Reports have been made in El Salvador of potential conflicts between the provisions governing the pledge agreement in Civil and Commercial Code and the Law on Secured Transactions.
In an opinion piece published in Laprensagrafica.com, the Center for Legal Studies states that "... The doubts arise from the basics. There is no categorical position on the fate of the provisions governing the pledge agreement in Civil and Commercial codes. In particular, in regards to the Code of Commerce, it is not yet known whether the articles referring to the commercial pledge and the pledge given in the production credits still are in effect or are not applicable. "
The growth projected in the maritime industry is encouraging the creation of an entity focused on reconciliation and conflict resolution between shipping companies and businesses.
Promoting commercial arbitration as a method of conflict resolution and seeking to consolidate Panama as a competitive regional logistics center, the Maritime Chamber of Panama in the country is looking to establish an International School of Maritime Arbitration.
The country inaugurated a new system for incorporating companies, which reduces the time needed to register a company from 39 days to 2.
A pilot plan of this system started operating in the Municipality of Curridabat, but has now been extended to several municipalities: Santo Domingo, Escazú, Coronado, Alajuela, Heredia, Desamparados, Alfaro Ruiz, Grecia, Naranjo, Poás, Valverde Vega, Palmares and Goicoechea.
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A General Practice law firm which specializes in Business and Commercial Law as well as Foreign Investment in Costa Rica. Our firm originally established in 1940, currently operates offices in San José and Guanacaste
Operates in Costa Rica
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