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

As part of the firm’s growth strategy and to continue providing the highest standard of quality in every legal advisory to its clients, Consortium Legal announces the appointment of Cristina Sandoval Saravia as a partner in the migration, OSH, and environmental practice. With this addition, the number of local partners increased to 17, and 64…

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

Consortium Legal appoints new partner in Costa Rica
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Consortium Legal appoints new partner in Costa Rica

With great enthusiasm, Consortium Legal is pleased to announce the appointment of Felipe Guevara Leandro as tax practice partner in Costa Rica. This promotion follows the firm’s career plan and ongoing commitment to providing the highest standard of quality in each service we deliver to our clients. This elevates the number of local partners to…

A new fiscal reform project in Costa Rica
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A new fiscal reform project in Costa Rica

On May 2nd, the President of the Republic announced the convocation of legislative file No. 23.760 entitled “Income Tax Law“, which has been in Congress for almost a year. It is important to note that extraordinary sessions are those in which the Executive Power dominates which bills the deputies discuss, a period that will cover…

Artificial Intelligence and Intellectual Property: challenges and opportunities in terms of legal protection
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Artificial Intelligence and Intellectual Property: challenges and opportunities in terms of legal protection

Artificial Intelligence (AI), as the concept naturally implies, is nothing more than the ability of a machine to exhibit the same capabilities as humans, such as reasoning, learning, creativity, and planning. This is achieved through the creation of systems based on the use of algorithms and mathematical models that process information derived from data and…

Artificial Intelligence and modernization in public administration in El Salvador
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Artificial Intelligence and modernization in public administration in El Salvador

Artificial Intelligence (AI) occupies a priority position in the modernization of some State institutions in El Salvador. Undoubtedly, Artificial Intelligence will allow us to receive higher-quality services in less time. Recently, to modernize public services in areas such as healthcare, education, and administrative procedures with the State, Google opened offices in the city of San…

Legal theft of tax credit in VAT in Guatemala
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Legal theft of tax credit in VAT in Guatemala

Continuing with the line of comments already made regarding the reforms undergone by the VAT in Guatemala, which have led to eliminating the right to claim tax credit, we now address the reforms to art. 16. Let’s start with the original article: ARTICLE 16. Inadmissibility of tax credit. The right to tax credit does not…

Digital Disruption of Evidence
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Digital Disruption of Evidence

In early February, the XV International Arbitration Congress CAI Costa Rica 2024 was held. This event brought together key figures in Ibero-American arbitration to discuss the latest developments, experiences, and trends in international arbitration. In 2024, I had the honor of moderating one of the final panels of the event, titled “Digital Disruption and Integrity…

Deductions in Labor Matters in Nicaragua
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Deductions in Labor Matters in Nicaragua

As salary constitutes the compensation paid by the employer in exchange for services rendered and, in many cases, the sole source of income for salaried workers, labor legislation has regulated the issue of deductions, establishing the general rule in art. 88 of the Labor Code that legal deductions shall be made from the salary. These…

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,…

Aspects of Corporate Governance Regulations for CNBS-Supervised Institutions
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Aspects of Corporate Governance Regulations for CNBS-Supervised Institutions

On October 22, 2022, in the Official Gazette No. 36,057, the Corporate Governance Regulation for Supervised Institutions (hereinafter referred to as the Corporate Governance Regulation) was published, establishing an adaptation period of 8 months. During the adaptation period, we had the opportunity to advise banks, insurance companies, and other institutions supervised by the CNBS in…

Fintech Regulatory Report
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Fintech Regulatory Report

Central America is a region experiencing growth and development in the Fintech market. In recent years, some countries have enacted laws, regulations, and rules applicable to various types of financial technology services. However, other services offered by Fintech companies are regulated through general principles of law and the primary laws of each country. Nevertheless, there…