The Constitutional Chamber, through ruling number 92412-2024, has resolved an action of unconstitutionality filed against Article 95 of the Labor Code and Article 41 of the Law on Public Employment. The ruling establishes that these articles violated the fundamental rights of equality and special protection of the family, women, and minors by not considering the…
Author Archives: BLP
Blog, Costa Rica, Energy & Infrastructure, News
Business Opportunity: New Call for 100 Megawatts of Private Solar Generation in Costa Rica
25
Feb
Feb
The Costa Rican Institute of Electricity (ICE) has announced that in March 2025, it will launch a new call to incorporate 100 megawatts of private solar generation into the national electricity system. This initiative aims to strengthen the energy matrix and advance decarbonization and sustainability goals. The call will be exclusively open to solar projects…
Blog, Business Law, El Salvador, News, Regulatory Compliance, Prevention and Risk Management
New Guidelines in El Salvador for Foreign Investors
24
Feb
Feb
On February 14. 2025, Agreement No. 096 of the Attorney General Office was published in the Official Gazette No. 446, whereby the Guidelines for the Determination of Risk Categories for Clients to Facilitate la Opening of Bank Deposit Accounts and the Performance of Financing Transactions involving Foreign Investors and Salvadorans located abroad (“Guidelines”), which are…
Blog, Costa Rica, News, Sanitary Registration of Products
New Technical Regulation on Hemp and Derivative Products in Costa Rica
21
Feb
Feb
On February 20, 2025, La Gaceta published Technical Regulation RTCR 511:2023, which establishes guidelines for sanitary products containing hemp and its derivatives. This regulation sets requirements for importation, manufacturing, and sanitary registration, covering products such as food, dietary supplements, cosmetics, pesticides, medical equipment, and more. A key aspect of the regulation is the control of…
Blog, Costa Rica, News, Tax
Draft Resolution on the Informative Transfer Pricing Statement in Costa Rica
17
Feb
Feb
The Ministry of Finance and the General Directorate of Taxation have submitted for comment the draft resolution on the tax obligation on transfer pricing. Comments on the draft shall be submitted between February 12 and 26, 2025. This draft resolution establishes the mandatory filing of the annual informative transfer pricing statement for taxpayers engaging in…
Blog, Global Mobility & Relocation, Guatemala, Labor & Employment, News
Guatemala Establishes Unit to Support Migrant Returnees
14
Feb
Feb
Ministerial Agreement Number 82-2025 was published in the Diario de Centroamérica on February 7, 2025. It creates the “Care Unit for Returned Migrants” within the Ministry of Labor and Social Welfare. The Ministry’s General Directorate of Employment will direct and supervise this unit. The purpose of the Care Unit for Returned Migrants is to provide…
Blog, Costa Rica, News, Tax
Extension of the deadline for the implementation of changes to electronic invoices in Costa Rica
13
Feb
Feb
By means of press release CP-08-2025 dated February 11, 2025, the Ministry of Finance extends the deadline for the implementation of modifications to electronic invoices in accordance with version 4.4 until September 1st, 2025, as established in resolution MH-DGT-RES-0027-2024. This extension aims to allow taxpayers sufficient time to implement the changes to electronic invoices, which…
Blog, Intellectual Property, News
Creation of the First Mediation Center in Guatemala for matters related to Copyright and Related Rights
07
Feb
Feb
On January 24, 2025, the Intellectual Property Registry of Guatemala officially launched the Intellectual Property Registry Mediation Center, a new initiative that will be under its administration and will have the technological and technical support of the World Intellectual Property Organization (WIPO). Initially, the center will focus on the mediation of Copyright and Related Rights,…
At BLP, Banking & Finance, Blog, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua
BLP is honored as Law Firm of the Year – Central America by LatinFinance
30
Jan
Jan
We are pleased to announce that BLP has received the prestigious Law Firm of the Year – Central America at the LatinFinance Deals of the Year Awards 2024. This recognition reaffirms our excellence in legal advisory services within the financial and capital markets in Latin America and the Caribbean. The awards ceremony took place on…
Blog, Energy & Infrastructure, Guatemala, News
Tenders for Generation (PEG-5) and Transmission of Electric Energy in Guatemala
28
Jan
Jan
Guatemala is preparing to launch the upcoming PEG-5 bidding process, designed to add over 1,000 MW of installed capacity, with a strong focus on renewable technologies such as solar, wind, hydroelectric, and geothermal energy. This process, set to be announced soon, will include 15-year contracts for new power plants and 5-year contracts for existing facilities,…