Category Archives: Blog

How does the container crisis affect international trade?

By Shermine Elizondo BLP Associate, specialist in Customs Law [email protected] We have heard a lot about the container crisis lately, but what does it mean, and how does it affect global trade and ultimately the consumer? The COVID-19 pandemic has had a series of negative impacts on the global economy such as closures of businesses…

¿Qué es la crisis de contenedores y cómo afecta al comercio internacional?

Por Shermine ElizondoAsociada BLP especialista en [email protected] Últimamente escuchamos hablar mucho sobre la actual crisis de contenedores, pero ¿qué significa esto realmente y cómo afecta al comercio global y en, última instancia al consumidor final? Con la pandemia del COVID-19 se ha dado una serie de impactos negativos en el ámbito económico mundial, debido a…

BLP has advised PROPARCO on a $30 million loan aimed at SMEs run by women in El Salvador

BLP has assisted PROPARCO in making an unsecured $30 million loan facility available to Banco Cuscatlan, S.A. The proceeds of the loan will be used by Banco Cuscatlán to make sub-loans to eligible sub-borrowers, including women-led/owned small and medium-sized enterprises in El Salvador. This transaction is intended to provide support to small and medium-sized companies…

BLP advised The Prudential Insurance Company of America and Cigna as lenders in a $115 million senior note private offering

BLP advised The Prudential Insurance Company of America and Cigna as lenders in a senior note private offering of an aggregate amount of $115 million. The private placement was purchased by one or more investment funds or managed accounts by Prudential Private Capital, Inc., and Cigna Investment Inc. Procaps´ subsidiaries, including Salvadoran subsidiaries Procaps S.A….

Costa Rica approves the Law of Attraction of Film Investments

The Legislative Assembly approved in a second debate the law that seeks to encourage film investments in the country. This Law declares as public interest the attraction of investments by the international film industry in Costa Rican territory, its promotion, and the generation of productive chains. The importance of this Law relies on the positioning…

David Gutierrez, Partner at BLP, Elected to the World Services Group 2021-2022 Board of Directors

BLP is pleased to announce that David Gutierrez, co-founding Partner based in Madrid, has been elected to the World Services Group (WSG) 2021-2022 Board of Directors. Mr. Gutierrez will serve a four-year term where he will work collaboratively with WSG leadership in assessing the strategic future and progress of the WSG mission and objectives. Mr. Gutierrez…

BLP: 5 years of transforming the legal profession in Guatemala.

Five years ago, the BLP law firm completed its regionalization process by arriving in Guatemala with a multidisciplinary team committed to the firm’s vision: to become true business partners of its clients. BLP’s success story began in 2003 in Costa Rica. The regionalization process of the firm began in 2014 with offices in Nicaragua and…

Executive Decree: Mandatory vaccination against COVID-19 in Costa Rica

The President of the Republic and the Minister of Health have issued a decree, which is expected to be published in the Official Gazette in the following hours, which establishes the obligation of public sector employees to be vaccinated against COVID-19 for employees of the public sector, as well as the possibility for employers in…

Update on the Final Beneficiary Registry in Nicaragua

The communication summarizes the legislative updates that impact commercial companies established in Nicaragua. The updates include a series of new obligations before the Public Mercantile Registry (RPM) and before the recently created Registry of Final Beneficiary (RBF). The RPM requires that all companies registered in Nicaragua must carry out an Update of Basic Information, which is…