El Salvador
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 to stay ahead in the market. With the largest legal team in the region, Consortium has always been committed to excellence and innovation to provide the best service to all its clients
El Salvador
Consortium Legal – Guatemala, as part of the growth and development it has in each of its areas of practice, announces the appointment of Ms. Ana Sofia Escribá Barnoya, as a partner in the Corporate Law practice area. Sofía has more than 12 years of experience in corporate law, specializing in mergers and acquisitions. She has extensive experience in negotiating contracts, shareholders’ agreements, and foreign investment
El Salvador
The Development Banking System (SBD) was created in 2008 by Law N ° 8634, reformed in 2014 by Law N ° 9274. As its name indicates, it is a system that comprises organizations of different nature, whose purpose is to finance and promote technically and economically feasible productive projects, in accordance with the country’s development model in relation to the social mobility of the system’s beneficiaries, which are defined in article 6 of the Development Banking System Law
El Salvador
On May 12, 2021, the Congress of the Republic approved 3 amendments to Decree 65-89 regulating the Law of Free Zones in Guatemala through Decree 6-21. In accordance with this amendment, the following was modified in bold type: 1
El Salvador
El Concejo Municipal de la ciudad de Santa Tecla, emitió el día 31 de agosto de 2021, acuerdo municipal mediante el cual se aprobó la Política para la regulación de las deducciones de los contribuyentes del Impuesto a la Actividad Económica en el municipio de Santa Tecla; dicha política fue publicada en el Diario Oficial número 180, tomo 432, de fecha 22 de septiembre de 2021 y entrará en vigencia a partir del día 30 de septiembre del presente año
El Salvador
In August of this year certain reforms to the main laws of the Nicaraguan financial system were approved: Law No. 1078 “Law Reforming Law No. 561 General Law of Banks, Non-Banking Financial Institutions and Financial Groups”, Law No. 1079 “Law Reforming Law No. 587 Capital Markets Law” and Law No. 1080 “Law Reforming Law No. 316 Law of the Superintendence of Banks and Other Financial Institutions”
El Salvador
We hereby inform that the Executive Branch issued Executive Decrees 9 and 10; the first one increases the minimum wage in the agricultural, fishing, coffee harvesting, sugar cane harvesting, and other agricultural activities sectors and the second one in the commerce, services, industry, textile and garment manufacturing, sugar mills, coffee processing, and other agro-industrial activities sectors, as well as for home workers working in all these areas
El Salvador
LEGISLATIVE DECREE N°90: On July 13th, 2021, the Salvadoran Congress approved and on the same date published on the Salvadoran Official Gazette the “Special and Transitory Provisions for the Suspension of Public or Private Rallies and Events”, because of the identification of new variants of SARS-CoV-2 that increase the viral transmissibility, which can cause severe disease even in people who have been previously infected
El Salvador
July 2nd, 2021 As part of the firm’s growth strategy and to continue providing the highest standard of quality legal advice to its clients, Consortium Legal announces the appointment of Elías Arriaza Sáenz as equity partner; the reincorporation of Mario Estuardo Archila Maldonado as equity partner and the hiring of Salvador del Valle Pezzarossi as practice partner, in the Guatemala office
El Salvador
Yesterday, legislative file 22.215, Law to Attract International Workers and Remote Service Providers, was approved in first debate. The main purpose of this project is to attract digital nomads to Costa Rica, who will be granted a series of tax benefits. Who is a digital nomad? Digital nomads will be those persons who meet the following conditions: Foreign persons working and providing services remotely, who perform work on behalf of a natural or legal person abroad
El Salvador
On January 23rd, 2021, the President of the Salvadoran Congress published this Legislative Decree, which aims to establish provisions for the care, management, and comprehensive control of the COVID-19 pandemic. Legislative Decree 757 comes into force on January 23rd, 2021, and its effects will end after 8 months, until September 22nd, 2021. I
El Salvador
En la noche del 19 de enero, se llevó a cabo la ceremonia de premiación de Cyrus R. Vance Center for International Justice, en donde reconocieron iniciativas Pro-Bono que tienen gran impacto en la sociedad. El Vance Center promueve la justicia global, mediante la participación de abogados en todas las jurisdicciones, para apoyar a la sociedad civil y a una profesión legal éticamente activa. Consortium fue reconocida por su labor en la iniciativa de Vance Center, “Familias Unidas”
El Salvador
Por primera vez en la historia, Chambers Latin America dio a conocer el nombre de los ganadores de los premios a la excelencia 2020, en una ceremonia virtual en la que reconoció la excelencia transaccional de las firmas en América Latina
El Salvador
On August 7, 2020, Finance Minister Alejandro Zelaya and the Superintendent of the Financial System, Gustavo Villatoro, signed a Technical Cooperation Agreement, with the aim of improving the exchange of information to combat tax evasion and streamline processes with the use of new technologies, in order to strengthen the Anti-Tax Evasion Plan
El Salvador
The General Directorate of Customs (DGA) will implement the Reliable Operator Program, with the objective of streamlining customs operations by simplifying and improving the use of new technologies, which is expected to bring economic benefits to users as a result of a reduction in the time taken to process customs operations
El Salvador
On February 6, 2020, the winners of the 2020 Client Choice Awards were announced. Our Senior Associate, Sofia Escriba, had the honor of participating in the awards ceremony held in London, England. Sofia was recognized for her excellent customer service and the quality of service she provides to her clients. Our partners Álvaro Castellanos and Oscar Samour were also recognized with this award
El Salvador
We are proud to announce that our regional tax team has been recognized as "Best Firm in Central America" by International Tax Review. The recognition was conferred during ITR Awards Ceremony held the night of Thursday September 19th, 2019. During the ceremony, it was stated that “the winner for “Tax Firm of the year” wins for its strength in delivery for clients across all region”
El Salvador
The international legal directory, International Financial Law Review (IFLR) presented Consortium Legal with seven regional awards at its annual gala held in New York City on Thursday, May 16. The gala gathered the law firms with the best legal talent in the continent to highlight their achievements in 2018’s most innovative cross-border transactions, along with the teams and attorneys who participated in those transactions
El Salvador
As is the case across Central America, Consortium’s San Salvador office is one of the leading firms in the market. Few competitors can boast such a strong banking and finance practice, and the same holds for its corporate and M&A division, which rakes in large amounts of work. While 2018 was not as strong as the previous year, mainly because of the country’s elections in early 2019, the firm was still involved in most of the largest transaction the market could offer
El Salvador
Legal Consortium - El Salvador advised the Republic of El Salvador acting through the Ministry of Finance in the issuance of bonds for a total amount of US $601,085,000. Consortium was in charge of reviewing compliance with the Purchase Agreement, price list, circular of preliminary and final offer - among other documents - in relation to local laws. Likewise, the legal opinion related to the validity of the issue was elaborated
