Category Archives: Business Law

Good Faith: The Silent Pillar of Arbitration

Carolina Diab – Special Counsel, Guatemala In arbitration—as in life—not everything is written. Beyond rules, deadlines, and formalities, there exists a principle that silently upholds the legitimacy of the process: good faith. It is not always mentioned and is rarely expressly regulated, yet when it is absent, arbitration suffers and loses its essence. Revisiting this…

Newsflash: Issuance of the Competition and Antitrust Law Regulations

The Board of Directors of the Competition and Antitrust Superintendence in Guatemala issued, through Resolution No. 11-2025, the Regulations of the Competition and Antitrust Law (the “Regulations”), which entered into force on December 30, 2025, with a gradual and deferred implementation, as provided under the Competition and Antitrust Law. The Regulations are of general application…

Costa Rica and the New Global Migration of Wealth

Global Wealth Migration and Costa Rica’s Strategic Opportunity The world is undergoing a profound transformation: never before have so many high-net-worth individuals (HNWIs) chosen to live outside their countries of origin. It is no longer just corporate executives relocated by their employers, but entrepreneurs, investors, mobile professionals, and multinational families who decide where to live…

Law for the promotion of renewable energy use

Strategic Opportunity for Clean Energy Investment in El Salvador On October 21, 2025, the Legislative Assembly of the Republic of El Salvador passed the Law for the Promotion of Renewable Energy Use (LFUER), a landmark initiative aimed at accelerating the country’s energy transition and positioning El Salvador as a competitive destination for sustainable investment. This…

Special and transitory law granting facilities for the voluntary compliance of tax, customs, traffic, and other penalties

On October 16, 2025, Legislative Decree No. 427 was published in the Official Gazette, enacting the Special and Transitory Law Granting Facilities for the Voluntary Compliance of Tax, Customs, Traffic, and Other Penalties (the “Tax Amnesty Law” or the “Law”). This regulation was approved by the Legislative Assembly to promote the voluntary regularization of debts…

BLP advises FIFCO on the sale of its food and beverage businesses to HEINEKEN

BLP acted as legal advisor to FIFCO in the execution of a binding agreement to sell to HEINEKEN N.V. (“HEINEKEN”) the remaining 75% equity stake in its subsidiary, Distribuidora La Florida S.A., enabling HEINEKEN to acquire its beverage, food, and retail operations in Costa Rica, Guatemala, El Salvador, and Honduras, as well as its beverage…

New Companies in Costa Rica Will No Longer Have a Legal Name in Their Corporate Title

As of May 2025, a reform to Costa Rica’s Commercial Code has come into effect, eliminating the requirement for legal names (corporate name or trade name) for corporations (S.A.) and limited liability companies (S.R.L.). Under this reform, newly incorporated companies will be identified solely by their corporate identification number (cédula jurídica), which is automatically assigned…