This LawFlash supplements the Latin America Regulatory Landscape Analysis issued on May 5, 2020, and summarizes the legal landscape concerning reductions in force in selected jurisdictions in the region.
As manufacturing destinations for many international companies, Latin American countries are wrestling with the economic effects of the coronavirus (COVID-19) pandemic on homegrown investment, and the ripple effects on foreign investment caused by the contraction of stronger economies on which they often rely.
Domestic and international companies operating in the region will face, in many instances, difficult questions as to how and whether operations in the region will continue. We provide a summary of the legal landscape concerning reductions in force in the following jurisdictions: Argentina, Brazil, Chile, Colombia, Costa Rica, Ecuador, Mexico, Panama, Peru, Puerto Rico, and Uruguay.
The Latin America team at Morgan Lewis has deep cultural and business ties with the region and a unique understanding of the challenges presented to our clients doing business there. We are uniquely positioned to timely and efficiently assist our clients during these challenging times. We provide counsel and the legal tools to get you through the COVID-19 pandemic and to help you transition to a new post-pandemic reality.
This LawFlash is for informational purposes only and does not constitute legal advice. Our team, together with our trusted network of local law firms, is ready to work with you and address your questions involving COVID-19 or any other matters you are facing while doing business in Latin America.
For our clients, we have formed a multidisciplinary Coronavirus COVID-19 Task Force to help guide you through the broad scope of legal issues brought on by this public health challenge. Find resources on how to cope with the post-pandemic reality on our NOW. NORMAL. NEXT. page and our COVID-19 page to help keep you on top of developments as they unfold. If you would like to receive a daily digest of all new updates to the page, please subscribe now to receive our COVID-19 alerts, and download our biweekly COVID-19 Legal Issue Compendium.
If you have any questions or would like more information on the issues discussed in this LawFlash, please contact any of the following Morgan Lewis lawyers: