BLP advised Grupo Orbis on being acquired by AkzoNobel

BLP advised Grupo Orbis on being acquired by AkzoNobel

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 ...
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Minimum wage increase in El Salvador

Minimum wage increase in El Salvador

On July 6, 2021, the Minimum Wage National Council approved the respective decrees to increase the minimum wage for all sectors of the economy including commerce, services, industry, textile maquilas, agroindustry, and agriculture. The decrees were submitted to the Executive ...
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BLP has advised Inversiones Financieras Grupo Azul on the acquisition of Banco G&T Continental in El Salvador

BLP has advised Inversiones Financieras Grupo Azul on the acquisition of Banco G&T Continental in El Salvador

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:

...
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Classification criteria for Large Taxpayers in Costa Rica

Classification criteria for Large Taxpayers in Costa Rica

The General Directorate of Taxation of Costa Rica has issued a communication that establishes the classification criteria to qualify as a Large Taxpayer (Resolution of the General Directorate of Taxation No. DGT-R-22-2021

Taxpayers who meet any ...
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Costa Rica as a haven for life science companies

Costa Rica as a haven 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 ...
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BLP advises IDB Invest in the granting of a loan to Calox de Costa Rica

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 loan of $14 million to Calox de Costa Rica S.A. (Calox).  The loan enables Calox to obtain substantial improvements in its productive capacities and ...
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Rapprochement with the United States opens new routes for foreign investment in the northern triangle of Central America.

Rapprochement with the United States opens new routes for foreign investment in the northern triangle of Central America.

The Vice President of the United States of America, Kamala Harris, visited Guatemala on June 6 and 7, 2021. During her visit, she highlighted issues ...
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