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…

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…

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….

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…

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…

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…

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…

Modifications and additions to resolution DGT-R-46-2014 in Costa Rica
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Modifications and additions to resolution DGT-R-46-2014 in Costa Rica

Mandatory requirement for National Large Taxpayers to submit audited financial statements. With the publication in the official newspaper La Gaceta of resolution MH-DGT-RES-0002-2024 on February 15, 2024, modifications and additions were made to resolution DGT-R-46-2014, linked to the mandatory requirement for National Large Taxpayers to submit audited financial statements. Resolution MH-DGT-RES-0002-2024 amends articles 1, 4,…

Export and Phytosanitary Health Certificates and Their Electronic Transmission in Central America
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Export and Phytosanitary Health Certificates and Their Electronic Transmission in Central America

Central American origin goods requiring documentation of their sanitary and phytosanitary condition to any country part of Central American Integration must transmit the certificate electronically through the corresponding institution of the country of origin and the Central American Trade Platform (PDCC). As part of the Central American Trade Facilitation Strategy, approved in Agreement No. 01-2015…

Public-Private partnerships for the development of energy projects
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Public-Private partnerships for the development of energy projects

1- Introduction The constraints of public finances and limited access to state borrowing for socially desirable projects have led to various schemes involving private sector participation in the design, planning, financing, construction, operation, and maintenance of infrastructure projects, particularly in the areas of roads, ports, and airports. Examples of such participation include the concession of…

Tax Trends in Central America 2023
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Tax Trends in Central America 2023

The Central American region has been characterized by a very dynamic economic, political, and social development, which has permeated the design of fiscal policies in each country. Under this reality, the tax component is consolidated as one of the most important elements of analysis for those who do business in the region, given the development…