On February 8, 2022, the Congress of the Republic approved Decree 8-2022, which contains and regulates the Insolvency Law, which has as its purpose the continuity and restructuring of credit, corporate and business obligations in general, said law will enter into force 90 days after its publication.
En la actualidad, los procesos relacionados con la insolvencia están regulados en el Código Procesal Civil y Mercantil. Esa normativa ha estado vigente por aproximadamente 60 años y su aplicación en la actualidad es escasa.
On February 8, 2021, the Congress of the Republic of Guatemala approved the Insolvencies Law. Such Law will imply material and important changes to the legal framework applicable to insolvency and bankruptcy procedures, which will be oriented to benefit the reorganization and continuation of business for debtors that are facing insolvency, so they may comply with their credit obligations without endangering the creditors’ rights. The next step for the Law on Insolvencies’ entry into force, is to obtain the presidential approval and publication by the Executive Branch of government.
El 8 de febrero de 2021 fue aprobada la Ley de Insolvencias por el Congreso de la República de Guatemala. Dicha ley traerá cambios significativos dentro del marco normativo de los procesos concursales y quiebras, orientados a beneficiar la reorganización patrimonial y continuación del negocio en marcha de aquellos deudores en situación de insolvencia, de manera que puedan hacer pago de sus obligaciones sin poner en riesgo los derechos de los acreedores. El próximo paso para la entrada en vigencia de la Ley de Insolvencias, es su sanción y publicación por parte del Organismo Ejecutivo.
Hoy ms que nunca, los gobiernos deben apoyar a los empresarios con un marco regulatorio adecuado para poder hacer negocios y generar bienestar en las comunidades donde operan.
Una buena ley de insolvencia, especialmente en estos tiempos de crisis econmica, se vuelve una herramienta necesaria para los deudores y acreedores en general. En Guatemala existe una propuesta de ley, sin embargo, an no ha sido promulgada dicha normativa. El gobierno actual est empujando para que esto suceda prontamente, promoviendo la discusin y anlisis de dicha normativa.
Today more than ever, governments must support entrepreneurs with an appropriate regulatory framework that allows them to do business and generate a good climate in the communities they develop their operations.
In collaboration with our foreign law firm partners, we continue to update our chart of COVID-19 measures taken by governments around the world. Today’s update includes new information for many countries as indicated in the chart: Global Government Measures Taken in Response to COVID-19.
The current Covid-19 pandemic is affecting the economy worldwide, and the countries of the Central American region are no exception. In recent months we have seen how the governments of Central American countries have adopted a series of plans and programs to mitigate the negative effects on their economies and thus protect, as much as possible ,the household economy of their citizens.