The San Cristóbal Green Academics and Sports Campus (CSC) project, led by Fundación Montesquieu and its subsidiaries Corporación Educativa Montesquieu and High Learning Operations, marks a milestone in the region’s social infrastructure. With a total investment of US$60 million, the campus will feature more than 29,000 m² of facilities to serve 1,400 preschool-to-high school students,…
Author Archives: BLP
Blog, Business Law, Costa Rica, Environmental, Social and Governance (ESG), Labor & Employment, News, Real Estate & Hospitality, Tax
BLP advises on the acquisition of the iconic Tabacón Thermal Resort & Spa in Costa Rica
11
Jul
Jul
BLP advised the shareholders of Inversiones Turísticas Arenal S.A., owner of the renowned Tabacón Thermal Resort & Spa located in La Fortuna, Alajuela, on the sale of 100% of the company’s shares to Pursuit Attractions and Hospitality, Inc. This transaction marks the entry of a new institutional player into Costa Rica’s tourism sector, reinforcing confidence…
Blog, Guatemala, Insurance & Reinsurance, News
New Regulation on the Registration of Insurance, Reinsurance, and Independent Adjuster Intermediaries
11
Jul
Jul
On February 18, 2025, Resolution JM-24-2025, issued by the Monetary Board, was published in the Diario de Centro América, approving the Regulation on the Registration of Insurance, Reinsurance, and Independent Adjuster Intermediaries (hereinafter, the “Regulation”), included in the annex of said resolution. This new regulation replaces Resolution JM-13-2011, which previously governed the registration of insurance…
Analysis, At BLP, Blog, Costa Rica, Free Trade Zones
How to Mitigate the Impact of Tariffs Imposed by the United States
13
Jun
Jun
The U.S. Government, in its first 100 days in office, imposed new tariffs on other countries as a reciprocal measure that, in its view, would encourage the purchase of more products made in the United States, increase tax revenue, balance the negative trade disparities with other countries, and boost investment levels. As a result of…
Blog, Energy & Infrastructure, Guatemala, News
Puerto Quetzal: A Strategic Alliance Redefining Infrastructure in Guatemala
10
Jun
Jun
On May 22, 2025, the Government of Guatemala, through its Ministry of Defense, signed an agreement with the U.S. Army Corps of Engineers (USACE) for the modernization of Puerto Quetzal—a landmark moment in the development of the country’s critical infrastructure. This agreement not only enhances international technical cooperation but also paves the way for private…
05
Jun
Jun
As part of the technological modernization currently being implemented by the General Directorate of Taxation, in the coming weeks, compliance with tax obligations—as we know it today—will undergo a revolutionary shift. This transformation will not only alter the way tax returns are currently filed, but will also entail the unification of the various systems used…
20
May
May
To reinforce good practices and avoid legal contingencies, we remind employers of some key aspects to keep in mind when managing wage garnishments for child support, under the Family Procedural Code (Código Procesal de Familia, CPF): Cooperation with the Judiciary: Article 264 of the CPF establishes that employers are obligated to provide information about the…
Banking & Finance, Blog, Business Law, Costa Rica, Cybersecurity & Data Protection, Environment, Health & Safety, Intellectual Property, Labor & Employment, News
BLP advised Comcast on the acquisition of Nitel
22
Apr
Apr
BLP advised Comcast on the acquisition of Nitel, a U.S. managed services provider headquartered in Chicago, from international private equity firm Cinven. The Nitel acquisition boosts Comcast Business’s connectivity capabilities and strengthens its distribution strategy. BLP advised on the Costa Rican matters related to the acquisition of all issued and outstanding shares of Nitel’s subsidiary…
Banking & Finance, Blog, Business Law, Costa Rica, Cybersecurity & Data Protection, Environment, Health & Safety, Intellectual Property, Labor & Employment, News
BLP advised Bekaert on the sale of its stake in Costa Rican subsidiary BIA Alambres Costa Rica S.A. to Grupo AG
31
Mar
Mar
BLP advised Bekaert, a global leader in the steel wire transformation and coating technologies market, on the sale of its stake in the Costa Rican subsidiary BIA Alambres Costa Rica S.A. to Grupo AG, a regional leader in steel production and construction solutions with operations in Guatemala and Honduras and presence in eleven countries through…
Banking & Finance, Blog, Business Law, Costa Rica, News
BLP advised CAF on a new bond issuance in Costa Rica
31
Mar
Mar
BLP has advised CAF – Development Bank of Latin America and the Caribbean on the issuance of Series C1 of the CAF Local Bond Program in Costa Rica, for an amount of ₡35,000,000,000, equivalent to approximately USD67 million, with a 7-year term and an interest rate of 6.18%. With this new placement, CAF reaffirms its…