Nicaragua Approves Geothermal Law Reform
Wednesday, October 15, 2014
The Assembly has approved the amendment to the law that gives the state a 10% share of all concessions for exploration and exploitation of geothermal resources.
Unlike the hydrocarbons reform law, this amendment was...
Nicaragua: 10% State Stake in Energy Companies
Friday, October 10, 2014
In the Legislature a bill is being introduced that gives the state a minimum holding of 10% in energy projects of over 100 MW.
With the reform of the law of Exploration and...
Panama - Mexico FTA Approved
Wednesday, October 8, 2014
Access to the Mexican market for flowers, watermelons, melons, beef offal, processed chicken, seafood and cocoa will be given in the first five year period.
The free trade agreement with Mexico, approved on its...
Initiative to Streamline Business Registration
Tuesday, October 7, 2014
Guatemala has presented a bill to reform the Code of Commerce to reduce the time to it takes for registering a business from 20 to 3 days.
From a statement issued from the Congress of...
Subsidy for Solar Energy in Honduras
Thursday, October 2, 2014
Photovoltaic projects will have a special incentive of three cents per kilowatt-hour (kWh), which is on top of the 10% established by the Law on the Promotion of Electricity Generation using Renewable Resources.
Elheraldo.hn reports that "... The diversification of...
Panama: New Measures Against Money Laundering
Tuesday, September 23, 2014
As part of the actions to be taken to get Panama removed from the gray list, the government has created a Policy Unit for the Prevention of Money Laundering and Terrorist Financing.
From a statement issued by the Ministry of Economy and...
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...