CLThe Supreme Court of Chile ruled in favor of Cencosud in a long-standing dispute against former executive Renzo Paonessa over rental agreements. The court overturned previous rulings from the Appeals Court, finding that earlier decisions lacked proper analysis of evidence and failed to recognize economic harm to the company. The case originated in June 2013 when Cencosud discovered that Paonessa, then head of the Projects and Construction Division, had directly participated in large rental contracts with companies linked to his in-laws, Rodolfo and Pablo Soria-Galvarro. These agreements, spanning 15 years for commercial spaces in Nacimiento and La Granja, were conducted without Paonessa disclosing this conflict of interest or obtaining company authorization, violating fiduciary duties under corporate law and internal ethics codes. The situation escalated after Cencosud terminated Paonessa’s employment due to loss of trust, revealing he had concealed family ties to the landlords and secretly acted as guarantor for the companies' financing. According to the ruling, Paonessa acknowledged via email that he received a 4.8% share of the business profits, prompting a civil lawsuit seeking
Bias read (Center): The article presents a legal judgment without overt ideological framing. While the case involves corporate governance and legal accountability, which are politically relevant topics, the reporting remains focused on factual legal proceedings rather than taking a clear partisan stance. The narrative,
