instability, says Manuel Romano, partner in charge of Jones Day’s Mexico City office.
Formation of common market would strengthen Pacific Alliance economies –
Peru and Colombia require improvements to infrastructure, and this is generating opportunities for Spanish companies as well as their legal advisers
Chilean, Mexican and Colombian technology and pharmaceutical industries attracting investors
Chile, Mexico and Colombia are attracting substantial foreign investment, particularly in the technology and pharmaceutical sectors, says João Caiado Guerreiro, managing partner at Portuguese law firm Caiado Guerreiro.
Lawyers in Chile are anticipating an increase in M&A work following the election of Sebastián Piñera as the country’s president
Not all risks are foreseen by investors, such as the impact of infrastructure projects on local indigenous communities – failure to address such issues can result in projects being cancelled