Establishment Labs Holdings Inc. (NASDAQ: ESTA), a medical technology company focused on women’s health, initially in the breast aesthetics and reconstruction market, today announced that it has entered into a $225 million term loan financing facility with funds managed by Oaktree Capital Management, L.P. (“Oaktree”). BLP advised its client Oaktree Capital Management on all aspects…
Category Archives: Blog
Analysis, Blog
New regulations require companies to quantify and publish their carbon emissions globally
04
May
May
Luis Palacios Director Costa Rica [email protected] Over the past few months there has been a huge global increase in environmental compliance duties, to the point that, in the near future, all the companies listed on international stock exchanges would be required to publish their greenhouse gas emissions and explain the initiatives they are taking to…
Blog, Costa Rica, News
Extension of the term to present the Ordinary Declaration 2022 of Registry of Transparency and Final Beneficiaries
29
Apr
Apr
On April 29, 2022, the addition to the General Scope Joint Resolution for the Registry of Transparency and Final Beneficiaries No. DGT-ICD-R-06-2020 of March 26, 2020, was published in the Official Gazette. Through this addition, legal entities and trusts required to file the ordinary tax return for the 2022 period may do so in the…
Blog, Costa Rica, News
Authorization of remission for the formalization and collection of Social Charges
29
Apr
Apr
On April 25, 2022, the bill on the “Authorization of remission for the formalization and collection of Social Charges” was approved in a second debate, enabling the Costa Rican Social Security Authority, to carry out a remission of debt of employers and independent employees to the Costa Rican Social Security Authority for Sickness and Maternity…
28
Apr
Apr
On April 27, the Law to Strengthen Territorial Competitiveness that promotes the attraction of investments outside the Greater Metropolitan Area (GAM) was approved. At its entry into force, the law creates three new company categories to qualify for the free trade zone regime outside the GAM (except for the cantons of Palmares, Sarchí, Grecia, San…
28
Apr
Apr
On April 25, 2022, an amendment to article 9, subsection D, of the “Law to regulate teleworking” (Law 9738) went into effect through publication in the Official Gazette. The law was approved to guarantee respect for the personal and family privacy of employees after work, and to ensure the disconnection from employment during vacation periods…
Blog, Costa Rica, News
Nomad visa: the extent of the stay of digital nomads is officially interpreted
25
Apr
Apr
In a second (final) debate on April 21, the authentic interpretation of the Law To Attract Remote Workers And Providers Of International Services was approved, stipulating that the immigration benefit to be granted for one year means that applicants will be able to request and obtain a visa for a period of less than one…
22
Apr
Apr
Due to the cyber-attacks reported by the Ministry of Finance on April 18, 2022, which are affecting the Ministry’s computer systems, including the TICA System, and which affect the normal development of the procedures established for the entry, transit, export, and nationalization of goods, Costa Rica´s Directorate General of Customs has issued a series of…
21
Apr
Apr
On Monday, April 19th, 2022, the reform of articles 94, 94 BIS, 95, 96, 97, 100 and the addition of subsection K) to article 70 of the Labor Code were approved in the second debate. According to these reforms, paternity leave is created, and the following modifications are made to the law: The employer is…
20
Apr
Apr
By Federico Barrios Director Ethics & Anti-Corruption Specialist Nicaragua [email protected] Through the publication in June 2021 of the National Security Study Memorandum (NSSM-1), the president of the United States, Joe Biden, recognized international corruption as a major risk to his country’s security due to its ability to erode democracy and the rule of law in…