Andersen Global Enters Chile With the Addition of Two Collaborating Firms

Andersen Global Enters Chile With the Addition of Two Collaborating Firms

 

Andersen Global enters the Chilean market through Collaboration Agreements with two Santiago-based firms: law firm Chirgwin Peñafiel and tax firm SPASA Consulting. The firms are in close partnership with each other and add depth and breadth to the organization’s Latin American platform as it continues its steady expansion.

Founded in 2009, Chirgwin Peñafiel, led by Office Managing Partner Andrés Chirgwin, is a full-service law firm specializing in commercial and corporate law, M&A, energy, labor law and banking & finance. The firm works with a variety of corporate clients, being strongly focused on providing legal support to multinational companies with operations in Chile, while also assisting Chilean-based companies with local and international legal needs. Chirgwin Peñafiel has been recognized by IFLR1000, Leaders League and Best Lawyers.

“Our firm is committed to delivering quality, comprehensive solutions to our local and international clients,” Andrés said. “Andersen Global’s capabilities will equip us to provide seamless, best-in-class solutions globally. We look forward to collaborating with like-minded individuals that value independence and transparency when handling client matters.”

For more than 20 years, SPASA Consulting has provided a full range of consulting services with a focus on tax consultancy, accounting services and payroll compliance. The firm’s expertise also includes in-depth knowledge and understanding of IFRS and taxable rules, as well as a strong focus on Australian companies working in Chile.

“We believe that quality work requires stewardship and a trusted relationship with the client as well as specific knowledge of their business and industry,” SPASA Office Managing Partner Rodrigo Guerrero said. “Andersen Global’s integrated approach of providing both tax and legal services, is extraordinarily complementary to our existing client base and the strong working relationship that already exists between Chirgwin Peñafiel and SPASA Consulting, giving us the competitive edge in our market as we continue to work with both local and international clients.”

Andersen Global Chairman and Andersen CEO Mark Vorsatz added, “Chirgwin Peñafiel and SPASA Consulting have developed a close working relationship. These dynamic and innovative firms bring a level of enthusiasm and dedication that made them an excellent fit for our organization. Chile is a significant region to our expansion plans in South America, and the firms’ synergistic strategy, along with their subject matter expertise and knowledge of the market, will strengthen our organization’s global platform.”

Andersen Global is an international association of legally separate, independent member firms comprised of tax and legal professionals around the world. Established in 2013 by U.S. member firm Andersen Tax LLC, Andersen Global now has more than 6,000 professionals worldwide and a presence in over 186 locations through its member firms and collaborating firms.

Source: Andersen Global Press Room

Press release:

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Legal Alert Chile – June 2020

REMOTE WORK LAW – Electronic registration of remote work agreements

Dear clients and friends,

Hoping that you are well, we write to you to inform you that, in relation to Law No. 21,220, which “Modifies the Labor Code on remote work”, as of July 1 of this year it becomes enforceable the obligation to deed and register remote work agreements. The employer must register said agreement electronically with the Dirección del Trabajo, which, in turn, will send a copy of said registration to the Superintendencia de Seguridad Social and to the insurance administrator body of law No. 16,744 to which the employing entity is subscripted.

This electronic remote work registration system has been available since last Monday, July 6 at the following link: https://www.dt.gob.cl/portal/1626/w3-article-119000.html. In this link, it is possible to find an Excel spreadsheet that you must complete, which includes an explanatory glossary of filling. Once the form is completed, you must send it to the email: teletrabajo_trabajoadistancia@dt.gob.cl and with this the process will be completed.

This information does not constitute and should not be construed as legal counseling, which must be obtained
specifically for each intended activity of transaction. For detailed information on the Chilean Government’s action plan, please visit the website https://www.gob.cl/coronavirus/plandeaccion/. If you need our assistance and support in any of these matters, please do not hesitate to contact us, we are at your disposal.

Best regards,

CHIRGWIN │ PEÑAFIEL

Legal Alert Chile – June 2020

CHANGES TO THE LAW OF PROTECTION OF EMPLOYMENT WITH THE PUBLICATION OF SHORT LAW No. 21,232

On June 1, 2020, Law 21,232 was published, modifying the already well-known Employment Protection Law (Law No. 21,227), which empowers the worker to access unemployment insurance benefits in exceptional circumstances. Andrés Chirgwin, a partner at the firm, wrote a critique of the changes in an article published on IdealexPress. Click here to read it in its original version in the Spanish language.

Divestment in Chile – 2020

Divestment in Chile – 2020

“Divestment as a tool for the preservation of value in times of crisis,” was the topic addressed by the lawyers of the Chirgwin Peñafiel Law Firm, in the workshop held on January 17 at the Santiago Chamber of Commerce.

In their presentation, lawyers Maria Paz Aguirre, Macarena Bedregal and Juan Ignacio Santa María answered, from the commercial, financial and tax aspects, one of the most difficult questions for national entrepreneurs today, that is: HOW TO RESPONSIBLY TAKE STRATEGIC DECISIONS IN MY COMPANY, IN THE CRITICAL TIMES THAT RUN TODAY IN THE COUNTRY?

Thus, together with them, we inform ourselves that, at a comparative level, Divestment has been established as a highly effective long-term strategy for the containment and strategic reduction of corporate expenses in the face of a significant and sudden change in market conditions.

The Divestment allows reducing or eliminating the less aspected activities of a certain line of business, through the sale of all or part of the company, the cessation of some branch or activities of the company, the reduction of investments, or rightly the withdrawal of a specific market in the face of new risks to dedicate efforts in those business lines with the greatest potential, thereby generating greater value for shareholders, and preventing a loss of business assets and, in extreme cases, an eventual forced liquidation.

For the success of a Divestment strategy, multidisciplinary aspects (legal, financial, tax, etc.) must be considered, and the appropriate time to carry it out, prioritizing a fluid process, avoiding errors, delays in transactions, labor contingencies, extraordinary costs, lost opportunities, regulatory risks and devaluation of the company due to external contingencies.

In turn, Divestment tools are varied and can be found both in internal processes of the same companies and in external strategies.

However, comprehensive advice prior to the decision of Divestment is essential for the success of the same (s), so as to allow foresee fundamental aspects for its execution, such as:
1. Promote the optimization of resources and departments of the company, eliminating or minimizing, to the maximum, possible legal or tax contingencies of the process;
2. Prepare in advance the sale of the required unit (s), through an appropriate Sell-Side Due Diligence, that collects the legal, accounting and financial information necessary for the analysis of future buyers;
3. The review and examination of the possible ways of solving the company’s liabilities;
4. The precise determination of the final tax burden of the shareholder or company generated on the occasion of the Divestment.

Finally, their recommendation was to take advantage of the summer period, to evaluate the possible adoption of a Divestment strategy, with a view to a more restricted market in 2020 and beyond.

Link to the Cámara de Comercio de Santiago magazine.