Category Archives: Blog

BLP – TAX NEWS ONLINE MAY, 2018

GAZETTE SUMMARY BILL OF LAW Strengthening of Public Finances – Tax Reform The bill of law to transform the current Sales Tax into a value-added tax was approved by the Treasury Commission of Congress on April 10, 2018, and transferred to the Plenary for a continuation of the legislative process.  If enacted, the value-added tax…

BLP advises BMR Energy on Valle Escondido Solar Project in Costa Rica

The BLP team advised BMR Energy, a subsidiary of Sir Richard Branson’s Virgin Group, on closing the $7 million acquisition of the Valle Escondido Solar Project, the only solar project of its size in Costa Rica, a significant investment in the country’s renewable energy. Under the new structure, BMR Energy will assume the construction and…

Extension of the vehicle restriction from April 13 to April 30

Weekdays: Restrictions applicable Monday to Friday from 5:00 am to 7:00 pm (with exceptions – see attached communication): Monday – Vehicles with a license plate or AGV permit ending in 1 and 2 do not circulate. Tuesday – Vehicles with a plate or AGV permit ending in 3 and 4 do not circulate. Wednesday – Vehicles…

Application of technology in Labor Relations From Costa Rica

From a legal perspective, it is considered that the laws are constantly changing, which requires that the Companies frequently update their knowledge and internal regulations. Nevertheless, the evolution of technology is faster than the evolution of the laws that regulate the labor relationships, because they do not go head to head and this is reflected…