BLP, renowned for its prowess as legal counsel, has provided pivotal advice in a US$350 million loan transaction granted to Grupo Unicomer by a pool of syndicated banks, where several subsidiaries of Unicomer in LATAM and the Caribbean have acted as guarantors. Our legal guidance spanned the entire process, from negotiations to signing the credit…
Category Archives: Blog
Blog, Costa Rica, Intellectual Property, News, Sanitary Registration of Products
New requirements and procedures for the classification, registration, import, labeling, advertising, and surveillance of biomedical equipment and material
13
Nov
Nov
On September 9, 2023, the new RTCR 505: 2022: BIOMEDICAL EQUIPMENT AND MATERIAL. CLASSIFICATION, REGISTRATION, IMPORT, LABELING, ADVERTISING, SURVEILLANCE, AND CONTROL came into effect, establishing requirements and procedures for the classification, registration, import, labeling, advertising, and surveillance of biomedical equipment and material. Under this new regulation, the following documents, which were not previously requested by…
Blog, Costa Rica, Global Mobility & Relocation, News
Extension of the time of entry visa for tourist group 1
31
Oct
Oct
The General Directorate of Immigration and Foreign Affairs decrees* that visitors from the 60 countries corresponding to group 1 of tourist visas for entry to Costa Rica may have their stay time extended from 90 calendar days to 180 calendar days, as established by the following modification: “Article 2—Modify article 8 of the Regulation for…
Blog, Business Law, Costa Rica, News
BLP advised CMI on the acquisition of Corporación AUG in Costa Rica
26
Oct
Oct
BLP has played a fundamental role in the acquisition of Corporación AUG by CMI in Costa Rica. This sweeping transaction involved a series of critical stages and a diverse group of sellers, marking a significant milestone for CMI in the country following the devastating fire at its plant in early 2023. The firm’s advice covered…
Analysis, Blog, Environment, Health & Safety, Environmental, Social and Governance (ESG), Guatemala
Regulatory harmonization: The pending solution for garbage disposal in Guatemala
25
Oct
Oct
In Guatemala, the complexity of waste management is not only restricted to logistical aspects or citizen awareness; the root of the challenge lies primarily in the country’s legal infrastructure. The absence of unified regulations for waste treatment and disposal has resulted in a mosaic of practices that, instead of solving the problem, aggravate it. This…
Blog, Costa Rica, News, Public Law, Public Procurement & Regulation
Temporary suspension of SICOP from october 19 to 22, 2023
18
Oct
Oct
Please be informed that SICOP will be suspended on Thursday, October 19 at 6:00 p.m. until Sunday, October 22, 2023 at 11:59 p.m. During the suspension period, users will not have access to the platform, precluding them from paying invoices, releasing guarantees, publishing solicitations, or performing any other system procedure. SICOP makes the following communication…
Analysis, Blog, Guatemala
The Challenge of Port Investment in Guatemala: The Need for Legal Certainty
12
Oct
Oct
The port infrastructure of a country is undoubtedly one of the pillars that sustains and enhances its economy. In this context, Guatemala, with its strategic geographical position, has extensive potential to consolidate itself as an important international trade center. However, in recent years, we have faced a reality that contrasts with this vision: an evident…
At BLP, Blog, News
BLP Receives Triple Honors at Latin Finance’s 2023 Project & Infrastructure Finance Awards
06
Oct
Oct
In a thrilling evening held in New York, distinguished project sponsors, infrastructure investors, financiers, and advisors from Latin America and the Caribbean convened to bear witness to the prestigious 2023 Project & Infrastructure Finance Awards ceremony. These accolades, which celebrate the most remarkable transactions and institutions within a domain vital for the region’s economic advancement,…
Analysis, Blog, Guatemala
Relocation of employees and expatriates to Guatemala: questions and answers for multinational companies
06
Oct
Oct
For multinational corporations eyeing expansion into the vibrant landscape of Central America, the transfer of employees and expatriates to Guatemala is an integral step. Yet, this process isn’t without its complexities, as it navigates through a maze of immigration regulations and requisites. In this comprehensive blog post, we aim to provide clarity and insight by…
05
Oct
Oct
Import Customs Declaration Self-rectification Policy Project in public consultation. The General Directorate of Customs issued a policy on the self-rectification of import customs declarations due to the entry into force of article 82 of CAUCA IV, article 333 of RECAUCA IV, article 90 of the General Customs Law and articles 251, 252, 253, 254 of…