BLP

The Ministry of Public Health and Social Assistance recently published Ministerial Agreement 144-2020 that contains the national strategy for controlling the epidemic COVID-19 and confinement conditions. This is to complement the presidential provisions dated May 31, 2020 that were published on June 1, 2020 and which ratify the validity of the provisions of May 14 with some adjustments to them: Curfew of 18:00 ( AM) at 5:00 pm (PM), change of hours for supermarkets, banks, markets, authorization of commercial activities and services in individual premises that are not in shopping centers, among others...

The Costa Rica´s General Directorate of Customs issued the statement DGA-010-2020, which expands the list of products for surgical use that have export and re-export restrictions, which they had initially established through directive DGA-003-2020. The products added are as follows: Mono-glasses: Mono-glasses with indirect ventilation, transparent lens, foam covered frame and adjustable headband. Ergonomic and panoramic design. HSC: 9004.90.10.00.90 Mask: N95 masks. HSC: 6307.90.20.00.90. Gloves: Nitrile gloves (size L, M and S). HSC: 4015.19.00.00.00 Robes: Disposable robes. HSC: 6210.10.90.00.00. Mask: Disposable surgical masks. HSC: 6307...

BLP has advised Cementos Progreso Holdings, S.L. on the $335 million acquisition of assets from Cemex, S.A.B of C.V. in Costa Rica and El Salvador. Our international teams performed due diligence and provided local legal advice on the signing of an agreement by Cementos Progreso Holdings S.L. (“Cementos Progreso”) to acquire the Costa Rican and Salvadoran subsidiaries of the business group CEMEX, S.A.B. of C.V. (“CEMEX”). The closing of the transaction is subject to pending approvals and other agreed-upon conditions, as stipulated by BLP in both jurisdictions...

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 Park Industrial Park, which will increase the availability of industrial facilities in Costa Rica. This will attract Direct Foreign Investment, mainly focused on life sciences, technology, and shared services clusters, and aligned with the global trend of “Near-shoring”, where Costa Rica is a significant regional player...