HIGHLIGHTS
Latin American Free Trade Alternatives for a New US Administration
A new U.S. administration will have important decisions to make concerning Latin American trade. Possibilities include working to construct a Community of the Americas or to complete the network of free trade agreements the US has with countries in the Western Hemisphere. Page 3
The Labor Factor in Investing in Latin America
Since the labor situation in Latin America is often not a straight labor-management proposition, interaction with labor groups must be considered carefully to prevent entanglement in serious regulatory, reputational, and legal matters. Page 7
Key Tax Issues When Investing in Argentina
MNC’s with branches or subsidiaries in Argentina have numerous tax considerations to address, both local and cross border. An overview of the Argentine tax system is provided. Page 11
Are Directors Personally Liable for Employment-Related Obligations of Corporations in Argentina?
A recent case holds corporate directors personally liable for certain damages resulting from the termination of an employee who was kept off the company’s payroll.Page 19
Mexico’s Proposed Revenue Law
Mexico’s 2009 proposed revenue law and budget breaks with tradition and does not contain major changes to the tax laws. Page 26. There are new regulations on R&D tax incentives. Page 24
TABLE OF CONTENTS
Argentina
An Overview of Key Tax Issues to be Considered by Multinationals When Investing in Argentina.
By John Salerno, Julian Vasquez and Juan M. Magadan (PricewaterhouseCoopers LLP) page 11
Are Directors Personally Liable for Employment-Related Obligations of Corporations in Argentina?
By María Fernanda Farall (Jones Day) page 19
Brazil
How Can I Proceed in an Imitatition and Copy of Trademark Case in Brazil?
By César Alexandre Leão Barcellos (Leão Intellectual Property) page 21
Chile
Update on Trade and Economic Developments in Chile.
By Lorena Barrientos and Alejandro Rojas (Morales & Besa LTDA) page 19
Mexico
Mexican Government Issues New Regulations on R&D Tax Incentive.
By Terri Grosselin, Abelardo Acosta, Santiago Chacon and Héctor Gama (Ernst & Young) page 24
Mexico-2009 Proposed Revenue Law and Budget.
By Oscar Castañeda and John Salerno (PricewaterhouseCoopers LLP) page 26
Regional
Free Trade Alternatives in the Western Hemisphere for a New Administration.
By Thomas Andrew O’Keefe (Mercosur Consulting Group, Ltd.) page 3
The Labor Factor: Risks of Burgeoning Labor-Dependent Industries in Latin Americas.
By Alexander Kapur (Kroll) page 7
ALADI: Cross-Border Trade in Latin America Continues to Increase.
By Ana Leroy and Diego Mantilla (White & Case LLP) page 9
Venezuela
New Consumer Protection Regulations in Venezuela May Affect Property Rights of Companies.
By Vera De Brito de Gyarfas and José Alejandro Cuevas (Travieso Evans Arria Rengel & Paz) page 27