A free transfer is when the donor (transferor) bestows a benefit or right without being paid, even though the transfer may be subject to the fulfillment of certain conditions, such as an inheritance, donation, or prize. The taxpayer in this type of conveyance is the party who accepts the benefit or right (transferee) since they receive an income. A donation deductible under article 39 of the Tax Agreement Law is exempt since it receives a different tax treatment. Our focus here is solely on transfers considered capital gains for the recipient...
At BLP we are proud to have a carefully selected and truly exceptional team of professionals, who provide a globalized focus that allows them to offer innovative solutions to our clients facing complex legal matters. We look for outstanding individuals who have the skills and potential to lead in every project they undertake. Our attorneys are highly regarded by multiple rankings and reputable publications. A high percentage of them have continued pursuing post-graduate education in some of the best schools in the US and Europe, which gives them a truly comprehensive and global perspective that is brought to every project and transaction on which they work.
BLP's attorneys are differentiated not only by their education, but by their ability to think outside the box, and devise practical and cost-effective answers for our clients’ needs. All members of the team are characterized by their in-depth knowledge of all the industries and sectors to which the firm caters, and their ability to work in interdisciplinary teams to provide integrated results that always exceed expectations. The excellent legal team at BLP has made it possible for the firm to participate in important infrastructure, financing, and corporate projects on a global scale. Contact us, and allow us to propose a new way to implement the decisions your business requires to succeed.
Areas of Practice
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...
BLP advised IDB Invest on the granting a loan of up to $115,000,000 to Banco Davivienda (Costa Rica) S.A. to increase climate financing in Costa Rica
BLP has advised IDB Invest on the grant of a loan of up to $115,000,000 to Banco Davivienda (Costa Rica) S.A. financed by IDB Invest and several external lenders. The loan will be used to expand Davivienda’s portfolio of green products and favor the reduction of greenhouse gas emissions through support and financing of the environmental and social agenda of banks in Costa Rica to enable the offering of customized green financial resources...
BLP has advised EVERTEC, Inc. (EVERTEC, or the Company) in Costa Rica and Guatemala on the refinancing of its existing credit facilities; the new credit lines consist of $200 million of extended revolving credit and a $415 million term loan A, both maturing on December 1, 2027. The new term loan and a $50 million disbursement from the revolving credit funded the repayment of the Company’s existing Term Loan A and Term Loan B in full. Truist Securities, Inc. acted as joint lead arranger, administrative agent, and collateral agent for the transaction, with Banco Popular de Puerto Rico and Citizens Bank, N.A...