Month: July 2021

Regional Electricity Market and Guatemala’s exit

Written by Salvador del Valle   Origin The Central American Integration System, SICA, enabled the Central American countries to sign the Regional Electricity Market Treaty (hereinafter the “Treaty”). Among the purposes enumerated in the Treaty, it was provided that it should establish the conditions for the growth of the regional Electricity Market, which would supply …

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Guatemala: The liability of owners in Horizontal Property projects.

Written by Sandra García De Zedán   We cannot ignore the recent event suffered in Surfside Florida, United States, when in the early morning of June 24, a residential apartment building on the seashore collapsed in a matter of a few minutes. Of this event, very little is known about the structural origin that could …

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El Salvador: Special and Transitory Provisions for the Suspension of Public or Private Rallies and Events

LEGISLATIVE DECREE N°90: On July 13th, 2021, the Salvadoran Congress approved and on the same date published on the Salvadoran Official Gazette the “Special and Transitory Provisions for the Suspension of Public or Private Rallies and Events”, because of the identification of new variants of SARS-CoV-2 that increase the viral transmissibility, which can cause severe …

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El Salvador: Approval of new minum wages

Written by Carlos Rodriguez   We hereby inform that the Executive Branch issued Executive Decrees 9 and 10; the first one increases the minimum wage in the agricultural, fishing, coffee harvesting, sugar cane harvesting, and other agricultural activities sectors and the second one in the commerce, services, industry, textile and garment manufacturing, sugar mills, coffee …

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Honduras: Compliance for non-governmental organizations (NGOs)

Written by: Claudia Aguilar Modernization is key for corporate companies. Corporate compliance has become a part of this modernization that companies have been implementing over the last 20 years. The World Compliance Association defines Corporate Compliance as a set of best practices and procedures adopted by corporate companies. Through Compliance it is possible to identify …

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Opportunities for foreign bitcoin-related investors in El Salvador

Written by: Felix Canizales In El Salvador, the Bitcoin Law was approved by the Legislative Assembly and published in the Official Gazette last June 9th of this year, establishing a vacatio legis of ninety days from its publication; in that sense, its entry into force is scheduled for next September 7th. There are still several …

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Costa Rica: The first debate approves the Project to attract Digital Nomads

Yesterday, legislative file 22.215, Law to Attract International Workers and Remote Service Providers, was approved in first debate. The main purpose of this project is to attract digital nomads to Costa Rica, who will be granted a series of tax benefits.   Who is a digital nomad?   Digital nomads will be those persons who …

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Consortium Legal appoints 3 new partners in Guatemala office

July 2nd, 2021 As part of the firm’s growth strategy and to continue providing the highest standard of quality legal advice to its clients, Consortium Legal announces the appointment of Elías Arriaza Sáenz as equity partner; the reincorporation of Mario Estuardo Archila Maldonado as equity partner and the hiring of Salvador del Valle Pezzarossi as …

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