Since commerce is an activity in constant development we can assert that it is necessary to have regulation which isadequate and flexible to change because to the contrary the regulation would become obsolete and impossible to apply to day to day transactions. In the same way, commercial regulation must also promote inclusion of the merchant…

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On February 25, 2016, the Congress of the Republic of Guatemala approved the accession of the country to the Trademark Law Treaty (TLC), originally subscribed in Geneva on October 27, 1994; the approval was one of the commitments of Guatemala established in the Free Trade Agreement between Dominican Republic, Central America and the United States…

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This week, two partners of LatamLex, Elizabeth Heurtematte and Luis Ruiz,  will be attending the Annual Conference of the International Bar Association -IBA, which will take place in Vienna – Austria. The event, which serves as an encounter for thousands of lawyers from all around the world, puts together all kinfds of legal experts in…

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With the new Civil Procedure Code, the time it takes to conduct civil proceedings will be reduced from an average of between 10 and 15 years to just two years. Cases of breach of contract between private parties who undergo civil suits will be resolved in an average two-years, as hearings will be held in…

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UATEMALA On September 23 a group of 12 US Companies will meet with Guatemalan businessmen to explore business opportunities. Participating companies will be offering franchises that require investments of between US$50.000 and US$1 million. Source: www.guatefranquicias.org HONDURAS The duty free import quota approved for the fourth quarter of 2015 correspond to 10.487 tons of white corn,…

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Costa Rica In Costa Rica, another company leaves stock exchange. The company is Vidriera Centroamericana S.A. and it will be taking out a bank loan to pay its corporate bonds listed in the stock market while leaving this market as an issuer of public shares. Source: www.nacion.com Panama Gas Natural Atlántico, a subsidiary from AES Corporation has announced…

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Panama Panama reaffirms bilateral cooperation with Spain. With the Strategic Government Plan from the Republic of Panama, the govern focuses on strengthening the cooperation bonds it had with Spain in topics such as Governability, Security, Education and Capacity Development. Source: www.anpanama.com In Panama the State buys public transport company for US$49 million. The govern has announced…

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El Salvador Decentralization of Environmental Licenses in El Salvador for the departments of La Paz and San Vicente. In light of this, all who which to obtain an environmental license may go directly to the local government without having to go to the national authority.   Source: www.centralamericadata.com

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The Government from Honduras passes a new law that regulates the use of chemicals in soil. The new law regulated the use in soil of 70 chemicals including, inorganic compounds, hydrocarbons, pesticides and other industrial chemicals. Source: www.centralamericadata.com

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San Salvador, August 14 of 2015 With 74 votes in favor, the Legislative Assembly approved the creation of a Financial Inclusion Law. This Law aims at providing financial inclusion, and promoting competition in the financial service sector, as well as reducing costs for users and clients of the system. Official data establishes that only 35%…

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