On May 20, 2024, the Diario Oficial La Gaceta of Honduras published the Agreements SAR-236-2024, 237-2024, 238-2024, 239-2024, and 240-2024, which contain modifications to the way certain tax declarations are submitted and their respective deadlines. The most notable aspect is the implementation of the new Virtual Office of the Revenue Administration Service (SAR). According to…
Category Archives: Blog
Blog, Costa Rica, Free Trade Zones, News
Customs Update: Modification in tariff duties on the importation of paddy and milled rice
10
Jun
Jun
The General Directorate of Customs, through the resolution of general scope MH-DGA-RES-0936-2024, dated June 4, 2024, issues provisions on a new modification to the customs duties on grain and milled rice, in compliance with the resolution reached by the Court of Appeals for Administrative and Civil Litigation of the Treasury, as described in ruling No….
07
Jun
Jun
BLP has advised CAF (Development Bank of Latin America and the Caribbean), a multilateral financial organization, on its second bond issuance in Costa Rica, amounting to ¢47,250,000,000, equivalent to USD 94 million with a 6.35% coupon and a term of eight years, as structured by Citi and BCR Valores Puesto de Bolsa. With this issuance,…
Blog, Costa Rica, Labor & Employment, News
Law on the Protection of Whistleblowers and Witnesses of Acts of Corruption against Labor Retaliation
03
Jun
Jun
On February 8, 2024, Costa Rica passed a law to protect persons who report acts of corruption and the witnesses of those who report, which applies to both the public and private sectors. From the labor perspective, this law introduces a special protection jurisdiction and a series of measures to ensure that whistleblowers and witnesses…
Blog, Costa Rica, Labor & Employment, News
Changes to the Law Against Sexual and Labor Harassment in Employment and Teaching
03
Jun
Jun
In Costa Rica, some significant changes were recently made to the current law on labor and sexual harassment in employment and teaching. These changes seek to improve the effectiveness of the investigation process when it comes to notifying the opening of processes. The following provisions are the main adjustments to this Law: The workplace must…
Blog, Business Law, Costa Rica, News
BLP advises Evertec on a strategic acquisition that boosts the digital payments market in Costa Rica
30
May
May
BLP advised Evertec in the acquisition of 100% of the share capital of Zunify Payments, Ltd., a company dedicated to the business of financial operations by electronic means, providing a payment network that interconnects consumers, companies, and issuing and acquiring financial institutions, all through the Zunify Platform. Zunify is a fintech company founded by Costa…
24
May
May
Reform to articles 110, 111, and 111 bis of the Regulations to the Free Zone Regime Law The Ministry of Foreign Trade, through decree No. 44447-COMEX-H, issued reforms to articles 110, 111, and 111 bis of the Regulations to the Free Zone Regime Law. The reforms introduce changes to customs procedures in inventory operations, recycling,…
At BLP, Blog, Costa Rica, El Salvador, Guatemala, Honduras, News, Nicaragua
BLP renews its brand: the new face of corporate legal advice in Central America
23
May
May
May 23, Central America. BLP excitedly announces the official launch of its new brand image. This precise and modern change reflects everything that BLP represents while reaffirming its commitment to excellence in corporate legal advice. Since our founding in 2003, BLP has redefined legal services in the region by acting as true allies that constantly…
16
Feb
Feb
2023 was undoubtedly a year of significant changes in the Foreign Direct Investment (FDI) attraction model that the country had sustained for years. Although it is still premature to evaluate the results of these changes, the beginning of the year always gives us the impetus to review in retrospect the work carried out in the…
Blog, Global Mobility & Relocation, Guatemala, News
The Congress of the Republic of Guatemala approves initiative 5082, which contains the “Framework Law for Consumer Defense and Protection”
15
Feb
Feb
With 122 votes in favor, the Guatemalan Congressman have approved initiative 5082, “Framework Law for Consumer Defense and Protection.” This approval marks a significant milestone for the country and its commitment to protecting consumer rights and clarifies procedures. This new regulation, which aims to replace the current Consumer and User Protection Law, seeks to regulate…