BAZ has issued its September 2009 newsletter. This number is available previous request to newsletter@baz.cl

Partner Matias Zegers was interviewed by El Mercario regarding the consequences of the FASA scandal in corporate governance issues.

See http://diario.elmercurio.cl/detalle/index.asp?id={a218e9b6-9427-4af1-bc76-dcb50c9db9ac}

El Mercurio published the following article of our partner Matias Zegers regarding Corporate Governance.

See http://diario.elmercurio.cl/detalle/index.asp?id={7e84e3fa-6035-46f4-a178-41a4f08fa989}

Bahamondez, Alvarez & Zegers Ltda. has advised Producto Protegido in the sale of a minority participation of its shares to the Private Equity Fund Fondo Austral.

Producto Protegido is a company leader in the security of goods market, with a system that allows owners to identify their goods in case they are lost or stolen. This system is connected to the police departments and the different prosecutor offices across the country.

Fondo Austral is one of the most important Private Equity Funds in the country, with its focus in technology companies.

The terms of the transaction were undisclosed.

The Bahamondez, Alvarez & Zegers Limitada team included partner Matias Zegers and associates Luis Parada and María Pía Herrera.

BAZ has issued its March 2009 newsletter. This number is available previous request to newsletter@baz.cl

Bahamondez, Alvarez & Zegers Ltda. has advised the seller in the disposal of 100% of the shares of Estudios Punto de Vista S.A. to the French multinational company Ipsos. Estudios Punto de Vista S.A. is one of the leading companies in market research and loyalty in Chile and Perú. It was the first Chilean research company to obtain the ISO 9001:2001 Quality Certification. Ipsos is a multinational company headquartered in Paris, France, with operations in approximately 60 countries worldwide.

The terms of the transaction were undisclosed.

The Bahamondez, Alvarez & Zegers Limitada team included partner Matias Zegers, counsel Sergio Concha and associates Luis Parada and Cristobal Smythe.

Partner Rodrigo Alvarez gave tax advice.

BAZ has issued its October 2008 newsletter. This number is available previous request to newsletter@baz.cl

Bahamondez, Alvarez & Zegers Ltda. has two new counsels since May 1st.

Sergio Concha has practiced Telecommunications Law, with extensive experience in Regulatory and Corporate Law. He joins BAZ from the legal department of Telefónica Chile, where he worked for more than 15 years.

Likewise, Carlos Stevenson has practiced Banking and Financing Law, with experience in Corporate Law, Labor Law and Litigation. He joins BAZ after 15 years as Chief Legal Counsel of Citibank N.A. in Chile.

Bahamondez, Alvarez & Zegers Ltda. is advising Needish S.A. in its financing. Needish S.A. is a Chilean Swedish start-up focused in the lead-generation business, with a very successful new concept.

According to the terms of the transaction, Needish S.A. has completed its first round of financing with local investors, and will start its operations in Sweden and the United States in 2008.

The Bahamondez, Alvarez & Zegers Ltda. includes partners Matías Zegers and Felipe Bahamondez and associates Luis Parada and Cristián Casanova.

Bahamondez, Alvarez & Zegers Ltda. is advising the Consortium formed by Spanish companies Abengoa S.A., Constructora Hispánica, S.A. and Inabensa S.A. in the international bidding process of Health Infrastructure called by the Minister of Public Works (MOP). The members of the Consortium are companies with a broad experience in the construction, operation and management of high complexity hospitals in several countries.

According to the terms of the bidding process, the winner shall design, build and manage two hospitals in Santiago. The bidding process, in terms of investment in the construction of the hospitals, is valued in approximately US$300 Millions.

The Bahamondez, Alvarez & Zegers Ltda. team includes partner Matías Zegers and associates Cristián Casanova, Luis Parada and Tomás Cuadrado.

Blanca Palumbo, counsel of Bahamondez, Alvarez & Zegers Ltda. was elected on July 2nd as a new member of the expert’s panel of the Energy Law for a 6 years term.

The expert’s panel is a technical body created by the Energy Law to solve disputes among energy companies. The members of such panel are outstanding persons with a deep knowledge of the energy sector.

Recently the Institute Libertad y Desarrollo published the book “Sentencias Destacadas 2006” (“Highlighted Decisions 2006”). The book includes an article written by our partner Felipe Bahamondez titled “Pricewaterhouse: Responsibility of external auditors for its professional services”. The article analyzes the decisions of the Supreme Court regarding the responsibility of firms of external auditors and points out the need of a revision of such responsibility. For more information about this article, please check “publications”.

On February 16th, a new law about Unfair Competition was enacted.

This legal body defines those acts against fair competition sanctionable under the law, as well as specifies the remedies and the procedure that must be followed by the courts. Likewise, the law grants the possibility to get the application of penalties against the infractor in certain cases.

This is the first time that a specific legal body is enacted to treat unfair competition in Chile.

For more information about this law, please contact Mr. Matias Zegers, mzegers@baz.cl

Bahamondez, Alvarez & Zegers Ltda. has advised the seller in the disposal of the educational center Colegio El Bosque Provincia Cordillera to the network Educa UC, network of basic and high schools managed by the Pontificia Universidad Católica de Chile and Fondo Independencia S.A.

The terms of the transaction were undisclosed.

The Bahamondez, Alvarez & Zegers Limitada team included partner Felipe Bahamondez and associates Luis Parada and Francisco Del Río.

On December 16, 2006, an important amendment to the Chilean Labor Code was enacted by means of Law 20,137.

The changes introduced to the Labor Code are the following:
a) Increase of the number of days of leave in case of the death of the wife, husband or children of the worker.
b) New leave in case of the death of the parents or unborn children of the worker.
c) Increase of the number of days of leave in case of birth of a children of the worker.
d) For a limited time, workers mentioned in (a) shall not be dismissed without prior authorization granted by Labor Courts.

We remind you that all fore mentioned labor leaves shall be paid by employer.