Last week Guatemala joined the list of countries that confirm the existence of the COVID-19 virus, making this situation an imminent call to all businessmen and leaders of institutions, including educational centers, to review and raise the need for a plan of internal prevention, protocols and guidelines that indicate the appropriate handling of any situation…
Tag Archives: Guatemala
On January 3, 2020, the Ministry of Environment and Natural Resources decreed an extension of three years to the period of regularization of environmental instruments in Guatemala. Thus, existing projects have until December 16, 2022, to apply for their respective environmental license. The environmental instrument is a technical document in which environmental impacts and risks…
Corporate compliance is a set of procedures and best practices adopted by organizations to identify and classify the operational and legal risks they face and establish internal mechanisms for prevention, management, control and reaction to such risks. In an environment of increasing transparency, non-compliance with corporate governance rules and guidelines can have a direct and…
The Special Public Economic Development Zones (ZDEPs) in Guatemala emerged as a legal possibility after the reforms to the Law of the Santo Tomás de Castilla Free Zone (ZOLIC) were approved by a qualified majority of the Congress of the Republic in the year 2008. Notwithstanding the foregoing, and despite the existence of a regulation…
On June 2nd, 2020, the Ministry of Public Health and Social Assistance published the Ministerial Agreement 144-2020 which contains the national strategy for controlling the epidemic COVID-19 and the conditions of confinement to complement the presidential provisions dated May 31st, 2020 that were published on June 1, 2020 and which ratified the validity of the…
On April 17th, 2020, the Governmental Agreement no. 58-2020 was published on the Official Gazette of Central America, which includes the Regulation for granting the benefit of the fund for employment protection, which establishes the conditions and requirements to access the economic benefit that the State will grant to workers in the private sector, whose…
As part of the economic reactivation measures proposed by the Government of Guatemala before COVID-19, on April 17th, Decree 18-2020 came into effect, through which the Congress approved the loan granted by the Central American Bank for Economic Integration – BCIE (for its acronym in Spanish)- for an amount of USD$ 193,200,000.00 for the execution…
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