BLP advised the seller, Grupo Orbis (Pintuco), on this regionally impactful transaction employing attorneys from each of our offices in Costa Rica, Nicaragua, Honduras, El Salvador, and Guatemala, as well as coordinating with lawyers in Panama. Besides conducting due diligence in the jurisdictions of Central America, BLP also analyzed the competition in each of the countries and if required…
Tag Archives: Business Law
In the following case study, we analyze the merger of Amazon and Whole Foods as an example of how two very different businesses can come together to add value to their respective companies: The Issue Mergers are about creating synergies in order to generate value for the companies involved. In this case, Amazon was interested…
Restructuring as a pandemic necessity COVID-19 has brought a new reality to commerce. Companies face a myriad of issues, many for the first time: low consumer demand, the increased risk caused by mistrust, disruption of the supply chain, the search for multiple sources of supply, the decentralization of distribution centers, the centralization in the provision…
Those who have not provided the corresponding information for the Transparency and Final Beneficiaries Registry for the period of 2019 by April 30th, 2020, could be sanctioned with the fine determined in article 84 bis of the Tax Code of Standards and Procedures, corresponding to two per cent (2%) of the gross income of the…
The world health situation has forced preventive actions, such as social distancing, to avoid the spread of the COVID-19 virus. The Government of the Republic of Guatemala has taken a similar position, applying express prohibitions regarding the holding of any type of event and limitation on the freedom of movement. In view of this, it…
The General Tax Office and the Costa Rican Institute on Drugs issued a new Joint Resolution of General Scope for the Registry of Transparency and Ultimate Beneficiaries No. DGT-ICD-R-06-2020, which was published in La Gaceta No. 65 of March 30, 2020. Through this Resolution, the previous resolution is repealed, and important changes are issued in…
The telecommunications giant, Millicom – which operates under the Tigo trademark in Central America – has acquired all of Telefónica’s subsidiaries in Costa Rica, Nicaragua and Panama. Together with Davis Polk, BLP advised its client throughout the acquisition process, from the elaboration of the due diligence study and the regulatory analysis of the transaction to…
Generally, a person invests in a corporation to obtain, eventually, economic advantages. The right to the dividend is acquired inherently, by virtue of being a shareholder, in a commercial company. The doctrine has classified it as a patrimonial right (with economic content) that the shareholder has against the corporate entity, unlike political rights (for example,…
Moratorium on sanctions is established for 3 months. The fines that were suspended amount to 2% of gross income of the previous fiscal year, with a minimum of 3 base salaries and a limit of 100 base salaries. On January 29, 2020, the plenary of the Legislative Assembly approved a moratorium for the application of…
Opening of Mercantile Registries located in the Chamber of Commerce and Industries of Cortés and Chamber of Commerce and Industries of Tegucigalpa The Property Institute informs the population that the Commercial Registries located in the Chamber of Commerce and Industries of Cortés and the Chamber of Commerce and Industries of Tegucigalpa will open their doors…
- 1
- 2