Chile: Recent Changes Made to Restructuring Proceedings

This article aims to study and analyse the changes made to Chile's restructuring procedures with Law No. 20,720, which replaced the old bankruptcy procedure of Law No. 18,175 in 2014. A general comment is made on Law No. 20,720 and its procedures, with special emphasis on the main innovations it includes in the field of restructuring.

The article also mentions some Chilean cases, as well as the modifications introduced by Law No. 21,563 to Law No. 20,720. Finally, we comment on certain aspects that need further improvement in the Chilean system.

See complete article at: Global Restructuring Review, 4 December 2024.