BLP advised Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO) on a loan facility granted in favor of Banco de Antigua, S.A. in Guatemala, in a principal amount of up to $15 million. This loan facility will enable Banco de Antigua to grant micro-loans to micro-entrepreneurs in rural areas in Guatemala, contributing to a positive impact on…
Category Archives: News
Blog, Business Law, Costa Rica, El Salvador, Guatemala, Honduras, News, Nicaragua
BLP advised JCDecaux on the acquisition of a majority stake in IMC
08
Oct
Oct
BLP advised JCDecaux on acquiring a 70% majority stake in IMC, a leading out-of-home advertising company operating in Central America, Colombia, and Panama, through its majority-owned subsidiary, JCDecaux Top Media S.A. As part of the transaction, the remaining IMC shareholders contributed their 30% shares in IMC in exchange for a 9% stake in a newly…
Blog, Business Law, Costa Rica, El Salvador, Guatemala, Honduras, News, Nicaragua
BLP advised JCDecaux on the acquisition of a majority stake in IMC
08
Oct
Oct
BLP advised JCDecaux on acquiring a 70% majority stake in IMC, a leading out-of-home advertising company operating in Central America, Colombia, and Panama, through its majority-owned subsidiary, JCDecaux Top Media S.A. As part of the transaction, the remaining IMC shareholders contributed their 30% shares in IMC in exchange for a 9% stake in a newly…
16
Aug
Aug
On August 9, 2024, Guatemala’s Superintendency of Tax Administration (SAT) published resolution SAT-DSI-1310-2024 in the Diario de Centroamérica. This regulation establishes the administrative provisions to enable authorized third parties, such as Lawyers and Notaries, Public Accountants and Auditors or Expert Accountants, to carry out procedures in the Digital Unified Tax Registry on behalf of taxpayers…
14
Aug
Aug
BLP has advised Bain Capital Special Situations on its preferred equity investment in MRO Holding, Inc., a world-class aircraft maintenance repair and overhaul company operating in El Salvador, México, Colombia, and the United States and which is a holding of Aeromantenimientos S.A., a leading provider of airframe heavy maintenance in El Salvador. The first tranche…
Blog, Honduras, Labor & Employment, News
Mandatory Registration in the Honduran Simplified National Registry of Employers
26
Jul
Jul
The Secretariat of State in the Offices of Labor and Social Security has issued a significant announcement affecting all private companies, employers, organizations of civil society, public institutions, and the Honduran public. Here are the key points summarized: Mandatory Registration in SIHCLA: Starting July 20, 2024, all entities must register in the Honduran Labor Cases…
22
Jul
Jul
BLP has advised IDB Invest, FinDev Canada and LAGreen (the “Investors”) on $50 million in Costa Rica’s first blue bond, marking a historic transaction for the country’s capital markets sector. IDB Invest partnered with Banco Nacional de Costa Rica (“BNCR”) to launch Costa Rica’s first blue bond, marking a significant step towards bolstering the blue…
Blog, Guatemala, News, Sanitary Registration of Products
New structure and modifications for the sanitary registration of prepackaged foods in Guatemala
17
Jul
Jul
The Ministry of Health of Guatemala will implement a series of changes in the procedure and requirements for the sanitary registration of prepackaged foods, starting August 5, 2024, following the entry into force of the Central American Technical Regulation 67.01.31:20 Processed Foods. Procedure For the Granting, Renewal, and Modification Of Sanitary Registration. The new regulation…
Blog, Costa Rica, News, Public Law, Public Procurement & Regulation
New date for the 2024 ordinary filing of the Ultimate Beneficial Ownership Registry
09
Jul
Jul
Using general-application joint resolution number MH-DGT-RES-0016-2024, issued on June 24, 2024, the General Taxation Directorate and the Costa Rican Drug Institute once again modified the filing period for the 2024 ordinary filing of the Ultimate Beneficial Ownership Registry (“Registro de Transparencia y Beneficiarios Finales”). This year, each obligated party must comply with the filing between October…
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…