In April 2025, Honduras enacted major reforms to its Credit Card Law through Decree No. 34-2025. These changes aim to strengthen financial consumer rights and increase transparency in interest calculations and in-person transaction security. In this blog post, we break down the key reforms and their practical implications. Fair interest calculation – Article 36 Financial…
Category Archives: Banking & Finance
At BLP, Banking & Finance, Blog, Business Law, Costa Rica, El Salvador, Environmental, Social and Governance (ESG), Guatemala, Honduras, Nicaragua
BLP Wins Four IFLR Americas Awards 2025 for Legal Innovation and Sustainability in Latin America
15
May
May
On May 14, at the Met Club in New York City, more than 100 attendees gathered to celebrate the most innovative legal deals, outstanding teams and firms, and influential individuals of the past year at the IFLR Americas Awards 2025. BLP’s exceptional performance earned four prominent awards: Deal of the Year: Debt and Equity Linked…
Banking & Finance, Blog, Business Law, Costa Rica, Cybersecurity & Data Protection, Environment, Health & Safety, Intellectual Property, Labor & Employment, News
BLP advised Comcast on the acquisition of Nitel
22
Apr
Apr
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…
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…
Banking & Finance, Blog, Environmental, Social and Governance (ESG), Guatemala, News
BLP advised IDB Invest on its investment in Banco Promerica’s second series of sustainable bonds in Guatemala.
25
Mar
Mar
Banco Promerica has issued a second series of sustainable bonds in book-entry form, totaling US$15 million. This issuance is part of Banco Promerica’s US$500 million program, which allows the bank to issue green, social, or sustainable bonds up to that amount. This bond issuance will enable Banco Promerica to continue financing projects, companies, and initiatives…
Banking & Finance, Blog, Environmental, Social and Governance (ESG), Guatemala, News
BLP Advised on the First Public, Sustainable, and Dematerialized Bond Issued by a Financial Institution in Guatemala
07
Mar
Mar
BLP has advised BID Invest, Proparco, and LAGreen (through Finance in Motion) on the issuance of the first sustainable and dematerialized bond by Banco de América Central, S.A. (BAC Guatemala) to promote financial inclusion and environmental sustainability in Guatemala. The bond, valued at up to US$140 million with a term of up to five years,…
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…
Banking & Finance, Blog, El Salvador, News, Regulatory Compliance, Prevention and Risk Management
Major Changes to El Salvador’s Bitcoin Law
27
Feb
Feb
On January 30, 2024, Legislative Decree No. 199 was published in the Official Gazette, introducing amendments to the Bitcoin Law (the “Reform”). The primary goal of the Reform is to enhance Bitcoin’s implementation in response to the people’s needs. The most significant amendments include: Legal Tender Status: References to Bitcoin as a legal tender have…
At BLP, Banking & Finance, Blog, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua
BLP is honored as Law Firm of the Year – Central America by LatinFinance
30
Jan
Jan
We are pleased to announce that BLP has received the prestigious Law Firm of the Year – Central America at the LatinFinance Deals of the Year Awards 2024. This recognition reaffirms our excellence in legal advisory services within the financial and capital markets in Latin America and the Caribbean. The awards ceremony took place on…