Legal tender in El Salvador: First the U.S. dollar, and now Bitcoin SOURCE THE IP KAT Neil Wilkof Monday, August 02, 2021 – bitcoin, El Salvador, legal tender, U.S. dollar Kat friend Francisco Martínez summarizes the main points of the Bitcoin law recently enacted in El Salvador. On June 8, 2021, the Legislative Assembly of El Salvador adopted the Bitcoin Law, which will...
Considering a raise of Covid-19 cases, the Legislative Assembly approved on July 13, 2021, a temporary law named “Special and transitory provisions for the suspension of concentrations and public or private events”, suspending for 90 days any concentration of people in public or private events related to concerts, rallies, sports, open events to the public,...
Dear Clients and Friends: For employers to prepare for the fulfillment of labor obligations for the following 2021, ROMERO PINEDA hereby informs that the Legislative Decree No. 711 “Framework Law for the Use of the Bicycle” is in force since October 5, 2020, which main objective is to generate a regulatory framework that promotes the...
This year we are pleased to share with you such good news for our team! Once again Romero Pineda has been shortlisted and top ranked at the Chambers Latin America Awards 2020. JOSÉ ROBERTO ROMERO M. Managing Partner BAND 1: Intellectual Property What the team is known for Leading practice with outstanding skills in a range...
“MODIFICATION OF THE CENTRAL AMERICAN IMPORT TARIFF” DECREE No. 604 Due to the approval of the State of National Emergency for the COVID-19 virus pandemic, decreed on March 14th of this year, as well as the approval of the State of Exception which restricts certain constitutional rights to achieve the containment of the virus, through Decree...
On March 20th, 2020, the Legislative Assembly of El Salvador approved the Legislative Decree No. 601 which establishes some economic measures to be implemented to combat the effects of the COVID-19 pandemic in our country. Decree No. 601 includes the following measures: Defer payment of bills for drinking water services. Defer payment of the electric...
Dear Clients and Friends: ROMERO PINEDA informs you that the Legislative Assembly approved in a plenary session on March 20 of this year the “Online Shopping Facilitation Law” which will come into effect on the day of its publication in the official gazette. This law establishes that the definitive importation into the Salvadoran customs territory...
On March 20th of this year, before the national emergency declared in El Salvador due to the COVID-19 Pandemic, the Legislative Assembly approved Decree No. 602, through which the Consumer Protection Law was amended. The reforms aim to avoid market distortions such as hoarding of products and the unjustified increase in prices of products and...
DECREE 601.- POSTPONEMENT OF THE PAYMENT OF THE ELECTRIC POWER DISTRIBUTORS, TELEVISION, INTERNET AND TELEPHONE SERVICE PROVIDERS. The purpose of the decree is to defer the payment of bills for water services, electricity and telecommunications services (cable, Internet and telephone). The provision applies to invoices for the months of March, April and May 2020, which...
TECHNICAL STANDARDS TO FACE BREACHES AND CONTRACTUAL OBLIGATIONS – DUE TO THE PANDEMIC COVID-19 ISSUED BY THE CENTRAL RESERVE BANK OF EL SALVADOR. These Standards are intended to encourage the search for support mechanisms for the credit situation of borrowers who may have payment difficulties on their loans or to subjects contractually bound with the...
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