Dossier
Chilean company law
Coverage of Chilean company law in the Nexus archive.
- LATAM Calls a Buyback Vote. The 5% Is Chile’s Legal Cap.
LATAM is holding an extraordinary shareholders meeting on August 3 to vote on a buyback program. Chilean company law limits buybacks to 5% of paid shares over five years, and a previous 2025 meeting authorized 1.6%. Last year, two programs spent $585 million across roughly 5% of shares.