News Alerts

30-days payment law is published

December 13, 2019

On December 12, 2019 Law No. 21,193 that amends Law No. 21,131 on 30-days payment was published on the Official Gazette.

This amendment hastens the entry into force of the legal 30-days term for payment of invoices. Therefore, the 60-days legal payment term will remain applicable only until March 2020 (originally, Law No. 21,131 provided that such term would be applicable until January 2021).

Hence, as of March 2020 the maximum legal payment term for invoices in Chile will be 30 days. This new law did not modify the possibility of extending the payment term through the registration of the “Exceptional Payment Term Agreement” before the Ministry of Economy.

If you have any questions regarding the matters discussed in this news alert, please contact the following attorneys or call your regular Carey contact.

 

Ignacio Gillmore
Partner
+56 2 2928 2612
igillmore@carey.cl

José Ignacio Mercado
Associate
+56 2 2928 2612
jmercado@carey.cl

Cristina Busquets
Associate
+56 2 2928 2665
cbusquets@carey.cl

 


This news alert is provided by Carey y Cía. Ltda. for educational and informational purposes only and is not intended and should not be construed as legal advice.

 

Carey y Cía. Ltda.
Isidora Goyenechea 2800, 43rd Floor
Las Condes, Santiago, Chile.
www.carey.cl


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