Sneak Preview: Mergers & Acquisitions in Mining Tech with Ivan Gustavino
In this sneak preview, Ax Legal’s Managing Partner Cody McFarlane speaks with Ivan Gustavino, Managing Director at Atrico, who has advised over 100 high-growth companies in mining, industrial tech, and software. With M&A activity heating up, Ivan breaks down what investors and buyers really look for in mining technology companies today.
It is very common for foreign companies in the industrial sectors to send specialists into Chile for short, focused periods to help with commissioning, supervision, installation, or troubleshooting. It is important for foreign companies to understand how to send technical and project staff to Chile, the differences between work permits and work visas and the common pitfalls to avoid.
Entering a new market requires more than understanding the legal framework — it is the day-to-day operational details that determine whether a company can operate smoothly. In Chile, labor compliance has become increasingly centralized and digital. A key change is the Registro Electrónico Laboral (REL), an online platform where employers must register and maintain essential employment information.
For foreign companies operating in Chile, understanding how work absences are managed is critical since it can be quite different than other countries. Chile has specific regulations regarding sick leave, vacation time, parental leave, and other types of absences, which must be followed to prevent legal issues.
Ley Karin came into force on August 1, 2024, establishing a clear legal framework for the prevention and punishment of harassment and violence in Chilean workplaces. The new law creates several obligations for companies that are important to understand.
It is common for industrial technology and service companies to send foreign staff to Chile to assist with projects whether that be for commissioning, supervision, or technical know-how. It is important for companies to understand whether a work visa or simply a work permit is needed.
Brazilian law allows a wide range of activities to be outsourced. While outsourcing offers flexibility to companies and even individuals, it cannot be used to avoid Brazilian employment laws and benefits that are applicable to full-time employees.
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