In 2010, the Guatemalan Congress approved the Ley de Alianzas para el Desarrollo de Infraestructura Económica or “Law of Alliances for the Development of Infrastructure”) (the “P3 Law”), establishing the country’s regulatory framework for implementing public-private partnerships (“P3”).
In the 7th Edition of Legal Business World with the article “High Technology Arbitration”, Mauricio analyzes how the phrase “Code is Law” has become well-known and asserts that code can structure human behavior. Furthermore, the article explores how in arbitration, the legal professionals have been timid to adopt new technologies, on deep concerns that such technologies will seize the role of the traditional lawyer. However, for most millennials, the online environment is a basic need because overcomes physical limitations of space. In a digital era. technology is no longer a luxury; is a necessity. That is why we need a reorientation of perspectives along with the use of technologies to ease some of arbitration’s inconveniences.”
Under arbitration, the parties submit their disputes to an arbitral tribunal (or sole arbitrator) who rules on pre-hearing disputes, conducts the arbitration, and issues a binding award on the parties. However, the desirability of arbitration as a dispute-resolution mechanism rests largely on the perception of the reputation of the arbitrators. On the one hand, the arbitrator has a reputational concern, in the sense that he/she wishes to appear competent, independent, and impartial to the parties.
“We simply cannot go on with this utterly outmoded way of working…Endlessly re-keying in the same information; repeatedly printing and photocopying the same documents; moving files about, losing all or parts of them in the process… It is a heavy handed, duplicative, inefficient and costly way of doing our work and it is all about to go. Considerably past time, we will finally catch up with the world.” Sir Brian Leveson.
Diversity has been a trending topic for the last years. It shows that we, as a society, are acknowledging the past practices of our industries in which one small group of individuals have a platform to thrive and grown within our institution while other groups might have a harder time. They are exceptions to this rule, but it is undisputable that for certain people due to their sex, sexual orientation, race, religion, etc. it’s harder to break the glass ceiling.
Millennials are usually characterized as “egocentric”, “smartass” or “easy-goers” and that we lack loyalty to our employers. With the rise of the AI software in Law Firms, one could think that Millennials lawyer’s jobs are in jeopardy. Future of law firms as we know them, will depend on how Millennials and AI achieve a positive synergy. However, it is necessary to retain the young talent of the Law Firms to cultivate the future generation of partners. Even though Millennials are somehow complicated, I can show you how good workers they can be, giving you some advice on how to maintain them working – happily and productively – in your law firm.
Central America is at an inflection point regarding acceptable compliance and conformity. Among all the anxiety and instability that change will bring, it is welcoming to see that separate disciplines are pushing towards similar objectives in Corporate Governance. A quick discussion on Director´s Responsibility provides a glimpse on how new Governance issues will reshape slanted interpretations of the law.
Guatemala approves international standards ISO37001 (Anti-bribery management systems ) and ISO 17021-9(requirements for auditing and certification). . Jose E. Quiñones, on behalf of the anti-bribery working committee, officially presented the norms to the National Counsel for Standards.
Growing concern over unlawful links between business and government and the ongoing purge of recent improper conduct by some business have heightened awareness of the need for stronger and better structured corporate compliance programs.
Guatemala’s Congress is in the process of enacting a Competition Lawbefore the year ends. ANovember 30 deadline has been setin theEU-Central America Association Agreement (“Association Agreement”). Unlike the rest of Latin America Guatemala does not have a Competition Law.
Guatemala is experiencing an unprecedented and well deserved offensive against corruption. An Ex-President and Vice-President along with many ex-cabinet members are currently being prosecuted for a growing array of crimes including passive graft, money laundering and tax fraud, among others...
This year the 138th International Trademark Association (INTA) Annual Meeting was held in the City of Orlando between May 21st and May 25th. This event has the objective to gather experts in trademarks as well as intellectual property matters.
Using the Infrastructure Development Partnership Law (Ley de Alianzas para el Desarrollo de Infraestructura Económica) enacted in 2010 and its specific Rules, the Guatemalan Government ...
On January 28, 2016, the 3 electric distribution companies in Guatemala, publicly announced a new bidding process for the purchase of 237 Megawatts of Capacity for ...
This year I had the great opportunity to participate in The Role of Women and Diversity in the Corporate World seminar organized by Chambers Diversity, and to be honest, when I confirmed my participation I never imagine this experience would be a life-changing one...
Although many of us still wonder at a drone cruising the sky, it has become relatively common to see these devices around. Drones are used for commercial, industrial, marketing and informational purposes, and also for pure fun and enjoyment...