Chile’s new Constitution: where is Chile now, and where is it heading?

    As discussed in our last Latin America Note on Chile, for many, the constitutional re-write process and the election of Gabriel Boric as President represent an opportunity to reshape Chile’s political, economic, and social structures by increasing social investment and environmental protection. However, for others (including foreign investors), this period of uncertainty has triggered significant … Read more

    ICJ orders Colombia immediately to cease activities in Nicaraguan EEZ waters

    On April 21, 2022, the International Court of Justice (ICJ) delivered judgment in Nicaragua v. Colombia concerning alleged violations of sovereign rights and maritime spaces in the Caribbean Sea. Following a ruling rendered in 2012 in a territorial and maritime dispute between the two countries, the ICJ determined that Colombia breached its international obligation to respect Nicaragua’s sovereign rights … Read more

    MEXICO ENERGY ALERT: Reform of Mexico’s Electric Power Industry

    On February 1, 2021, Mexican President Andrés Manuel Lopez Obrador submitted an initiative to amend the Electric Power Industry Law to Congress. The initiative appeared to be part of the current administration’s plan to reverse the energy reform introduced by former president Enrique Peña Nieto in 2013 that liberalized the energy market. Read more

    Mexico’s new policy on the lithium industry

    In 2018, the Canadian company Bacanora Lithium PLC discovered a lithium deposit located in Bacadéhuachi, Sonora, in northern Mexico with declared reserves of 243.8 million tonnes, making it the world’s largest lithium mine. In the years since, lithium has become crucially important given its essential role in the production of batteries for mobile phones, computers, … Read more

    Ecuador’s Constitutional Court Takes on Extractive Industries

    The Constitutional Court of Ecuador (the “Court”) has recently ruled on a series of constitutional actions brought against the development of mining projects in Ecuador (the “Decisions”).  The Decisions illustrate the Court’s continued approach to recognizing and strengthening the right to prior consultation of indigenous communities on extractive activities in the country.  The Decisions however … Read more

    The U.S. Reacts to Ortega’s Fourth Consecutive Term in Power in Nicaragua

    On January 10, 2022, Nicaraguan President Daniel Ortega was sworn into office for his fourth consecutive term, despite the United States and European Union allegations that the election was a “sham.”  On the same day, the U.S. imposed sanctions on Nicaraguan officials accused of undermining democracy. Over the past years, the Office of Foreign Assets … Read more

    CHILE’S NEXT POLITICAL CHAPTER: NEW CONSTITUTION ON THE WAY, AND NEW PRESIDENT

    On December 19, 2021, Gabriel Boric was elected the new President of Chile. This is a significant development for the country, and its potential impact on foreign investment is best understood by revisiting the most recent developments in Chile, including the moves to effect Constitutional changes. Over the past few years, Latin American countries have … Read more