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EL SALVADOR - APPROVAL OF THE LOVE CONVERTED INTO FOOD LAW, FOR THE PROMOTION, PROTECTION AND SUPPORT OF BREASTFEEDING


On the 27th of September 2022 the Congress approved the “Love Converted into Food Law, for the Promotion, Protection, and Support of Breastfeeding.” Its purpose is to guarantee the right towards all girls and boys to breastfeed through the adoption of measures that en...

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NOTES ON THE PROCESSES OF PURCHASING MEDICINES IN THE CCSS IN LIGHT OF THE NEW GENERAL LAW OF PUBLIC PROCUREMENT IN COSTA RICA


A new General Public Procurement Law in Costa Rica will enter into force on December 1, 2022, along with its Regulations.   One of the great milestones of this new contracting or public procurement regulation in the country is the uniformity and homogenization that will ex...

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EL SALVADOR - CENTRAL RESERVE BANK APPROVES TECHNICAL STANDARDS REGARDING MONEY LAUNDERING, FINANCING OF TERRORISM AND FINANCING OF PROLIFERATION OF WEAPONS OF MASS DESTRUCTION RISK MANAGEMENT


On September 23rd, 2022, the Standards Committee of the Central Reserve Bank of El Salvador approved the NRP-36 named "Technical Standards for the Risk Management of Asset and Money Laundering, Financing of Terrorism and Financing of the Proliferation of Weapons of Mass Dest...

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ARIAS NAMED AS BEST CORPORATE REPUTATION AND ETHICS COMPANY


  The September edition of Summa magazine has ranked the top Central American companies in corporate reputation and ethics. This ranking has taken into consideration the work and service experience of each company, as well as the inclusion of several themes including sust...

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INCENTIVES FOR REFORESTATION AND FOREST CONSERVATION IN NICARAGUA


Incentives for reforestation and forest conservation in Nicaragua    Companies have the opportunity to invest resources in reforestation and forest conservation and obtain significant benefits in return. Among these benefits could be highlighted the following at a com...

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NICARAGUA - BAN ON THE IMPORT AND EXPORT OF ELECTRONIC CIGARETTES AND IMPOSITION OF MEASURES ON TOBACCO IMPORTS


On September 6, 2022, the General Directorate of Customs Services of Nicaragua issued Technical Circular Number 116/2022 regarding the Prohibition of the import and export of electronic cigarettes and other control measures on the import of tobacco, which also prohibits the stora...

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GUATEMALA - APPROVAL OF DECREE 46-2022 "LAW FOR THE PROMOTION OF FOREIGN CAPITAL INVESTMENT"


By means of Decree 46-2022, the Congress of the Republic approves the "Law for the Promotion of Foreign Capital Investment", published on the 19th of September 2022 in the Diario de Centro América.    Through this Law, Guatemala seeks to position...

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EL SALVADOR - CONGRESS DECREES HOLIDAY ON SEPTEMBER 16


Today, September 14, 2022, the Congress of El Salvador decreed as national holiday next Friday, September 16, 2022, given that Salvadoran families join the festivities of the celebration of Independence Day enjoying civic activities, which implies the massive transfer of Salvador...

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A NEW REAL ESTATE BROKERAGE LAW WAS APPROVED


On September 7, 2022 the National Assembly approved the bill "Real Estate Brokerage Law of Nicaragua" which revokes the Law Number 602 "Real Estate Brokerage Law of Nicaragua" in force since 2007.     The new law maintains the obligation to ob...

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ITR: RANKING 2022 OF LAWYERS IN THE TAXES AND FISCAL PLANNING PRACTICE


ITR recently published its most recent ranking of outstanding lawyers in the tax practice throughout the region. We share the list of our qualified lawyers in this edition:   ITR rates notable achievements and developments by international tax professionals from the No...

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THIRTY-SECOND EDITION OF IFLR1000: RANKING OF LAWYERS AT THE CENTRAL AMERICAN LEVEL


IFLR1000 published this year’s Lawyer’s ranking based on transactional evidence and feedback from clients and colleagues, extremely valuable factors for us. Here is the full list of our qualified leadership team ranked in the prestigious legal guide: As always, we...

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GUATEMALA - ENTRY INTO FORCE OF THE NEW INSOLVENCY LAW


The entry into force of the Insolvency Law, Decree 8-2022 of the Congress of Guatemala, on September 6, 2022, implies a total change in the regulations related to insolvency and bankruptcy of individual and legal persons, for both merchants and non-merchants.     ...

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INCENTIVES FOR SUSTAINABLE DEVELOPMENT IN NICARAGUA


For several years now, Nicaragua has been paving the way for national and foreign companies operating in the country or wishing to do so, to develop their investment plans and operating policies within the framework of sustainable development; however, there are still many challe...

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NICARAGUA - AMENDMENTS TO THE SPECIAL LAW ON EXPLORATION AND EXPLOITATION OF MINES


On August 29, 2022, the National Assembly approved the Law on Amendments and Additions to Law No. 387, Special Law on Exploration and Exploitation of Mines (the "Amendment"), which aims to regulate artisanal and small-scale mining.  The Amendment incorporates the ...

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GUATEMALA - TAX INCENTIVES IN NEW MOBILITY LAW


The Congress of the Republic approved the Law on Incentives for Electric Mobility, Decree 40-2022, enacted on August 30, 2022. Through this law, the Government seeks to comply with the commitments made by Guatemala in terms of improving the environment, therefore by this law the...

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NICARAGUA - CREATION OF THE COMMISSION FOR THE DEVELOPMENT OF ATOMIC ENERGY FOR PEACEFUL PURPOSES


On August 29th 2022, Decree 16-2022 "Decree for the Creation of the Nicaraguan Commission for the Development of Atomic Energy for Peaceful Purposes" (hereinafter the "Decree”) was published in La Gaceta Official Diary,  apart from creating the Nicaragua...

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ARIAS BAND 1 ACCORDING TO CHAMBERS & PARTNERS


Chambers and Partners published the ranking of law firms and lawyers corresponding to its Latin American guide 2023, in which we were listed once again in BAND 1 in Central America, reflecting our commitment and dedication that are the pillars of the quality of our work. The pre...

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WE EXCELLED IN THE M&A PRACTICE IN COSTA RICA AND PANAMA


IFLR1000 published the results of their research in Costa Rica and Panama for Mergers and Acquisitions:   It is worth mentioning that this prestigious legal directory bases its findings on transactional evidence, but more importantly, it values the feedback of clients an...

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PANAMA - THE USE OF ELECTRONIC SIGNATURE REACHES THE INSURANCE BUSINESS


In recent days, the Insurance Superintendency of Panama approved Rule No. 02 of 2022, which regulates the use of electronic signatures in the documentation related to the insurance sector. This legislation came into effect on July 20, 2022. The main objective of this Rule i...

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ARIAS: ELITE FIRM IN CENTRAL AMERICA BY LATIN LAWYER 250 2023


  Latin Lawyer published its prestigious Latin Lawyer 250 list with recommendations of legal firms corresponding to 2023 and we have been named an elite firm in Guatemala, El Salvador, Honduras, Nicaragua and Costa Rica and as a highly recommended firm in Panama. Latin L...

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