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Consortium Legal - El Salvador

Diego Martin

Diego Martin



  • Corporate Law
  • Tax Law

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Group Leader
Diego is partner at Consortium Legal – El Salvador. With more than 15 years of experience in the sectors of tax, insurance, infraestructure and technology; he has experience in insurance law, foreign investment and international trade, customs law, tax and corporate law. He has an extensive experience as a legal advisor to recognized companies, both local and international; he has been a local consultant for national and international public organizations, including the World Bank.

During his career, he has participated as a leading local lawyer in the process of negotiating and acquiring the hotel shares previously operated by the Hilton Franchise by Grupo Español Barceló Hotels & Resorts and in the acquisition of the Maxiefectivo/GuatePrenda group by Ezcorp.

He has also advised various clients in tax and customs litigation at administrative and judicial levels. Recently, he led the defense of an administrative process of verification of origin under CAFTA, against the granza rice importer industry, having achieved the recognition of origin by the General Customs Office and the closure of the case, and avoiding the application of duties, taxes and fines over the amount of approximately 15 million USD.

He has been a professor of Law, specializing in corporate and tax obligations. He is the author of different articles, in directories and legal magazines such as Law Business Research, the International Financial Law Review, El Economista, Derecho y Negocios, GBM Magazine and Thomson Reuters, among others.

Bar Admissions

Supreme Court of Justice - El Salvador


Authorized by the Supreme Court of Justice (CSJ) of El Salvador
S.J.D. (Doctor of Juridical Science), Private Law, Universidad Autónoma de Barcelona.
LLM, Private Law, Universidad Autónoma de Barcelona
LLB, Dr. José Matí­as Delgado University, with honors.
Advanced Studies Diploma (DEA), Universidad Autónoma de Barcelona.
Higher Specialized Education Diploma (DESE), Universidad Autonoma de Barcelona.
Legal English Diploma, Pontificia Universidad Javeriana de Colombia.
Areas of Practice

Banking | Corporate Law | Financial Law | Insurance | Tax Law | Trade

Professional Career

Significant Accomplishments

- Leading Counsel and coordinator for Central America to MAPFRE in the Due Diligence Process and Merger Process of the multinational insurance company with GRUPO MUNDIAL. This transaction represented a US$211 million insurance merger, in which MAPFRE acquired 57 per cent of the shares of Aseguradora Mundial and Mundial Desarrollo de Negocio, subsidiaries from Grupo Mundial, creating the largest insurance group in the Central American region.

- Counsel to SHELL in the selling process and obtaining of governmental approvals to sell its supply, distribution and marketing businesses in Central America to the Honduran conglomerate Grupo Terra.

- Leading Counsel to Grupo PROMERICA as lender in a syndicated loan granted to TACA INTERNATIONAL AIRLINES and Co-Borrowers for a total amount of US$100 million destined to finance a restructuration of its short term debt and its operations.

- Counsel to the Savings & Loan entity, Apoyo Integral, to obtain government authorization to operate in El Salvador.

- Counsel to multinational company, Saongroup.com in the acquisition of the portal of online recruitment Tecoloco.com. This transaction was the first acquisition of a DOT COM in the region.

- Counsel to Credit Suisse, Sydney Branch's for the negotiation and preparation of local security documents in the amount of $10,125,000.00 in relation to a facility agreement granted to a multinational company from New Zealand.

Professional Associations


Professional Activities and Experience

- Former Legal Director of MAPFRE Asistencia, the assistance and reinsurance company of MAPFRE Group in El Salvador, with significant experience in Insurance Law.
- Law professor at Dr. José Matí­as Delgado University.
- Law professor at Central American University (UCA) in the Program of Master in Finance, in the subject Corporate and Tax obligations.

El Salvador: Advance payment of the Income Tax
Consortium Legal - El Salvador, October 2021

Advance payment can be understood as: “… the payment made before the occurrence of the generating event that constitutes the future and uncertain event on which the legal force of the obligation depends” (Giulani Fonrouge and Susana Navarrine in “Procedimiento Tributario”, Editorial de Palma, page 159)...

Opportunities for foreign bitcoin-related investors in El Salvador
Consortium Legal - El Salvador, June 2021

In El Salvador, the Bitcoin Law was approved by the Legislative Assembly and published in the Official Gazette last June 9th of this year, establishing avacatio legisof ninety days from its publication; in that sense, its entry into force is scheduled for next September 7th...

El Salvador: How Does the Pandemic Declared by the WHO Affect the Coverage of my Insurance Policies?
Consortium Legal - El Salvador, March 2020

It is normal that an insurance contract does not cover all the different events that are part of the entire risk, since this would imply that the contract was becoming more expensive every day, in the face of the appearance of catastrophic risks or risks that due to different factors do existed before. In this sense, the delimitation of the scope of the insurance contract becomes an important situation to analyze...

Additional Articles

- Author of: "El Rí©gimen Jurí­dico del Contrato de Seguro en El Salvador" (The legal regime of the insurance contract in El Salvador), 2009.
- Author of: "La reticencia, la agravacií³n del riesgo y la reticencia en el contrato de seguro bajo la legislacií³n salvadoreña" (Reticence, False Declaration and Aggravation of Risk in the Insurance Contract under Salvadoran Legislation), 2011.
- Author of articles:
"Benefits and fiscal incentives of the international services law" -May 2010 - International Financial Law Review.
"The merger of companies and tax effects in El Salvador" - June 2010 - International Financial Law Review.
"Employer substitution in El Salvador and its effects" -September 2010 "“Business Magazine-AmCham.
"Taxation in El Salvador" -January 2011 -Global Business Magazine.
"Legal analysis of the international services law" -May 2011 - El Economista Magazine.

- Author of El Salvador"™s Chapter -The Employment Law Review - Second Edition, 2011 -Law Business Research

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