Consortium Legal recognized as “Latin America: Professional Development Firm of the Year”
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Consortium Legal recognized as “Latin America: Professional Development Firm of the Year”

On the evening of Thursday, June 20, the Legal Benchmarking Group celebrated the Social Impact Awards 2024, where Consortium Legal was recognized as “Latin America: Professional Development Firm of the Year.” “Inclusion in this list highlights the significant progress law firms have made in building a more diverse and inclusive legal profession, as well as…

The SDGs from an energy perspective in Nicaragua
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The SDGs from an energy perspective in Nicaragua

The Sustainable Development Goals (SDGs) adopted by the United Nations in 2015 aim to combat extreme poverty and integrate and balance three essential dimensions of sustainable development: economic, social, and environmental. These goals provide a valuable roadmap for formulating global policies. These Sustainable Development Goals allow for a global commitment to continuous economic growth and…

Tax Requirements in the implementation of commercial policies for discounts, rebates, and bonuses in Nicaragua
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Tax Requirements in the implementation of commercial policies for discounts, rebates, and bonuses in Nicaragua

Generally, most companies engaged in commercializing goods and providing services implement sales policies and commercial strategies that allow them to offer better prices or incentives to attract or retain customers. This enables them to better position themselves in the market, compete with other companies in the sector, increase their sales volume, and consequently promote a…

Key Aspects of the obligation to maintain inventory control records in El Salvador
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Key Aspects of the obligation to maintain inventory control records in El Salvador

Taxpayer obligations regarding inventory control are essential to ensure transparency and accuracy in the recording and valuation of tangible personal property. According to art. 142 of the Tax Code, this obligation applies to taxpayers who transfer tangible personal property, requiring them to maintain clear and detailed records of the movement, valuation, and description of their…

The complementarity rule in the sub-motives of misapplication of law and violation of law by omission within the cassation appeal. Part II
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The complementarity rule in the sub-motives of misapplication of law and violation of law by omission within the cassation appeal. Part II

In the previous article, I discussed the reasonableness of the complementarity rule between the cassation sub-motives (substantive motives) of Misapplication of Law and Violation of Law by Omission (non-application) as established by the Supreme Court of Justice, Civil Chamber. In essence, it has been established that for the admissibility of these sub-motives, when alleging the…

Global minimum tax and its considerations for Costa Rica
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Global minimum tax and its considerations for Costa Rica

The global minimum tax arises from the OECD initiative known as “Pillar 2”, whose purpose is to establish a minimum global taxation level of 15% for large multinationals in all countries where they are present, as well as from the Multilateral Convention (MLC) signed between 140 member and non-member countries of this organization, intending to…

Regulation of Advance Pricing Agreements (APA) in Guatemala
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Regulation of Advance Pricing Agreements (APA) in Guatemala

The regulation of transfer pricing in Guatemala is based on the free competition principle. This principle is defined as the price or amount for a given transaction that independent parties would have agreed upon under comparable conditions. Taxpayers engaging in transactions with related parties must demonstrate compliance with the arm’s length principle through transfer pricing…

Strategies and considerations for obtaining permanent residency in Honduras
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Strategies and considerations for obtaining permanent residency in Honduras

Obtaining permanent residency in a foreign country is a significant step for many individuals seeking to establish themselves permanently outside their country of origin. Besides the personal and professional benefits, it offers, this process involves a series of specific requirements that must be met to achieve the desired goal. This article will explore fundamental strategies…

Change of name and/or surname due to abandonment in El Salvador
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Change of name and/or surname due to abandonment in El Salvador

On February 18, 2022, the Constitutional Chamber of the Supreme Court of Justice of El Salvador – hereinafter referred to as “SCN” – issued the judgment of the unconstitutionality process with reference 33-2016/195-2016, which brought to light two current debates in Family Law in general. These debates concern the possibility for an individual to change…

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 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…

Keys to Effective Legal Risk Management
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Keys to Effective Legal Risk Management

Today, many companies have made significant efforts to implement risk management tools to prevent problems that can cause monetary or non-monetary losses to their business. Within this mapping, it is important to include the identification, control, and management of legal risks. This mapping is a dynamic process as the company expands into new territories, ventures…