BLP advised JCDecaux on acquiring a 70% majority stake in IMC, a leading out-of-home advertising company operating in Central America, Colombia, and Panama, through its majority-owned subsidiary, JCDecaux Top Media S.A. As part of the transaction, the remaining IMC shareholders contributed their 30% shares in IMC in exchange for a 9% stake in a newly…
Category Archives: Business Law
Analysis, Blog, Business Law, Costa Rica
How to prepare for an M&A transaction: A Costa Rican Perspective
30
Jul
Jul
Authors https://blplegal.com/wp-content/uploads/2024/06/Articulo-RTBF-CR-2024_Adriana-Castro.png Adriana Castro Partner Costa Rica E-mail https://blplegal.com/wp-content/uploads/2024/07/ART-Fusiones-y-Adquisiciones-en-CR_Diego-Quiros.png Diego Quiros Associate Costa Rica E-mail In the dynamic business world, mergers and acquisitions represent a powerful tool for the growth and consolidation of companies. However, the complexity and challenges inherent in these transactions can create uncertainty and anxiety. In this context, we firmly believe that…
Analysis, Blog, Business Law, Costa Rica
New Regulations for the Transparency Registry and Final Beneficiaries: Main Changes and Legal Considerations
21
Jun
Jun
Authors https://blplegal.com/wp-content/uploads/2024/06/Articulo-RTBF-CR-2024_Adriana-Castro.png Adriana Castro Partner Costa Rica E-mail https://blplegal.com/wp-content/uploads/2024/06/Articulo-RTBF-CR-2024_Elena-Foltran.png Elena Foltrán Associate Costa Rica E-mail Under the regulations on Transparency Registration and Final Beneficiaries in Costa Rica, legal entities and other legal structures domiciled in the country, administrators of third-party resources on behalf of their clients, non-profit organizations, and private trusts, including foreign trusts that…
Blog, Business Law, Costa Rica, News
BLP advises Evertec on a strategic acquisition that boosts the digital payments market in Costa Rica
30
May
May
BLP advised Evertec in the acquisition of 100% of the share capital of Zunify Payments, Ltd., a company dedicated to the business of financial operations by electronic means, providing a payment network that interconnects consumers, companies, and issuing and acquiring financial institutions, all through the Zunify Platform. Zunify is a fintech company founded by Costa…
Banking & Finance, Blog, Business Law, El Salvador, News
BLP advised Bancolombia and a consortium of Banks on a Syndicated Loan for US$700 Million
15
Feb
Feb
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…
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…