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…
Category Archives: Blog
25
Jul
Jul
Author https://blplegal.com/wp-content/uploads/2024/07/ART-Nearshoring-y-su-Impacto-en-Guatemala_FOTO.png Rodolfo Salazar Partner Guatemala E-mail Guatemala and various other countries face a scenario where the courts are overloaded with cases. This situation has led to long waiting times for court rulings, resulting in slow and sometimes ineffective access to justice. In this context, arbitration emerges as an alternative method of conflict resolution that…
Analysis, Blog, Environmental, Social and Governance (ESG), Guatemala
Green Accounting: How IFRS Accounting Standards Are Forcing Companies to Go Green
23
Jul
Jul
Author https://blplegal.com/wp-content/uploads/2024/07/ART-Nearshoring-y-su-Impacto-en-Guatemala_FOTO.png Rodolfo Salazar Partner Guatemala E-mail Among current corporate issues, sustainability and Environmental, Social and Governance (ESG) criteria have gained a lot of importance. Companies are increasingly focused on integrating sustainable and ethical practices into their operations, recognizing that such actions benefit the environment and society while strengthening their position in the market. We…
23
Jul
Jul
Author https://blplegal.com/wp-content/uploads/2024/07/ART-Nearshoring-y-su-Impacto-en-Guatemala_FOTO.png Rodolfo Salazar Partner Guatemala E-mail The “nearshoring” strategy is emerging as an increasingly popular business approach, offering companies a clever alternative to traditional outsourcing models. Unlike “offshoring,” which typically involves relocating operational processes to distant countries, nearshoring focuses on relocating these operations to countries that are geographically closer to the company’s primary market. …
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…
Analysis, Banking & Finance, Blog, Costa Rica
Is it possible to endorse an electronic promissory note or bill of exchange?
16
Jul
Jul
Author https://blplegal.com/wp-content/uploads/2024/07/ART-Letra-de-cambio-y-pagare-electronico_FOTO.png José Pablo Rojas Director Costa Rica E-mail For those who have joined me in this analysis since the previous article (and if you have not read it, I invite you to do so), you may remember that we considered the scope of Law No. 8454, Law on Certificates, Digital Signatures and Electronic Documents…
Analysis, Banking & Finance, Blog, Costa Rica
Electronic bills of exchange and promissory notes, are they a reality?
16
Jul
Jul
Author https://blplegal.com/wp-content/uploads/2024/07/ART-Letra-de-cambio-y-pagare-electronico_FOTO.png José Pablo Rojas Director Costa Rica E-mail Costa Rica (like the rest of the world) has been modernizing to provide agility to transactions of various kinds that occur at the commercial and banking level, as well as for the relationship between those administered and the State. Undoubtedly, one of the most important steps…
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…
At BLP, Blog, Costa Rica
BLP Commitment to Inclusion and Diversity: Signing of the San José Declaration
27
Jun
Jun
Around 50 companies and organizations have committed to the San José Declaration, which establishes ten fundamental principles against discrimination based on sexual orientation, gender identity, and expression, and in favor of the promotion of the Human Rights of lesbian people, gay, bisexual, transsexual, transgender, and intersex (LGBTI). The Business Alliance for Development (AED), Pride Connection…