Author https://blplegal.com/wp-content/uploads/2024/06/Janelle-Christie-blog.png Janelle Christie Senior Associate Costa Rica E-mail As part of the initiative led by the firm Miller & Chevalier to periodically evaluate the impact of corruption on business in the region, the Survey on Corruption in Latin America 2024 was published, the results of which were discussed and analyzed on April 25 by…
Category Archives: Costa Rica
Banking & Finance, Blog, Costa Rica, News
BLP advised IFC on an initial investment of US$2 million in ProNuvo
26
Jun
Jun
To bolster the circular economy in Latin America and the Caribbean, the International Finance Corporation (IFC) announced an initial investment of US$2 million in ProNuvo, a Costa Rica-based company specializing in the sustainable production of insect-based animal feed. The IFC financing, part of the institution’s upstream activities, will enable ProNuvo to complete the construction of…
Analysis, Blog, Costa Rica, Environmental, Social and Governance (ESG)
New Regulations to the Water Law accelerate Water Department procedures
25
Jun
Jun
Authors https://blplegal.com/wp-content/uploads/2024/06/FOTO-Art-Ley-de-Aguas-Luis-Palacios.png Luis Palacios Director Costa Rica E-mail On June 12, 2024, a new Regulation to the Water Law entered into effect, including various changes that favor citizens by streamlining and developing procedures that had become obsolete because the Water Law was issued in 1942, and lacked congruence nowadays. Below, we will summarize the main…
Analysis, Blog, Business Law, Costa Rica
New Regulations for the Transparency Registry and Final Beneficiaries: Main Changes and Legal Considerations
21
Jun
Jun
Authors https://blplegal.com/wp-content/uploads/2024/06/Articulo-RTBF-CR-2024_Adriana-Castro.png Adriana Castro Partner Costa Rica E-mail https://blplegal.com/wp-content/uploads/2024/06/Articulo-RTBF-CR-2024_Elena-Foltran.png Elena Foltrán Associate Costa Rica E-mail Under the regulations on Transparency Registration and Final Beneficiaries in Costa Rica, legal entities and other legal structures domiciled in the country, administrators of third-party resources on behalf of their clients, non-profit organizations, and private trusts, including foreign trusts that…
Blog, Costa Rica, Environmental, Social and Governance (ESG)
BLP receives Carbon Neutral Plus Certification
18
Jun
Jun
At BLP, we are proud to share a new milestone in our continued commitment to environmental sustainability: our ninth Carbon Neutral Plus certification. This is the highest category possible in the Carbon Neutrality Country Program, a recognition that not only certifies our demonstrated carbon neutrality, but also the implementation of additional measures to reduce the…
Blog, Costa Rica, News, Public Law, Public Procurement & Regulation
Tender for the critical care tower of the Costa Rica Children’s Hospital
17
Jun
Jun
On May 21, 2024, the Caja Costarricense del Seguro Social (CCSS) published in the SICOP platform the request of proposal number 2024LY-000005-0001101107, for the Design, Construction, Equipment and Maintenance of the Critical Care Tower for the Children´s National Hospital, Dr. Carlos Luis Saénz Herrera, under the turnkey modality, publicly known as “Torre de la Esperanza…
Blog, Costa Rica, Free Trade Zones, News
Customs Update: Modification in tariff duties on the importation of paddy and milled rice
10
Jun
Jun
The General Directorate of Customs, through the resolution of general scope MH-DGA-RES-0936-2024, dated June 4, 2024, issues provisions on a new modification to the customs duties on grain and milled rice, in compliance with the resolution reached by the Court of Appeals for Administrative and Civil Litigation of the Treasury, as described in ruling No….
07
Jun
Jun
BLP has advised CAF (Development Bank of Latin America and the Caribbean), a multilateral financial organization, on its second bond issuance in Costa Rica, amounting to ¢47,250,000,000, equivalent to USD 94 million with a 6.35% coupon and a term of eight years, as structured by Citi and BCR Valores Puesto de Bolsa. With this issuance,…
Blog, Costa Rica, Labor & Employment, News
Law on the Protection of Whistleblowers and Witnesses of Acts of Corruption against Labor Retaliation
03
Jun
Jun
On February 8, 2024, Costa Rica passed a law to protect persons who report acts of corruption and the witnesses of those who report, which applies to both the public and private sectors. From the labor perspective, this law introduces a special protection jurisdiction and a series of measures to ensure that whistleblowers and witnesses…
Blog, Costa Rica, Labor & Employment, News
Changes to the Law Against Sexual and Labor Harassment in Employment and Teaching
03
Jun
Jun
In Costa Rica, some significant changes were recently made to the current law on labor and sexual harassment in employment and teaching. These changes seek to improve the effectiveness of the investigation process when it comes to notifying the opening of processes. The following provisions are the main adjustments to this Law: The workplace must…