A group of partners have left Sáenz & Asociados’ El Salvador office, including arbitration co-head Humberto Sáenz Marinero and corporate head Mario Antonio Sáenz Marinero, to launch a new firm in El Salvador and Guatemala.
As governments respond to the pandemic by enacting emergency legislation that will affect all areas of society and doing business, we are providing a central information hub that contains the enacted legislation and other relevant official communication issued in relation to the crisis.
In response to the unprecedented impact of covid-19, Latin Lawyer and LACCA have launched a free-to-view and regularly updated information hub. Read about legislation and official communications issued by governments across Latin America in response to the evolving crisis here.
Local lawyers have questioned Guatemala’s divisive new electricity law, which impedes power distribution companies from suspending their services to customers unable to pay their bills because of the covid-19 pandemic, arguing it threatens the functionality of the country’s power sector.
BLP (Costa Rica) has helped the International Finance Corporation (IFC) lend US$12 million to the municipality of San José to fund renovation and infrastructure projects in the country’s capital.
Simpson Thacher & Bartlett LLP in New York and Cuestas.PPQ Abogados in Guatemala City have helped the Republic of Guatemala issue sovereign bonds worth US$1.2 billion, including social bonds for US$500 million to fund the government’s response to the covid-19 pandemic.
Guatemala has failed to knock out a US$350 million DR-CAFTA (Dominican Republic-Central America free trade agreement) claim by two US mining investors, with a divided tribunal concluding they were entitled to pursue claims for reflective loss – despite the state’s arguments it could lead to double recovery.
Regional law firm Aguilar Castillo Love has strengthened its office in Ecuador by hiring a senior lawyer from the Ministry of Energy.
Central American law firm Lexincorp has strengthened its corporate practice in Guatemala by incorporating a boutique and adding one partner.
Holland & Knight LLP in New York and Los Angeles; Arias, Fábrega & Fábrega in Panama City; Central American Consortium Legal and Garrigues (Peru) have helped Panama-based Banco Latinoamericano de Comercio Exterior (Bladex) lend US$91 million to Costa Rican household retailer Grupo Monge.