Category Archives: Costa Rica

How to Mitigate the Impact of Tariffs Imposed by the United States

The U.S. Government, in its first 100 days in office, imposed new tariffs on other countries as a reciprocal measure that, in its view, would encourage the purchase of more products made in the United States, increase tax revenue, balance the negative trade disparities with other countries, and boost investment levels.  As a result of…

Reorientation in the Enforcement of the FCPA: New Guidelines Establish Priorities for Latin America

Reorientation in the Enforcement of the FCPA: New Guidelines Establish Priorities for Latin America After months of uncertainty following the temporary suspension of the enforcement of the Foreign Corrupt Practices Act (“FCPA”), the U.S. Department of Justice issued new guidelines that resume its implementation, this time with an approach that may lead to increased scrutiny…

TRIBU-CR: A Revolution in the Management of Tax Information

As part of the technological modernization currently being implemented by the General Directorate of Taxation, in the coming weeks, compliance with tax obligations—as we know it today—will undergo a revolutionary shift. This transformation will not only alter the way tax returns are currently filed, but will also entail the unification of the various systems used…

Employer Obligations in Child Support Matters

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…

Regulatory Updates in Health and Food Law Costa Rica – May 2025

Costa Rica leads regulatory changes on food additives and synthetic dyes As Pro Tempore President of the Council of Ministers for Economic Integration (COMIECO) during the first half of 2025, Costa Rica convened a meeting of the Central American Commission on Food Additives (CCAA) on March 18 to evaluate the removal of the synthetic dye…

BLP advised Comcast on the acquisition of Nitel

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…

Smart Contracts in M&A

Author https://blplegal.com/wp-content/uploads/2025/04/Articulo-Transacciones-de-Fusiones-y-Adquisiciones-MA_FOTO-Aurora-Solis.png Aurora Solís Senior Associate Costa Rica E-mail Smart contracts are self-executing agreements that automatically enforce the terms of specific arrangements between parties, such as buyers and sellers. These contracts are already being implemented across various commercial sectors, particularly in FinTech, through high-frequency trading, or in retail via online purchases with dynamic pricing.  In…

BLP advised Bekaert on the sale of its stake in Costa Rican subsidiary BIA Alambres Costa Rica S.A. to Grupo AG

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…

BLP advised CAF on a new bond issuance in Costa Rica

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…