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Chile's Bci appeals ban from contracting business with public sector firms

Chile's Banco de Credito e Inversiones SA filed an appeal before the country's constitutional tribunal to allow the bank to resume business with public sector entities, Diario Financiero reported.

The bank was convicted three times for anti-trade union practices in its collective bargaining negotiations with employees. As a result, the purchasing and public procurement directorate sanctioned the bank by barring it from contracting business with the state.

A lawyer for Bci says the sanction imposed is unconstitutional as their rights have been violated, including the right to due process, according to a La Tercera report.

The bank has since denied any wrongdoing.