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EFFECTS OF FULFILLMENT OF DISCLOSURE REQUIREMENTS FOR CORPORATION’S SHARE TRANSFER AGREEMENTS: STATE OF THE QUESTION AND NEW PROPOSAL
The paper investigates the meaning of the enforceability provided by the disclosure requirements that Chilean Corporations Act demands in the shareholders’ agreements on the transfer of shares. After critically reviewing the national literature and case law, it is argued that the annotation of the agreement in the firm records and its deposit in the company in practice involve little publicity, consistent with the fact that, in the rest of the statute, the register of shareholders lacks projection towards third parties, such as an acquirer of shares. In this way, the effectiveness provided in the norm does not have a different scope from the effectiveness of civil law: imposing the existence of the contract –not its obligatoriness– as part of the legal reality.
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The business behind death. Park cemeteries as non-traditional financial suppliers
This article presents a commentary about the decisión of the 3rd Local Police Court of Maipú, confirmed by the Supreme Court, in which, after analyzing various elements of the promise of sale that the consumer contracted with a cemetery, it was determined that the business was, actually, similar to a leasing, and included the provision of a financial product, being possible to apply rules of Law No. 18.010 in conjunction with Law No. 19.496.
Although this qualification allows greater protection to the consumer against what may be considered a hidden financial product, the concept of “direct credit” allows a better explanation of the contract, allowing to understand that the operation carried out is a money loan, but it’s granted in a fictional way to the consumer.
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The misleading advertising: a problem of provider excusability or consumer recognoscibility?
The purpose of this work is to address what some of the judgments of our courts have come to call erroneous advertising in order to determinate whether, in fact, we are facing a new advertising category or, on the contrary, it constitutes the negative face of advertising misleading. The method used has been to review the judgments of the Santiago Courts of Appeal that have alluded to it between the years 2015 to 2018, critically analyzing them, based on excusability of the supplier’s error and its recognoscibility by the consumer, nothing that we are not faced with a kind of advertising other than misleading and that the use of it is unnecessary, a matter that affects The scope of Law 19.496 on the Protection of Consumer Rights, since there being a supplier error, recognized by the supplier there is no trust to protect, so civil law must to returned to.
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Rejection of a request for voluntary liquidation of the debtor company for not having assets for payment from its creditors Supreme Court sentence. January 09, 2020. Registration number 23.087-2019. Concepcion Appeals Court sentence. July 01, 2019. Registration number 1135-2019 327. Los Ángeles Second Court sentence. May 15, 2019. Registration number C-1846-2019
In October 2014, the Insolvency and Re-Entrepreneurship Law came into force in our country, which renews the old bankruptcy system, creating the new bankruptcy procedure for voluntary liquidation. Therefore, it is necessary to process said request, the need to indicate a list of goods by the debtor company for payment to its creditors. However, the jurisprudential discussion is generated when said company has no assets to hand over to the process, which will be up to the judge’s decision to accept or reject the request for voluntary liquidation, taking into account what is expressly indicated by the legislator in Law No. 20,720.