With the outstanding involvement of four of our lawyers, BLP actively participated in the XIV Ibero-American Regulation Congress held in Medellín, Colombia on November 13-15. Our delegation was made up of partner Luis Ortiz, and attorneys Julio Castellanos, Francisco Obando, and Daniel Rodríguez, all of whom are specialists in Public Law, Public Procurement & Regulation, Banking & Finance, and…
Category Archives: At BLP
BLP partner Luis Chacón, tax law expert, participated as a speaker at the Tax Symposium organized by the College of Private Accountants on November 6, 2019, in which he discussed the deductibility of expenses, tax havens and hybrid asymmetries in light of the Tax Reform in Costa Rica. For an expense to be deductible from…
Through our specialist partner in Labor & Employment, Randall González, the firm participated in the event organized by the Colombian Federation of Human Management of Colombia (ACRIP), Colombia’s most important entity on Human Capital issues, formed by the business and academic sectors of that country. Randall’s presentation dealt with discrimination and its relationship to diversity…
Corporate compliance is a set of procedures and best practices adopted by organizations to identify and classify the operational and legal risks they face and establish internal mechanisms for prevention, management, control and reaction to such risks. In an environment of increasing transparency, non-compliance with corporate governance rules and guidelines can have a direct and…
From October 15-25, 2019, Irene Aguilar, BLP Director of Sustainability, participated in the workshop discussion Towards Respect for Human Rights in Business Activities at the XXXVII Interdisciplinary Course on Human Rights at the Inter-American Institute of Human Rights, in San José, Costa Rica. This course, which is held annually, is the most important human rights…
BLP acted as legal advisor to Promerica Financial Corporation as Issuer in the Debt Issuance of $200 Million. BLP reviewed the transaction in accordance with local legislation and analyzed the Final Offering Memorandum, the Indenture, Price Disclosure Documents, the Security and Pledge Agreement, the Custody Agreement and the Notes. In addition, BLP acted as legal…
The telecommunications giant, Millicom – which operates under the Tigo trademark in Central America – has acquired all of Telefónica’s subsidiaries in Costa Rica, Nicaragua and Panama. Together with Davis Polk, BLP advised its client throughout the acquisition process, from the elaboration of the due diligence study and the regulatory analysis of the transaction to…
BLP has advised the International Finance Corporation (IFC) on its participation with Banco La Hipotecaria in a $50 million funding to support the growth of residential mortgage lending to low and middle-income families in Panamá and El Salvador. In this cross-border transaction, governed by the laws of New York, Panamá, and El Salvador, the firm…
As we face the worldwide COVID-19 crisis, the need to document the fate of an individual’s estate through the corresponding legal formalities is now more important than ever. After the effort of years of work, the accumulated assets that make up a person’s heritage merit careful consideration on how to preserve and eventually distribute the…
Environment Incentive Law for the Import and Use of Electric and Hybrid Means of Transportation. On September 24, 2020, the Legislative Assembly approved Legislative Decree number 738, enacting the Incentives Law for the Importation and Use of Electric and Hybrid Means of Transportation. The purpose of this law is to promote the use of electric…

