Category Archives: At BLP

BLP advised IDB Invest on an important financing project in El Salvador that will contribute towards securing energy efficiency and cost savings.

BLP has advised IDB Invest, the private arm of the Inter-American Development Group, on an important financing project in El Salvador. As administrator to the Canadian Climate Fund for the Private Sector in the Americas, IDB Invest has agreed to grant loans to Capella Solar S.A. de C.V. and Providencia Solar S.A. de C.V. – both affiliates of Neoen, the project’s Sponsor- to finance…

Labor Law 4.0: Relearning labor relations

“The illiterate of the 21st century will not be those who cannot read or write, but those who cannot learn, unlearn and relearn” Alvin Toffler. We learned labor law as a branch of legal sciences, a summation of concepts and theories, that little by little has been clashing with reality. Labor law structured for a…

BLP advises FMO on financing for affordable housing in El Salvador and Panama.

BLP has advised NEDERLANDSE FINANCIERINGS-MAATSCHAPPIJ VOOR ONTWIKKELINGSLANDEN N.V. (“FMO”) on its $60 million funding alongside BANCO LA HIPOTECARIA, S.A. (Panama) y LA HIPOTECARIA, S.A. DE C.V. (El Salvador). BLP’s role was to advise FMO in the review of the facility agreement under local law and execution thereof, the preparation of all documentation, and the planning, negotiation,…

BLP advised Grupo Orbis on being acquired by AkzoNobel

BLP advised the seller, Grupo Orbis (Pintuco), on this regionally impactful transaction employing attorneys from each of our offices in Costa Rica, Nicaragua, Honduras, El Salvador, and Guatemala, as well as coordinating with lawyers in Panama. Besides conducting due diligence in the jurisdictions of Central America, BLP also analyzed the competition in each of the countries and if required…

BLP has advised Inversiones Financieras Grupo Azul on the acquisition of Banco G&T Continental in El Salvador

BLP has advised its client Inversiones Financieras Grupo Azul, S.A (“IFGA”) on the acquisition of the shares of Banco G&T Continental El Salvador, S.A. and its subsidiary G&T Continental, S.A. de C.V., Casa de Corredores de Bolsa. BLP’s advice included: Everything related to the due diligence process on the target. The structuring of the transaction….

BLP advises IDB Invest in the granting of a loan to Calox de Costa Rica

BLP has advised IDB Invest, a member of the IDB Group, in the granting of a loan of $14 million to Calox de Costa Rica S.A. (Calox).  The loan enables Calox to obtain substantial improvements in its productive capacities and seek international certifications that validate the quality of its products, affording access to new markets….

BLP advises on the largest placement of green bonds by a 100% renewable energy company in Central America and the Caribbean

The BLP Costa Rica team advised Citigroup Global Markets Inc. and J.P. Morgan Securities LLC on the issuance by Investment Energy Resources Limited of $700 million in Secured Notes with a Fixed Rate of 6.250% maturing in 2029. The firm also advised Banco Latinoamericano de Comercio Exterior, SA, Banco Industrial, SA, Westrust Bank (International) Limited,…

BLP Business Hub

At BLP, we believe that a revolution has begun in the way we do business. Our specialists are available to guide you through the region’s economic reactivation process. Watch our series of content below. Global Mobility & Relocation: Central America: The region of new opportunities. Learn what you need to leap into e-commerce. Occupational Health and…

BLP advised IDB Invest in the financing of the first Floating Storage and Regasification Unit (FSRU) in El Salvador.

The project involves the purchase and conversion of a liquified natural gas (“LNG”) carrier to a Floating Storage and Regasification Unit (“FSRU”). The FSRU will be permanently moored at the port of Acajutla in Sonsonate, El Salvador, to provide liquified natural gas regasification services to Energia del Pacifico Limitada de C.V. (“EDP”), a 378-megawatt combined…

BLP celebrates International Data Privacy Day by fostering an awareness of our personal information

Today, January 28, we observe the signing of the 108th Convention of the Council of Europe, the first international instrument on the protection of privacy and personal information, by analyzing the actions companies in Costa Rica should take in order to comply with the provisions of the Law on Personal Protection against the Processing of…