The term digital nomad is not a concept derived from the pandemic, as it had already been coined in 1997 by the authors of the book of the same name, Tsugio Makimoto and David Manners. However, it did become popular with the pandemic. Digital nomads are people who choose to work outside their home countries…
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,…
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…
Having policies and controls for the prevention of money laundering is of vital importance for organizations (whether supervised or not) to avoid incurring administrative or criminal liabilities, taking into consideration that the Criminal Codes regulate this crime in its intentional and reckless modalities. Legal persons are obliged to implement policies and controls when they are…
Introduction In our different jurisdictions we saw that the application and implementation of electronic signatures was accelerated during the pandemic and in recent years, Central American countries have passed legislation that gives the same legal validity and effectiveness to electronic signatures as handwritten signatures. Today, we are beginning to hear of some precedents from regulatory…
The COVID-19 pandemic has profoundly affected companies around the world, and Honduras has been no exception. In the midst of the economic and financial challenges posed by this global crisis, Honduran companies have had to seek innovative ways to adapt and maintain their financial stability. In this context, the payment of dividends in kind has…
Regional Tax Team Concept and background: Capital gains are those that are generated by activities outside the taxpayers’ line of business. That is to say, they do not come from their line of business or usual activity. Capital gains occur when as a result of a monetary operation, there is a difference between the amount…
Border Measures (FM) are temporary measures designed to prevent the importation or exportation of goods that infringe the rights of a trademark holder and allow the suspension of customs activity and the removal or confiscation of the infringing merchandise. The objective of FMs is to suspend the clearance of counterfeit or “pirated” goods that infringe…
There are several crimes and administrative offenses that may be incurred in immigration matters. Within the Central American region, these offenses are punished in different ways, depending on the seriousness of the case. The regulating and sanctioning entity in the countries of El Salvador, Nicaragua, Costa Rica, and Honduras is the Directorate of Migration and…
Sophists were ancient Greek philosophers who, among other things, taught the art of the use of words. Their methods were not always entirely ethical, and it is said that they practiced the art of presenting the false as true. A sophism, therefore, is an argument that appears to be true, but which at bottom is…
Central America, May 22, 2023 Consortium Legal, one of the leading legal firms in Central America, announces the evolution of its brand as part of its commitment to continuous improvement and staying at the forefront of the market. With the largest legal team in the region, Consortium has always been committed to excellence and…
By: Annette Herrera Pro-bono work is free legal services for the benefit of low-income, socially vulnerable, or marginalized individuals or communities, and the organizations that assist them (NGOs). Providing pro-bono services to those who need them most demonstrates professional integrity and strong ethical values. Pro-bono work is increasingly linked to environmental, social, and corporate governance…