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Recent Amendments to the Salvadoran Commerce Code

Monday, 20 October 2008 20:13
The Salvadoran Government has recently launched a program called “El Salvador Eficiente” (Efficient El Salvador) which main objective is to simplify requirements, procedures and times for the execution, development and closing of the mercantile businesses carried out in our country. As a result of the implementation of said program, several amendments to the Salvadoran Code of Commerce had to be made. Such amendments were approved by virtue of the Legislative Decree No. 641, dated June 12th, 2008, published in the Official Gazette dated June 27th, 2008; being in force since July 6th, 2008.

The new rules have come to modify legal aspects mainly related to:

- Incorporation and operation of businessmen and Companies.
- Formal obligations of businessmen and Companies.
- Dissolution and liquidation of Companies.

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Romero Pineda & Asociados organizes meeting between Central American Court of Justice and prominent regional law firms

Wednesday, 23 April 2008 14:58

The seminar "The Regulations of the Central American Integration System (‘SICA’), the Prejudicial Process and the Communitary Law" was held February 21st and 22nd in San Salvador. The event was a gathering of the Magistrates of the Central American Court of Justice and attorneys representing highly recognized law firms in Central America.

Romero Pineda & Asociados led the organization of this seminar to provide attendees an update about international law in response to the growing trends of legal globalization. The event took place in the midst of negotiations between the regional entities and the European Union towards an Association Agreement. The European Union supported the event through the Support Program for Central American Regional Integration ("PAIRCA").�

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Romero Pineda & Associates honored Dr. Francisco Bertrand Galindo on his 80th Birthday

Tuesday, 04 March 2008 19:09

On February 28th, Romero Pineda & Asociados honored distinguished lawyer Francisco Bertrand Galindo in celebration of his 80th birthday.

Surrounded by partners, associates and his family, Dr. Bertrand Galindo viewed the unveiling of his portrait.

The event took place in the main conference room of the Firm, which will now be known as the Dr. Francisco Bertrand Galindo Library and Conference Room. He also received a diploma from the Firm in recognition of his 30 years of service with Romero Pineda & Associates.

“This is where all big decisions of the Firm are made” said Firm founder Roberto Romero Pineda. Dr. Romero spoke at length of the professional and personal contributions made by Dr. Bertrand Galindo as well as the sterling quality of his legal advice.

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Romero Pineda & Asociados advises Banco Azteca, S.A., in the incorporation of Banco Azteca El Salvador, S.A. in El Salvador

Wednesday, 23 January 2008 19:07

Partners Roxana Romero and Mario Ayala of the Firm´s Banking and Financial Division advised Banco Azteca from Mexico in the process of obtaining the license to incorporate and operate Banco Azteca El Salvador, S.A.

Banco Azteca El Salvador, S.A. is the first bank created in El Salvador after the boom of acquisition of local banks by foreign banks.

The participation of the Banking and Financial Division of the firm consisted in the study, preparation and coordination of all the process for obtaining the license to incorporate and operate Banco Azteca El Salvador S.A., before all the supervising entities, such as the Superintendency of the Financial System, Central Bank of Reserve, Deposit Guarantee Insitute, Salvadoran Stock Exchange, among others. In addition, the firm rendered legal advise to the new Bank in all related areas at all levels in the phase of inititation of operations.

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Romero Pineda & Asociados Names 5 New Partners

Wednesday, 18 July 2007 00:00

Reflecting its continuing growth, Romero Pineda & Asociados, has elected 5 attorneys as partners, effective July 1, 2007. With 25 attorneys, including 9 partners, the firm is one of the largest in El Salvador.

Romero Pineda is top ranked by Chambers and Partners, a well known UK research company that rates leading law practices, in all rated categories for El Salvador, namely, corporate/commercial, intellectual property and litigation/dispute resolution. Romero Pineda is also the exclusive member in El Salvador of Lex Mundi, The Bomchil Group, Terralex and World Services Group.

In announcing the new partners, Managing Partner, Jose Roberto Romero said, "With our 5 new partners, we have not only enhanced our Corporate and Intellectual Property practices but also broadened our expertise with the addition of a full service Banking and Financial Department."

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