On June 13, 2020, the Government of El Salvador, through the Minister of Health, issued Executive Decree 21 (“Health Protocols to Guarantee the Rights to Health and Life of Persons in the Gradual Reactivation Process of the Economy, during the pandemic by COVID-19, applicable to the western, central and eastern areas of the Republic of…
Tag Archives: El Salvador
Constitutional Chamber declares domiciliary quarantine unconstitutional via executive decrees. On June 8, 2020, by means of resolution of the process reference 21-2020, the Constitutional Chamber of the Supreme Court of Justice declared unconstitutional the Executive Decrees n° 5, 12, 14, 18, 19, 21, 22, 24, 25, 26, and 29, regarding the mandatory household quarantine, as…
General On March 18, 2020, decrees for the measures of the Economic Response and Relief Plan were submitted to the Legislative Assembly, pending their approval. This includes funding to create the $2 billion Emergency, Recovery and Economic Reconstruction Fund, which will include $50 million for micro and small businesses to create productive capacity and ventures,…
Convention for the Harmonization of International Taxation on Commerce among the States Parties of the Central America Custom Union The Legislative Assembly has ratified the Convention for the Harmonization of International Taxation on Commerce among the State Parties of the Central American Customs Union. The purpose of this Convention is to harmonize the different taxes on…
Repeal of the Tax on Financial Transaction Law On May 28, 2018, the Supreme Court of Justice repealed the Tax on Financial Transactions Law (“TFTL”) which levies upon financial operations undertaken in El Salvador. The Supreme Court argued that the Legislative Assembly had violated the constitutional procedure for enacting laws because the text of the…
PUBLIC LAW Law of Concession of Maritime Terrestrial Public Domain Spaces This Law establishes the procedures, conditions, the term, and other requirements to obtain a concession of the maritime terrestrial public domain spaces and seaport exploitation by private parties: Scope: The Law will apply to the different projects of private exploitation of the maritime terrestrial…
BLP has advised the International Finance Corporation (IFC) on its participation with Banco La Hipotecaria in a $50 million funding to support the growth of residential mortgage lending to low and middle-income families in Panamá and El Salvador. In this cross-border transaction, governed by the laws of New York, Panamá, and El Salvador, the firm…
Environment Incentive Law for the Import and Use of Electric and Hybrid Means of Transportation. On September 24, 2020, the Legislative Assembly approved Legislative Decree number 738, enacting the Incentives Law for the Importation and Use of Electric and Hybrid Means of Transportation. The purpose of this law is to promote the use of electric…
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