The complementarity rule in the subgrounds of Improper Application of Law and Violation of Law by Omission within the appeal for cassation
| |

The complementarity rule in the subgrounds of Improper Application of Law and Violation of Law by Omission within the appeal for cassation

Part I In Guatemala, the extraordinary appeal of cassation is processed and resolved by the Supreme Court of Justice, Civil Chamber. This appeal aims, among other things, to determine the correct application of the law by the various courts of the Republic. This guarantees security and legal certainty for the governed that a certain judicial…

Requirements to maintain financial statements in El Salvador
| |

Requirements to maintain financial statements in El Salvador

Art. 283 of the Commercial Code (CCom) stipulates that the balance sheet, income statement, and statement of changes in equity must be concluded within an unextendable period of three months from the closure of the fiscal year. These documents will be the responsibility of the sole administrator or the board of directors and must be…

The importance of positive administrative silence within the administrative process in Nicaragua
| |

The importance of positive administrative silence within the administrative process in Nicaragua

On this occasion, we will address the generalities of a legal figure of vital importance in administrative processes before the Nicaraguan Tax Administration, namely the “Positive Administrative Silence”. Law No. 350 “Law Regulating the Jurisdiction of Administrative Litigation” regulates the following concept: Administrative Silence: It is the effect that occurs in cases where the Public…

Compliance in Fintech Companies
| | |

Compliance in Fintech Companies

Fintech companies are those dedicated to offering financial services through technological means. In some countries, there is special regulation for these types of companies, while in others, they are governed by common law legislation. This distinction is important for Fintech companies regarding compliance issues because depending on the applicable legislation, their compliance framework can be…