During the week of April 2 to April 9, Central America celebrates Holy Week, which entails the enjoyment of holidays regulated by each country as follows: Guatemala: The holidays, which begin at noon on Wednesday, April 5, and continue until the end of Saturday, April 8, are mandatory payment days when an employer must pay…
Category Archives: Guatemala
Blog, Business Law, Guatemala, News
BLP advises Huntsman Corporation on the sale of its operation in Guatemala
06
Mar
Mar
BLP has advised Huntsman Corporation, a publicly traded global manufacturer and marketer of specialty and differentiated chemical products with revenues of approximately $8 billion annually, on selling its textile operations in Guatemala as part of a global transaction. Huntsman Corporation sold its division to Archroma, an SK Capital Partners portfolio company, for S593 million in…
Blog, Guatemala, Labor & Employment, News
New Regulations for the Issuance of Labor Misdemeanors Reports
06
Mar
Mar
It is essential for companies that submit quotations and bids for products and services to the State and its agencies to be informed that, as of Monday, March 6, new Regulations issued by the Ministry of Labor and Social Welfare will come into effect, with the following characteristics: 1. In the Registry of Absences from…
Blog, Guatemala, Labor & Employment, News
Hope for the Best, Plan for the Worst: Regulatory Changes in Guatemalan Social Security
23
Feb
Feb
The phrase, “Hope for the best, plan for the worst,” is one I heard in a spy movie, and searching for a title for this article, it occurred to me that we could use that phrase to identify the role played by labor consultants. There are many anecdotes. The companies that granted payments, bonuses, commissions,…
Blog, Guatemala, Labor & Employment, News
New Court will hear cases on disobedience for failure to comply with reinstatement and orders of the Labor and Social Security Courts
09
Feb
Feb
Through Agreement 33-2022, the Supreme Court of Justice created the “Pluripersonal Criminal Peace Court to hear the crime of disobedience of labor and social security resolutions”. The Agreement published on February 9, 2023, delimits the competence of the Court to hear the Crimes of Disobedience (Articles 414 and 420 of the Penal Code, depending on…
At BLP, Blog, Business Law, Costa Rica, El Salvador, Guatemala, Honduras
Avianca is LatinFinance’s Deal of the Year recipient for whom BLP advised restructuring more than $1 billion in debt
06
Feb
Feb
LatinFinance announced the winners of its annual Deal of the Year awards, for which our client Avianca’s transaction was recognized with the Corporate Restructuring award, restructuring more than $1 billion in debt. Through its offices in Guatemala, El Salvador, Honduras, and Costa Rica, BLP advised Latin American airline Avianca during its restructuring process. Colombian airline,…
Blog, Environment, Health & Safety, Guatemala, Labor & Employment, News
Guatemala repeals regulations for the prevention of COVID-19 in workplaces
02
Feb
Feb
The Ministry of Labor and Social Welfare published Governmental Agreement No. 19-2023, which repeals the regulations contained in Governmental Agreement 179-2022 of the Ministry of Labor and Social Welfare for the prevention of COVID-19 in work centers. Therefore, the following provisions are no longer in effect and are no longer applicable to any work center….
Blog, Global Mobility & Relocation, Guatemala, News
New requirements for Dominican Republic citizens to enter Guatemala
30
Jan
Jan
As of February 9, 2023, citizens of the Dominican Republic must obtain a Visa from the Guatemalan Consulate to enter Guatemala. Exempt from this provision are citizens of the Dominican Republic who have a valid Visa granted by the United States of America, the United Mexican States, Canada or the European Union (Schengen Visa). This…
Blog, Costa Rica, El Salvador, Guatemala, Honduras, Labor & Employment, Lawyers, News
Regional Holidays Calendar 2023
17
Jan
Jan
Our Labor & Employment team gathers the list of mandatory and non-mandatory paid holidays applicable to all Central American countries, ideal for Human Resources teams with operations in the region. Download
Banking & Finance, Blog, Costa Rica, Guatemala, News
BLP has advised EVERTEC, Inc. and its subsidiaries on refinancing credit facilities
12
Dec
Dec
BLP has advised EVERTEC, Inc. (EVERTEC, or the Company) in Costa Rica and Guatemala on the refinancing of its existing credit facilities; the new credit lines consist of $200 million of extended revolving credit and a $415 million term loan A, both maturing on December 1, 2027. The new term loan and a $50 million…