Founded in 2003, BLP Abogados emphasises the importance of using business know-how when applying the law, hence its name, which stands for Business Law Partners. The firm draws on the expertise of its network of correspondent firms in Guatemala, El Salvador, Honduras, Nicaragua and Panama, to serve both local and multi-lateral banking entities among its range of clients....
[more]
Founded in 2003, BLP Abogados emphasises the importance of using business know-how when applying the law, hence its name, which stands for Business Law Partners. The firm draws on the expertise of its network of correspondent firms in Guatemala, El Salvador, Honduras, Nicaragua and Panama, to serve both local and multi-lateral banking entities among its range of clients.
One client, who has had an ongoing relationship with the firm, reports, "They're very knowledgeable, very helpful. They have really come through." A new client adds, "When we had a question they always had direct knowledge; their answers were very relevant and to the point." She also notes that the firm's billing is, "in line with what we pay in other countries."
In a deal that closed in February 2011, BLP advised the Belgian Investment Company for Developing Countries (BIO) on a $10 million loan to Banco Improsa. The six-year loan will be used by Banco Improsa to support the growth of small- and medium-sized companies located in El Salvador, Guatemala, Honduras and Nicaragua.
And in December 2010, BLP advised the Dutch and German development banks, FMO and DEG respectively, on a joint loan of $49 million to borrower Consorcio Corporativo Cubujuqui and guarantor Cooperativa de Electrificación Rural de San Carlos. The proceeds of the loan will be used to finance the construction and operation of a hydroelectric plant that will serve the Northern region of Costa Rica, at a total cost of $65.5 million. The plant is scheduled to begin operations within the next two years.
[hide]