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…
Category Archives: Banking & Finance
Banking & Finance, Blog, Honduras, News
New Regulatory Reform in Honduras: What You Need to Know About Credit and Debit Card Transactions
18
Dec
Dec
The National Banking and Insurance Commission (CNBS) has introduced significant changes to Articles 5 and 20 of the Minimum Guidelines for the Prevention of Unrecognized Transactions involving debit cards, credit cards, and financing products. These reforms aim to strengthen security and transparency in financial transactions. Key Highlights of the Reform 1.Notification to Cardholders Financial institutions…
Banking & Finance, Blog, Environmental, Social and Governance (ESG), Honduras, News
BLP advises on Honduras’ first foreign currency sustainable green bond issuance
02
Dec
Dec
BLP is proud to have acted as local legal advisor for Santander US Capital Markets LLC and Citigroup Global Markets Inc. in the Republic of Honduras’ first sovereign green sustainable bond issuance. This historic transaction, carried out in the international capital markets, marks a significant step for the country in advancing projects focused on sustainability…
Banking & Finance, Blog, Costa Rica, News
BLP advised IFC on a $20 Million Investment in Grupo Farmanova Intermed (GFI)
28
Nov
Nov
BLP advised the International Finance Corporation (IFC), a member of the World Bank Group, on an investment of up to USD 20 million in Grupo Farmanova Intermed (GFI), a regional leader in marketing, sales, distribution, and logistics. This investment aims to expand access to high-quality, effective, safe medicines in Central America and the Caribbean. The…
Banking & Finance, Blog, El Salvador, Environmental, Social and Governance (ESG), News
BLP advises DFC and CAF on the most significant debt conversion in history to conserve watersheds in El Salvador
29
Oct
Oct
DFC, the U.S. government’s international development bank, provides $1 billion in political risk insurance (PRI), while CAF is issuing two letters of credit (SBLC) for up to $200 million. The combination of DFC’s PRI and CAF’s SBLCs strengthens the credit risk supporting the transaction, catalyzing additional investment in conservation and ecosystem restoration efforts in the…
Banking & Finance, Blog, Guatemala, News
BLP advised FMO on a loan facility extended to Banco de Antigua, S.A.
08
Oct
Oct
BLP advised Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO) on a loan facility granted in favor of Banco de Antigua, S.A. in Guatemala, in a principal amount of up to $15 million. This loan facility will enable Banco de Antigua to grant micro-loans to micro-entrepreneurs in rural areas in Guatemala, contributing to a positive impact on…
14
Aug
Aug
BLP has advised Bain Capital Special Situations on its preferred equity investment in MRO Holding, Inc., a world-class aircraft maintenance repair and overhaul company operating in El Salvador, México, Colombia, and the United States and which is a holding of Aeromantenimientos S.A., a leading provider of airframe heavy maintenance in El Salvador. The first tranche…
Analysis, Banking & Finance, Blog, Costa Rica
Is it possible to collect an electronic promissory note or bill of exchange?
12
Aug
Aug
Author https://blplegal.com/wp-content/uploads/2024/07/ART-Letra-de-cambio-y-pagare-electronico_FOTO.png José Pablo Rojas Director Costa Rica E-mail For those who had the opportunity to read the two previous articles (and if not, the link is here), you will remember that we are already clear that in Costa Rica, it is valid to issue electronic promissory notes or bills of exchange (whether “electronified” 1or…
22
Jul
Jul
BLP has advised IDB Invest, FinDev Canada and LAGreen (the “Investors”) on $50 million in Costa Rica’s first blue bond, marking a historic transaction for the country’s capital markets sector. IDB Invest partnered with Banco Nacional de Costa Rica (“BNCR”) to launch Costa Rica’s first blue bond, marking a significant step towards bolstering the blue…
Analysis, Banking & Finance, Blog, Costa Rica
Is it possible to endorse an electronic promissory note or bill of exchange?
16
Jul
Jul
Author https://blplegal.com/wp-content/uploads/2024/07/ART-Letra-de-cambio-y-pagare-electronico_FOTO.png José Pablo Rojas Director Costa Rica E-mail For those who have joined me in this analysis since the previous article (and if you have not read it, I invite you to do so), you may remember that we considered the scope of Law No. 8454, Law on Certificates, Digital Signatures and Electronic Documents…