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Consortium Legal - El Salvador

Diego Martin

Diego Martin



  • Banking
  • Corporate Law
  • Financial Law
  • Insurance

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Bar Admissions

International Insurance Society (IIS).
International Tax Planning Association (ITPA).


- 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 Autnoma 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 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: 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...

El Salvador Takes Measures Against the Coronavirus - What Impact Will it Have on Migration?
Consortium Legal - El Salvador, March 2020

From the end of January to the beginning of February of this year, the Republic of El Salvador declared an emergency due to a coronavirus, not because any case has been detected in the country, but precisely to prevent the entry of people infected with it...

Central America: Tax Amendments and Opportunities
Consortium Legal - El Salvador, August 2019

Reform is in the air for Central America’s tax systems. Alfredo Rodríguez, Diego Martín ­Menjívar, Armando Manzanares,Carlos Taboada and Diego Salto Van der Laatof Consortium Legal take a look. Central America’s tax systems have certainly evolved over the past few years. Looking ahead, the need to increase fiscal revenues and the lack of modernised systems will trigger further reforms in most of the countries...

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


The Legal Regime of Tax Returns in El Salvador
Consortium Legal - El Salvador 

Speaking of compliance with tax obligations comes to our mind the duty to pay taxes (noun) as the Tax on the Transfer of Goods and Provision of Services (VAT) or Income Tax (ISR), which undoubtedly It is true; but equally certain it is that with the payment obligation exists another set of...

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