Bordered by Mexico to the north, Guatemala has an estimated population of nearly 16 million, making it the most populous state in Central America. Spanish-speaking with a representative democracy, its capital is Nueva Guatemala de la Asunción, also known as Guatemala City. Guatemala is the largest economy in Central America with main products for export being fruits, vegetables, flowers, handicrafts, cloths and others. In the face of a rising demand for biofuels, the country is growing and exporting an increasing amount of raw materials for biofuel production, especially sugar cane and palm oil. Legislative power in the nation vested in the Congress of the Republic – a unicameral legislature.
Lex Mundi in Guatemala
Lex Mundi provides coverage in Guatemala through its member firm, Mayora & Mayora, S.C. The firm is a leading law firm for international business transactions. Through its development, Mayora & Mayora, S.C. has been a pioneer in the representation of the foreign international banks; in the organization of oil companies; in the incorporation of international air carriers upon the opening of the market; in the organization of securities exchange; in the privatization of the telecommunications and other sectors of the economy; participating in international commercial arbitration; and in the first issues of securities by Guatemalan banks or companies in the international capital markets.