With the new Civil Procedure Code the time it takes to conduct civil proceedings will be reduced from an average of between 10 and 15 years to just two years.
Cases of breach of contract between private parties who undergo civil suits will be resolved in an average two-years, as hearings will be held in oral rather than written form.
Nacion.com reports that "...This type of litigation is used for various subjects such as disputes over deceased estates, lawsuits between neighbors over the size of their property, charges for damage caused by a car crash, or breach of a contract between private parties. "
Requirements for trusts and fiduciaries have been established along with the regime for duty to reporting fiduciary compliance, and regimes of fiduciary duty and taxation of trusts.
From a statement issued by the General Directorate of Internal Revenue (DGII):
DGII establishes rules for trusts and bonds for affordable housing
The General Department of Internal Revenue (DGII) announces to all citizens on the issue of the General Standard 01-2015 on the fulfillment of duties and tax obligations of the Trust which includes, among other measures, the mechanisms for paying VAT on the acquisition of affordable housing.
The Guild supports the review of the reform proposed by the Procurement General and warns that as formulated it involves risks for the development of works in the country.
From a statement issued by the Costa Rican Union of Chambers and Associations of Private Business Sector (UCCAEP):
UCCAEP supports a return to committee to reform the Civil Procedure Code
According to the US State Department, Guatemala, Mexico and other Latin American nations are now or are about to be failed states.
Carlos Alberto Montaner, in an article published in Elperiodico.com.gt, said: "When does a State become "failed?" This is not about the level of poverty, education or health. It occurs when legal institutions become degraded.