From October 15-25, 2019, Irene Aguilar, BLP Director of Sustainability, participated in the workshop discussion Towards Respect for Human Rights in Business Activities at the XXXVII Interdisciplinary Course on Human Rights at the Inter-American Institute of Human Rights, in San José, Costa Rica. This course, which is held annually, is the most important human rights…
Category Archives: Blog
Blog, News
Reform to the Law of the Financial Analysis Unit to reaffirm the inclusion of Lawyers and Notaries Public as Obligated Subjects in Nicaragua
21
Oct
Oct
On October 7, 2019, the full and amended text of Law 976, Law of the Financial Analysis Unit, was published. The reform was carried out by law 1,002 that was published on September 13 and follows the same policy line as Law 977, Law Against Money Laundering, passed a month earlier. This new reform closes…
13
Sep
Sep
In today’s market, a company can implement several types of Compliance programs and the application and scope of each vary according to the needs and requirements of the business. In general, in Nicaragua, we are all obliged to comply with the law and all criminal, tax, civil, labor regulations, as well as the specific regulations…
23
Aug
Aug
“Clauses agreed upon without due care may bring penalties to companies” The non-compete clause is a contractual obligation widely used in the business universe and can be perfectly valid and applied to different types of contracts, whether they are governed by labor law, commercial law and even antitrust law. However, a non-compete provision must meet…
23
Aug
Aug
The yo-yo, chicle, velcro, and jacuzzi seem to have nothing in common. However, all share the ignominy of having been trademarks that became common nouns. That is why, for example, when mentioning a jacuzzi, one may think of a “hydromassage bathtub” (definition given by the Royal Spanish Academy) and not associate the word with a…
23
Aug
Aug
Since the entry into force of the Law for the Protection of the Person against the Processing of their Data (Data Law), the importance of this topic in Costa Rica has increased. Likewise, the risk assumed by companies when handling personal information is increasing. In the past year alone, the Data Protection Agency (PRODHAB) has…
23
Aug
Aug
The way in which companies promote their products has changed. Currently, to the detriment of traditional advertising channels, many companies resort to the use of opinion leaders or “influencers” on social media to promote their brand. This practice has created a boom for some persons such that a tweet or publication on Twitter or Facebook…
21
Aug
Aug
Generally, a person invests in a corporation to obtain, eventually, economic advantages. The right to the dividend is acquired inherently, by virtue of being a shareholder, in a commercial company. The doctrine has classified it as a patrimonial right (with economic content) that the shareholder has against the corporate entity, unlike political rights (for example,…
21
Aug
Aug
GAZETTE SUMMARY EXECUTIVE DECREES Applicable depreciation for photovoltaic panels The list of assets included in the Annex No. 2 of the Regulations to the Income Tax Law named “Depreciation Method and Percentages” was amended with the aim of acknowledging depreciation as a tax-deductible expense for Income Tax purposes as follows: Asset or activity Annual…
21
Aug
Aug
It is necessary to go back to September 1999, during the Rodríguez Echeverría administration and as part of the “National Concertation Forum”. The convenience and necessity of de-monopolizing the insurance market in order to open it up to private competition were discussed. For promoters, the opening of the insurance market in Costa Rica would improve…