From a statement issued by Cacif Guatemala:

February 28, 2017. The events that have occured in recent days have caused uncertainty and concern in various sectors of the country, including the productive sector.

The suspension of operations of the Oxec hydropower station in Santa María Cahabón, as well as doubts expressed and lack of consensus does not make it advisable to amend Article 203, related to jurisdiction in constitutional reforms, it can only feed the lack of legal certainty, which is essential for the country's development.

More on this topic

Legal Certainty: What are Investors asking for?

March 2021

A few weeks before the new magistrates of the Constitutional Court take office in Guatemala, the business sector is asking that the new members of the highest court advocate for a real rule of law and provide legal certainty to investments.

In recent years, Guatemala's Constitutional Court (CC) has gained prominence in the country's economic sphere, as its rulings have affected different investments that were already operating locally.

Trademarks and the Threat to Legal Security

February 2020

With regard to the discussion of an initiative which aims to modify the Trademark Law in Nicaragua, the business sector believes that relevant changes are being considered in the area of legal security, as far as the protection of trade names is concerned.

Regarding the subject, the National Assembly reported that on February 27, "...

El Salvador: Legal Uncertainty Making Business Climate Worse

February 2017

Although emphasis was given to the momentum taken in the fight against corruption in 2016, lack of legal certainty continues to affect conditions for doing business in the country.

From a report on the Legal and Institutional Situation by the Salvadoran Foundation for Economic and Social Development:

Guatemala: Hydroelectrics and Legal Uncertainty

February 2017

The Constitutional Court has upheld suspension of the license for the Oxec I and II hydroelectric stations, for allegedly failing to consult indigenous peoples in the area before starting the projects.

The decision taken by the Constitutional Court (CC) is seen by the private sector as a threat to legal certainty in the country, because of the projects that are at stake and the effect it will have on other investments that may no longer be made in Guatemala if orders continue to be given to suspend mining and energy projects.