New rules were established for the letter of exception to the sanitary vehicle restriction*: As of August 1, all letters of exception to the restriction of sanitary vehicles must be re-issued, indicating the new date on which they were written. These letters will be valid for two months, starting from their date of issue. Such…
Category Archives: Blog
01
Jan
Jan
BLP has advised the International Finance Corporation (IFC) on its participation with Banco La Hipotecaria in a $50 million funding to support the growth of residential mortgage lending to low and middle-income families in Panamá and El Salvador. In this cross-border transaction, governed by the laws of New York, Panamá, and El Salvador, the firm…
Blog, News
The Government of the Republic of Guatemala issues a Plan of National Strategy to reopen activities in the country
01
Jan
Jan
On June 2nd, 2020, the Ministry of Public Health and Social Assistance published the Ministerial Agreement 144-2020 which contains the national strategy for controlling the epidemic COVID-19 and the conditions of confinement to complement the presidential provisions dated May 31st, 2020 that were published on June 1, 2020 and which ratified the validity of the…
01
Jan
Jan
From Friday, April 3 to Tuesday, April 7, restrictions on vehicle circulation will be extended from 5:00 p.m. to 5:00 a.m. throughout the national territory (see chart below). The following exceptions apply: Long-distance public transportation covering more than 75 kilometers will be limited to two departures daily. Establishments operating with sanitary permits for direct service to the public…
01
Jan
Jan
Opening of Mercantile Registries located in the Chamber of Commerce and Industries of Cortés and Chamber of Commerce and Industries of Tegucigalpa The Property Institute informs the population that the Commercial Registries located in the Chamber of Commerce and Industries of Cortés and the Chamber of Commerce and Industries of Tegucigalpa will open their doors…
01
Jan
Jan
On Saturday, March 21, 2020, the Legislative Assembly of Costa Rica approved the law that allows employers to reduce the hours and wages of workers, as a measure of relief and support in the face of the Coronavirus pandemic. The law is to give an employer the ability to cut wages and hours by 50%,…
At BLP, Blog
BLP offers the Private Clients & Estate Planning practice area in Central America to its clients and friends
01
Jan
Jan
As we face the worldwide COVID-19 crisis, the need to document the fate of an individual’s estate through the corresponding legal formalities is now more important than ever. After the effort of years of work, the accumulated assets that make up a person’s heritage merit careful consideration on how to preserve and eventually distribute the…
01
Jan
Jan
Environment Incentive Law for the Import and Use of Electric and Hybrid Means of Transportation. On September 24, 2020, the Legislative Assembly approved Legislative Decree number 738, enacting the Incentives Law for the Importation and Use of Electric and Hybrid Means of Transportation. The purpose of this law is to promote the use of electric…
01
Jan
Jan
As previously indicated, the deadline to file the 2020 sworn statement for the Transparency and Final Beneficiaries Registry was initially moved up to September, 2020. The Tax Authorities and the Costa Rican Drug Institute, however, issued a new resolution, in light of the continuous irregular situation generated by COVID-19. This new resolution, numbered DGT-ICD-R-19-2020, ordered…
01
Jan
Jan
At BLP we are proud to quote one of our clients that “Successful businesses cannot exist in failed societies”. We recognize that our success depends on keeping the societies in which we work functioning and robust. As a vital part of our mission, we seek to safeguard our environment and exercise leadership within the business and geographical…