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As COVID-19 spreads, the impact on the construction industry is increasing. The construction industry in the Commonwealth Caribbean relies heavily on European, Asian and American suppliers/manufacturers for construction materials and labour.
It pays to be sophisticated when it comes to surety in the construction industry in Latin America. For anyone familiar with the surety business in LATAM, especially those who have been stung, they will understand.
In 2018, the Brazilian Data protection law (Lei Geral de Proteção de Dados - LGPD) passed by the legislature and, in August 2018, the former Brazilian President – Michel Temer – assented to this law.
The Comptroller General or Contraloría (CGR) have agreed with our direct revocation request in the Institute for Urban Development (IDU) matter.
In our previous article, Fiscal liability proceedings in Colombia, we discussed how the recent decisions of the office of the Comptroller General or Contraloría (CGR), the autonomous governmental agency in charge of monitoring public fund use, have caused great concern among (re)insurers globally due to their departure of long established market principles.
The protests in Chile, sparked by the rise of subway fares in the capital Santiago, have been well documented in the press. These protests and riots have often been violent, with regrettable loss of human life.
On 13 July 2019, the Cuban Parliament approved new electoral law restricting the presidency to a five-year term in office and a maximum of two consecutive terms, for the first time in nearly 60 years
The fifth edition of the annual Miami Latin American Claims (re) Insurance Forum, taking place between June 11-14 2019, in Miami, and hosted by Kennedys and QLDG was a resounding success.
A year ago, the Governor of California signed the California Consumer Privacy Act of 2018 into law. Known as the first comprehensive privacy regime in the United States, the Act imposes on businesses significant privacy obligations, creates a number of privacy rights, and provides for enforcement both through private right of action and regulatory enforcement.
Over the past five years Latin America has seen a rise in the prevalence of cyber risk. Cyber attacks have become increasingly common, with financial institutions the main target, particularly via social engineering; the manipulation of employees into breaking security procedures to gain access to systems or networks.