BLP has advised a group of several first-line creditors, including Banks from the following financial groups: Bancolombia, Davivienda, BAC, Aval, Banco Industrial, and Banco General, on a syndicated loan for US$700 million, granted to Grupo Calleja, the leading grocery retailer in El Salvador. The credit facility’s primary purpose is the acquisition by Grupo Calleja of…
Author Archives: BLP
Blog, Environmental, Social and Governance (ESG), Guatemala, News
Green Power: How ESG Practices Transform Corporations
14
Feb
Feb
ESG (Environmental, Social, and Governance) practices are becoming increasingly important. These three pillars, ranging from environmental sustainability and social responsibility to ethics in corporate governance, represent a change in how companies evaluate and conduct their operations. ESG practices are not just isolated or complementary initiatives. They are becoming essential components of business strategy. Their integration…
Blog, Costa Rica, Intellectual Property, News
Update of new RTCA for cosmetics in Central America, including Panama.
06
Feb
Feb
As of February 5, the new RTCA for registering cosmetic products will come into force, for which the following information must be included: In case a laboratory that is not a subsidiary or member of the same group is employed, a Manufacturing Contract (or manufacturer’s power of attorney as used in the case of Costa…
Analysis, Blog, Costa Rica, Real Estate & Hospitality
Condominiums in Tourist Marinas: Costa Rica’s new development opportunity
01
Feb
Feb
As part of the natural process of evolution of any real estate project, opportunities for diversification, structuring, and offering new real estate products arise over time. In Costa Rica, tourist marinas have been a clear example of how the natural conditions of a country, in our case, the coasts, can assertively enable the commercial and…
Analysis, Blog, Environment, Health & Safety, Environmental, Social and Governance (ESG), Guatemala
ILO Convention 169: Barrier to Infrastructure in Guatemala?
17
Jan
Jan
Convention 169 on indigenous and tribal peoples, promulgated by the International Labor Organization (ILO), stands as one of the most emblematic instruments in the protection and recognition of human rights at the international level. Adopted in 1989, this treaty seeks to change the historical narrative of marginalization and exclusion that indigenous peoples have faced, giving…
Analysis, Blog, Environment, Health & Safety, Environmental, Social and Governance (ESG), Guatemala
Corporate Balance: Legal Protection of Minority Shareholders
16
Jan
Jan
Corporations, as essential economic engines, are not only structures for investment and capital growth, but are also scenarios for human relations and rights. Within them, we find a diversity of shareholders, from those who own large portions of the shares to those who have a more limited participation. The latter, known as minority shareholders, are…
Analysis, Blog, Environment, Health & Safety, Environmental, Social and Governance (ESG), Guatemala
Sowing Opportunities: The Potential of Agriculture in Guatemala
11
Jan
Jan
Agriculture, in the heart of Guatemala, is intertwined with the country’s history, traditions and economic aspirations. Over the centuries, from ancient Mayan civilizations to modern farmers, Guatemalan lands have witnessed crops that have fed and clothed generations. This sector has not only sustained the national economy by being a primary source of exports, but has…
20
Dec
Dec
https://blplegal.com/blp-web-2021/wp-content/uploads/2023/12/Newflash-Asuetos-2024-Costa-Rica_FB-TW-LK-IG-WT-ENG-1.jpg
20
Dec
Dec
Guatemalan Government published Agreement No. 307-2023, in Diario de Centroamérica on December 19, 2023, making official the minimum wages by sector to take effect on January 1, 2024. 1. Department of Guatemala (Economic District 1) Employment sector Day shift Mixed shift Night shift Daily pay Monthly pay Incentive pay Monthly total Agricultural Q.13.39 Q.15.30 Q.17.85…
23
Nov
Nov
We are delighted to announce that BLP has won recognition as one of Latin Lawyer’s prestigious Leading Lights for 2023—a testament to our unwavering commitment to fostering a robust pro bono culture in Central America. Latin Lawyer acknowledges the law firms that have made significant strides in advancing pro bono initiatives, and once again, BLP…