On 23 April 2025, the Guatemalan Ministry of Energy and Mines (MEM) and the National Electricity Commission (CNEE), officially announced the launch of tenders for (1) PEG-5 of EEGSA, DEOCSA, and DEORSA[1] and (2) PET-3 of the MEM, representing an important step in developing the country’s energy sector. PEG-5 The main objective of PEG-5 is…
Category Archives: News
Banking & Finance, Blog, Business Law, Costa Rica, Cybersecurity & Data Protection, Environment, Health & Safety, Intellectual Property, Labor & Employment, News
BLP advised Comcast on the acquisition of Nitel
22
Apr
Apr
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…
Banking & Finance, Blog, Business Law, Costa Rica, Cybersecurity & Data Protection, Environment, Health & Safety, Intellectual Property, Labor & Employment, News
BLP advised Bekaert on the sale of its stake in Costa Rican subsidiary BIA Alambres Costa Rica S.A. to Grupo AG
31
Mar
Mar
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…
Banking & Finance, Blog, Business Law, Costa Rica, News
BLP advised CAF on a new bond issuance in Costa Rica
31
Mar
Mar
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…
Banking & Finance, Blog, Environmental, Social and Governance (ESG), Guatemala, News
BLP advised IDB Invest on its investment in Banco Promerica’s second series of sustainable bonds in Guatemala.
25
Mar
Mar
Banco Promerica has issued a second series of sustainable bonds in book-entry form, totaling US$15 million. This issuance is part of Banco Promerica’s US$500 million program, which allows the bank to issue green, social, or sustainable bonds up to that amount. This bond issuance will enable Banco Promerica to continue financing projects, companies, and initiatives…
20
Mar
Mar
Starting Monday, March 17, 2025, the Personal Identification Document (DPI) will automatically become the Tax Identification Number (NIT), eliminating the need to manage a separate NIT. This measure, implemented by the Tax Administration Office (SAT) through resolution SAT-DSI-393-2025, seeks to simplify administrative and tax procedures in the country. Key Changes and Benefits: DPI Access to…
Blog, Business Law, Costa Rica, Labor & Employment, News, Tax, Telecommunications, Media & Technology
BLP advised IFX on the Acquisition of Gold Data
13
Mar
Mar
BLP advised IFX on its acquisition of Gold Data in Costa Rica, a technology company specializing in telecommunications infrastructure that provides high-quality direct connectivity throughout the Americas and the Caribbean. This transaction allows IFX to complement its portfolio of Data Centers, Cloud, Security, and Value-Added Services with significant network infrastructure. This strengthens its position as…
Blog, Costa Rica, Labor & Employment, News
The Legislative Assembly Approves the Law Project to Regulate Working from Abroad
11
Mar
Mar
On March 5, 2025, the Legislative Assembly approved, in a second debate, bill number 23528, which explicitly regulates working from outside Costa Rica. According to the provisions of the approved draft law, working from abroad may be requested by the employer and will require the employee’s express consent; if the employee agrees, the employer must…
Banking & Finance, Blog, Environmental, Social and Governance (ESG), Guatemala, News
BLP Advised on the First Public, Sustainable, and Dematerialized Bond Issued by a Financial Institution in Guatemala
07
Mar
Mar
BLP has advised BID Invest, Proparco, and LAGreen (through Finance in Motion) on the issuance of the first sustainable and dematerialized bond by Banco de América Central, S.A. (BAC Guatemala) to promote financial inclusion and environmental sustainability in Guatemala. The bond, valued at up to US$140 million with a term of up to five years,…
Banking & Finance, Blog, Costa Rica, News
BLP Advised on the First Public, Sustainable, and Dematerialized Bond Issued by a Financial Institution in Guatemala
07
Mar
Mar
In a significant move within the financial sector, BLP provided comprehensive legal counsel to Banco Davivienda during the acquisition and integration of Scotiabank’s operations in Costa Rica. This transaction, encompassing banking, insurance, and leasing businesses, highlights BLP’s expertise in navigating complex mergers and acquisitions in the region. This agreement is part of Davivienda’s strategic expansion…