BLP advises Grupo Tecún on selling its automotive division to Grupo Q in Guatemala.
/ / Blog, Business Law, Guatemala, News

BLP advises Grupo Tecún on selling its automotive division to Grupo Q in Guatemala.

As of December 1, the Hyundai, Mazda, and Peugeot brands formerly controlled by different companies belonging to Grupo Tecún became part of the automotive portfolio of Grupo Q in Guatemala.  BLP’s advice to Grupo Tecún on selling its automotive division ...
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The SICOP platform will be out of order from December 1-8, 2022. 
/ / Costa Rica, Labor & Employment, News

The SICOP platform will be out of order from December 1-8, 2022. 

Due to the implementation of the new General Procurement Law and in accordance with resolution number MH-DM-RES-0919-2022 of the National Treasury, the digital platform SICOP will be temporarily out of order from 12 am December 1 through 11:59 pm December ...
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Holiday December 1, Abolition of the Army
/ / Blog, Costa Rica, Labor & Employment, News

Holiday December 1, Abolition of the Army

On December 1, Costa Rica marks the Abolition of the National Army. However, law 9875 requires that from 2020 to 2024, holidays transfer to Mondays to promote internal visits and tourism. This year the holiday is celebrated on December 5.

...
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Tax treatment of donations and other free transfers
/ / Analysis, Blog, Nicaragua, Tax

Tax treatment of donations and other free transfers

Michelle Avilés Senior Associate Nicaragua [email protected] 

A free transfer is when the donor (transferor) bestows a benefit or right without being paid, even though the transfer may be subject to the fulfillment of certain conditions, such as an inheritance, donation, ...
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BLP advises on the sale of shares of Banco Popular, S.A. in Honduras
/ / Banking & Finance, Blog, Honduras, News

BLP advises on the sale of shares of Banco Popular, S.A. in Honduras

Banco Popular S.A. is the dominant commercial banker of microcredits in Honduras. IFC, BCIE and Bamboo Capital Partners sold their shareholdings of Banco Popular to Triple Jump via ASN Microkredietfonds, Incofin, BIO Invest, and FMO. BLP, through its Honduran legal ...
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December 16, the last day to regularize the environmental situation of your company in Guatemala

December 16, the last day to regularize the environmental situation of your company in Guatemala

In 2019, the Ministry of the Environment and Natural Resources decreed a 3-year extension to the period for the regularization of environmental instruments in Guatemala contained in Government Agreement 237-2016. Thus, existing projects have until December 16, 2022, to ...
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Triennial increase of the IVM corresponding to year 2023
/ / Blog, Costa Rica, Labor & Employment, News

Triennial increase of the IVM corresponding to year 2023

As of January 2023, contribution to the Disability, Old Age and Death regime (IVM - for its acronym in Spanish) will increase with the aid of three contributors, according to the agreement of the Board of Directors, session 9038 of ...
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