Category Archives: Business Law

BLP asesoró a IFX en la adquisición de Gold Data

BLP asesoró a IFX en la adquisición de Gold Data en Costa Rica, una empresa de tecnología especializada en infraestructura de telecomunicaciones que proporciona conectividad directa de alta calidad en toda América y el Caribe. Esta transacción permite a IFX complementar su portafolio de servicios de Data Centers, Cloud, Seguridad y Servicios de Valor Agregado…

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…

BLP advised IFX on the acquisition of Luminet

BLP advised IFX Networks on the acquisition of Luminet, also known as CRISP (Costa Rica Internet Service Provider S.A.), a Costa Rican company specializing in internet services and fiber optic connectivity, with more than 15 years of experience in the development and implementation of telecommunications projects.  This transaction allows IFX to strengthen its position in…

The Importance of Due Diligence in a Successful Purchase and Sale Agreement

https://blplegal.com/wp-content/uploads/2025/06/La-importancia-del-DD_FOTO-Aurora-Solis.jpg Aurora Solís Senior Associate Costa Rica E-mail What is due diligence, and why does it matter? As a purchase and sale transaction approaches closing—whether involving a company, real estate, or other valuable asset—it is natural for the parties to want to finalize it quickly. However, in the rush to sign, a fundamental step is…

New Regulation in Honduras Tightens Oversight of Tax Exemptions

On May 6, 2025, the Official Gazette La Gaceta published the Regulation on Procedures for the Control, Verification, and Oversight of Tax Exemptions, issued by the Ministry of Finance through Agreement No. 143-2025. This new regulation strengthens the legal framework for supervising tax benefits in Honduras by detailing the procedures through which the General Directorate…

BLP advised Comcast on the acquisition of Nitel

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…