News

November 18, 2019

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Law # 9736 strengthening Costa Rican competition authorities enters into force today following publication in the official bulletin «La Gaceta». Under this law, the Competition Commission (COPROCOM) will become a full-time administrative tribunal and its budget will be significantly increased. Also, both the COPROCOM and the Superintendence of Telecommunications (SUTEL) will have more powers to conduct antitrust investigations, market studies and competition advocacy activities. The law introduces new pre-merger notification thresholds, new procedural rules and stronger penalties for antitrust violations. See the full text of law # 9736 here: https://link.btalegal.com/ley9736

October 15, 2019

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Dispute boards can be a useful mechanism for resolving disputes in construction and infrastructure projects.  Our partner, Alberto Fernández-López, moderated a panel on the role of dispute boards in infrastructure projects held today at the Costa Rican Congress.

October 4, 2019

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Arbitration Day 2019, organized by the Costa Rican Young Arbitrators group, was held today at the Costa Rican Bar Association in San José. BTA Legal co-sponsored the event and our partner Alberto Fernández-López was one of the main speakers.

September 5, 2019

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The President of Costa Rica today signed the new law strengthening Costa Rican competition authorities, which was passed by Congress on August 29. Under this law, the Competition Commission (COPROCOM) will become a full-time administrative tribunal with more powers to investigate cartels and other anticompetitive practices. Also, new proceedings and stronger penalties will apply. The law will enter into force on the date of publication in the official bulletin «La Gaceta.»

August 16, 2019

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Chambers and Partners, a top legal directory, recognizes BTA Legal in its recently published 2020 Latin America edition. In Dispute Resolution: Most in Demand Arbitrators in Costa Rica, our partner Alberto Fernández-López ranks band 1. According to Chambers: «Alberto Fernández López maintains a leading reputation in the Costa Rican arbitration circle. One source notes that ‘he is very capable in domestic and international arbitration,’ while another comments: ‘He is a very active, skilled arbitrator.'»

July 26, 2019

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Law # 9708 authorizing the Costa Rican Government to issue international bonds for up to US$1.5 billion was published on July 24, 2019 in the official bulletin “La Gaceta.” The law spells out several rules and conditions for this Eurobond issue, including rules that the Finance Ministry will have to follow regarding the selection of international banks and advisors. See the full text of Law # 9708 here: http://link.btalegal.com/l2q

July 8, 2019

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Several legal reforms are pending approval in the Costa Rican Congress as part of the process of the country’s accession to the OECD, including amendments to competition laws aimed at strengthening competition authorities and improving investigation and merger review proceedings. Our partner Alan Thompson analyzed these issues in an interview today on the radio program Alto Voltaje in San José. Watch the full interview here: http://link.btalegal.com/f2x

May 30, 2019

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Our partner Alan Thompson attended the 5th Central America Finance & Investment Forum, organized by Latin Finance and sponsored by BAC Credomatic and the Central American Bank for Economic Integration. The event took place today in San José. The minister of finance and the president of the Central Bank of Costa Rica were among the main speakers.

May 29, 2019

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Law # 9689 amending Costa Rica’s Free Zone Law was published today in the official bulletin “La Gaceta.” The purpose of this amendment is to adapt rules governing free zone services companies to the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS). Regulations spelling out new requirements for free zone services companies must be issued by the Executive Branch within 3 months following publication of this amendment.

May 2, 2019

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A presentation titled “The arbitral process under the new arbitration regulations of the Chamber of Commerce Conciliation and Arbitration Center” was held today at the Chamber of Commerce in San José. BTA Legal co sponsored the event and our partner Alberto Fernández-López participated as one of the main speakers.

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