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…
Author Archives: BLP
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…
Banking & Finance, Blog, Environmental, Social and Governance (ESG), Guatemala, News
BLP advised IDB Invest on its investment in Banco Promerica’s second series of sustainable bonds in Guatemala.
25
Mar
Mar
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…
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…