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…
Category Archives: Blog
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…
15
Feb
Feb
Obligation for Large Taxpayers to present audited financial statements The General Directorate of Taxation reformed Resolution DGT-R-46-2014*, regarding the obligation of Large National Taxpayers to present financial statements audited by an Authorized Public Accountant. In this way, those Large Taxpayers who, at the close of their fiscal period, determine a zero-profit tax, must provide, without…
Banking & Finance, Blog, Business Law, El Salvador, News
BLP advised Bancolombia and a consortium of Banks on a Syndicated Loan for US$700 Million
15
Feb
Feb
BLP has advised a group of several first-line creditors, including Banks from the following financial groups: Bancolombia, Davivienda, BAC, Aval, Banco Industrial, and Banco General, on a syndicated loan for US$700 million, granted to Grupo Calleja, the leading grocery retailer in El Salvador. The credit facility’s primary purpose is the acquisition by Grupo Calleja of…
Blog, Environmental, Social and Governance (ESG), Guatemala, News
Green Power: How ESG Practices Transform Corporations
14
Feb
Feb
ESG (Environmental, Social, and Governance) practices are becoming increasingly important. These three pillars, ranging from environmental sustainability and social responsibility to ethics in corporate governance, represent a change in how companies evaluate and conduct their operations. ESG practices are not just isolated or complementary initiatives. They are becoming essential components of business strategy. Their integration…
Blog, Costa Rica, Intellectual Property, News
Update of new RTCA for cosmetics in Central America, including Panama.
06
Feb
Feb
As of February 5, the new RTCA for registering cosmetic products will come into force, for which the following information must be included: In case a laboratory that is not a subsidiary or member of the same group is employed, a Manufacturing Contract (or manufacturer’s power of attorney as used in the case of Costa…
Analysis, Blog, Costa Rica, Real Estate & Hospitality
Condominiums in Tourist Marinas: Costa Rica’s new development opportunity
01
Feb
Feb
As part of the natural process of evolution of any real estate project, opportunities for diversification, structuring, and offering new real estate products arise over time. In Costa Rica, tourist marinas have been a clear example of how the natural conditions of a country, in our case, the coasts, can assertively enable the commercial and…