To provide the timeliest service to clients with business operations in the coastal area of Guanacaste, Costa Rica, BLP opens a new office in the beach community of Las Catalinas. The new location will focus on real estate transactions under the direction of BLP’s renowned Real Estate & Hospitality practice, made up of specialists in…
Category Archives: Blog
At BLP, Blog
BLP advised IDB Invest on an important financing project in El Salvador that will contribute towards securing energy efficiency and cost savings.
18
Aug
Aug
BLP has advised IDB Invest, the private arm of the Inter-American Development Group, on an important financing project in El Salvador. As administrator to the Canadian Climate Fund for the Private Sector in the Americas, IDB Invest has agreed to grant loans to Capella Solar S.A. de C.V. and Providencia Solar S.A. de C.V. – both affiliates of Neoen, the project’s Sponsor- to finance…
12
Aug
Aug
Digital nomads can now establish their “offices” at Costa Rica’s beaches, in the mountains, near volcanoes, or within a variety of ecosystems. The country recently signed a pioneering law of a singular kind to attract workers and remote service providers on an international scale. With these new regulations, Costa Rica has instituted an ideal legal…
02
Aug
Aug
The Constitutional Court has declared as without merit the actions brought against the Regulations of Convention 175 of the International Labor Organization (ILO) on Part-Time Work issued through Government Agreement 89-2019 of the President of the Republic. As a result, the Regulations on Part-time Work are now in effect, raising questions about part-time hiring including…
28
Jul
Jul
“The illiterate of the 21st century will not be those who cannot read or write, but those who cannot learn, unlearn and relearn” Alvin Toffler. We learned labor law as a branch of legal sciences, a summation of concepts and theories, that little by little has been clashing with reality. Labor law structured for a…
20
Jul
Jul
BLP has advised NEDERLANDSE FINANCIERINGS-MAATSCHAPPIJ VOOR ONTWIKKELINGSLANDEN N.V. (“FMO”) on its $60 million funding alongside BANCO LA HIPOTECARIA, S.A. (Panama) y LA HIPOTECARIA, S.A. DE C.V. (El Salvador). BLP’s role was to advise FMO in the review of the facility agreement under local law and execution thereof, the preparation of all documentation, and the planning, negotiation,…
14
Jul
Jul
BLP advised the seller, Grupo Orbis (Pintuco), on this regionally impactful transaction employing attorneys from each of our offices in Costa Rica, Nicaragua, Honduras, El Salvador, and Guatemala, as well as coordinating with lawyers in Panama. Besides conducting due diligence in the jurisdictions of Central America, BLP also analyzed the competition in each of the countries and if required…
08
Jul
Jul
On July 6, 2021, the Minimum Wage National Council approved the respective decrees to increase the minimum wage for all sectors of the economy including commerce, services, industry, textile maquilas, agroindustry, and agriculture. The decrees were submitted to the Executive Branch for final approval and publication in the Official Gazette. According to governmental authorities, the…
At BLP, Blog
BLP has advised Inversiones Financieras Grupo Azul on the acquisition of Banco G&T Continental in El Salvador
07
Jul
Jul
BLP has advised its client Inversiones Financieras Grupo Azul, S.A (“IFGA”) on the acquisition of the shares of Banco G&T Continental El Salvador, S.A. and its subsidiary G&T Continental, S.A. de C.V., Casa de Corredores de Bolsa. BLP’s advice included: Everything related to the due diligence process on the target. The structuring of the transaction….
29
Jun
Jun
The General Directorate of Taxation of Costa Rica has issued a communication that establishes the classification criteria to qualify as a Large Taxpayer (Resolution of the General Directorate of Taxation No. DGT-R-22-2021 Taxpayers who meet any of the following qualifications will be under the jurisdiction of the Directorate of Large National Taxpayers: Paid average taxes…