Consortium Legal

(The following information was supplied by the firm)

Firm Overview:
Consortium is the largest law firm in Central America with more than 200 attorneys and 07 strategically located in the 05 countries of the region and a multigenerational team that knows your needs. We provide regional coordination from a single point of contact for all your transactions.

Consortium is a full-service firm that has focused on the care of all types of companies that wants to do business in the region. We have specialist departments led by our partners in different areas of practice. Recognized as Central America Law Firm of the Year by the most valuable international legal directories, we are your strategic legal advisers.

Firmwide Managing Contact: Valeria Di Palma (vdipalma@consortiumlegal.com)

Number of partners worldwide: 54

Number of other lawyers worldwide: +200

 

Main International Areas of Expertise:

  • Banking and Finance: Having 15 years of regional experience, with both leading local and international banks, our clients’ excellent references prove we are undeniable leaders in banking and finance. Our long history of financial transactions has resulted in a deep practical knowledge of the regulatory landscape, making us the firm of choice for premium advice in the financial industry. Advising investment projects, our multi-disciplinary team flexibly covers all phases of your projects across a spectrum of legal areas (labor, corporate, criminal, and tax). Our M&A, Corporate, and Regulatory teams advise our clients together, saving them weeks in the negotiation of M&A transactions by addressing the legal issues concurrently.
  • Corporate law: We advise on the most important and complex corporate transactions in the region, covering all your legal needs with one of the largest teams of over 40 corporate lawyers. Our corporate specialists can quickly develop optimal structures for your investment projects, with flexibility, efficiency, and transparency to meet your needs in the region. We combine our reach, with team members having previous in-house industry experience, allowing us to practically overcome your business challenges.
  • Intellectual Property: Our regional IP team is led by women with more than 15 years of experience in the field and that today leverages technology to offer the best standard of service in Central America. We show our clients how to add value to their intellectual property assets, managing an innovative advisory, both in the identification of protectable intangible assets (know-how, technology, domains, trade dress), as well as in the structuring of franchises and licenses of the same. We avoid costly and time-consuming disputes over priority rights, through strong and timely protection of your intangible assets.
  • Tax Law: We specialize in local and international tax advice, and we have defended significant cases that have even established judicial criteria and precedents. We have unique experts specializing in tax matters (customs, municipal, litigation, auditing, and accounting) distinguishing us in Central America to provide comprehensive advice in client legal defense cases. We have generated major client savings through tax efficiencies, and through a high success rate in tax litigation, our advice is always within the legal framework, guaranteeing client legal security before the state.
  • Labour: The Labor Law team in all our offices has more than 15 years of experience and preparation in the development of processes and products aimed at preventive and proactive advice on labor legal matters. We provide labor advice to many industries with differing compliance requirements yet always with an eye toward growing the company and making it more competitive.

Key Contacts

Firm-wide Managing Contact:

Valeria Di Palma
vdipalma@consortiumlegal.com

Firm Rankings

Banking & Finance
Band 1

Capital Markets
Band 1

Corporate/M&A
Band 1

Dispute Resolution
Band 2

8.0

IP
Band 2

8.0

IP: Trademarks
Band 2

8.0

Labour & Employment
Band 3

7.5

Litigation
Band 1

Projects
Band 2

8.0

Real Estate
Band 1

9.0

Tax
Band 1

Articles

Increase in the volume of remittances in Nicaragua and applicable regulation

According to a report published by the Central Bank of Nicaragua (“BCN”) on August 3, 2022, the flow of remittances registered in the country in the second quarter was US$763.6 million dollars from the United States of America, which implies a growth of 44.1% compared to the same quarter of 2021. In the first semester […]

Project of Cryptoactive Market Law

On October 24, the Bill called “Cryptoactive Market Law” was presented to the Legislative Assembly of Costa Rica, corresponding to file No. 23,415. The proposal aims to generate greater financial inclusion and modernize the Costa Rican digital economy through the promotion and regularization of mining, commercialization, exchange, transfer, possession, establishment, uses and taxation of crypto […]

Do I have to pay income tax on my savings and investments

The Salvadoran Income Tax is levied on the income obtained in an exercise or period of taxation, understanding by this, all products or profits received or accrued, either in cash or in kind, from multiple sources, including those that come from capital, such as rents, interest, dividends or participations . This leads us to a concept that […]

Registration of the Final Beneficiary and its due compliance in the Nicaraguan Commercial Companies

Carrying out the registration of Final Beneficiary is an obligation that falls on all commercial companies registered in Nicaragua. As of August 25, 2020, through Law number 1035 of August 25, 2020: “Reform Law to Law No. 698, General Law of Public Registries and the Commercial Code of the Republic of Nicaragua” created the first obligations to […]

Data Protection and Information Privacy in Honduras

Data Protection and Information Privacy in Honduras Currently, we live in the so-called “Digitalization Era”, in which data protection and privacy of information and communications at a global level are increasingly necessary. According to the Digital 2020 report, which evaluates how people around the world use the internet, smartphones, social networks and electronic commerce, the world […]

Tax Control Processes

When thinking about investing in the region, companies must not only take into account the tax systems of each country, but also the oversight power of the Tax Administrations to ensure tax compliance. In this sense, this article aims to give an overview of the determination processes in the different countries of the region and general […]

Bank letter for request for temporary residence as a rentier

In accordance with the General Law of Immigration and Immigration, and its respective regulations, all foreigners who request a temporary residence as an annuitant, must provide proof of the enjoyment of monthly income, coming from abroad or from Costa Rica, for a minimum amount of two thousand five hundred dollars. When the income is generated […]

Honduras advances in tax evasion and fraud

In the month of July 2022, the State of Honduras signed the Agreement on Mutual Administrative Assistance in Tax Matters of the ORGANIZATION FOR ECONOMIC COOPERATION AND DEVELOPMENT (OECD in Spanish) . The officials appointed by the Honduran government to carry out said work were the Chancellor of the Republic and the Minister Director of the Revenue Administration Service (SAR); who, in […]

Workplace Violence

Workplace Violence and Harassment Referring to violence and harassment in the world of work as unacceptable behavior is because it constitutes a violation or abuse of human rights and a threat to equal opportunities and is incompatible with decent work. The first and most important thing is to define what is considered violence and harassment according […]

Electronic wallets in Guatemala

Electronic wallets or e-wallets are defined as a technological tool through which currencies can be kept and transferred on a virtual platform that is accessed through an application or web page. Currency stored in an electronic wallet can typically be loaded via credit or debit cards or via cash payments to a centralizing bank account or other authorized […]

Sexual Harassment in Employment Relationships

Following the definition given by the International Labor Organization, sexual harassment can be defined as “… insistent propositions, touching, approaches or unwanted invitations of a sexual nature, which may come from a superior or a co-worker. work, which directly influence the possibilities of employment and the working conditions or environment and which also produce effects on […]

Tips for a good Due diligence process

The due diligence process (or “Due Diligence”) is the one that is carried out when you want to evaluate the compliance status of a company, in order to identify the level of risk and opportunities before signing any contract or economic agreement. Before starting this process, it is important for the interested party to define […]

Artificial Intelligence and Copyright:

Is a work created entirely by artificial intelligence eligible for protection? What role does artificial intelligence play in the process of creating a work? Thanks to the emergence of new technologies, especially the Internet, people have benefited in many aspects, mainly in the dissemination of knowledge as well as the ability to access a vast world […]

Representatives of Foreign Companies

For several years, Central America has been presenting itself as a strategic zone for doing business. Thus, in addition to the intra-regional expansion of Central American businessmen, there has also been an increase in the interest and participation of companies from outside the region to invest and do business in Central America. One example of […]

The proof: friend or enemy?

The proof ideally constitutes the soul or essence of a process, allowing the Judge to have proven knowledge of what happened, that is, reasonable certainty about the facts presented by the parties. The person who settles a controversy must be convinced about: What happened? depending on the credibility of the case that was presented by […]

Inactive Corporation Return

All companies registered in Costa Rica that do not carry out activities, must file an assets declaration as of March 15th. Therefore, if you or your company are in any of the following situations, you must prepare the legal, fiscal and accounting information required for the filing of the company: Individual or legal entity not […]

Fintech and effective compliance through new technologies

On October 26, 2021, agreement number 380 of the Attorney General’s Office was published in the Official Gazette, which contained the new Instructions of the Financial Investigation Unit for the Prevention of Money Laundering and Asset Laundering.  Said instructions will enter into effect on June 6, 2022 as a result of an extension granted so […]

Kinds of liability of an entity’s attorneys-in-fact

In Guatemala, in the case of commercial, civil entities or associations, as a rule and in accordance with the law, they have their legal representatives. In addition, depending on their line of business, they may appoint attorneys-in-fact for one or several matters, or for all matters, depending on the structure of their government. In view […]

Transfers of Shares of Commercial Companies

Again, we address the importance of transfer transactions of shares of commercial companies; a topic that we have previously addressed in the series of articles on “Mergers and Acquisitions in Nicaragua” and “Tax Effects in Stock Transfer Operations”. Recently, this topic has gained great relevance, since the legal system applicable to this type of operation has been […]

Capital Gains in El Salvador

The Income Tax Law, in its Article 14, provides us with a definition of what we must understand by Capital Gain, and it is that obtained by a natural or legal person that is not habitually engaged in the sale, exchange or other form of negotiations on movable or immovable property. That is to say, they […]

Fintech and Effective Compliance Through New Tech in El Salvador

On October 26, 2021, agreement number 380 of the Attorney General’s Office was published in the Official Gazette, which contained the new Instructions of the Financial Investigation Unit for the Prevention of Money Laundering and Asset Laundering.  Said instructions will enter into effect on June 6, 2022 as a result of an extension granted so […]

Representatives of Foreign Companies

Litigation & Arbitration Regional Team For several years, Central America has been presenting itself as a strategic zone for doing business. Thus, in addition to the intra-regional expansion of Central American businessmen, there has also been an increase in the interest and participation of companies from outside the region to invest and do business in […]

Tax Effects on Share Transfer Operations

Stock transfer transactions are a common way of acquiring and capitalizing businesses. This type of transaction can materialize through onerous legal acts ( Eg Buying and Selling) or free ( Eg Donation). The importance of the subject transcends the commercial sphere and extends to the fiscal impact that derives from this type of operation; being the latter on which we will […]

Critical Aspects of the Transparency Registry Declarations and Final Beneficiaries of Trusts

As is known, the trustees of private, national or foreign trusts that carry out activities within the territory, will have to present the ordinary declarations of the Registry of Transparency and Final Beneficiaries in the month of April, as well as the other obligated subjects, except when they are trusts. with recently assigned legal ID, […]

Basic aspects that companies should consider for the beginning of the year 2022.

As of the amended to the Public Registry Law, new obligations have been regulated for all companies that are registered before the Public Registry of Commerce and that should be considered relevant during their operation. First, we will address the provisions that were already regulated in the Commercial Code of our country, in which we […]

New Law on Bills of Exchange and Electronic Promissory Notes

On Thursday, December 9, 2021, Law # 10,069 was published in the Official Gazette La Gaceta called “Law on Bills of Exchange and Electronic Promissory Notes”, which provides an excellent opportunity to encourage the use of technology in our country and boost the secure and efficient access to credit, through the use of these securities […]

The involvement of special agents in the Development Banking System (SBD)

The Development Banking System (SBD) was created in 2008 by Law N ° 8634, reformed in 2014 by Law N ° 9274. As its name indicates, it is a system that comprises organizations of different nature, whose purpose is to finance and promote technically and economically feasible productive projects, in accordance with the country’s development […]

Amendments to the Competition Law – Legislative Decree No. 207 of November 17, 2021

On November 17, 2021, amendments to certain provisions of the Salvadoran Competition Law (the “Law”) were approved in order to harmonize it with the Administrative Procedures Law (“LPA”) during an ordinary session of the Salvadoran Congress. Given that, as of its entry into force on February 13, 2019, both the Antitrust Regulator (the “Regulator”) and […]

Basic aspects that companies should consider for the beginning of the year 2022

As of the amended to the Public Registry Law, new obligations have been regulated for all companies that are registered before the Public Registry of Commerce and that should be considered relevant during their operation. First, we will address the provisions that were already regulated in the Commercial Code of our country, in which we […]

Nicaragua: Basic aspects that companies should consider for the beginning of the year 2022

As of the amended to the Public Registry Law, new obligations have been regulated for all companies that are registered before the Public Registry of Commerce and that should be considered relevant during their operation. First, we will address the provisions that were already regulated in the Commercial Code of our country, in which we […]

Relevant aspects of the new instructions of the Financial Investigation Unit (FIU) of the Attorney General’s Office

On October 22, 2021, the new Instructions for the Financial Investigation Unit for the Prevention of Money and Asset Laundering, Terrorism Financing and the Financing of the Proliferation of Weapons of Mass Destruction were approved, through agreement number 380 issued by the Attorney General of the Republic, which was destined to take effect on November […]

Costa Rica: Guarantees in the acquisition of goods

In this new installment, we address the issue of the different guarantees that govern the sale of movable or immovable property. In this sense, it should be noted that, in our legal system, all sales are by law, covered by three different types of guarantee [1] : a) Eviction Guarantee, b) Guarantee for Hidden Defects, and c) […]

The use of the trademark in a different form than the registered one

Intangible assets, such as Intellectual Property, are gaining more and more economic importance, and with this, natural or legal persons, owners of trademarks and other distinctive signs, are frequently dealing with various problems related essentially to the use, protection, and preservation of their trademark. For this reason, in this article we will briefly refer to […]

Amendments to the Competition Law

On November 17, 2021, amendments to certain provisions of the Salvadoran Competition Law (the “Law”) were approved in order to harmonize it with the Administrative Procedures Law (“LPA”) during an ordinary session of the Salvadoran Congress. Given that, as of its entry into force on February 13, 2019, both the Antitrust Regulator (the “Regulator”) and […]

Basic aspects that companies should consider for the beginning of the year 2022

As of the amended to the Public Registry Law, new obligations have been regulated for all companies that are registered before the Public Registry of Commerce and that should be considered relevant during their operation. First, we will address the provisions that were already regulated in the Commercial Code of our country, in which we […]

Corporate Compliance

Written by: Francisco Letona The application of good compliance practices in the corporate sphere has not reached the expected level; However, in recent years, these practices have been a trend and have been growing, mainly in large organizations such as transnationals and multinationals. According to the WORLD COMPLIANCE ASSOCIATION (hereinafter: -WCA-), “ Corporate Compliance ” is a set of […]

Five important reflections on individual freedoms in emergency situations

Written by: Diana De Mata The COVD-19 pandemic has resulted in a legal crisis in all countries of the world. The legal systems have been reached in the fight and confrontation with this serious health crisis. It is in this scenario that we ask ourselves: Where are our freedoms? ; What role should our authorities play in the effective restoration of […]

Does corruption exist in the private sphere?

Written by: Astrid Dominguez Today more than ever, the concern for living surrounded by acts that we call “acts of corruption” resounds in the different areas of our lives, our social networks and our surroundings. Many times we focus this concern on the public sphere, acting as authorities that have more media presence and that we […]

The need for a Data Protection Law in light of the effects of the pandemic and the European Data Protection Regulation

Written by: Christian Betancourt According to IBM, in 2019 humanity produced 2.5 trillion bytes of data every day (for perspective, a trillion is a 1 followed by 18 zeros). According to Forbes, in the same year 16 million text messages were sent, as well as 156 million emails, every minute worldwide. These are impressive and steadily rising […]

Opportunities for Foreign Bitcoin-Related Investors in El Salvador

Introduction: In El Salvador, the Bitcoin Law was approved by the Legislative Assembly and published in the Official Gazette last June 9th of this year, establishing a vacatio legis of ninety days from its publication; in that sense, its entry into force is scheduled for next September 7th. There are still several questions about how […]

Share transfer procedures in shareholders agreements

In today’s world its common that when a company is managed by different groups of shareholders, whether they belong to the same family or not, a shareholder’s agreement is negotiated and executed (hereinafter referred to as the “Agreement” or the “Shareholders Agreement”) that regulates the relationships between them. This article will not analyze the validity […]

Women in Litigation

Contributed by Daniela Villafranca This is exactly the phrase I entered in my internet browser to try to inform myself a little bit about the presence, position and participation of women in the world of litigation, very confident to find names of colleagues in the world of litigation both nationally and internationally. This happened a […]

Guatemala: Legal Market Overview

(Guatemala, July 2020) Guatemala has the largest economy of Central America, excluding Panama, and its gross domestic product (GDP) represents one third of the region’s GDP.  It has strong macroeconomic indicators with adequate reserves, a controlled public deficit and debt, controlled inflation, and a stable exchange rate.  Guatemala’s economy is mostly dependent on agricultural exports, […]

COVID-19 pandemic boosts e-commerce use in Central America

(Central America, July 2020) Confinement and strict measures of social distancing are now part of the reality of millions of people around the world. In the face of the world’s uncertain economic, political, social, and cultural environment, authorities must go one step further to try to mitigate the severe consequences that the COVID-19 pandemic has […]

Press Releases

Sign In

[login_form] Lost Password