A law was published in the Official Journal establishing a moratorium on loans granted by banks, cooperatives and finance companies, both public and private, until December 31, 2020, for natural and legal persons affected by the pandemic.
The law promulgated on July 1 in the Official Journal, states that the benefits of the moratorium will be available to persons whose employment contract has been suspended or terminated, independent workers and traders whose activity has been affected by the health measures applied by covid-19.
A guideline was issued prohibiting the planting of pineapple, banana, rice, grasses, oil palm and other monocultures in forest reserves, buffer zones, national parks, biological reserves, national wildlife refuges, wetlands and natural monuments.
After President Cortizo partially banned the moratorium bill, the National Assembly discussed the initiative in a second debate, which was unnecessary for the Superintendent of Banks, who said that the banks had already implemented the necessary measures.
Despite the fact that on May 4 President Laurentino Cortizo and the representative of the Panamanian Banking Association, Aimee de Grimaldo, signed an agreement to extend the moratorium until December 31, 2020 due to the economic crisis caused by covid-19, the deputies declared themselves in permanent session to discuss the moratorium project (already banned by the president) in second debate in extraordinary sessions from June 15 to 18.
Although the President of El Salvador seeks to maintain absolute quarantine, the Legislative Assembly of that country approved a law that establishes the measures that will be applied to gradually resume labor and economic activity, in both the public and private sectors.
The approval of this legal framework, which establishes four phases for the reactivation of the economy, takes place in the context of strong tensions between the Executive and the Legislative, who have had different criteria regarding the home quarantine, to which the population was subjected due to the outbreak of covid-19.
In Panama, the Assembly approved in third debate a bill that seeks to force banks to consolidate customers' debts, regardless of their credit history.
According to Article 4 of the approved law, "... all credit obligations that the debtor has, regardless of the risk category or default status that these obligations register in the credit history of the interested party, are subject to debt consolidation."
The Assembly approved in third reading a bill that suspends for a 120-day period all launches and evictions of private real estate intended for housing, commercial establishments, professional use, industrial and educational activities.
The plenary session of the National Assembly, supporting the state of emergency as a result of the effects generated by the infectious disease covid-19, approved in the third debate the draft law 299, by which measures on the leasing of real estate are dictated, informed the institution.
While the health emergency lasts in El Salvador, online purchases made by individuals from U.S. companies, which do not exceed $200, will not pay taxes.
In response to the outbreak of covid-19 in the country, the Law on Facilitation of Online Purchases was issued, which allows for the promotion and facilitation of the import of goods or merchandise of a non-commercial nature, i.e. for personal use, by Salvadorans through online purchases, according to a statement by the Assembly.
Following the state of calamity in the country, the Ministry of Labor created an electronic procedure, through which companies can temporarily suspend the contracts of their workers.
Ministerial Agreement 140-2020, published on April 7 in the Official Journal, explains that the government measure is temporary and exclusively applicable as long as the circumstances and effects of the covid-19 pandemic, which has been declared worldwide, and its effects on employment contracts persist.
In the third debate, the National Assembly approved a bill that grants debtors a 90-day extension of time for payment of credits granted by banking, cooperative and financial institutions.
According to the law that must be sanctioned or banned by President Cortizo, once the term of the moratorium set forth in this law has expired, creditors, in common agreement with the debtor, must agree on the conditions for the unpaid debt to be prorated, to be paid within 24 months.
In the third debate, the National Assembly approved the bill that considers the suspension of charges for electricity, fixed and mobile telephony and Internet services for four months.
This benefit will be available to self-employed workers, micro and small businesses, which have been affected in their income, as well as owners of restaurants, bars, casinos, public and private transport, affected by the pandemic, reported the Assembly.
Costa Rican businessmen support a bill that seeks to modify or suspend payment methods and other contractual conditions of leases in cases of force majeure, such as the current health emergency.
In the context of the propagation of covid-19, the Costa Rican Chamber of Commerce (CCCR) sees with total positivism the plan of relief in the leases, as much for the families, as for the commercial activity, proposal made by the deputy Pedro Muñoz in the Project, file No. 21.851, reason why we requested to be convoked in extraordinary sessions for its discussion.
After a home quarantine was decreed in El Salvador, the government intends to prohibit the dismissal of employees who do not attend work.
In the context of the crisis generated by the spread of covid-19, a proposal is being discussed that establishes that the employees of companies that are not allowed to continue their activities should be sent home with their salaries and benefits, and that they cannot be subject to dismissal, salary discounts or suspension of contract, nor be forced to take their vacation in advance.
The Executive Branch endorsed the new law that allows companies to temporarily reduce the working hours agreed with their employees, in the context of the crisis generated by the covid-19 virus.
On the morning of March 21, the deputies gave the second debate with 47 votes and unanimous approval to file 21854, the law authorizing the reduction of working hours prior to the declaration of a national emergency, reported the Assembly.
In order to preserve jobs in the context of the covid-19 crisis, the Costa Rican Legislative Assembly approved in first debate a bill authorizing the temporary reduction of the working hours agreed upon by the parties.
On March 19, the bill authorizing the reduction of working hours in view of the declaration of a national emergency was approved in the first debate.
The National Assembly of Panama approved in second debate the draft law that extends the period of tax amnesty until June 30, 2020.
The initiative proposes that up to 85% of the total interest, surcharges and fines be recognized if payment is made after February 29, 2020 until June 30 of the same year, so that taxpayers may proceed to make their corresponding payments or credits.
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