Author https://blplegal.com/wp-content/uploads/2024/06/Janelle-Christie-blog.png Janelle Christie Senior Associate Costa Rica E-mail As part of the initiative led by the firm Miller & Chevalier to periodically evaluate the impact of corruption on business in the region, the Survey on Corruption in Latin America 2024 was published, the results of which were discussed and analyzed on April 25 by…
Category Archives: Blog
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…
Analysis, Blog, Costa Rica, Environmental, Social and Governance (ESG)
New Regulations to the Water Law accelerate Water Department procedures
25
Jun
Jun
Authors https://blplegal.com/wp-content/uploads/2024/06/FOTO-Art-Ley-de-Aguas-Luis-Palacios.png Luis Palacios Director Costa Rica E-mail On June 12, 2024, a new Regulation to the Water Law entered into effect, including various changes that favor citizens by streamlining and developing procedures that had become obsolete because the Water Law was issued in 1942, and lacked congruence nowadays. Below, we will summarize the main…
25
Jun
Jun
Authors https://blplegal.com/wp-content/uploads/2024/06/Art-Responsabilidad-penal-de-las-personas-juridicas_FOTO.png Fernando Zelada Director Guatemala E-mail Under the basic principles of criminal law, only individuals can commit crimes. Legal entities themselves cannot do so. However, legal entities can incur criminal liability, whether through intent or negligence, due to the actions or omissions of their directors, managers, executives, representatives, administrators, officials, or employees who have…
Analysis, Blog, Business Law, Costa Rica
New Regulations for the Transparency Registry and Final Beneficiaries: Main Changes and Legal Considerations
21
Jun
Jun
Authors https://blplegal.com/wp-content/uploads/2024/06/Articulo-RTBF-CR-2024_Adriana-Castro.png Adriana Castro Partner Costa Rica E-mail https://blplegal.com/wp-content/uploads/2024/06/Articulo-RTBF-CR-2024_Elena-Foltran.png Elena Foltrán Associate Costa Rica E-mail Under the regulations on Transparency Registration and Final Beneficiaries in Costa Rica, legal entities and other legal structures domiciled in the country, administrators of third-party resources on behalf of their clients, non-profit organizations, and private trusts, including foreign trusts that…
Advertising, Marketing & Consumer Protection, Blog, Honduras, News
Law for the Control and Regulation of Energy Drinks in Honduras
19
Jun
Jun
On June 6, 2024, the Law for the Control and Regulation of Energy Drinks, decree no. 46-2024, was published in the Gazette. The law establishes regulations for selling and marketing energy drinks to people under 18. An Energy Drink is a non-alcoholic functional drink with a stimulating effect and a special combination of characteristic ingredients…
19
Jun
Jun
Below, we share a list of interesting news that comments on the qualities of why Costa Rica is one of the best tourist destinations in the world in 2024: https://www.travelandleisure.com/destination-of-the-year-costa-rica-2024-8362021 https://www.thetravel.com/top-retirement-destination-2024-costa-rica/ https://www.traveloffpath.com/5-reasons-this-beautiful-central-american-destination-is-breaking-all-tourism-records/ https://www.travelinglifestyle.net/7-incredible-hidden-gems-to-visit-in-costa-rica-in-2024/ https://www.cntraveller.com/gallery/best-time-to-visit-costa-rica 14 Best Hotels and Resorts in Costa Rica Here Are The Best Things To Do In Costa Rica https://www.travelandleisureasia.com/hk/destinations/central-and-south-america/best-things-to-do-in-costa-rica/ The Best…
Blog, Costa Rica, Environmental, Social and Governance (ESG)
BLP receives Carbon Neutral Plus Certification
18
Jun
Jun
At BLP, we are proud to share a new milestone in our continued commitment to environmental sustainability: our ninth Carbon Neutral Plus certification. This is the highest category possible in the Carbon Neutrality Country Program, a recognition that not only certifies our demonstrated carbon neutrality, but also the implementation of additional measures to reduce the…
Blog, Costa Rica, News, Public Law, Public Procurement & Regulation
Tender for the critical care tower of the Costa Rica Children’s Hospital
17
Jun
Jun
On May 21, 2024, the Caja Costarricense del Seguro Social (CCSS) published in the SICOP platform the request of proposal number 2024LY-000005-0001101107, for the Design, Construction, Equipment and Maintenance of the Critical Care Tower for the Children´s National Hospital, Dr. Carlos Luis Saénz Herrera, under the turnkey modality, publicly known as “Torre de la Esperanza…
Banking & Finance, Blog, Guatemala, News
BLP advised IDB Invest and Finance in Motion on the investment in sustainable bonds to be issued by Banco Promerica in Guatemala
17
Jun
Jun
Banco Promerica’s public bond issue is the first such debt in Guatemala. It represents a significant investment project with the purpose of financing projects focused on protecting the environment and counteracting the effects of climate change. This issuance is part of a program in which Banco Promerica received approval from the Monetary Board of Guatemala…