BLP advised IDB Invest as lead counsel in connection with a US$20 million senior secured, uncommitted revolving import finance facility granted to subsidiaries of the Kaufmann Group in Costa Rica and Peru to support the introduction and scaling of electric vehicles, plug-in hybrid vehicles, charging infrastructure, and related equipment in both jurisdictions. The facility, structured…
Category Archives: Costa Rica
Blog, Costa Rica, News, Sanitary Registration of Products
Newsflash: Regulatory Updates – November 2025
24
Nov
Nov
Executive Decree No. 45224-S establishes the procedure for simplified sanitary registration by notification and third-party import authorization for low-risk processed foods and cosmetics, streamlining their commercialization in the country. It also regulates the recognition of registrations, control, and monitoring through the digital platform REGÍSTRELO. The simplified registration applies only to foods listed in Annex I…
At BLP, Blog, Costa Rica, El Salvador, Guatemala, Honduras, News, Nicaragua
BLP Recognized Among Latin America’s Leading Law Firms by Latin Lawyer
24
Nov
Nov
Sources: M&A deals dipped across Latin America in H1 2025 Which LatAm partners advised on most M&A deals in H1 2025? Which LatAm debt capital markets partners were the busiest in H1 2025? Regional Recognition in Mergers & Acquisitions (M&A) Renowned publication Latin Lawyer has once again recognized BLP as one of the leading M&A…
Analysis, At BLP, Blog, Costa Rica, Telecommunications, Media & Technology
Regulating New Technologies in Central America: Follow Global Trends or Reinvent the Wheel?
19
Nov
Nov
León WeinstokDirector, Costa RicaE-mail The rapid pace of technological development in recent years has challenged the ability of countries to adapt their regulatory frameworks quickly and effectively. In Central America, this tension is particularly pronounced, given the structural lag in innovation, digital infrastructure, and technology governance. The region faces a crucial dilemma: should it adopt…
Banking & Finance, Blog, Costa Rica, El Salvador, Guatemala, News
BLP advises BofA Securities and J.P. Morgan on Mobiliare’s US$500 million inaugural bond issuance
18
Nov
Nov
BLP advised BofA Securities, Inc. and J.P. Morgan Securities LLC as initial purchasers in the issuance of US$500 million aggregate principal amount of 6.750% senior notes due 2032 by Mobiliare Latam, S.A. (“Mobiliare Holding”) and Mobiliare Latam México, S.A. de C.V., as co-issuers. The offering was conducted pursuant to Rule 144A and Regulation S, and…
Blog, Costa Rica, News, Tax
Changes in the Publication of Tax Lists: The reform to Article 115 imposes new fiscal transparency obligations
04
Nov
Nov
On October 28, the reform to Article 115 of the Tax Code was approved in its second debate. This amendment introduces significant changes regarding the publication of taxpayer lists. The main modifications include: Monthly publication requirement: A list of delinquent taxpayers, indicating the taxpayer’s name and the amount owed. A list of taxpayers who have…
Blog, Business Law, Costa Rica, Labor & Employment, News, Tax, Telecommunications, Media & Technology
BLP asesoró a IFX en la adquisición de Gold Data
03
Nov
Nov
BLP asesoró a IFX en la adquisición de Gold Data en Costa Rica, una empresa de tecnología especializada en infraestructura de telecomunicaciones que proporciona conectividad directa de alta calidad en toda América y el Caribe. Esta transacción permite a IFX complementar su portafolio de servicios de Data Centers, Cloud, Seguridad y Servicios de Valor Agregado…
Banking & Finance, Blog, Costa Rica, News
BLP advises PROPARCO on sustainable financing to Banco Promerica
30
Oct
Oct
BLP advised PROPARCO on the structuring of a USD 50 million senior international loan granted to Banco Promerica, aimed at supporting sustainable and socially impactful projects in Costa Rica. The loan, divided into two tranches — Tranche A (USD 20 million) and Tranche B (USD 30 million) — has maturities of up to ten years….
Blog, Costa Rica, Labor & Employment, News
Learn about the new contribution rates and payroll deduction priorities in Costa Rica
28
Oct
Oct
I. Update on Social Security Contributions Effective January 2026 The Board of Directors of the Costa Rican Social Security Fund (CCSS), through a resolution adopted in 2019, modified the frequency of adjustments to the tripartite contribution rate under the Disability, Old Age and Death (IVM) regime, changing it from every five years to every three…
Blog, Costa Rica, Labor & Employment, News
Reform Prohibits Employers from Denying Leave for Procedures before the Ministry of Labor and Social Security
08
Oct
Oct
On September 22, 2025, the Legislative Assembly approved, in its final reading, Bill No. 23,142, which amends Article 515 of the Labor Code. What does the reform establish? Once this law enters into force, employers must grant leave to employees for the following purposes: To appear as witnesses or participate in judicial proceedings. To carry…