BLP

(The following information was supplied by the firm)

Firm Overview:
BLP was founded in March of 2003 by a group of lawyers who shared the same view of the practice of law. They were convinced that legal advisors should become true business partners of their clients, especially by providing top legal advice with business sense. Hence the name: Business Law Partners.

The firm’s international capabilities extend world- wide. BLP has developed a network of law firms around the world, not only through years of working with some of the leading lawyers in each country, but also through exclusive legal networks in which it actively participates: World Services Group (www.worldservicesgroup. com), Meritas (www.meritas.com) the State Capital Law Firm Group (www. statecapitallaw.com) Interlaw (Interlaw.com), as well as Gala, Insuralex and ELA among other specialised networks. Today, BLP is one of very few law firms in Central America working with a true business structure, where all its professionals and staff work together towards a common goal: to satisfy the demands of its clients. BLP’s professionals share values and principles, all for the benefit of its clients. BLP operates under a series of guiding criteria, which allow it to pursue the total satisfaction of its clients; these are: commitment to quality; commitment to service; ethics; team-work and cost-consciousness; commitment to leadership and development; talent; and pro bono work.

Industries Served:
Agriculture, aviation, banking, capital markets, construction, education, energy and clean technologies, entertainment and leisure, financial services, franchise and distribution, free trade zones, hospitality, human resources, industrial, infrastructure, insurance, manufacturing, media and advertisement, natural resources, real estate funds, retail and consumer products, securities, technology, telecommunications, venture capital, among others.

Main Areas of Practice:
Agribusiness, environment, health and safety, aviation and maritime, banking and finance, private equity and venture capital, international trade, competition and antitrust, anti-money laundering, compliance, compliance and anti corruption, business law, public law, public procurement and regulation, human rights, business and development, energy and infrastructure, tax, real estate and hospitality, labour and employment, global mobility and relocation, predictabill, privacy and data protection, intellectual property, advertising, marketing and consumer protection, sanitary registration of products, dispute resolution, insurance and reinsurance, mining, media and technology, free trade zones.

International Work:
The main international practice of BLP is focused in coordinating legal services in Latin America for its clients. The law firm has offices in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and a representation office in Spain. BLP has formed a high quality network of firms in other countries around the world and in different areas of law for the benefit of its clients.

Languages:

Spanish, English, Italian, French, German, Hebrew.

Clients:
Aliaxis-Durman, American International Group, Ace Group, Alltech, Amazon, American Airlines, Assa Insurance Company, Aseguradora General, Avon, Bac San José, Banco Promérica, Bankinter, Banesco, BASF, Baxter, Bayer, BCD Travel, Bekaert, BID, BAT, Bticino, Bosch, CAF, Calibre Mining Corp.,Cargill, Cemex, Cognizant, Colgate-Palmolive, Covidien, Credit Suisse, Deutsche Bank, DIAGEO, DIPO, Discovery Communications, Dow Chemical, Exclusive Resorts, First American Bank, Florida Ice & Farm, FMO Entrepreneurial Development Bank, Garnier BBDO, GasNatural Fenosa, GDF Suez, Globalvía, Grupo Numar, Guardian, Hitachi, ICA Fluor, INCOFIN, International Finance Corporation (IFC), Interamerican Investment Corporation (IIC), ISS Facility Services, John Deere, KFW DEG, Las Catalinas, Laureate International Universities, Los Sueños Resort & Marina, MAPFRE, MasterCard, Mattel, Microsoft, Millicom, Major League Baseball, Harley Davidson Motor Company, Norfund, Overseas Private Investment Corporation (OPIC), Panasonic, RGIS Inventory Specialists, PepsiCo, Pellas Development Group, Pfizer, Plycem, PriceSmart, Repretel, Scotiabank, Siemens, Sony, Swiss Re, Syniverse Technologies, Tabacón, Telefónica, Tous, Tokio Marine, Uber, UPS, Walmart, Zoetis.

Key Contacts

Managing Partner: Luis Manuel Castro
lcastro@blplegal.com

Firm Rankings

Administrative & Public Law
Band 2

8.0

Banking & Finance
Band 1

9.2

Competition/Antitrust
Band 1

Compliance
Band 2

8.0

Corporate/M&A
Band 1

Dispute Resolution
Band 2

8.7

Energy
Band 2

8.0

Environment
Band 2

8.0

Infrastructure
Band 2

8.0

Insurance
Band 1

9.0

IP
Band 3

7.3

IP: Trademarks
Band 1

Labour & Employment
Band 2

8.0

Litigation
Band 1

Projects
Band 1

Real Estate
Band 1

Real Estate & Tourism
Band 1

Tax
Band 3

7.6

TMT
Band 1

9.0

Articles

Nicaragua advances with Fintech regulation

Nicaragua has been regulating the application of technological tools in financial activities since, and to the extent that the local market requires the implementation of advances that allow more efficient processes in conducting operations with money. We understand the Fintech concept as everything related to technologies that allow financial innovation, resulting in products or tools […]

New technical rules for the AML prevention in El Salvador

The Standards Committee of the Central Reserve Bank has issued new Technical Rules for the Management of Money Laundering and Asset Laundering Risks, Financing of Terrorism and Financing of Weapons of Mass Destruction Proliferation (NRP-36). As approved by the Central Reserve Bank on September 23, 2022, the Rules will enter into effect on October 10, […]

Incentives for electric mobility

On August 31, 2022, Decree No. 40-2022, which contains the Law on Incentives for Electric Mobility, entered into force. Under this regulation, the aim is to promote the use of vehicles powered by electricity or hydrogen. Part of the objectives of the law above includes the mitigation of greenhouse gas emissions. The law establishes interesting […]

Increase in the minimum wage for the private sector 2023

On October 24, 2022, the National Salaries Council (CNS – in its Spanish acronym) agreed to increase minimum wages in the private sector. This accord will take effect on January 1, 2023, when an increase of 6.62% for all salary categories goes into effect. Additionally, the following increases will also apply to the minimum wages […]

New Public Procurement Law in Costa Rica

On December 1, 2022, the new General Public Procurement Law will enter into force, repealing the Administrative Contracting Law No. 7494 of 1996 and its Regulations. As a result, all bidding participants, companies, and public administrations must seriously prepare to address the changes under the new Law.  From its conception until realization, an ambitious reform […]

Impact of the Mining Industry in Nicaragua

Mining is one of the strongest industries with the greatest growth potential in Nicaragua. According to Central America Data, gold exports in Central America reached an increase of 387% in 2021, and Nicaragua is in the lead with $1.534.3 billion from the United States, well above its peers on the isthmus. According to official sources, mining […]

Nicaragua advances with Fintech regulation

Nicaragua has been regulating the application of technological tools in financial activities since, and to the extent that the local market requires the implementation of advances that allow more efficient processes in conducting operations with money. We understand the Fintech concept as everything related to technologies that allow financial innovation, resulting in products or tools […]

How does the foreign capital investment promotion law in Guatemala work?

In the next few days, Decree 46-2022 of the Congress of the Republic containing the Law for the Promotion of Foreign Capital Investment will come into force. With the new legislation, the Government of Guatemala seeks foreign investors to enjoy incentives, making the country attractive to the arrival of new companies.   After the law comes into […]

Legal reform allows the development of works near rivers and streams of Costa Rica

Costa Rica is a country with an abundant flow of water that brings scenic beauty and biodiversity and satisfies human needs. Despite their undeniable value, the rivers, streams, or natural reservoirs that run through private property sometimes pose heavy burdens to landowners due to the legal limitations that bodies of water present to the use […]

Special transitional law facilitates voluntary compliance with tax and customs obligations

In a session on August 24, 2022, the Legislative Assembly of El Salvador approved a special transitional law that grants facilities for the voluntary compliance of tax and customs obligations. Such law seeks to rehabilitate the situation of taxpayers who currently owe internal and customs taxes to the Tax Administration by exonerating them from fines […]

New regulations for the recovery and reactivation of MSMEs in Honduras

The approval of Legislative Decree 48-2022 Law for the Economic Recovery and Reactivation of Micro and Small Businesses and Agreement 362-2022 Regulations for the Economic Recovery and Reactivation of Micro and Small Businesses applies to all Micro and Small Enterprises (MSMEs) that have been: Incorporated in Honduras. Operating informally within five (5) years before the […]

Morgan Stanley improves outlook on El Salvador’s deteriorated bonds.

The multinational financier Morgan Stanley states that the outlook for El Salvadoran impaired bonds could improve, because “we see risk-reward” in the Salvadoran debt. El Salvador’s Eurobonds, debt issued in the international market, have been hit hard by uncertainty over whether the central government will have the capacity to pay the $800 million due at […]

Strategy takes Guatemala to new markets

Turkey, Belarus, Kenya, Taiwan, Saudi Arabia, and Canada are part of the internationalization strategy of markets that now consume food and beverages produced in the country, which has led to exports of more than $2.3 million in 2021, according to the Guatemalan Exporters Association (Agexport). Agexport’s Food and Beverages Commission, made up of the processed […]

IDB approves a $300 million loan for Costa Rica to support decarbonization

The Inter-American Development Bank (IDB) approved this Wednesday, July 20, a $300 million loan for Costa Rica aimed at supporting the National Decarbonization Plan that the country launched in 2019. The credit is composed of $250 million of ordinary capital from the IDB, plus $50 million granted by the South Korean government to be administered […]

Business Law Perspectives

BLP’s summary of the most important regional news and opportunities offers an overview of the economic, social, and political landscape of Central America at just a click away. Highlights of the week: Costa Rica began formal procedures with the IMF for a new loan of up to $700 million Some 20% of short-term public debt […]

Regulation for competition in the telecommunications market in Costa Rica: a paradigm shift

The famous English economist John Hicks was once asked: What is monopoly? To which the Nobel Prize winner replied: The quiet life (Hicks, 1935). On the other hand, competition, as the famous American judge Learned Hand said at the time: is a constant stress; the lack of competition acts as a narcotic, while rivalry is the stimulant […]

Protect competition and not attack big companies

Since the 1990s, the consensus is that competition benefits society more than state planning of the economy. Thus, consumers will be better off as long as companies have a permanent incentive to offer lower prices, better quality and service, and more innovation. The main concern in promoting competition is that companies with market power do […]

What have we learned from Conti´s cyberattacks so far?

On April 18, we in Costa Rica received the unfortunate news that the computer systems of many public institutions had been attacked by the criminal organization Conti, with the Ministry of Finance being the main target. Although much information about the transgression is yet to be elucidated and it is impossible to know the extent […]

BLP is awarded Costa Rica Firm of the Year at 2022 Awards Ceremony

BLP is awarded Costa Rica Firm of the Year at the IFLR Americas Awards 2022 ceremony IFLR announced the winners of the 2022 IFLR Americas Awards at a live ceremony at Essex House, New York, on May 19. Our team won the Costa Rica Firm of the Year award, a new prize that confirms BLP’s […]

Climate Disclosure

Over the past few months there has been a huge global increase in environmental compliance duties, to the point that, in the near future, all the companies listed on international stock exchanges would be required to publish their greenhouse gas emissions and explain the initiatives they are taking to reduce them. The most recent headline […]

The new US strategy in the fight against corruption

Through the publication in June 2021 of the National Security Study Memorandum (NSSM-1), the president of the United States, Joe Biden, recognized international corruption as a major risk to his country’s security due to its ability to erode democracy and the rule of law in nations of the world. In response to this recognition, a […]

Compliance Programs

What are compliance programs? Compliance programs (also called “compliance models”) are a set of policies, procedures, and actions that a company takes to identify and reduce the risks of breaking the Law, remedying potential violations, and generating a culture of compliance within the company. Types of compliance programs Since its purpose is to reduce the […]

An Overview of the Legal Implications for the Financial Market of El Salvador

The London Inter-Bank Offered Rate (LIBOR) has been described as the most important financial number. LIBOR is an essential component for the international financial markets, a statement proven by its widespread use worldwide. By the beginning of 2021, it was estimated that LIBOR underpinned financial contracts worth approximately US$ 200 trillion for products such as […]

Labor Compliance Obligations Central America 2022

Learn about the annual obligations that apply to your companies in each Central American countries. At BLP we can help you to ensure compliance in each country. Download each of the dates in the pdf calendar of your preference. Do not miss any of these dates and avoid fines and penalties. Continue reading

Corporate obligations guide Central America 2022

Learn about the annual obligations that apply to your companies in each Central American countries. At BLP we can help you to ensure compliance in each country. Download each of the dates in the electronic calendar of your preference. Do not miss any of these dates and avoid fines and penalties. Continue reading

Regulating prices is (almost always) a bad idea

High prices commonly lead to an attempt to control them through regulation. This remedy, while tempting, is rarely a suitable solution. Rather, price controls tend to aggravate problems before they fix them. Paradoxically, even in the face of abundant evidence and repeated examples of failure, some consumers feel protected by this type of measure even […]

Labor Compliance Obligations Central America 2022

Labor Compliance Obligations Central America 2022 By BLP Legal|21 de February de 2022|Analysis, Blog, Labor & Employment|0 Comments Learn about the annual obligations that apply to your companies in each Central American countries. At BLP we can help you to ensure compliance in each country. Download each of the dates in the pdf calendar of your preference. Do […]

Corporate obligations guide Central America 2022

Learn about the annual obligations that apply to your companies in each Central American countries. At BLP we can help you to ensure compliance in each country. Download each of the dates in the electronic calendar of your preference. Do not miss any of these dates and avoid fines and penalties. Corporate Obligations Guide 2022 […]

Modification to the Instructions for Qualifying Financial Institutions Not Domiciled in El Salvador

As of January 1, of this year, the new “Instructions for Qualifying Institutions Domiciled Abroad in the context of the Income Tax Law, Tax Law on the Transfer of Personal Property and the Provision of Services and Tributary Code” entered into force. These Instructions regulate tax benefits such as VAT exemption (currently 13%) and income […]

Obligation to update information for NGOs in Guatemala

In Guatemala, Decree number 4-2020 “Reforms to the Law of Non-Governmental Organizations for Development, Decree number 2-2003 of the Congress of the Republic of Guatemala and the Civil Code, Decree-Law number 106 of the Head of Government” entered into force, which establishes, among other provisions, the obligation of a Non-Governmental Organization (“NGO”), registered and operating […]

Permission to exercise the right to vote in Presidential Elections without salary reduction

On February 6, 2022, the Presidential Election will be held. Any employee who must work that day may go to the polls to exercise the right to vote. Our Labor Code sets forth the obligation of an employer to grant employees the time necessary to appear before their electoral domicile and cast a vote without […]

How Does the Container Crisis Affect International Trade?

We have heard a lot about the container crisis lately, but what does it mean, and how does it affect global trade and ultimately the consumer? The COVID-19 pandemic has had a series of negative impacts on the global economy such as closures of businesses and factories, shortages of raw materials and consumer goods, a […]

Can the Container Crisis be Mitigated?

The scarcity of space available in maritime transport to move goods, the exorbitant cost increases of this means of transport, closures of ports and factories, as well as saturation and delays of operations in ports, are key factors that influence the current container/supply chain crisis. The consequences of container delays include increases in the times […]

A Decade After Opening the Insurance Market to Competition

It is necessary to go back to September 1999, during the Rodríguez Echeverría administration and as part of the “National Concertation Forum”. The convenience and necessity of de-monopolizing the insurance market in order to open it up to private competition were discussed. For  promoters, the opening of the insurance market in Costa Rica would improve […]

Reform of the “Law Against Sexual Harassment in Employment and Teaching”

Reform of articles 29 and 38 of the “Law Against Sexual Harassment in Employment and Teaching” On October 6, 2021, the Executive Power signed the reform of articles 29 and 38 of the “Law Against Sexual Harassment in Employment and Teaching” (Law 7476), which was published in La Gaceta on the 20th October 2021. With […]

Our Digital Competitiveness Is Declining

By Adelina Vilallobos BLP Partner, Foreign Direct Investment Expert avillalobos@blplegal.com In time for the bicentennial came the Digital Riser report for 2021 published by the European Center for Digital Competitiveness. This report measures a country’s progress in digital transformation, based on information from the World Economic Forum. The results for Costa Rica are not as […]

The Role of Public-Private Partnerships in the Reactivation of the Economy

Luis A. Ortiz Zamora – BLP Partner lortiz@blplegal.com According to the latest Global Competitiveness Index published by the World Economic Forum (WEF), Costa Rica seriously lags in infrastructure compared to countries like top-rated Singapore. Indeed, in comparing ourselves to the other 141 qualified countries,  we rank at number 62 in infrastructure, 117 in quality of roads, […]

The country urgently needs an electricity reform

In recent years, concerns over electricity costs and the impact of such costs on the country’s productivity have increased. According to a recent CINDE study, the price of electricity in Costa Rica has risen significantly compared to that of other countries with which it competes in attracting investment. This cost is, in large part, a […]

How would a Reform to the General Customs Law of Costa Rica impact companies?

Currently before the Legislative Assembly, under file 22,364, is a draft reform to the General Customs Law, whose objective, according to the Ministry of Finance, is to strengthen customs control, fight against smuggling, facilitate trade and improve revenue collection. Analyzing the text of the proposal, which is important for companies in the logistics chain to […]

Free Trade Zone systems are ideal for attracting investment to Guatemala.

Guatemala is the largest economy in Central America but not the region’s largest exporter, being surpassed by Panama and Costa Rica, which have developed free trade zones that facilitate investment, promoting employment and the growth of their economies, to the point that, despite having much smaller populations, their quality of life is higher. Considering the […]

“Relearning labor relations”

“The illiterate of the 21st century will not be those who cannot read or write, but those who cannot learn, unlearn and relearn” Alvin Toffler. We learned labor law as a branch of legal sciences, a summation of concepts and theories, that little by little has been clashing with reality. Labor law structured for a […]

Costa Rica as a Destination for Life Science Companies

The life sciences sector has been one of the areas most impacted by COVID-19. On the positive side, certain related products and devices experienced unexpected demand in the past year, thus increasing sector progress. On the negative side, the coronavirus led to the interruption of research and development in fields unrelated to the pandemic creating […]

New Law to attract foreign investors to Costa Rica: Golden Visa

Costa Rica is an ideal country to visit, retire and invest thanks to its excellent reputation for environmental protection, globally recognized ecotourism schemes, political and social stability, legal security, and our health system. The new LAW FOR THE ATTRACTION OF INVESTORS, RENTERS AND PENSIONERS has just been approved. This law allows foreign persons who qualify as […]

The Trend Towards Health Compliance at Work

A large part of the health regulations issued in 2020 focused on the protection of employees during working hours. Thus, the decade has begun with increased attention to compliance with company health and safety regulations. Since the beginning of 2020, the authorities at the global level have been much more vigilant in compliance with health […]

Reform of the Data Protection Law in Costa Rica: Proposals for improvement

If the last few months have taught us anything, it is that the protection of personal data is transcendental, especially in the face of the inevitable digitization of society. Nevertheless, on several occasions, it has been shown that the Law on Protection of the Person against the Treatment of Personal Data (Data Protection Law) urgently […]

Cumplimiento ambiental: Un deber y una oportunidad.

El lado ambiental de un sistema de compliance: La protección al medioambiente y las prácticas sostenibles son ahora un estándar indispensable que toda compañía debe poseer, ser responsable con el ambiente se ha vuelto otro producto de negocio más para las empresas, que genera beneficios tangibles como el aumento de ventas, la revalorización de la […]

Effects of COVID-19 and the 2018 socio-political crisis of the real estate market in Nicaragua

(Nicaragua, November 2020) It is nothing new that COVID-19 came in like a hurricane in the middle of the summer. No one expected it, no one was prepared and most of the responses have been simply reactive to the situation. In Nicaragua, even with the few self-imposed measures of social distancing, we have had the […]

Costa Rica: Legal Market Overview

(Costa Rica, July 2020) Costa Rica is the most stable country in Central America, not only because the economic growth it experienced during the past years but also because of its political stability through decades. Recently, in May 2020, the members of the Organization for Economic Co-operation and Development (OECD), unanimously decided to invite Costa Rica […]

Press Releases

BLP advises on the financing of Marina Flamingo in Costa Rica

BLP has advised both Banco BCT and Marina Flamingo Development Group on granting a syndicated loan for the development of Marina Flamingo, located in the province of Guanacaste, Costa Rica. The loan in tranches is intended for constructive financing of the project’s first stage, soon to start operations. Separate BLP teams advised on the structuring […]

01 Aug 2022
BLP advises Aptean on the acquisition of RLM Apparel Software Systems

BLP has advised Aptean, a global provider of business software solutions, on the acquisition of certain assets of the Costa Rican company JD Soft de Costa Rica S.A., as part of the acquisition process of its US affiliate company RLM Apparel Software Systems (RLM). RLM is a provider of cloud-based business software solutions designed specifically […]

25 Jul 2022
BLP advises on a syndicated loan to AES in El Salvador

BLP has advised Banca de Inversión Bancolombia S.A., Banco Agrícola, S.A., and other local and foreign banks on a syndicated loan for up to $348 million, to the AES group. AES is the primary power distributor in El Salvador, and among the group of companies in El Salvador that benefited from this syndicated loan are […]

25 Jul 2022
BLP advises IDB Invest on granting a $40 million financing to Grupo Elcatex in Honduras

IDB Invest has granted a $40 million financial package to the companies Elcatex and San Juan Textiles, both members of Grupo Elcatex, one of the leading textile conglomerates in Honduras with more than 15,000 employees. The financing consists of $25 million from IDB Invest and the mobilization of $15 million. BLP advised IDB Invest on the structuring of […]

25 Jul 2022
BLP adds Rodrigo Cubero as Senior Counsel

BLP is pleased to announce the incorporation of Rodrigo Cubero, renowned lawyer and economist, as Senior Counsel. Rodrigo has a PhD in Economics from the University of Oxford, as well as degrees in law and business. He was President of the Central Bank of Costa Rica (BCCR) during the period 2018-2022. He served in senior positions […]

25 Jul 2022
BLP advised IDB Invest on a $70 million subordinated loan to Banco Agrícola S.A. in El Salvador

BLP advised IDB Invest on all matters related to closing a $70 million unsecured subordinated loan to Banco Agrícola S.A. of El Salvador. Banco Agricola will use the loan proceeds to support its supplementary capital structure and for the origination of sub-loans to small and medium-sized enterprises in El Salvador, with an emphasis on Salvadoran […]

05 Jul 2022
BLP advises Barentz International on the acquisition of Divsa in Central America

BLP has advised its client, Barentz International, a global distributor of ingredients in the life sciences industry, on the acquisition of 100% of the shares of Distribuciones Industriales Variadas, S.A. (Divsa) in a significant transaction involving eight jurisdictions (Guatemala, El Salvador, Honduras, Costa Rica, the Dominican Republic, British Virgin Islands, Panama, and Mexico.) Divsa is […]

05 Jul 2022
BLP advises IDB Invest on the issuance of the first Sustainability Bonds in El Salvador

IDB Invest and Banco Promerica S.A., El Salvador (Banco Promerica) joined forces to issue the first Sustainability Bonds in El Salvador to finance green and social projects. BLP acted as legal advisor to IDB Invest in El Salvador during the transaction. IDB purchased the entire first tranche of $20 million out of a $100 million […]

04 Jul 2022
BLP is awarded Costa Rica Firm of the Year

BLP is awarded Costa Rica Firm of the Year at the IFLR Americas Awards 2022 ceremony IFLR announced the winners of the 2022 IFLR Americas Awards at a live ceremony at Essex House, New York, on May 19. Our team won the Costa Rica Firm of the Year award, a new prize that confirms BLP’s […]

27 Jun 2022
BLP is awarded the Deal of the Year award for its advice to Avianca to emerge from Chapter 11 process

BLP is awarded the Deal of the Year award by Latin Lawyer for its advice to Avianca to emerge from Chapter 11 process By BLP Legal|6 de May de 2022|Blog, Costa Rica, News|0 Comments Latin Lawyer announced the winners of its 16th annual Deal of the Year Awards at a charity dinner in São Paulo, Brazil, on May […]

27 May 2022
BLP: Advises Grupo Unicomer on the acquisition of CrediScotia Financiera in Peru

BLP has advised Grupo Unicomer on acquiring the consumer credit finance company CrediScotia Financiera, a subsidiary of Grupo Scotiabank in Peru. The transaction closing is still pending authorization from the Superintendency of Banking, Insurance, and AFPs (SBS), the Peruvian supervisor of financial entities. This acquisition will enable Grupo Unicomer to enter the Peruvian market. Grupo […]

27 May 2022
BLP advises Emergent Cold Latin America (Emergent Cold LatAm) on the acquisition of Bodegas Frías in Guatemala

Emergent Cold Latin America (Emergent Cold LatAm), the fastest-growing cold storage and logistics services provider in Latin America, has acquired Bodegas Frías, the largest operator in Guatemala. BLP advised its client on all matters related to the acquisition, including performing due diligence on corporate, environmental, real estate, litigation, intellectual property, and regulatory issues to complete […]

27 May 2022
BLP advises Empresas AquaChile on the sale of Grupo ACI in Costa Rica

BLP has advised Chilean company Agrosuper and its subsidiary Empresas Aquachile S.A., the world’s second-largest salmon farmer, on the sale of Grupo ACI S.A., a leading Costa Rican company in the tilapia aquaculture industry, to Industrias Martec (one of the largest marine fish processing and mariculture companies of Central America). The sale of Grupo ACI […]

03 May 2022
BLP advises ASSA Compañía de Seguros, S.A. in the acquisition of the insurance operations of Triple – S in Costa Rica

BLP has advised ASSA Compañía de Seguros, S.A. in the acquisition of the insurance operations of Triple – S in Costa Rica. The firm’s advice involved all aspects of the transaction, including the due diligence process, regulatory and competition issues for the approval of the transaction by the General Superintendency of Insurance (SUGESE) and the […]

05 Apr 2022
BLP advises on the first issuance of a Social Bond in Costa Rica

BLP advises on the first issuance of a Social Bond in Costa Rica aimed to support the country’s SMEs and BN Mujer Program IDB Invest, FinDev Canada, and BNCR support SMEs in Costa Rica with the country’s first issuance of a Social Bond. BLP has advised our clients, IDB Invest as lead arranger and investor, and FinDev Canada as an investor in connection […]

05 Apr 2022
BLP promotes Intellectual Property specialist to Partner

As part of its human talent development strategy, BLP has promoted IP specialist Pamela López to Partner, increasing our Central American partnership to 34. Pamela’s appointment will strengthen the already established Intellectual Property practice in Guatemala, which is recognized as Band 1 by Chambers and Partners, Tier 1 by The Legal 500, and Gold Firm by WTR […]

05 Apr 2022
BLP is recognized as Pro Bono Leading Light 2021

BLP is recognized as Pro Bono Leading Light 2021 Latin Lawyer and the Cyrus R. Vance Center once again recognize BLP as a Pro Bono Leading Light. This recognition highlights the commitment to the pro bono work of our lawyers while celebrating the notable contribution of Sustainability by BLP to strengthening the pro bono culture […]

03 Mar 2022
BLP has advised IDB Invest on its senior loan for up to US$70 million to Pantaleon S.A.

BLP has advised IDB Invest on its senior loan for up to US$70 million to Pantaleon S.A., to finance: (i) its industrial and agricultural fixed investment plans, including the implementation of green projects; and (ii) its working capital needs, including advance payments to sugarcane producers. The main development objectives of the loan from IDB Invest […]

26 Jan 2022
BLP has advised IDB Invest on its senior loan for up to US$25 million to American Industrial Park

BLP has advised IDB Invest on its senior loan for up to US$25 million to American Industrial Park S.A. de C.V. (AIP). AIP, is one of the leading companies in El Salvador in the construction and administration of free trade zones and industrial parks, with more than 25 years of experience in the market. It […]

26 Jan 2022
BLP has advised IDB Invest on its combined long-term and medium-term loan of up to US$23 million

BLP has advised IDB Invest on its combined long-term and medium-term loan of up to US$23 million to Grupo Desarrollador de Parques Industriales S.A to develop the Green Park Industrial Park in the Coyol area on the outskirts of Alajuela. The financing will be used for the construction of several industrial buildings within the Green […]

26 Jan 2022
El Salvador: BLP advised The Prudential Insurance Company of America and Cigna as lenders in a $115 million senior note private offering

BLP advised The Prudential Insurance Company of America and Cigna as lenders in a senior note private offering of an aggregate amount of $115 million. The private placement was purchased by one or more investment funds or managed accounts by Prudential Private Capital, Inc., and Cigna Investment Inc. Procaps´ subsidiaries, including Salvadoran subsidiaries Procaps S.A. […]

17 Dec 2021
El Salvador: BLP has advised PROPARCO on a $30 million loan aimed at SMEs run by women in El Salvador

BLP has assisted PROPARCO in making an unsecured $30 million loan facility available to Banco Cuscatlan, S.A. The proceeds of the loan will be used by Banco Cuscatlán to make sub-loans to eligible sub-borrowers, including women-led/owned small and medium-sized enterprises in El Salvador. This transaction is intended to provide support to small and medium-sized companies […]

17 Dec 2021
Costa Rica: Giselle Reuben is elected to the new Executive Committee of ASIPI for the period 2021-2023

At the ASIPI General Assembly held on December 1 in Punta Cana during the XXI Congress of the Association, the new Executive Committee that will lead the Association until December 2023 was elected. The incoming Executive Committee consists of Enrique Díaz (Mexico) as President, Luis Henriquez (Venezuela) as Vice President 1, Jorge Chávarro (Colombia) as […]

17 Dec 2021
BLP is awarded as a leader in diversity and inclusion

During the Chambers Latin America Awards ceremony held in Miami, Florida, BLP was recognized for its excellence in customer service and its innovative diversity and inclusion program by winning the Costa Rica Firm of the Year and Diversity and Inclusion awards.   This is the eighth time, and the seventh in a row, that BLP has […]

17 Dec 2021
Reform of articles 29 and 38 of the “Law Against Sexual Harassment in Employment and Teaching”

Reform articles 29 and 38 of the “Law Against Sexual Harassment in Employment and Teaching” On October 6, 2021, the Executive Branch signed the reform of articles 29 and 38 of the “Law Against Sexual Harassment in Employment and Teaching” (Law 7476), which was published in La Gaceta on October 20, 2021. With this amendment, […]

01 Nov 2021
BLP establishes a new office in the Pacific coastal area of Costa Rica

To provide the timeliest service to clients with business operations in the coastal area of Guanacaste, Costa Rica, BLP opens a new office in the beach community of Las Catalinas. The new location will focus on real estate transactions under the direction of BLP’s renowned Real Estate & Hospitality practice, made up of specialists in […]

01 Oct 2021
BLP advised IDB Invest on an important financing project in El Salvador that will contribute towards securing energy efficiency and cost savings

BLP has advised IDB Invest, the private arm of the Inter-American Development Group, on an important financing  project  in El Salvador. As administrator to  the Canadian Climate Fund for the Private Sector in the Americas, the IDB Invest has agreed to grant loans to Capella Solar S.A. de C.V. and Providencia Solar S.A. de C.V. – both affiliates of Neoen, the project’s Sponsor- to finance […]

01 Sep 2021
BLP advised Inversiones Financieras Grupo Azul, S.A (“IFGA”) on the acquisition of the shares of Banco G&T Continental El Salvador, S.A. and its subsidiary G&T Continental, S.A. de C.V., Casa de Corredores de Bolsa

BLP has advised its client Inversiones Financieras Grupo Azul, S.A (“IFGA”) on the acquisition of the shares of Banco G&T Continental El Salvador, S.A. and its subsidiary G&T Continental, S.A. de C.V., Casa de Corredores de Bolsa. BLP’s advice included: Everything related to the due diligence process on the target. The structuring of the transaction. The preparation of […]

28 Jul 2021
BLP advised Grupo Orbis in the acquisition by AkzoNobel

BLP advised the seller, Grupo Orbis (Pintuco) in this important transaction at the regional level, participating in Costa Rica, Nicaragua, Honduras, El Salvador and Guatemala, as well as coordinating work in Panama. BLP’s advice included the entire internal process of due diligence on the part of the seller in the jurisdictions of Central America, as well […]

28 Jul 2021
BLP advised in US$60 million dollar funding FMO – Banco La Hipotecaria Deal

BLP advised NEDERLANDSE FINANCIERINGS-MAATSCHAPPIJ VOOR  ONTWIKKELINGSLANDEN N.V. (“FMO”) in its  US$60 million dollar funding alongside BANCO LA HIPOTECARIA, S.A. (Panama) and LA HIPOTECARIA, S.A. DE C.V. (El Salvador). BLP’s role was to advise FMO in the review of the facility agreement under local law perspective and execution thereof as well as in the  planning, negotiation, […]

28 Jul 2021
BLP advises IDB Invest in the granting of a loan to Calox de Costa Rica

BLP has advised IDB Invest, a member of the IDB Group, in the granting of a $14 million senior secured loan to Calox de Costa Rica S.A. (Calox), and other subsidiaries of the group. The loan enables Calox to obtain substantial improvements in its productive capacities and seek international certifications that validate the quality of […]

28 Jun 2021
BLP advises Corporación Multi-Inversiones (CMI) on the largest placement of green bonds by a 100% renewable energy company in Central America and the Caribbean

The BLP Costa Rica team advised Citigroup Global Markets Inc. and J.P. Morgan Securities LLC on the issuance by Investment Energy Resources Limited of $700 million in Secured Notes with a Fixed Rate of 6.250% maturing in 2029. The firm also advised Banco Latinoamericano de Comercio Exterior, SA, Banco Industrial, SA, Westrust Bank (International) Limited, […]

28 May 2021

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