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Philippi Prietocarrizosa Ferrero DU & Uría Peru has counselled Paris-based private equity investment house Ardian and AgrAm on the direct acquisition of the Peruvian business of Latin America Power Holding, which includes the indirect transfer of 100% of Latin America Power Peru and its subsidiaries HSC Holding, Empresa de Generación Eléctrica Junín and LAP Servicios.

Peruvian medical group Auna has hired US firm Davis Polk & Wardwell LLP, Colombia’s Posse Herrera Ruiz and Ritch Mueller y Nicolau, SC in Mexico City to issue US$505 million worth of notes, the proceeds of which it will use to repay an existing acquisition financing.

On May 17, 2023, the Chilean Congress approved a new mining royalty tax, which replaces the existing specific mining activity tax and introduces a new ad valorem component for big-sized mining operators, maintaining to a large extent what was regulated in the existing law about the mining operating margin. It also includes a maximum tax burden limitation.

The Ministry of Finance and Public Credit issued Decree 2497 of 2022 on December 16, 2022, to establish differential risk ranges of the Compulsory Traffic Accident Insurance (“SOAT”), amend Article 2.6.1.1.4.2.3 of Decree 780 of 2016 and regulate paragraph 1 of article 42 of Law 769 of 2002.

The four strategic objectives developed in the Regulatory Agenda are the following…

On December 19, 2023, the U.S. Department of Treasury announced the entry into force of the tax treaty between the United States and Chile, with the notification from the former to the latter that it had satisfied its applicable procedures for bringing the treaty into force.