Banco Promerica has issued a second series of sustainable bonds in book-entry form, totaling US$15 million. This issuance is part of Banco Promerica’s US$500 million program, which allows the bank to issue green, social, or sustainable bonds up to that amount. This bond issuance will enable Banco Promerica to continue financing projects, companies, and initiatives…
Author Archives: BLP
20
Mar
Mar
Starting Monday, March 17, 2025, the Personal Identification Document (DPI) will automatically become the Tax Identification Number (NIT), eliminating the need to manage a separate NIT. This measure, implemented by the Tax Administration Office (SAT) through resolution SAT-DSI-393-2025, seeks to simplify administrative and tax procedures in the country. Key Changes and Benefits: DPI Access to…
Blog, Business Law, Costa Rica, Labor & Employment, News, Tax, Telecommunications, Media & Technology
BLP advised IFX on the Acquisition of Gold Data
13
Mar
Mar
BLP advised IFX on its acquisition of Gold Data in Costa Rica, a technology company specializing in telecommunications infrastructure that provides high-quality direct connectivity throughout the Americas and the Caribbean. This transaction allows IFX to complement its portfolio of Data Centers, Cloud, Security, and Value-Added Services with significant network infrastructure. This strengthens its position as…
Blog, Costa Rica, Labor & Employment, News
The Legislative Assembly Approves the Law Project to Regulate Working from Abroad
11
Mar
Mar
On March 5, 2025, the Legislative Assembly approved, in a second debate, bill number 23528, which explicitly regulates working from outside Costa Rica. According to the provisions of the approved draft law, working from abroad may be requested by the employer and will require the employee’s express consent; if the employee agrees, the employer must…
Blog, Costa Rica, Cybersecurity & Data Protection, News
Artificial Intelligence and Technologies Promotion Law
07
Mar
Mar
On February 25, 2025, the Legislative Assembly enacted the Artificial Intelligence and Technologies Promotion (AI) Law. Its objective is to promote the development, research, and application of artificial intelligence in El Salvador, encouraging and promoting innovation while ensuring its responsible use to contribute to technological advancement and economic growth. The AI Law applies to all…
Blog, Costa Rica, Environment, Health & Safety, News
Obligations for the Management of Construction and Demolition Waste
04
Mar
Mar
Autor https://blplegal.com/wp-content/uploads/2024/11/Articulo-Hidrogeno-Verde_FOTO.png Luis Palacios Director Costa Rica E-mail The construction industry is one of the most environmentally impactful sectors worldwide, primarily due to the large volume of waste it generates. However, in Costa Rica, there has historically been a regulatory gap concerning the management of construction waste, as governmental oversight has traditionally been reserved for…
Advertising, Marketing & Consumer Protection, Blog, Honduras, News
Update on the Consumer Protection Law in Honduras
01
Nov
Nov
The National Congress of Honduras has approved significant reforms to the Consumer Protection Law, strengthening users’ rights across various essential services. Key provisions in this modification include: Contracts Limited and in Lempiras: Contracts for telephone, internet, and cable television services are now limited to a maximum of six months and must be charged exclusively in…
Blog, Business Law, Costa Rica, El Salvador, Guatemala, Honduras, News, Nicaragua
BLP advised JCDecaux on the acquisition of a majority stake in IMC
08
Oct
Oct
BLP advised JCDecaux on acquiring a 70% majority stake in IMC, a leading out-of-home advertising company operating in Central America, Colombia, and Panama, through its majority-owned subsidiary, JCDecaux Top Media S.A. As part of the transaction, the remaining IMC shareholders contributed their 30% shares in IMC in exchange for a 9% stake in a newly…
22
Jul
Jul
BLP has advised IDB Invest, FinDev Canada and LAGreen (the “Investors”) on $50 million in Costa Rica’s first blue bond, marking a historic transaction for the country’s capital markets sector. IDB Invest partnered with Banco Nacional de Costa Rica (“BNCR”) to launch Costa Rica’s first blue bond, marking a significant step towards bolstering the blue…
Blog, Costa Rica, News, Public Law, Public Procurement & Regulation
New date for the 2024 ordinary filing of the Ultimate Beneficial Ownership Registry
09
Jul
Jul
Using general-application joint resolution number MH-DGT-RES-0016-2024, issued on June 24, 2024, the General Taxation Directorate and the Costa Rican Drug Institute once again modified the filing period for the 2024 ordinary filing of the Ultimate Beneficial Ownership Registry (“Registro de Transparencia y Beneficiarios Finales”). This year, each obligated party must comply with the filing between October…