Authors https://blplegal.com/wp-content/uploads/2024/06/FOTO-Art-Ley-de-Aguas-Luis-Palacios.png Luis Palacios Director Costa Rica E-mail On June 12, 2024, a new Regulation to the Water Law entered into effect, including various changes that favor citizens by streamlining and developing procedures that had become obsolete because the Water Law was issued in 1942, and lacked congruence nowadays. Below, we will summarize the main…
Category Archives: Costa Rica
Analysis, Blog, Business Law, Costa Rica
New Regulations for the Transparency Registry and Final Beneficiaries: Main Changes and Legal Considerations
21
Jun
Jun
Authors https://blplegal.com/wp-content/uploads/2024/06/Articulo-RTBF-CR-2024_Adriana-Castro.png Adriana Castro Partner Costa Rica E-mail https://blplegal.com/wp-content/uploads/2024/06/Articulo-RTBF-CR-2024_Elena-Foltran.png Elena Foltrán Associate Costa Rica E-mail Under the regulations on Transparency Registration and Final Beneficiaries in Costa Rica, legal entities and other legal structures domiciled in the country, administrators of third-party resources on behalf of their clients, non-profit organizations, and private trusts, including foreign trusts that…
Blog, Costa Rica, Environmental, Social and Governance (ESG)
BLP receives Carbon Neutral Plus Certification
18
Jun
Jun
At BLP, we are proud to share a new milestone in our continued commitment to environmental sustainability: our ninth Carbon Neutral Plus certification. This is the highest category possible in the Carbon Neutrality Country Program, a recognition that not only certifies our demonstrated carbon neutrality, but also the implementation of additional measures to reduce the…
Blog, Costa Rica, News, Public Law, Public Procurement & Regulation
Tender for the critical care tower of the Costa Rica Children’s Hospital
17
Jun
Jun
On May 21, 2024, the Caja Costarricense del Seguro Social (CCSS) published in the SICOP platform the request of proposal number 2024LY-000005-0001101107, for the Design, Construction, Equipment and Maintenance of the Critical Care Tower for the Children´s National Hospital, Dr. Carlos Luis Saénz Herrera, under the turnkey modality, publicly known as “Torre de la Esperanza…
Blog, Costa Rica, Free Trade Zones, News
Customs Update: Modification in tariff duties on the importation of paddy and milled rice
10
Jun
Jun
The General Directorate of Customs, through the resolution of general scope MH-DGA-RES-0936-2024, dated June 4, 2024, issues provisions on a new modification to the customs duties on grain and milled rice, in compliance with the resolution reached by the Court of Appeals for Administrative and Civil Litigation of the Treasury, as described in ruling No….
07
Jun
Jun
BLP has advised CAF (Development Bank of Latin America and the Caribbean), a multilateral financial organization, on its second bond issuance in Costa Rica, amounting to ¢47,250,000,000, equivalent to USD 94 million with a 6.35% coupon and a term of eight years, as structured by Citi and BCR Valores Puesto de Bolsa. With this issuance,…
Blog, Costa Rica, Labor & Employment, News
Law on the Protection of Whistleblowers and Witnesses of Acts of Corruption against Labor Retaliation
03
Jun
Jun
On February 8, 2024, Costa Rica passed a law to protect persons who report acts of corruption and the witnesses of those who report, which applies to both the public and private sectors. From the labor perspective, this law introduces a special protection jurisdiction and a series of measures to ensure that whistleblowers and witnesses…
Blog, Costa Rica, Labor & Employment, News
Changes to the Law Against Sexual and Labor Harassment in Employment and Teaching
03
Jun
Jun
In Costa Rica, some significant changes were recently made to the current law on labor and sexual harassment in employment and teaching. These changes seek to improve the effectiveness of the investigation process when it comes to notifying the opening of processes. The following provisions are the main adjustments to this Law: The workplace must…
Blog, Business Law, Costa Rica, News
BLP advises Evertec on a strategic acquisition that boosts the digital payments market in Costa Rica
30
May
May
BLP advised Evertec in the acquisition of 100% of the share capital of Zunify Payments, Ltd., a company dedicated to the business of financial operations by electronic means, providing a payment network that interconnects consumers, companies, and issuing and acquiring financial institutions, all through the Zunify Platform. Zunify is a fintech company founded by Costa…
24
May
May
Reform to articles 110, 111, and 111 bis of the Regulations to the Free Zone Regime Law The Ministry of Foreign Trade, through decree No. 44447-COMEX-H, issued reforms to articles 110, 111, and 111 bis of the Regulations to the Free Zone Regime Law. The reforms introduce changes to customs procedures in inventory operations, recycling,…