JD Supra (Blogs)

• JD Supra Guatemala

The Film Industry in Central America has shown significant growth in recent years. However, it is still in its early stages and is poorly developed; since in most countries of the region, there are not enough tools to allow it to consolidate. Among other factors that have a negative influence, there is a lack of funding and appropriate legislation.

• JD Supra Guatemala

Among the various measures that companies have implemented to combat COVID-19, we find home office or work from home, which turns out to be a very useful measure, not only allowing the company to continue with its work but also helps to control the expansion of COVID-19 and avoid possible contagion among collaborators.

• JD Supra Guatemala

The Monetary Board´s Resolution JM-32-2020 issued special temporary measures to address the situation arising from COVID-19, instructing the institutions supervised by the Superintendence of Banks, to grant financing so that they can implement the temporary measures that will be in force for 180 calendar days, subject to further revision.

• JD Supra Guatemala

Guatemala: Following our previous communications and regarding the measures being taken by the Government of the Republic of Guatemala, we hereby inform you of the changes to the Presidential Dispositions for COVID-19 in Guatemala dated March 16 and 21 of 2020.

• JD Supra Guatemala

Per the statement issued by the Presidency of the Judicial Organism, Agreement of the Supreme Court of Justice and before the national emergency, abiding by the state of calamity according to Decree 5-2020 of the Judicial Organism, the circular 38-2020 is issued in which It is agreed to suspend the activities of Judges and Magistrates at the national level from March 17 to March 31, 2020, except...

• JD Supra Guatemala

In strict compliance with Government Decree number 05-2020 approved by the Congress of the Republic and the General Observation Measures for the Well-being of the Inhabitants of the Republic of Guatemala decreed by the President of the Republic, as well as the information provided by the Ministry of Economy, on March 17, 2020, we inform the following...

• JD Supra Guatemala

Yesterday, March 17, 2020, the presidential provisions in case of public calamity and orders for strict compliance caused by COVID-19, which came into force from Tuesday, March 17 at 00:00 hours until March 31 at 24:00 hours and are mandatory, were published in the Official Newsletter (Diario de Centro América), No. 31 Volume CCCXIV.

• JD Supra Guatemala

Due to the recent suspension of work decreed by the Government of Guatemala on 17 March 2020, according to Government Decree 05-2020, which will take effect from 17 March 2020 until 31 March 2020, concerns have arisen regarding the employment situation of workers. Therefore, we clarify, people, working in industries that are within the exception such as...

• JD Supra Guatemala

Medical Use: Medical use is not permitted. In October 2017 an unfavorable opinion was issued regarding an initiative of legalizing it for medical use. The opinion was issued by the Congress’ Health Committee. CBD products or cannabis derivatives are not expressly prohibited; however, there is no registration authorized of any product, since all activities related to cannabis are criminalized....

• JD Supra Guatemala

Arrest is Culmination of Elaborate FBI Sting Targeting Banker Who Allegedly Catered to Drug Dealers - On November 12, 2019, the U.S. Attorney for the Southern District of Florida announced two key money-laundering developments concerning high-profile Guatemalans: the arrest of Alvaro Estuardo Cobar Bustamante, the director of a national Guatemalan bank, and the unsealing of a case against and...

• JD Supra Guatemala

1. What role does the government of Guatemala play in approving and regulating foreign direct investment? Guatemala’s government issued a law that regulates foreign investment. Such law establishes the terms and policies directed to promote foreign capital investment, primarily to create jobs, development of diverse production sectors and strengthen the national investment, creating...

• JD Supra Guatemala

International dispute systems adopted two decades ago have emerged over time as central components of legal, political, and economic development in Latin America. Two distinct systems – international investment and trade – have proven to be increasingly interrelated.

• JD Supra Guatemala

Guatemala borders the Pacific and Atlantic Oceans, as well as Mexico, Belize, El Salvador and Honduras. It has a population of approximately 14.7 million people. Its form of government is republican, democratic and constitutional, and it is divided into 22 administrative units called departments. The Guatemalan legal system is based on civil law, where the judicial review of legislative acts is ...