Category Archives: Blog

Costa Rica as a haven for life science companies

The life sciences sector has been one of the areas most impacted by COVID-19. On the positive side, certain related products and devices experienced unexpected demand in the past year, thus increasing sector progress. On the negative side, the coronavirus led to the interruption of research and development in fields unrelated to the pandemic creating…

BLP advises IDB Invest in the granting of a loan to Calox de Costa Rica

BLP has advised IDB Invest, a member of the IDB Group, in the granting of a loan of $14 million to Calox de Costa Rica S.A. (Calox).  The loan enables Calox to obtain substantial improvements in its productive capacities and seek international certifications that validate the quality of its products, affording access to new markets….

Rapprochement with the United States opens new routes for foreign investment in the northern triangle of Central America.

The Vice President of the United States of America, Kamala Harris, visited Guatemala on June 6 and 7, 2021. During her visit, she highlighted issues such as the illegal migration of people to her country, state corruption in Guatemala and the promotion of employment formal as an appropriate way for the sustainable development of Guatemalans….

Anticorrupción en la Región: El Departamento de Justicia de los Estados Unidos se enfoca en Centroamérica

The US Department of Justice announced on June 7, 2021, an initiative focused on fighting corruption and other criminal activity in Central America, which will be centered for the time being on the Northern Triangle countries of El Salvador, Honduras, and Guatemala. The press release announcing the initiative said the efforts will feed into its…

Extension of the reduction of working hours for the tourism sector of Costa Rica

Approval of the extension of the period authorizing the reduction of working hours for the Tourism Sector, due to the Declaration of National Emergency. On May 21, 2021, Law 9982 went into effect allowing employers in the Tourism Sector who demonstrate that they are still economically affected by the pandemic to request the reduction of…

BLP advises on the largest placement of green bonds by a 100% renewable energy company in Central America and the Caribbean

The BLP Costa Rica team advised Citigroup Global Markets Inc. and J.P. Morgan Securities LLC on the issuance by Investment Energy Resources Limited of $700 million in Secured Notes with a Fixed Rate of 6.250% maturing in 2029. The firm also advised Banco Latinoamericano de Comercio Exterior, SA, Banco Industrial, SA, Westrust Bank (International) Limited,…

BLP Business Hub

At BLP, we believe that a revolution has begun in the way we do business. Our specialists are available to guide you through the region’s economic reactivation process. Watch our series of content below. Global Mobility & Relocation: Central America: The region of new opportunities. Learn what you need to leap into e-commerce. Occupational Health and…

BLP advised IDB Invest in the financing of the first Floating Storage and Regasification Unit (FSRU) in El Salvador.

The project involves the purchase and conversion of a liquified natural gas (“LNG”) carrier to a Floating Storage and Regasification Unit (“FSRU”). The FSRU will be permanently moored at the port of Acajutla in Sonsonate, El Salvador, to provide liquified natural gas regasification services to Energia del Pacifico Limitada de C.V. (“EDP”), a 378-megawatt combined…

BLP celebrates International Data Privacy Day by fostering an awareness of our personal information

Today, January 28, we observe the signing of the 108th Convention of the Council of Europe, the first international instrument on the protection of privacy and personal information, by analyzing the actions companies in Costa Rica should take in order to comply with the provisions of the Law on Personal Protection against the Processing of…