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Consortium Legal

EDIFICIO AVANTE LOCAL 313, URB. MADRE SELVA III., CALLE LLAMA DEL BOSQUE PONIENTE, ANTIGUO CUSCATLAN, LA LIBERTAD, EL SALVADOR
Tel:
Work +503 2209 1600
Fax:
Fax +503 2298 3939
Email:
Web:
www.consortiumlegal.com

El Salvador

Banking and finance
Banking and finance - ranked: tier 1

Consortium Legal

Consortium Legal's banking and finance department advises local, regional and international clients on a wide array of matters such as note issuances and loan agreements. Key figures Oscar Samour and associate Felipe Aragón acted as local Salvadoran counsel for Credit Suisse's Cayman Island branch in granting a loan of $74m to Western Energy Inc Transport for the construction of a liquified petroleum gas carrier. The team's client base also includes the OPEC Fund for International Development and investment company Symbiotics.

Leading individuals

Oscar Samour - Consortium Legal

Rising stars

Felipe Aragón - Consortium Legal

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Corporate and M&A
Corporate and M&A - ranked: tier 1

Consortium Legal

Consortium Legal attracts praise from clients for its ability to 'think outside the box'. The team regularly provides tailored advice on corporate structures to assist clients with doing business in El Salvador. Recent work highlights include Oscar Samour acting for Walmart throughout the whole process of opening a second megastore in El Salvador and Maria Alejandra Tulipano advising Cosapi on a number of engineering, construction, mining and real estate projects, with key support from associate Gustavo Vega. Clients praise Diego Martín for going 'the extra mile to deliver solutions to his customers'.

Leading individuals

Maria Alejandra Tulipano - Consortium Legal

Rising stars

Gustavo Vega - Consortium Legal

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Dispute resolution
Dispute resolution - ranked: tier 4

Consortium Legal

Consortium Legal's litigation and arbitration team represents its clients in a diverse range of lawsuits, for example in relation to the termination of agency contracts and representation and distribution processes. Department head César Ramos and associate Cristina Campos are the key contacts.

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Intellectual property
Intellectual property - ranked: tier 3

Consortium Legal

Suzanne Berrios De Tablas heads the IP department at Consortium Legal, which focuses on patents, trade marks, sanitary and pharmaceutical registrations, and copyright. The regional law firm assisted in the acquisition and transfer of a trade mark portfolio previously owned by Bayer Intellectual Property to Panamanian company Zodiac International Corporation. Associate Francisco Medrano is also a key adviser; for example, he recently acted for Banco Bilbao Vizcaya Argentaria to defend one of the client's trade marks.

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Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Turkey: Special Purpose Acquisition Companies

    Special Purpose Acquisition Companies (" SPAC "), which are incorporated to achieve the purpose of investing and merging with a non-public company, were first introduced in the United States in 1990s and recently increased its popularity globally. Unlike other countries, SPACs entered into Turkish legal system relatively late with the Communiqué on Common Principles Regarding Significant Transactions and Appraisal Right (Communiqué No. II-23.1) of the Capital Markets Board (" CMB "), published in the Official Gazette dated 24.12.2013 numbered 28861(" Appraisal Right Communiqué "). Currently, there is no SPAC listed under Borsa Istanbul (" BIST ") in Turkey. SPACs are very similar to venture capital structure and can be considered as a strong alternative for investors and shareholders in Turkey as well.
  • Right of Set off under the UAE Civil Transaction Law No. 5 of 1985 and the view from the DIFC

    In a 2018 judgment the DIFC, discussed and decided upon the concept of set-off under the UAE Civil Transaction Law No. 5 of 1985 (the ‚ÄúCivil Code‚ÄĚ).
  • Law of 16 July 2019 implementing the EuVECA and EuSEF regulations and amending the RAIF law

    The Law of 16 July 2019 implementing the regulations on EuVECA, EuSEF, ELTIF and MMF (the ‚ÄúRegulations‚ÄĚ) and amending the RAIF law entered into force on 22 July 2019 (the ‚ÄúLaw of 16 July 2019‚ÄĚ).
  • Thriving in Regulation: The case for DLTs

    The unprecedented expansion of the use of DLTs in various industries and disciplines has shed light to the dire need of regulation. Would it though be worth it to sacrifice some degree or even the total idea of true decentralization to achieve this end?
  • DO FIDIC RULE APPLY IN CONSTRUCTION CONTRACTS IN UAE?

    Since a very long time, FIDIC (The International Federation of Consulting Engineers) is commonly used a standard for international construction and engineering contracts and is very frequently used in UAE. It mainly governs the construction works within the country and in GCC. 
  • Communiqu√© on Equity Crowdfunding Is Officially Published

    By way of background, in January 2019, the Capital Markets Board (‚Äú CMB ‚ÄĚ) had issued an announcement on its website on the Draft Communiqu√© on Equity Crowdfunding [1] . The CMB has now officially published the Communiqu√© on Crowdfunding No. III-35/A (‚Äú Communiqu√© ‚ÄĚ), on October 3, 2019. The Communiqu√© entered into force as of October 3, 2019.
  • Beneficial Ownership Concept new interpretation from the Russian federal tax service

    The recent interpretative letter issued by the Russian Federal Tax Services (‚ÄúFTS‚ÄĚ) on 08th August 2019, has provided further guidance as to the application of the Beneficial Ownership Concept, further to the letter initially provided on the 12th of April 2018 which adopted a strict approach of the concept.¬†
  • Cyprus and Netherlands Double Tax Treaty Update

    Cyprus has concluded the negotiations for the avoidance of double taxation with the Netherlands. The double tax treaty was agreed at technocratic level in Hague. It is expected to be signed by the end of 2019 or early in 2020.
  • Vacancy - Senior Corporate Lawyer

    The Senior Corporate Lawyer, who will be reporting to Partners, will be working with both the firm’s legal team as well as the financial services team. The successful candidate will be requested to show initiative, take on certain responsibilities within the firm, work in a multinational environment and will immediately be given the opportunity to further advance their career within the law firm.
  • CJEU RULED ON THE APPLICATION OF THE BENEFICIAL OWNERSHIP CONCEPT

    The judgment of the Court of Justice of the European Union (CJEU) on February 26, 2019, in the ‚ÄúDanish Beneficial Ownership Cases‚ÄĚ, can be perceived as a landmark on the interpretation of the Beneficial Ownership concept under the Interest and Royalties Directive (IRD) and the Parent-Subsidiary Directive (PSD).