LOCAL LAW
Water Resources: Draft Bill in El Salvador
Jun-21-21 | The draft bill called "General Law of Water Resources" was submitted to the Legislative Assembly, a legal framework that would empower the Salvadoran Water Authority to authorize the use of water to sub-sectors, state entities and private entities.
Nicaragua: Harassment of Businessmen Continues
Jun-17-21 | Arguing that there are indications that businessmen have attempted against the Nicaraguan society and the rights of the people, local authorities ordered to lift the bank and tax secrecy of former Funides executives.
Cryptocurrencies, Uncertainty and Expectations
Jun-17-21 | Following the approval of the legal framework that recognizes Bitcoin as a legal tender in El Salvador, one out of two local businessmen are concerned that the circulation of the cryptocurrency is mandatory and one out of three are distrustful of this change in the laws.
Uncertainty Due to Wave of Arrests
Jun-16-21 | In Nicaragua, following the arrests of political and business leaders, uncertainty has increased after local authorities arrested Luis Alberto Rivas Anduray, Executive President of Banpro.
Road Works: Corruption Case Operative
Jun-14-21 | In order to dismantle a network of apparent corruption that is accused of illegally obtaining contracts for road maintenance, authorities in Costa Rica conducted 57 raids that included homes, the Presidential House, the MOPT, the Conavi and the CTP.
Incentives Law for Recycling Industry
Jun-14-21 | On June 8, Law 223 was published in Panama's Official Gazette, a legal framework that establishes environmental tax exemptions for the recycling industry; these incentives will take effect as of 2022.
Bitcoin Legalization Risks
Jun-11-21 | Following the approval of the Bitcoin Law in El Salvador by the members of the Legislative Assembly, which creates a legal framework that recognizes this digital currency as legal tender in the country, the IMF warns that financial and legal risks have arisen.
Bitcoin Becomes Legal Tender
Jun-9-21 | Following the approval of the Bitcoin Law in El Salvador by the deputies of the Legislative Assembly, there is now a new legal framework that recognizes this digital currency as legal tender in the country.
Laws on Formalities and Free Trade Zones Approved
Jun-2-21 | In Guatemala were published in the Diario de Centroamerica the sanctions of the laws for the Simplification of Administrative Requirements and Procedures and Free Zones, regulatory frameworks that aim to encourage investments and job creation.
State Contracting Law is Vetoed
Jun-1-21 | In Guatemala, President Alejandro Giammattei decided to veto the reforms to the Contracting Law and announced that the bill will be returned to Congress with the respective observations.
Commission Created to Revive the Construction Industry
May-24-21 | In Guatemala, the Ministry of Economy temporarily created the Interinstitutional Commission to Contribute to the Economic Reactivation of the Construction Sector, which will be integrated by representatives of nine entities.
Panama Closes Border with Colombia
May-21-21 | Arguing that the significant progress achieved to control the Covid-19 pandemic is put at risk, the Panamanian government decided to temporarily suspend the entry into its territory by land, sea and river, of all persons coming from the border with Colombia.
Growing Rejection of the New Contracting Law
May-20-21 | In Guatemala, the Chambers of Industry, Construction, Commerce and Agriculture agree that the reforms to the State Contracting Law constitute a step backwards in terms of transparency and open the door to greater opacity in public spending.
Optimism for Costa Rica's OECD Membership
May-18-21 | After the Legislative Assembly ratified the country's accession to the Organization for Economic Cooperation and Development, the business sector is of the opinion that this will help consolidate the institutional reforms needed to make the State more efficient.
Reusable Facemasks: New Regulations in Force
May-18-21 | Panama has a new regulation that establishes requirements on materials, environment for the operation, design, manufacture, labeling, use, washing and final disposal of reusable fabric masks for personal use outside sanitary facilities.
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