New Credit Card Law in Guatemala
/ / Banking & Finance, Blog, Guatemala, News

New Credit Card Law in Guatemala

On February 15, 2024, the Guatemalan Congress approved Decree 2-2024, Credit Card Law, the final version of which is in the hands of the Executive Branch for its ratification, promulgation, and publication. This new law shall enter into force six ...
Change in Central American Technical Regulation and Its Impact on the Cosmetics Industry in Guatemala

Change in Central American Technical Regulation and Its Impact on the Cosmetics Industry in Guatemala

The Ministry of Health of Guatemala has recently implemented changes in the regulatory framework governing cosmetics, following the entry into force of the RTCA SANITARY REGISTRATION REGULATIONS FOR COSMETICS, RTCA 71.03.35:21, on February 5, 2024. This regulation includes modifications to ...
Costa Rica: What will 2024 bring us in FDI?
/ / Analysis, Blog, Costa Rica, Free Trade Zones

Costa Rica: What will 2024 bring us in FDI?

2023 was undoubtedly a year of significant changes in the Foreign Direct Investment (FDI) attraction model that the country had sustained for years. Although it is still premature to evaluate the results of these changes, the beginning of the year ...
The Congress of the Republic of Guatemala approves initiative 5082, which contains the “Framework Law for Consumer Defense and Protection”

The Congress of the Republic of Guatemala approves initiative 5082, which contains the “Framework Law for Consumer Defense and Protection”

With 122 votes in favor, the Guatemalan Congressman have approved initiative 5082, "Framework Law for Consumer Defense and Protection." This approval marks a significant milestone for the country and its commitment to protecting consumer rights and clarifies procedures.

This new ...

Obligation for Large Taxpayers to present audited financial statements
/ / Blog, Costa Rica, News, Tax

Obligation for Large Taxpayers to present audited financial statements

Obligation for Large Taxpayers to present audited financial statements The General Directorate of Taxation reformed Resolution DGT-R-46-2014*, regarding the obligation of Large National Taxpayers to present financial statements audited by an Authorized Public Accountant. In this way, those Large Taxpayers ...
BLP advised Bancolombia and a consortium of Banks on a Syndicated Loan for US$700 Million

BLP advised Bancolombia and a consortium of Banks on a Syndicated Loan for US$700 Million

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 ...
Green Power: How ESG Practices Transform Corporations

Green Power: How ESG Practices Transform Corporations

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 ...