1. Central Bank – Monetary Policy Measures – The Boards of Directors of the Central Bank of Costa Rica has approved the following measures: A reduction of the Monetary Policy Rate (“TPM” for its acronym in Spanish) by 100 basis points, to 1,25% annually, applicable as of March 17, 2020; A reduction of the interest…
Category Archives: Blog
24
Mar
Mar
The new Law of the Republic determines a moratorium on the payment of VAT, income tax advance payments, excise tax and import duties, during the months of April, May and June 2020. Upon the completion of the moratorium, taxpayers must pay the Ministry of Treasury the total amount due for taxes that should have been…
23
Mar
Mar
The government of Costa Rica, as a precautionary sanitary measure against the spread of COVID-19, has issued a new country wide mandatory order to close access to all Costa Rican beaches. Although several Municipalities had issued this measure in the last days, this is now mandatory for all the country. Non-compliance with these provisions shall…
22
Mar
Mar
Faced with the pandemic of the COVID-19 virus, many companies will inevitably have cases of employees and/or clients affected by the virus. Some of these cases may be detected with appropriate measures to react effectively and prevent further harm. These preventive measures necessarily involve obtaining and managing personal information from potential affected persons. For this,…
22
Mar
Mar
In light of the national emergency we are living caused by the spread of the coronavirus (COVID-19), at BLP we have developed this communication to hep inform our clients on the most important factors to take into consideration in the workplace for their companies. Starting Sunday, March 15 at 11:59 pm, the Honduran Government decreed…
19
Mar
Mar
As a consequence of the situation we are experiencing related to COVID-19, companies have taken a series of measures to try to avoid definitive dismissal of employees or even the complete cessation of operations. Among those measures is the suspension of employment contracts. Below we present in question and answer format, the most important issues…
18
Mar
Mar
Travel, retail, cross-border transportation, manufacturing, agribusiness, and investment, in general terms, have been heavily impacted by health threats of the Coronavirus. Chinese companies have encountered unforeseen situations that make them unable to comply with contractual obligations leading to inevitable default in economic obligations. Unfortunately, the worldwide situation may become as bad or worse. The number…
18
Mar
Mar
Given the accelerated global impact that the proliferation of the COVID-19 virus has generated, the need has arisen for organizations and work centers to implement preventive measures, where clear action protocols are established. On Thursday March 12, BLP held the webinar “Consejos legales para enfrentar al Coronavirus”, to share the fundamental aspects that your company must take…
11
Mar
Mar
Competition between law firms is tough. With so many options to choose from, window shopping has become the norm for many GCs looking for external counsel in Latin America. Loyalty is important to GCs, but legal teams are not afraid to shake things up and shop around for the best fit for their company. The…
13
Feb
Feb
Law No. 1,012, published on 12-19-2019, reforms the articles of Law No. 286 Special Law on Exploration and Exploitation of Hydrocarbons. Law No. 286 is the norm that regulates the exploration, drilling and other activities related to the search and potential extraction of oil, gas and other hydrocarbons in Nicaraguan territory. The main objective of…