BLP has advised Grupo Unicomer on acquiring the consumer credit finance company CrediScotia Financiera, a subsidiary of Grupo Scotiabank in Peru. The transaction closing is still pending authorization from the Superintendency of Banking, Insurance, and AFPs (SBS), the Peruvian supervisor of financial entities. This acquisition will enable Grupo Unicomer to enter the Peruvian market. Grupo…
Category Archives: Blog
11
May
May
Today, May 11, 2022, the Decree 43544-S was published, corresponding to the mandatory use of a mask as personal protective equipment. Regarding this decree, it should be considered that: As of today, the state of emergency decree has not been revoked. The national emergency due to the pandemic continues and the employers in the private…
11
May
May
El día de hoy, 11 de mayo de 2022, se publicó el Decreto N° 43544-S, que se refiere al uso obligatorio de mascarilla como equipo de protección personal. Respecto a este decreto se debe mencionar que: El decreto de estado de emergencia no ha sido derogado al día de hoy. La emergencia nacional por la…
Blog, Costa Rica, News
BLP is awarded the Deal of the Year award by Latin Lawyer for its advice to Avianca to emerge from Chapter 11 process
06
May
May
Latin Lawyer announced the winners of its 16th annual Deal of the Year Awards at a charity dinner in São Paulo, Brazil, on May 5th. Our team was awarded for the excellence of its advice to Avianca when emerging from the Chapter 11 process. This award confirms once again BLP´s leadership in Central America Through…
At BLP, Blog
BLP advises Oaktree Capital Management in granting a US$225 financing facility to Establishment Labs
06
May
May
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…
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…