Category Archives: Business Law

Newsflash Guatemala | Constitutional Court Confirms Obligation to Report Beneficial Ownership before the General Registry of State Procurement (RGAE)

The Constitutional Court of Guatemala declared inadmissible the action of unconstitutionality filed against provisions of Government Agreement 133-2024. With this ruling, the obligation to identify the beneficial owner remains in force for all individuals and legal entities seeking to register, update, or remain in the General Registry of State Procurement (RGAE). As a result, the…

BLP Advises on Sojitz’s Investment in VEINSA

BLP Advises on Sojitz’s Investment in VEINSA BLP participated in the transaction through which Sojitz Corporation agreed to a potential investment in Vehículos Internacionales Veinsa S.A. (VEINSA), a wholly owned subsidiary of Age Motors. VEINSA is one of the leading vehicle distributors in Costa Rica, representing brands such as Geely, Mitsubishi, Peugeot, Citroën, Zeekr, and…

Practical Guide to Merger Processes of Operating Companies in Costa Rica

Costa Rica: Practical Guide to Merger Processes of Operating Companies The merger of companies constitutes a legal mechanism through which two or more entities are integrated into a single entity, either by absorption (where one entity absorbs the others) or through the creation of a new company. Both modalities entail the dissolution of the legal…

Practical Guide to Merger Processes of Operating Companies in Costa Rica

Author Diego Quirós Associate Costa Rica E-mail Costa Rica: Practical Guide to Merger Processes of Operating Companies The merger of companies constitutes a legal mechanism through which two or more entities are integrated into a single entity, either by absorption (where one entity absorbs the others) or through the creation of a new company. Both…

Commercial Code Reform Introduces New Requirements for Corporate Representation

Author Valeria Gutiérrez Associate Costa Rica E-mail Commercial Code Reform and Corporate Representation in Costa Rica Recently, the Legislative Assembly approved Law No. 10840, “Law for the Harmonization of the Commercial Code and the Strengthening of the Special Power of Attorney,” which amends Articles 98 and 146 of the Commercial Code. Through this reform, the…

IFX acquires REICO to strengthen its operations in Costa Rica

IFX Networks Expands in Costa Rica with Acquisition of REICO IFX Networks, operating through the brand IFX-Codisa, completed the acquisition of Redes Integradas Corporativas Ltda. (REICO), a Costa Rican company engaged in information and communications technology solutions and integration. The transaction is expected to expand fiber optic network coverage, a key technology for 5G connectivity….