IDB Invest and Banco Promerica S.A., El Salvador (Banco Promerica) joined forces to issue the first Sustainability Bonds in El Salvador to finance green and social projects. BLP acted as legal advisor to IDB Invest in El Salvador during the transaction. IDB purchased the entire first tranche of $20 million out of a $100 million…
Category Archives: El Salvador
At BLP, Blog, El Salvador
Business Opportunity: International Biding for the inter-departmental rail transport of El Salvador
28
Feb
Feb
Name of the project “Feasibility study, basic engineering and technical structure project for the inter-departmental rail transport of El Salvador”. Bid solicitor Road Conservation Fund (FOVIAL). Tender terms download/purchase From February 22 to March 31, 2022. Receipt of bids April 22, 2022, from 8:00 to 11:00 am. The Road Conservation Fund (FOVIAL) has announced the…
Banking & Finance, Blog, El Salvador, News, Regulatory Compliance, Prevention and Risk Management
Obligation to update information for NGOs in Guatemala
18
Jan
Jan
In Guatemala, Decree number 4-2020 “Reforms to the Law of Non-Governmental Organizations for Development, Decree number 2-2003 of the Congress of the Republic of Guatemala and the Civil Code, Decree-Law number 106 of the Head of Government” entered into force, which establishes, among other provisions, the obligation of a Non-Governmental Organization (“NGO”), registered and operating…
At BLP, Blog, Costa Rica, El Salvador
BLP advises Cementos Progreso Holdings, S.L on the acquisition of CEMEX in Costa Rica and El Salvador
18
Jan
Jan
BLP has advised Cementos Progreso Holdings, S.L. on the $335 million acquisition of assets from Cemex, S.A.B of C.V. in Costa Rica and El Salvador. Our international teams performed due diligence and provided local legal advice on the signing of an agreement by Cementos Progreso Holdings S.L. (“Cementos Progreso”) to acquire the Costa Rican and…
Banking & Finance, Blog, El Salvador, News, Regulatory Compliance, Prevention and Risk Management
Modification to the Instructions for Qualifying Financial Institutions Not Domiciled in El Salvador
17
Jan
Jan
As of January 1, of this year, the new “Instructions for Qualifying Institutions Domiciled Abroad in the context of the Income Tax Law, Tax Law on the Transfer of Personal Property and the Provision of Services and Tributary Code” entered into force. These Instructions regulate tax benefits such as VAT exemption (currently 13%) and income…
At BLP, Banking & Finance, Blog, Costa Rica, El Salvador
BLP has advised IDB Invest on a US$23 million loan to Grupo Desarrollador de Parques Industriales S.A in Costa Rica
14
Jan
Jan
BLP has advised IDB Invest on its combined long-term and medium-term loan of up to US$23 million to Grupo Desarrollador de Parques Industriales S.A to develop the Green Park Industrial Park in the Coyol area on the outskirts of Alajuela. The financing will be used for the construction of several industrial buildings within the Green…
At BLP, Banking & Finance, Blog, El Salvador
BLP advises IDB Invest on its senior loan for up to $25 million to American Industrial Park S.A. de C.V. (AIP)
11
Jan
Jan
BLP has advised IDB Invest on its senior loan for up to $25 million to American Industrial Park S.A. de C.V. (AIP). AIP is one of the leading companies in El Salvador in the construction and administration of free trade zones and industrial parks, with more than 25 years of experience in the market. It…