BLP advised BofA Securities, Inc., as initial purchaser, in the international R144A bond issuance carried out by the Comisión Ejecutiva Hidroeléctrica del Río Lempa (CEL), which was backed by a sovereign guarantee from the Republic of El Salvador. This transaction marks a milestone in El Salvador’s financial market, as it represents the first international bond…
Author Archives: BLP
28
Jul
Jul
On July 24, the Costa Rican General Directorate of Taxation (DGT) published 16 administrative resolutions related to the implementation of TRIBU-CR and the new tax compliance forms and procedures: Resolution Title MH-DGT-RES-013-2025 Regulation on the Registration and Update of Data for Inactive Legal Entities and Informative Return for Inactive Legal Entities MH-DGT-RES-014-2025 Regulation on the…
Blog, Guatemala, Intellectual Property, News
New SNAP-GT platform modernizes and streamlines sanitary procedures in Guatemala
28
Jul
Jul
The Ministry of Public Health and Social Assistance of Guatemala (MSPAS) has officially launched the SNAP-GT platform, a new digital tool designed to centralize and streamline health regulatory processes in the country for the processed (prepackaged) food sector. This system will enable a range of procedures related to sanitary registrations, licenses, and authorizations to be…
Analysis, At BLP, Blog, Costa Rica, Tax
ATENA System: A Step Forward in Costa Rica’s Customs Modernization
24
Jul
Jul
The Superintendency of Tax Administration (SAT) of Guatemala has introduced new provisions aimed at strengthening tax compliance and improving control mechanisms within the country. These measures include updates to reporting obligations, adjustments to existing procedures, and the implementation of new digital tools designed to facilitate interaction between taxpayers and the tax authority. The changes are…
Blog, Costa Rica, Energy & Infrastructure, Guatemala, News
BLP advised IDB Invest and CABEI on a landmark sustainable educational and sports infrastructure project in Guatemala, the first in Central America to obtain the Fast-Infra label verification.
18
Jul
Jul
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,…
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 Law, 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…