BLP advised Comcast on the acquisition of Nitel, a U.S. managed services provider headquartered in Chicago, from international private equity firm Cinven. The Nitel acquisition boosts Comcast Business’s connectivity capabilities and strengthens its distribution strategy. BLP advised on the Costa Rican matters related to the acquisition of all issued and outstanding shares of Nitel’s subsidiary…
Category Archives: Costa Rica
01
Apr
Apr
Author https://blplegal.com/wp-content/uploads/2025/04/Articulo-Transacciones-de-Fusiones-y-Adquisiciones-MA_FOTO-Aurora-Solis.png Aurora Solís Senior Associate Costa Rica E-mail Smart contracts are self-executing agreements that automatically enforce the terms of specific arrangements between parties, such as buyers and sellers. These contracts are already being implemented across various commercial sectors, particularly in FinTech, through high-frequency trading, or in retail via online purchases with dynamic pricing. In…
Banking & Finance, Blog, Business Law, Costa Rica, Cybersecurity & Data Protection, Environment, Health & Safety, Intellectual Property, Labor & Employment, News
BLP advised Bekaert on the sale of its stake in Costa Rican subsidiary BIA Alambres Costa Rica S.A. to Grupo AG
31
Mar
Mar
BLP advised Bekaert, a global leader in the steel wire transformation and coating technologies market, on the sale of its stake in the Costa Rican subsidiary BIA Alambres Costa Rica S.A. to Grupo AG, a regional leader in steel production and construction solutions with operations in Guatemala and Honduras and presence in eleven countries through…
Banking & Finance, Blog, Business Law, Costa Rica, News
BLP advised CAF on a new bond issuance in Costa Rica
31
Mar
Mar
BLP has advised CAF – Development Bank of Latin America and the Caribbean on the issuance of Series C1 of the CAF Local Bond Program in Costa Rica, for an amount of ₡35,000,000,000, equivalent to approximately USD67 million, with a 7-year term and an interest rate of 6.18%. With this new placement, CAF reaffirms its…
Blog, Business Law, Costa Rica, Labor & Employment, News, Tax, Telecommunications, Media & Technology
BLP advised IFX on the Acquisition of Gold Data
13
Mar
Mar
BLP advised IFX on its acquisition of Gold Data in Costa Rica, a technology company specializing in telecommunications infrastructure that provides high-quality direct connectivity throughout the Americas and the Caribbean. This transaction allows IFX to complement its portfolio of Data Centers, Cloud, Security, and Value-Added Services with significant network infrastructure. This strengthens its position as…
Blog, Costa Rica, Labor & Employment, News
The Legislative Assembly Approves the Law Project to Regulate Working from Abroad
11
Mar
Mar
On March 5, 2025, the Legislative Assembly approved, in a second debate, bill number 23528, which explicitly regulates working from outside Costa Rica. According to the provisions of the approved draft law, working from abroad may be requested by the employer and will require the employee’s express consent; if the employee agrees, the employer must…
Banking & Finance, Blog, Costa Rica, News
BLP Advised on the First Public, Sustainable, and Dematerialized Bond Issued by a Financial Institution in Guatemala
07
Mar
Mar
In a significant move within the financial sector, BLP provided comprehensive legal counsel to Banco Davivienda during the acquisition and integration of Scotiabank’s operations in Costa Rica. This transaction, encompassing banking, insurance, and leasing businesses, highlights BLP’s expertise in navigating complex mergers and acquisitions in the region. This agreement is part of Davivienda’s strategic expansion…
Blog, Costa Rica, Cybersecurity & Data Protection, News
Artificial Intelligence and Technologies Promotion Law
07
Mar
Mar
On February 25, 2025, the Legislative Assembly enacted the Artificial Intelligence and Technologies Promotion (AI) Law. Its objective is to promote the development, research, and application of artificial intelligence in El Salvador, encouraging and promoting innovation while ensuring its responsible use to contribute to technological advancement and economic growth. The AI Law applies to all…
Blog, Costa Rica, Free Trade Zones, International Trade, News
New Customs Directive: Mandatory Validation for Trade Agreement Exemptions
05
Mar
Mar
On February 12, 2025, the General Directorate of Customs published Directive No. MH-DGA-DIR-0001-2025, issued on January 7, 2025, introducing key changes for customs procedures. This directive modifies the existing regulations by removing the last paragraph of Directive No. DIR-DGA-01-2021 and adding point vii), establishing a new requirement for the exemption of Free Trade Agreements (FTAs)…
Blog, Costa Rica, Environment, Health & Safety, News
Obligations for the Management of Construction and Demolition Waste
04
Mar
Mar
Autor https://blplegal.com/wp-content/uploads/2024/11/Articulo-Hidrogeno-Verde_FOTO.png Luis Palacios Director Costa Rica E-mail The construction industry is one of the most environmentally impactful sectors worldwide, primarily due to the large volume of waste it generates. However, in Costa Rica, there has historically been a regulatory gap concerning the management of construction waste, as governmental oversight has traditionally been reserved for…