Nicaragua: State is Partner in Oil Exploration
Thursday, September 18, 2014
The adoption of the amendments to the hydrocarbon law provides for the participation of the state run company Petronic in exploration activities and the ability to partner with other companies engaged in the activity.
The amended law authorizes Empresa Nicaragüense de...
Panama: Mandatory Free Car Parking
Thursday, September 18, 2014
The business sector claims that the bill regulating the use of parking lots in shopping malls and public offices goes against private enterprise and sends signals of legal uncertainty.
The approval on its first reading of the amendment to...
Concern Over Proposal on Right to Strike
Tuesday, September 9, 2014
A proposed amendment to the Labour Code of Costa Rica would allow for strikes with only 16% of total workers in companies whith no unions.
From a statement issued by the Union of Chambers and...
Costa Rica: Jail for Minor Smuggling Offences
Monday, September 8, 2014
The Ministry of Finance intends to lower the minimum amount of the value of illegally imported goods which would incur criminal penalties for smuggling from $50 thousand to $10 thousand.
Deputy Minister of Revenue, Fernando Rodriguez, told...
Guatemala Repeals Plant Production Law
Friday, September 5, 2014
The law was one of the conditions in the CAFTA negotiations and granted intellectual property rights for the creation of new seeds to those who succeeded in obtaining them.
The Law on Protection of New Plant Varieties, known as...
Reform to Lift "Corporate Veil"
Thursday, August 28, 2014
If successful, the bill being discussed in the Legislative Assembly of Costa Rica, will make shareholders of corporations liable in cases of fraud.
The Legal Affairs Committee has endorsed a bill entitled...
Reform to Law on Hydrocarbon Exploration
Wednesday, August 27, 2014
A proposal has been made to amend the Special Law on Exploration and Exploitation of Hydrocarbons in order to further extend search deadlines from 5 to 10 years for the operating period and from 1 to 6 years for exploration.
In order to provide longer time frames for exploration...
El Salvador: Law on Investment Funds Approved
Friday, August 22, 2014
The law establishes a framework for the supervision of investment funds, fractional shares, management companies and the registration and marketing of foreign funds.
From a statement by the Legislative Assembly of El...
Honduras: 10% Capital Gains Tax Repealed
Thursday, August 21, 2014
Congress has approved the elimination after various sectors claimed that it would have an impact on property and land prices.
Laprensa.hn reports that "... this relates to Article 11...
Solar Power Projects in Honduras
Wednesday, August 13, 2014
The Pavana Solar photovoltaic park will be one of the first to start trading, supplying 25 MW to the national grid starting March 2015.
In March the Congress of Honduras approved a contract...