The Apostille Convention will soon have a new member
Paraguay has adopted Law Nr. 4987/2013 which approves the well known Hague Convention of the Apostille. This new Paraguayan legislation symbolizes an important breakthrough in overcoming the inconveniencies of the bureaucracy in the process of legalizing of foreign documents.
This agreement simplifies the administrative process for those who need to present public documents abroad. In order to become applicable, Paraguay must deposit the instrument of accession at the Ministry of Foreign Affairs of the Kingdom of the Netherlands. The above mentioned Ministry of Foreign Affairs must notify the Contracting States of this enactment and designate a competent authority in Paraguay. From the official notification the Contracting States dispose of a 6 month period to object to the accession of a country seeking to join the convention.
It is important highlight that:
•Through the Apostille, a signatory country acknowledges the legal effectiveness and efficiency of a public document issued by another signatory country of the convention.
•The process of a unique legalization consists in placing on a certain document a notation that will certify the authenticity of that paper that was issued by another country. Consequently, the member countries recognize the validity of the “apostille” without the need of any other authentication process.
The Hague Convention of the Apostille suppresses the requirement of a diplomatic and consular legislation chain for public documents. Furthermore, another effect of these changes in Paraguayan law are the expedition of the international exchange of documents and also the encouragement of foreign investment.
So far, the Latin American countries that have ratified this Convention are, Argentina, Colombia, Costa Rica, Ecuador, El Salvador, Honduras, México, Panamá, Perú, Uruguay, República Dominicana, Venezuela and soon Paraguay will join.