Company Profile Organization that operates in El Salvador.
The Foreign Legal Counsel BusinessMonday, December 6, 2010 The largest Law firms in Costa Rica get 45% of their income from fees coming from abroad. The globalization has impacted the economies of Central America, embodied in free trade agreements, establishment of transnational corporations and the creation of service centers, generating a growing demand for legal services. This is essential as Central America is viewed as a single economic block. Anonymous offshore corporations & the bearer shareWednesday, April 30, 2008 Panama Corporations are known world wide for being the most anonymous corporations in the world. There are many advantages to incorporating your offshore company in Panama. The company has strict privacy laws, easily accessible banks, they don’t recognize tax evasion as a crime or participate in any tax treaties and a corporation can be set up within a matter of days. Squatters in Costa RicaFriday, April 25, 2008 Costa Rica is all too familiar with the problem of squatters – in fact, they are perfectly legal. Throughout many countries of the world, they occur primarily in urban areas where urban decay exists or in rural areas where vast amounts of land can be owned, but not fully occupied. “Squatting” is the act of moving into untenanted property without the permission of the landlord or landowner. Franchises: To Regulate or Not to RegulateThursday, March 12, 2009 With the franchise model growing on the isthmus, how important is to have a clear regional legal framework? There are entrepreneurs calling for the creation of laws to regulate and protect activities in this business model and for them to be uniform at a regional level. Government representatives affirm that a law is not necessary and that everything is in the signed contract. What is the golden middle? Changes in the Costa Rican insurance industryMonday, May 5, 2008 Legislation to end an 84-year insurance monopoly in Costa Rica recently received first reading in the Legislative Assembly. The bill includes several important changes for the insurance industry. It would allow insurance operations to be carried out by approved companies, including cross-border insurance for several cases regulated by the legislation. These include re-insurance and the assignment of insurance risks to foreign companies. Casinos in Costa Rica: shorter hours puts 3,000 employees at riskTuesday, May 6, 2008 New rules governing the activity of casinos in Costa Rica are to go into effect over the next few days, and that's bad news for these businesses and their employees. As many as 3,000 casino employees could lose their jobs over the next few months. Some of the most severe restrictions will make it illegal to give customers free alcoholic drinks, cut off direct assess to the street, and prohibit their presence in hotels of 60 or more rooms. Costa Rica: NO to Political PricesFriday, June 12, 2015 A bill removes technical independence from the Regulatory Authority for Public Services and compels the entity to be subject to "guidelines and policies of the Executive Branch." From a statement issued by the Chamber of Industries of Costa Rica: Panama: Companies May Hire More Foreign WorkersMonday, April 25, 2011 A new law will enable companies to request an exception allowing them hire foreigners when necessary. Though Panama's Employment Code allows companies to employ up to 10% of their workforce with foreign workers, employers may now increase this percentage, provided they can demonstrate that it is necessary. Contracting foreigners to be easier in Costa RicaMonday, May 5, 2008 After May 19, the list of types of companies that can contract foreign workers through special work permits will be expanded. Previously, foreign workers were restricted to jobs within the special economic zone. Companies included in the new system are those that operate special programs of export promotions and productivity improvement, exporters of goods and services, tourist and financial operations, and the non-export sector. Charter Cities Declared UnconstitutionalThursday, October 18, 2012 The Supreme Court of Honduras has declared as unconstitutional the legislative decree that created the figure of the "charter cities". With 13 votes in favor and one against, the Court decided to declare Decree No. 283-2010 unconstitutional, arguing that the reform "violates constitutional principles such as sovereignty, territory and the form of government." Respect for the Rule of LawMonday, July 1, 2013 In El Salvador foreign investors are astonished when they learn that legislators refuse to accept rulings by the Supreme Court of Justice. An editorial by Álvaro Cruz Rojas, chief editor of Elmundo.com.sv, shows clearly why Direct Foreign Investment, and even national investment, has fallen so much in recent years, precisely when other Latin American countries are enjoying a boom in this area. Request for Bankruptcy Law in PanamaTuesday, June 25, 2013 One such example is the request by the developer of the Trump Ocean Club to make use of Chapter 11 of the U.S. bankruptcy code, in order to restructure its debt. "Chapter 11 is a vital tool for businesses to survive and move forward. If it had existed in Panama, it would have been brought to light in Panamanian law. Unfortunately there is no such legal concept," said Carlos Saravia, operating manager of Newland International Properties. Initiative to Speed Up Insolvency ProcessesThursday, December 19, 2019 A bill being discussed in the Costa Rican Assembly aims to accelerate and simplify the processes followed by companies when they request to be declared in a state of insolvency or bankruptcy. Currently in the country there are two liquidation processes, which are bankruptcy and insolvency, in addition to two others in which "...the debtor makes proposals to creditors to reach a solution, which are the administration and reorganization with judicial intervention, exclusively for companies, and the preventive agreement, for companies and individuals." Plan to Eliminate Land Ownership LimitThursday, April 19, 2018 In El Salvador, a constitutional reform has been proposed to eliminate the limit of 245 hectares of rustic land that currently, at most, a natural or legal person can possess. Deputies from the ARENA, GANA and PDC parties presented to the Legislative Assembly a draft agreement to amend Article 105 of the Political Constitution, which prevents natural or legal persons from possessing more than 245 hectares of rustic land. |
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