Author Archives: BLP

BLP has advised IDB Invest on the first issuance of Sustainability Bonds in El Salvador

IDB Invest and Banco Promerica S.A., El Salvador (Banco Promerica) joined forces to issue the first Sustainability Bonds in El Salvador to finance green and social projects. BLP acted as legal advisor to IDB Invest in El Salvador during the transaction. IDB purchased the entire first tranche of $20 million out of a $100 million…

Business Law Perspectives News and Opportunities in Central America

BLP’s summary of the most important regional news and opportunities offers an overview of the economic, social, and political landscape of Central America at just a click away. From July 19 to July 25, 2025 CABEI debuts with social bonds in Costa Rica worth ¢71.5 billion The Central American Bank for Economic Integration (CABEI) made…

Reform to combat employment discrimination against women in maternity condition

In response to the amendment of articles 94, 94 BIS, 95, 96, 97, 100 and the addition of subsection K) to article 70 of the Labor Code regarding the granting of the three types of Special Leaves of Absence, the CCSS has issued guidelines for these furloughs, which are detailed below: 1. Leave of Absence…

Law Initiative to establish Father’s Day as a holiday in Costa Rica

The initiative to establish June 17 as Father’s Day, a mandatory paid holiday, was brought before Congress in 2021 to ensure equal treatment for both genders. However, although six separate bills have tried to establish June 17 as a parental holiday, five have been archived. The one bill still in the Judicial Commission of the…

Update of the term for the presentation of the declaration of inactive companies in Costa Rica

On June 10, through an official press release, the General Directorate of Taxation reported the recovery of the online platform of the Virtual Tax Administration (ATV), one of the tax channels affected by the cyber attack of April 18, 2022.  Because of this, new deadlines were established for the filing of returns, including the simplified Form D-101, that those companies which did not register economic activity for the years 2020…

Costa Rica publishes Guide for Exoneration and Reduction of Sanctions for anticompetitive agreements

The Commission to Promote Competition (COPROCOM) and the Telecommunications Superintendency (SUTEL) have announced the Guide to the Program of Exoneration and Reduction of Administrative Sanctions detailing the criteria and guidelines that grant benefits to violators who cooperate with the investigation of anti-competitive practices. The Administrative Penalties Reduction and Exoneration Program, known as the clemency program,…

David Gutierrez appointed as President of the Board of Directors

Amigos of Costa Rica is honored to share the election of David Gutiérrez as President of the Board of Directors of Amigos of Costa Rica. Mr. Gutiérrez is a founding Partner of BLP, a Central American law firm, currently leading its offices in Madrid, Spain. He has a long track record of service for Costa…

Cybersecurity compliance programs

León Weinstok Director, Cybersecurity and Data Protection Specialist Costa Rica | [email protected] Why is it important to have a compliance program and what are its must-have elements? Cybersecurity has become a topic of high importance in any industry. Its recent rise is due to the rapid adoption of information technologies by companies to increase their…

Reform to combat labor discrimination against women in maternity condition

Today, June 03rd 2022, the reform of articles 94, 94 BIS, 95, 96, 97, 100 and the addition of subsection K) to article 70 of the Labor Code was published in the official newspaper La Gaceta. As established by this change in the law, every employer must ensure that they comply with the following guidelines:…