Commercial Code Consulting

Our Commercial Code initiative represents a comprehensive effort to modernize El Salvador's commercial legal framework through the implementation of SAFE Contract Law practices. This project has significantly improved the country's business environment and international investment climate.

Project Overview

The initiative focused on updating El Salvador's Commercial Code to align with international best practices, particularly in the areas of contract law, corporate governance, and dispute resolution. The project involved extensive consultation with legal experts, business leaders, and government officials.

Key Components

• Comprehensive review of existing commercial legislation
• Development of new legal frameworks for digital commerce
• Implementation of streamlined business registration processes
• Training programs for legal professionals and business leaders

SAFE Contract Law Implementation

The SAFE (Simple, Accessible, Fair, Efficient) Contract Law framework was developed to simplify commercial transactions while ensuring legal certainty. Key innovations include standardized contract templates, simplified dispute resolution procedures, and clear guidelines for electronic contracts.

Impact

The implementation of these commercial code changes made it significantly easier to register a business in El Salvador, lowering the cost from $2,000 to as low as $2.