In July 2023, 51 technical offers were submitted to participate in the Energy and Power Tender PEG-4-2022 to seek bids with a maximum power of 1505.3 MW and a minimum power of 978.87 MW, both guaranteed, to award 235 MW of guaranteed power as an efficient firm offer to cover the demand for a term…
Regulatory compliance for the commercialization of products in Central America involves a series of regulations and requirements established by the countries of the region with the objective of guaranteeing the safety, quality and legality of the products that are made available to the market. Each country has its specific regulations, but there are some general…
Have you ever wanted to own an establishment like McDonald’s, Marriott International or RE/MAX? All over the world, and the Central American region is no exception, we have these types of businesses that, in the legal context, translate into franchise contracts that establish the legal framework to start the business. Lawyers call franchises sui generis,…
Article 63 of the Social Security Law of 1982, in accordance with the provisions of article 83 of the Labor Code of 1945, established the definition of occupational accident as death or any organic injury or functional disturbance, permanent or transitory, immediate, or subsequent, produced by the sudden action of an external cause arising out…
The legal directory International Tax Review (ITR) recognized Consortium Legal as “Central America Tax Firm of the Year” at the annual gala held last Thursday, September 14 in New York City, United States. The event brought together the best law firms in the continent to highlight their work in the most innovative transactions of 2022,…
Under good business practices, a company can implement and design systems, policies, and procedures for the preventive control of regulatory risks of companies. Generating a culture of prevention for the sake of regulatory and procedural compliance in the operation of a company will determine the success, since it will allow an early visualization of possible…
Through Executive Agreement N°031-2023-TEL-MICITT, published in Scope N°77 of the Official Gazette N°75 of May 2, 2023 and notified to SUTEL by MICITT through official letter number MICITT-DVT-OF-350-2023, the Executive Branch issued the initial decision for SUTEL to instruct the procedure for concessions of radioelectric frequency spectrum bands for 5G services. See Bidding basis
In previous months we wrote about the entry into force of the Regulation of Electronic Payment Service Providers (EPSPE). Now that the deadline has passed for companies in this area to adapt and register in the EPSPE registry, which for such purpose is kept by the Central Bank of Honduras, and based on our experience…
Leasing a property implies giving a property for temporary use to another party who agrees to pay a certain amount of money. This generates for both, the lessor, and the lessee, the existence of rights and obligations to keep the property in a good condition and fulfill its purpose of use. To maintain and preserve…
Article 103 of the Tax Code of the Republic of Nicaragua and its amendments (CTr) regulates the obligation of all taxpayers to register and keep their information updated in the Single Taxpayers Registry (RUC) of the General Revenue Directorate (DGI) of the Ministry of Finance and Public Credit (MHCP). For such purposes, the Tax Administration…
With the objective of reducing the effects of climate change and guaranteeing access to energy in different latitudes, the figure of Energy Communities has been developed. These are legal organizations made up of a variety of partners that may include individuals, associations, small and medium-sized companies, government entities, among others. Climate change is a real…
There are so many things that are attributed to invoices. Many qualities and functions that colloquially, even the authorities promulgate, are repeated, and repeated without really being functions of these documents. An invoice, in Guatemala, is a fiscal document of the VAT regime. Its function is only to document the obligation to charge VAT on…