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Nicaragua: Basic aspects that companies should consider for the beginning of the year 2022.

Written by: Karina Serrano   As of the amended to the Public Registry Law, new obligations have been regulated for all companies that are registered before the Public Registry of Commerce and that should be considered relevant during their operation.   First, we will address the provisions that were already regulated in the Commercial Code …

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El Salvador: Amendments to the Competition Law – Legislative Decree No. 207 of November 17, 2021

Written by: Fidel Márquez On November 17, 2021, amendments to certain provisions of the Salvadoran Competition Law (the “Law”) were approved in order to harmonize it with the Administrative Procedures Law (“LPA”) during an ordinary session of the Salvadoran Congress. Given that, as of its entry into force on February 13, 2019, both the Antitrust …

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El Salvador ´s Crypto Ecosystem and next steps to implement.

Written by: Daniel Leiva   “The journey of a thousand miles begins with one step.” Lao Tzu.   On Wednesday, June 9, El Salvador published in its Official Gazette a historic event worldwide, the first law in the world that provided a digital asset, specifically the bitcoin with unrestricted and unlimited clearance power in any …

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Reforms and new regulations of the Nicaraguan Financial System

In August of this year certain reforms to the main laws of the Nicaraguan financial system were approved: Law No. 1078 “Law Reforming Law No. 561 General Law of Banks, Non-Banking Financial Institutions and Financial Groups”, Law No. 1079 “Law Reforming Law No. 587 Capital Markets Law” and Law No. 1080 “Law Reforming Law No. …

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Myths and Legends of Competition Law in Guatemala

Written by: Mario Estuardo Archila   The subject of Competition Law is complicated, because of all of the disciplines involved in the elaboration of its legislation, interpretation, and application.   In Guatemala, this issue was in everybody’s mind due to the publicity that has been given to the necessity of having a Competition Law, since …

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El Salvador: Executive summary – creation for Bitcoin Trust Law

On August 31st, 2021, with 64 votes the Congress approved the Law regarding the Creation of the Bitcoin Trust (“FIDEBITCOIN”), by means of which a trust is constituted in the Development Bank of the Republic of El Salvador (“BANDESAL”), to benefit the users of the National Wallet, represented by the Republic of El Salvador, whose …

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Important aspects in recruitment and selection processes

Regional Labor Team   The recruitment and selection process is critical for companies and certain principles related to the dignity of the human person must be respected during its execution. This first sentence for some of the readers may be strong or harsh, but it is very common in our countries to resort to certain …

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Costa Rica: The involvement of special agents in the Development Banking System (SBD)

Written by: Mariela Gómez   The Development Banking System (SBD) was created in 2008 by Law N ° 8634, reformed in 2014 by Law N ° 9274. As its name indicates, it is a system that comprises organizations of different nature, whose purpose is to finance and promote technically and economically feasible productive projects, in …

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The use of the trademark in a different form than the registered one

Written by Gabriel Castillo   Intangible assets, such as Intellectual Property, are gaining more and more economic importance, and with this, natural or legal persons, owners of trademarks and other distinctive signs, are frequently dealing with various problems related essentially to the use, protection, and preservation of their trademark.   For this reason, in this …

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