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EL SALVADOR - NEW TENDER PROCESS FOR THE SUPPLY OF 115 MW OF POWER AND ITS ASSOCIATED ENERGY TO BE PROVIDED AS OF JANUARY 1, 2022


The electricity distributor company AES CLESA Y CIA., S. EN C. DE C.V., on its behalf and on behalf of the electricity distributor companies DELSUR, S.A. DE C.V., CAESS, S.A. DE C.V., EEO, S.A. DE C.V., DEUSEM, S.A. DE C.V., EDESAL, S.A. DE C.V., B & D SERVICIOS TÉCNIC...

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ARIAS ADVISES TELEFÓNICA IN THE SALE OF ITS OPERATIONS IN EL SALVADOR


Arias advised Telefónica, S.A., TLK Investments, C.V. and Telefónica Centroamérica Inversiones, S.L., as selling companies, in the signing of the share purchase agreement regarding the sale of 100% of its interest in the operations in El Salvador in favor of ...

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EL SALVADOR - ENTRY INTO FORCE OF THE GENERAL ELECTRICITY LAW AMENDMENTS


According to the amendments to the LGE, the activities of generation, transmission, distribution and commercialization of electricity are recognized as public services, which will continue to be regulated under the LGE.   Regarding the concession for the exploitation of a ...

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COSTA RICA - MANDATORY VACCINATION AGAINST COVID-19 IN THE PUBLIC AND PRIVATE SECTORS


The President of the Republic and the Minister of Health signed today, October 11, the Executive Decree number 43249-S which establishes the obligation for employees in the Public Sector to be vaccinated against COVID-19 virus and also empowers employers in the Private Sector to ...

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COSTA RICA - EXTRAORDINARY FILING OF THE ULTIMATE BENEFICIAL OWNER-REPORT


During April and May was carried out the ordinary filing of the Ultimate Beneficial Owner (UBO) Report of the legal entities incorporated in the country.   Based on regulation DGT-ICD-R-06-2020, legal entities will have the obligation to file an extraordinary or an ordinar...

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PANAMA - REGULATION OF THE PANAMANIAN FOOD AGENCY (APA)


On September 29, 2021, Executive Decree No. 125 which regulates the Law 206 that creates the Panamanian Food Agency (APA), was published in the Official Gazette. The APA replaces the Panamanian Food Safety Authority (AUPSA).   The APA is a new autonomous entity of the Stat...

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COSTA RICA - COMPULSORY COVID-19 VACCINATION IN THE PRIVATE SECTOR


On September 28, 2021, the National Commission of Vaccination and Epidemiology approved the obligatory vaccination against COVID 19 for the employees of the private sector whose employers, within their internal labor regulations, have opted to incorporate this vaccination as obli...

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ARIAS: CENTRAL AMERICAN TAX FIRM OF THE YEAR BY ITR AWARDS 2021


The International Tax Review awarded  the achievements and notable developments by professionals specialized in international taxes from the North American, Central American and South American region during a period of 12 months  in its “ITR 2021 Awards” and...

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PANAMA GRANTS PATERNITY PRIVILEGE


In September 2016, the Government has approved the Law No. 238 of 2021 that extends the scope of the maternity privilege to the father and mandates a vacation leave in cases where the mother has passed away. This paternity privilege is coming into effect the next day after l...

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PANAMA HARDENS SANCTIONS TO FOREIGNERS MISSING WORK PERMITS


By means of the Law No. 237 of 2021, the Labor Code is modified to increase sanctions due to infringements related to the recruitment of foreign personnel without the corresponding authorization, establishing US$ 15,000 fines and provisional suspension of the company’s comm...

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ARIAS SHORTLISTED FOR CHAMBERS LATIN AMERICA AWARDS 2021


The finalists for the Chambers Latin America Awards 2021 were announced and we are pleased to announce that our firm was bestowed 6 nominations including CENTRAL AMERICA LAW FIRM OF THE YEAR 2021.     These awards are based on the research for Chambers Latin Americ...

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EL SALVADOR - BITCOIN LAW AND REGULATIONS ENTER INTO FORCE IN EL SALVADOR


On June 8, 2021, the Congress of the Republic of El Salvador approved the Legislative Decree 57 that contains the Bitcoin Law, being its purpose to regulate Bitcoin as legal tender, unrestricted, with liberating power, and unlimited in any type of transaction that individuals or ...

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SONIA URBINA IS PROMOTED TO PARTNER IN ARIAS HONDURAS


  Our vision as a law firm is to be strategic partners to our clients and an enhancer of our human talent, motivating and encouraging them to offer top notch legal services, hence promoting our best talent is key to making things happen.   Sonia Urbina, senior asso...

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IFLR1000 LEGAL RANKING 2022 (INTERNATIONAL FINANCIAL REVIEW)


IFLR1000, announces the Central American lawyers ranking, basing their qualifications on transactional evidence and feedback from clients and colleagues, extremely valuable factors for our firm.   Congratulations to the entire regional team, thanks to your talent we have p...

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PANAMA EXEMPTS FROM SUBMITTING COVID-19 TESTS TO VACCINATED TRAVELERS


Through Executive Decree No. 833 of August 30, 2021, Panama has eliminated the requirement to present COVID-19 tests and to carry on a 72-hour preventive quarantine, for travelers arriving in the national territory, as long as the person has completed the vaccination pr...

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ARIAS DEMONSTRATES LEADERSHIP IN CHAMBERS AND PARTNERS LATIN AMERICA'S 2022 RANKING


  Chambers and Partners conducts an in-depth research to rank the top law firms and lawyers across Latin America for its prestigious annual guide: Chambers and Partners Latin America. In this guide, the renowned legal directory covers a total of 20 jurisdictions, cov...

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NICARAGUA - AMENDMENTS TO FINANCIAL AND BANKING REGULATIONS


On August 24, 2021, the Nicaraguan Parliament approved amendments to the General Banking, Non-Banking Financial Institutions and Financial Groups Law, particularly with respect to sanctions applicable to directors, managers, officers, employees and internal auditors of financial ...

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NICARAGUA - RESOLUCIÓN MINISTERIAL NO.334-2021 - “SE APRUEBAN LOS REQUISITOS Y PROCEDIMIENTOS DE REGISTRO SANITARIO DE LOS PRODUCTOS DE TABACO”


On August 6, 2021, Ministerial Resolution Number 334-2021 was published in Nicaragua in the Gazette Number 146. Such resolution approves the requirements and procedures for sanitary registration of tobacco products and their derivatives; registration of establishments dedicated t...

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ARIAS: AMONG THE 10 MOST WELL-RESPECTED LAW FIRMS IN CENTRAL AMERICA IN THE TRADEMARK LAWYER RANKING 2021


Throughout the year, The Trademark Lawyer magazine carries out extensive research to highlight leading firms in the IP and trademark field in each jurisdiction to recognize the hard work and improvement firms have achieved and to aid clients select the best firm for their needs. ...

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NEW EDITIONS FOR PATENT, TRADEMARK AND INDUSTRIAL DESIGN CLASSIFICATIONS COME INTO FORCE IN GUATEMALA


On September 27, 2021, the following Ministerial Agreements issued by the Ministry of Economy were published in the Official Gazette of Guatemala:   Ministerial Agreement number 396-2021 for the enforcement of the International Patent Classification (IPC), established by...

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