The Government of Costa Rica published the Regulation to the Law to attract Workers and Remote Service Providers of International Character, better known as Digital Nomads, which seeks to regulate the activity of those foreign persons who are authorized to enter and stay in the country under the migratory category of Non-Resident, Subcategory of Stay,…
Category Archives: Blog
11
Jul
Jul
BLP has advised Banca de Inversión Bancolombia S.A., Banco Agrícola, S.A., and other local and foreign banks on a syndicated loan for up to $348 million, to the AES group. AES is the primary power distributor in El Salvador, and among the group of companies in El Salvador that benefited from this syndicated loan are…
06
Jul
Jul
BLP is pleased to announce the incorporation of Rodrigo Cubero, renowned lawyer and economist, as Senior Counsel. Rodrigo has a PhD in Economics from the University of Oxford, as well as degrees in law and business. He was President of the Central Bank of Costa Rica (BCCR) during the period 2018-2022. He served in senior…
Analysis, Blog, Costa Rica, Sanitary Registration of Products
Frequently asked questions about the Sanitary Registration of Products in Costa Rica
29
Jun
Jun
BLP´s Sanitary Registration of Products practice group compiles the FAQ for marketing products locally and the permits required. The skill and experience of our lawyers and technical experts are without rival in Central America. By combining proven procedures with innovative initiatives, we provide the best regional service in Regulatory Law. The following guide applies to…
Blog, Costa Rica, International Trade, News
The Reform to the General Customs Law in Costa Rica is published
29
Jun
Jun
On Wednesday, June 29, 2022, Bill No. 22 364, reforming the General Customs Law No. 7557, was published in Scope No. 132 of La Gaceta No. 121, entering this reform into law as of June 29, 2022, the date of its publication. Logistics operators must understand the changes that the reform introduces to avoid non-compliance…
At BLP, Blog, Business Law, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua
BLP advises Barentz International on the acquisition of Divsa in Central America
29
Jun
Jun
BLP has advised its client, Barentz International, a global distributor of ingredients in the life sciences industry, on the acquisition of 100% of the shares of Distribuciones Industriales Variadas, S.A. (Divsa) in a significant transaction involving eight jurisdictions (Guatemala, El Salvador, Honduras, Costa Rica, the Dominican Republic, British Virgin Islands, Panama, and Mexico.) Divsa is…
At BLP, Blog, El Salvador
BLP advised IDB Invest on a $70 million subordinated loan to Banco Agrícola S.A. in El Salvador
23
Jun
Jun
BLP advised IDB Invest on all matters related to closing a $70 million unsecured subordinated loan to Banco Agrícola S.A. of El Salvador. Banco Agricola will use the loan proceeds to support its supplementary capital structure and for the origination of sub-loans to small and medium-sized enterprises in El Salvador, with an emphasis on Salvadoran…
21
Jun
Jun
Luis Ortiz Partner Costa Rica | [email protected] Gloriana Alvarado Senior Associate Costa Rica | [email protected] The famous English economist John Hicks was once asked: What is monopoly? The Nobel Prize winner replied: The quiet life (Hicks, 1935). On the other hand, competition, as the famous American judge Learned Hand said at the time, is constant…
21
Jun
Jun
As of June 16, the presentation of a negative RT-PCR test for COVID-19 is no longer necessary to enter Nicaragua. This exemption also applies to aircrews and passengers. The only requisite to enter the country is to present a complete schedule of two doses of any vaccine approved by the WHO or registered within the…
At BLP, Blog, El Salvador
BLP has advised IDB Invest on the first issuance of Sustainability Bonds in El Salvador
20
Jun
Jun
IDB Invest and Banco Promerica S.A., El Salvador (Banco Promerica) joined forces to issue the first Sustainability Bonds in El Salvador to finance green and social projects. BLP acted as legal advisor to IDB Invest in El Salvador during the transaction. IDB purchased the entire first tranche of $20 million out of a $100 million…