Importance of the United Nations Convention on contracts for the international sale of goods
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Importance of the United Nations Convention on contracts for the international sale of goods

Most companies, large or small, and even entrepreneurs, purchase international supplies for their day-to-day operations. The globalization in which we live and the interrelation of businesses at an international level make it increasingly important to achieve minimum standards for the preparation of contracts, especially for contracts for the international sale of goods. Historically, contracts for…

Consortium is recognized for its excellence and innovation at the IFLR Americas Awards
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Consortium is recognized for its excellence and innovation at the IFLR Americas Awards

The legal directory International Financial Law Review (IFLR) recognized Consortium Legal with 4 awards at the annual gala held this Wednesday, May 15 in New York City, United States. The event brought together the continent’s best law firms to highlight their work on the most innovative cross-border transactions of 2023, their teams, and participating lawyers….

Incorporation of foreign companies in Honduras
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Incorporation of foreign companies in Honduras

Within the most common legal structures in Honduras for conducting commercial operations, we have the establishment of a local company and the incorporation of a branch of a foreign company. Through the establishment of a local company, a new legal entity is created, which is subject to rights and obligations and is authorized to carry…

Considerations on Capital Reduction in Guatemala
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Considerations on Capital Reduction in Guatemala

Within the social and financial operation of a commercial company, it is common to see an increase or decrease in the capital contributed by its partners or shareholders, depending on the results that the business reflects at certain times in the life of the company. While increasing capital is more familiar within the corporate sphere,…

Non-compete agreements in share purchase transactions in Costa Rica
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Non-compete agreements in share purchase transactions in Costa Rica

During share purchase transactions between companies in Costa Rica, it is common for buyers and sellers to enter a non-compete agreement. This agreement aims to impose a “negative obligation” on the seller to refrain from participating in the acquired company’s market. Non-compete clauses or agreements represent ancillary restrictions agreed upon by the parties involved in…

Free Trade Agreement between the Government of the People’s Republic of China and the Government of Nicaragua
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Free Trade Agreement between the Government of the People’s Republic of China and the Government of Nicaragua

On November 17, 2023, the full text of the National Assembly No. 8868 Decree that approves the Free Trade Agreement between the Government of the People’s Republic of China and the Government of China was published in La Gaceta, Official Gazette No. 2023. Free trade agreements, between two or more countries, revitalize their trade reducing…

Simplified joint stock companies in El Salvador
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Simplified joint stock companies in El Salvador

In the plenary session of December 6, 2023, the Legislative Assembly of El Salvador approved a series of new reforms to the Commercial Code to implement certain provisions with innovative elements to facilitate business in the country, boost the economy, and contribute to economic growth. All of this is achieved through the modernization of commercial…

Development of a national franchise in Nicaragua
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Development of a national franchise in Nicaragua

Franchises are a means of acquiring a business with a high possibility of success. Over time, it becomes an optimal way to obtain a business with the least number of possible risks and the support of a professional team. It is increasingly common to have foreign franchises in Nicaragua in our commerce, but what has…

The Franchise Agreement in Nicaragua
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The Franchise Agreement in Nicaragua

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,…

Agency-representation or distribution contracts in El Salvador: a legal approach
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Agency-representation or distribution contracts in El Salvador: a legal approach

Introduction Solid and strategic commercial relationships depend, to a great extent, on suitable contractual agreements. Among these fundamental instruments is the Agency-Representation or Distribution Agreement, which plays an important role in the promotion and marketing of goods and services in the legal context of El Salvador. In practice, consultations are received on this figure regarding…

Consortium Legal appoints new partner in Guatemala office 
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Consortium Legal appoints new partner in Guatemala office 

Consortium Legal, the largest law firm in Central America continues to drive its strategy of growth and excellence in client service by announcing the appointment of Maria Fernanda Morales as Practice Partner in its Guatemala office. This promotion marks a milestone in Maria Fernanda’s professional development, and consolidates the firm’s commitment to provide the highest…

Amendment to the Operating Regulations of the Registry of Final of Commercial Companies in Nicaragua
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Amendment to the Operating Regulations of the Registry of Final of Commercial Companies in Nicaragua

On July 25, 2023, the Supreme Court of Justice through the National Council of Administration and Judicial Career, approved Agreement Number 577, which amends the Operating Regulations of the Registry of Final Beneficiaries of Commercial Companies in Nicaragua. This instrument established new articles and guidelines to comply with the Final Beneficiary Registry. In this partial…