In a follow-up to the creation of the Final Beneficiary Registry (FBR) in August, on September 30, 2020, the National Registry Office issued an informative circular addressed to companies and the private sector. The circular indicates to all companies, and before the entry into force of the FBR, the necessity to update their basic information* in the…
Category Archives: Blog
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As of March 1, 2021, no person may access an early retirement with the right to a reduced pension under articles 5 and 24 of the Disability, Old-age and Death Insurance Regulations. * Since the publication of the amendment to the indicated Regulation, a gradual change in the right to early pension was established as…
At BLP, Blog
BLP advised IDB Invest on a $60 million loan to support women-owned or led small and medium-sized enterprises (SMEs).
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On August 25, 2020, IDB Invest granted BAC in El Salvador a senior unsecured 5-year loan for $60 million. BLP’s Banking and Finance team led by Mariana Nochez and Hunton Andrews Kurth (Washington DC) advised the lender. BAC will use the loan proceeds for the Mujer Acelera (Woman Accelerates) program. This is an initiative created in 2007…
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Costa Rica is an ideal location for the cultivation of cannabis, giving the country a chance to be a key participant in the new so-called “Green Gold” market. If you are interested in exploring this new business opportunity and related commerce, our dedicated cannabis team shares the following content series. Business Opportunities in the Cultivation…
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Nowadays, technology has become an indispensable resource to continue operating, but although it represents advantages, it also implies potential threats that are just a click away. With this in mind, our Cybersecurity & Data Protection team presents a series of content in which we analyze the legal aspects in different areas that affect companies. Cybersecurity…
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Law that suspends VAT charge on construction services enters into force On September 16, 2020, Law N°9887, which suspends the Value-Added Tax on engineering, architecture, topography, and construction services for civil works until August 31, 2021, entered into force. Moreover, for the years 2021 and 2022, the law reduces the VAT charge to 4% and…
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At BLP, we believe that we are experiencing a revolution in the way of doing business, that’s why our specialists are available to accompany you in the process to make the leap to e-commerce. See our series of resources on e-commerce below: Ready to leap into e-commerce? E-commerce: areas of legal care. Intellectual Property aspects…
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We are aware that the current situation demands companies to rethink how to approach labor relations, with this in mind, BLP’s regional Labor & Employment team analyzes the new labor reality in Central America in the face of economic reactivation processes in the next series of content. Labor challenges to employers in Central America. Application…
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BLP established a sustainability strategy that articulates all its efforts aimed at contributing to the human and social development of the communities in which our business operates. Learn more about our commitment through the following content series: Sustainability by BLP: The Firm´s commitment. BLP Environmental Management Program. Facebook LIVE: Inspiring Girls, supporting gender equity. Gender…
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On September 8, 2020, the Nicaraguan National Assembly approved the proposed reform of Law 532, a law for the promotion of electricity generation with renewable sources. Since its approval in 2005, this law has undergone several reforms through which the tax incentives that were initially given to electricity generation projects from renewable sources have been…