GUATEMALA
ARE SHAREHOLDER AGREEMENTS VALID IN GUATEMALA?
The Guatemalan Commercial Code prohibits shareholders from making reserved agreements against the content of the bylaws and articles of incorporation. Such a rule may raise doubts about the validity of shareholder agreements in Guatemala...
  EL SALVADOR
AIR SERVICE AGREEMENTS RECENTLY APPROVED BY EL SALVADOR
With the ratification of these agreements, the desire to promote trade, tourism and investment between El Salvador and the other countries is verified. In the same way, friendship and economic bonds are strengthened with them...
  HONDURAS
THE OBLIGATION TO PRESENT MUNICIPAL SOLVENCY IN FINANCIAL PROCEEDINGS HAS BEEN REPEALED BY THE NATIONAL CONGRESS OF HONDURAS
It is obligation of the State of Honduras to ensure the balanced development of the different production sectors for the economic growth of citizens and the nation in general...
  NICARAGUA
AMENDMENTS TO SOCIAL SECURITY SYSTEM IN NICARAGUA
A resolution issued by the Administrative Board of the Nicaraguan Social Security Institute (INSS in Spanish), effective February 1, 2019, established several amendments to the social security system, as described below...
 

COSTA RICA
NEW SERVICE: INSPECTION TEST - RUN
The bill modifies the procedure that establishes the infractions related to labor laws, it also broadens the powers of the inspectors of the Ministry of Labor and Social Security and allows the imposition of immediate sanctions to companies...

 

PANAMA
NEW REQUISITES FOR THE TRANSFER OF IMMOVABLES IN PANAMA
On January 2019, the Public Registry of Panama - entity in charge of protecting property - advised users and Notaries Public of the country that in compliance with “Law 66 of October 17th, 2017”, new requisites to carry out the transfer of property are established...

New legal practice in Arias Panama

Arias and
Castro & Pal
merge their operations

Arias, legal counsel in the sale of Banco Scotiabank and Scotia Seguros in El Salvador