La regulación de operaciones con partes relacionadas en grandes transacciones intragrupo en Chile: el derecho en los libros y el derecho en acción

What is the foreseeable effect of the Chilean regulation on related-party transactions regarding large intra-group transactions? Does it succeed in deterring transactions whose purpose is to pursue benefits for the controller without generating clear gains for the corporation? A first look at the Chilean regulation would suggest that the statutory design of the RPT regulation sets a high standard. Consequently, it should discourage or avoid large intra-group transactions that do not pursue the corporate interest. However, the practical application of the rules shows that the regulation rests in one remedy: the publication of reports by independent appraisers, the effect of which is simply to improve —not too much— for the reference corporation, the conditions of large intra-group transactions.