BLP has advised a group of several first-line creditors, including Banks from the following financial groups: Bancolombia, Davivienda, BAC, Aval, Banco Industrial, and Banco General, on a syndicated loan for US$700 million, granted to Grupo Calleja, the leading grocery retailer in El Salvador. The credit facility’s primary purpose is the acquisition by Grupo Calleja of…
Category Archives: Business Law
19
Jan
Jan
On December 13, 2023, the Official Gazette published Decree No. 905, which reforms the Commercial Code to encourage legalizing the economy’s informal sector and reinvigorate micro and small businesses. Such reforms will become effective on February 11, 2024. Among its principal reforms is the Simplified Share Companies (SAS) provision intended to facilitate the incorporation of…
Analysis, Blog, Business Law, Guatemala
The reality of adjustments for wage discrepancies determined by the IGSS
04
Dec
Dec
It is well known that, as part of the exercise of its functions established in article 50 of its Organic Law, the IGSS, through employer auditors, has conducted reviews of the accounting records of the employers, under the presumption that the employer incorrectly reported the salaries earned by its employees. With these accounting reviews, even…
Analysis, Blog, Business Law, Guatemala
How to Protect Company Real Estate Ownership Rights in Guatemala
28
Nov
Nov
The business environment offers a wide range of opportunities and benefits. However, it also presents risks, especially for real estate holdings. Despite the many associated benefits of owning real estate, companies may find that their properties are targets for fraud and scams. The business environment offers a wide range of opportunities and benefits. However, it…
Blog, Business Law, Costa Rica, El Salvador, Honduras, News, Nicaragua
BLP advises Grupo Unicomer on a syndicated loan for US$350 million
16
Nov
Nov
BLP, renowned for its prowess as legal counsel, has provided pivotal advice in a US$350 million loan transaction granted to Grupo Unicomer by a pool of syndicated banks, where several subsidiaries of Unicomer in LATAM and the Caribbean have acted as guarantors. Our legal guidance spanned the entire process, from negotiations to signing the credit…
Blog, Business Law, Costa Rica, News
BLP advised CMI on the acquisition of Corporación AUG in Costa Rica
26
Oct
Oct
BLP has played a fundamental role in the acquisition of Corporación AUG by CMI in Costa Rica. This sweeping transaction involved a series of critical stages and a diverse group of sellers, marking a significant milestone for CMI in the country following the devastating fire at its plant in early 2023. The firm’s advice covered…
At BLP, Banking & Finance, Blog, Business Law, Energy & Infrastructure, Guatemala
Jorge Arenales joins BLP, bolstering the Firm’s expertise in Corporate, Transaction and Finance matters
02
Jun
Jun
We are thrilled to announce the incorporation of esteemed legal professional Jorge Arenales as a new partner. With a remarkable background in corporate and finance matters, Arenales brings a wealth of experience and an outstanding reputation to our firm. Arenales has demonstrated his exceptional legal skills throughout his career. Prior to joining BLP, he served…
17
May
May
https://blplegal.com/blp-web-2021/wp-content/uploads/2023/05/La-importancia-de-las-franquicias-para-hacer-negocios-en-Guatemala_FOTO-.png Jeaneth Divas Senior Associate Guatemala [email protected] Legal framework of the Franchise Agreement in Guatemala Franchising is a result of commercial expansion around the world; it is a way by which a merchant/entrepreneur who already has an established, proven, and successful business model in the marketing of its products and services under an identifying trade…
Blog, Business Law, Guatemala, News
BLP advises Huntsman Corporation on the sale of its operation in Guatemala
06
Mar
Mar
BLP has advised Huntsman Corporation, a publicly traded global manufacturer and marketer of specialty and differentiated chemical products with revenues of approximately $8 billion annually, on selling its textile operations in Guatemala as part of a global transaction. Huntsman Corporation sold its division to Archroma, an SK Capital Partners portfolio company, for S593 million in…
At BLP, Blog, Business Law, Costa Rica, El Salvador, Guatemala, Honduras
Avianca is LatinFinance’s Deal of the Year recipient for whom BLP advised restructuring more than $1 billion in debt
06
Feb
Feb
LatinFinance announced the winners of its annual Deal of the Year awards, for which our client Avianca’s transaction was recognized with the Corporate Restructuring award, restructuring more than $1 billion in debt. Through its offices in Guatemala, El Salvador, Honduras, and Costa Rica, BLP advised Latin American airline Avianca during its restructuring process. Colombian airline,…