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Analyzing critical legal trends and developments across data, cyber, AI and digital regulations from around the world and beyond borders

In Cybersecurity Data Privacy FinTech

Latin America tech regulatory developments: what has changed in the region in 2023 and 2024?

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Latin America is experiencing a dynamic shift in its regulatory environment, particularly in the technology sector. Countries across the region are actively updating and introducing new laws to address the rapid advancements in technology and the growing importance of data protection, cybersecurity, and digital finance. These developments are crucial for fostering innovation, ensuring consumer protection, and maintaining competitive markets in the region.

Our regional round-up outlines the key legislative and regulatory changes shaping the tech landscape in the region for 2023 and 2024. These include recent amendments in Brazil and Chile regarding data privacy, new obligations for data controllers and the promotion of responsible AI use in Peru, new Open Finance regulations, and guidelines for personal data protection and AI regulation bills in Colombia, among other significant changes to consider.

Click here to download the flyer. The past few years have seen major shifts in the regulatory landscape for data privacy and cybersecurity in Latin America. If you have any questions or need assistance, please don’t hesitate to contact your Baker McKenzie contacts.

*Trench Rossi Watanabe and Baker McKenzie have executed a strategic cooperation agreement for consulting on foreign law.

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Carlos Ignacio Arboleda is a Lawyer graduated from Pontificia Universidad Javeriana in Bogota. He holds a post-graduate course in Competition Law and Free Trade from the same University and earned an LL.M. degree from the University of Chicago.

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Flavia is a partner at Trench Rossi Watanabe* and is based in São Paulo. She has more than 15 years of experience in the areas of intellectual property, franchise, technology transfer, social media and unfair competition. *Trench Rossi Watanabe and Baker McKenzie have executed a strategic cooperation agreement for consulting on foreign law.

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Catalina is an Attorney-at-law in the IPTech practice and is based in Baker McKenzie's Buenos Aires office.

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Guillermo Cervio is a partner in Baker McKenzie’s Buenos Aires office. Guillermo advises clients on contractual, corporate and information technology and communications (IT/C) matters, as well as regulated areas of law. He has participated in the development of creative solutions from the legal point of view to the challenges that arise in the day to day of technology companies, including how to regulate issues that arise in cyberspace. He has also actively participated in advising telecommunications companies. Over the years, he has also focused on areas of law that include internet, privacy, digital transformation, and cybersecurity matters.

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Diego Ferrada has 20 years of experience working on mergers and acquisitions, including stock and asset transactions, as well as project finance transactions.

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Agustin is a Senior Paralegal in Baker McKenzie's Buenos Aires office.

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Manuel is a lawyer graduated from the Pontificia Universidad Javeriana in Bogotá. Before joining Baker McKenzie, he worked for two years in a law firm specialized in economic law, focusing his work on antitrust and competition, consumer law and data protection matters.

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Carolina Pardo is a lawyer and specialist in International Contract Law graduated from Universidad de los Andes. She obtained a LL.M. with specialization in International Private Law and Competition Law from the London School of Economics and Political Science. Over 20 years, she has advised major national and international clients on matters related to compliance with data protection, competition and consumer law rules. She has also successfully coordinated and prepared proposals for submission to national authorities on behalf of major industrial groups in Colombia.

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Martín Roth is a partner in the M&A, Real Estate and TMT practice groups in Baker McKenzie's Buenos Aires office. Martín has more than 13 years of extensive transactional domestic and international experience, focusing on the real estate and TMT industries.

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Maria Eugenia Salazar-Furiati is a Partner at Baker McKenzie's office in Caracas. Her main areas of expertise are: data privacy and cyber security, telecoms, energy and investment protection and arbitration.

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Teresa Tovar is a Partner at Estudio Echecopar. Teresa Tovar is experienced in matters related to the application of the norms of free competition and the regulation of public services and transport infrastructure, both in administrative processes and in consultancy.

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Carlos is one of Mexico's most active privacy, data protection and information security lawyers. He has implemented privacy management compliance programs for over 100 companies, including several Fortune 500 companies. He advises on corporate and commercial matters where privacy is an issue, including e-discovery, FCPA investigations, e-commerce, direct marketing, privacy in the workplace, litigation and M2M communications.

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Marcela is a partner in the IPTech practice at Trench Rossi Watanabe.

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Daniel Villanueva Plasencia is a member of Baker McKenzie’s Intellectual Property Practice Group in Guadalajara. He has extensive experience in intellectual and industrial property matters, including trademarks, patents and copyrights. Prior to joining the Firm, he was the founding partner of a local firm in Guadalajara.

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