The Superintendency of Public-Private Partnerships (SAPP) has officially approved the Sanctions Regulation, marking a significant step in regulating and overseeing Public-Private Partnerships (PPPs) in Honduras. Key highlights of the new regulation: Categorizes violations as minor, serious, and very serious. Establishes proportional financial penalties ranging from $1,500 to $25,000, depending on the type and severity of…
Category Archives: Blog
19
Nov
Nov
The new regulation on electronic invoices was published in La Gaceta, issue number 210, on November 8, 2024. This regulation introduces some changes related to electronic invoices. Some of these changes include: The issuance of an electronic purchase invoice, which will support the acquisition of goods and services by a taxpayer from a non-resident, an…
Analysis, Blog, Costa Rica, Environmental, Social and Governance (ESG)
Costa Rica: A Strategic Destination for Green Hydrogen Development
18
Nov
Nov
Authors https://blplegal.com/wp-content/uploads/2024/11/Articulo-Hidrogeno-Verde_FOTO.png Luis Palacios Director Costa Rica E-mail https://blplegal.com/wp-content/uploads/2024/11/Articulo-Hidrogeno-Verde2_Simon-Sauve.png Simon Sauvé Director Costa Rica E-mail Amid the global energy transition, green hydrogen emerges as a key alternative for achieving decarbonization. With abundant renewable energy, ample water availability, and a legal framework that encourages foreign investment, Costa Rica has significant potential to attract investment and become…
06
Nov
Nov
The National Wage Council, in its session No. 5834 held on October 30, 2024, approved a general 2.37% increase in minimum wages for the private sector. Below are the key details: Details of the Increase: Effective Date: The wage adjustments will take effect on January 1, 2025. Specific Increases: The increase in wages of Domestic…
Advertising, Marketing & Consumer Protection, Blog, Honduras, News
Update on the Consumer Protection Law in Honduras
01
Nov
Nov
The National Congress of Honduras has approved significant reforms to the Consumer Protection Law, strengthening users’ rights across various essential services. Key provisions in this modification include: Contracts Limited and in Lempiras: Contracts for telephone, internet, and cable television services are now limited to a maximum of six months and must be charged exclusively in…
Banking & Finance, Blog, El Salvador, Environmental, Social and Governance (ESG), News
BLP advises DFC and CAF on the most significant debt conversion in history to conserve watersheds in El Salvador
29
Oct
Oct
DFC, the U.S. government’s international development bank, provides $1 billion in political risk insurance (PRI), while CAF is issuing two letters of credit (SBLC) for up to $200 million. The combination of DFC’s PRI and CAF’s SBLCs strengthens the credit risk supporting the transaction, catalyzing additional investment in conservation and ecosystem restoration efforts in the…
Blog, Costa Rica, Labor & Employment, News
Paid Leave for the Death of Relatives of Workers in Costa Rica
29
Oct
Oct
On October 21 of this year, the Legislative Assembly approved, in a second debate, the “Law to Create Paid Leave for the Death of Relatives of Workers, to Protect the Right to Grieve,” processed under legislative file No. 23.929. This law introduces a new item, (l), to Article 69 of the Labor Code. This new…
Blog, Business Law, Costa Rica, News
New Obligations for Non-Profit Organizations (NPOs) in 2024 in Costa Rica
15
Oct
Oct
Avoid sanctions and operational problems by ensuring compliance with the new Transparency and Final Beneficiary Registry (RTBF) declaration. Starting in 2024, Non-Profit Organizations (NPOs) in Costa Rica must comply with new transparency obligations, under the aegis of the Transparency and Final Beneficiary Registry of the Central Bank of Costa Rica (BCCR). This requirement is part…
Blog, Costa Rica, Free Trade Zones, News, Sanitary Registration of Products
New Regulation for the Authorization of Health Products in Free Trade Zones Enters Public Consultation
14
Oct
Oct
The Costa Rican Ministry of Foreign Trade and the Ministry of Health have issued a regulation, which is currently under public consultation, to authorize the entry into the free zone regime of products of sanitary interest or their raw materials without the need to process a sanitary registration or notification when such products meet the…
At BLP, Blog, Costa Rica, Energy & Infrastructure, News
BLP double wins LatinFinance Project & Infrastructure Finance Awards for Landmark Renewable Energy Financing with EnfraGen
10
Oct
Oct
October 10, Central America. BLP was honored as the LatinFinance winner of its 2024 Project & Infrastructure Finance Awards, where our representation on behalf of our client, EnfraGen, won the awards of Infrastructure Law Firm of the Year: Central America and Renewable Energy Financing of the Year. Our counsel played a pivotal role in this…