Gerente de asuntos corporativos y legales | Quantum Motors
Carlos R. Soruco Deiters
Gerente de asuntos corporativos y legales | Quantum Motors
How do you manage legal aspects during periods of instability or crisis, and how do you align your legal strategy with the overall business strategy to ensure organisational resilience?
The current economic and political challenges in the country require businesses to double their efforts to move forward. In this context, it is essential to manage, on one hand, the attempts by bureaucratic state entities to secure increased, and often unjustified, revenue; and on the other, to find alternative mechanisms for international money transfers to pay suppliers, given the shortage of foreign currency, while always staying within legal boundaries.
At the same time, given the ongoing currency devaluation, we have sought and found contractual mechanisms for the deferred sale of our products that ensure the preservation of monetary value over time.
What steps has your company taken to incorporate sustainability practices into its core business operations, and how does the role of general counsel contribute to driving and ensuring sustainable practices within the company?
Although Quantum’s core business is inherently sustainable, our management is currently implementing ESG policies, taking a much deeper step into Corporate Social Responsibility. In this regard, within the realm of sustainability, we have worked to socialise and quantify the positive impact of our products and how Quantum is contributing to the much-needed energy transition in the countries where we operate.
This is also accompanied by the implementation of social policies and corporate governance practices. As a professional, I have participated in various forums to share Quantum’s experience in this area.
Which emerging technologies do you believe will have the most significant impact on the legal profession in the near future, and how do you stay updated on these developments?
I find that there are two key areas that lawyers need to stay up to date with. First, the use of AI tools in carrying out legal tasks; and second, the emergence of a new economic system through cryptocurrencies and their legal implications.
In this regard, Quantum is working on a capital-raising plan using crypto assets, regulated under Salvadoran law. The aim is to attract private investment under the strict supervision of the state regulator, which involves a series of legal compliance measures to provide full security and confidence to investors. This presents a corporate and legal challenge, from planning, implementation, and engagement with the regulator, to legal compliance, capital raising, and eventual project execution.
Legal and corporate affairs officer | Quantum Motors
Carlos R. Soruco Deiters has nearly 20 years of professional experience in law. He began his career as a lawyer for European Union development projects before pursuing an LLM in...