IN THIS ISSUE:

• Venezuela's changes to its Federal Labor Law will affect severance and seniority pay, montlhy wages, and a host of other pay-related matters.

• What investors need to form and participate in an Uruguayan investment fund.

• Secured financing and electronic registries in the NAFTA countries: current practices and recommended changes (part 2 of a 2-part series).

• Establishing a business in Chile: what form should your business take?

• SUMMARIES OF RECENT DEVELOPMENTS: Environment, Labor, Transportation & more