News
GT: Resolution of the Constitutional Court regarding the banking secrecy
August, 2019
RESOLUTION OF THE CONSTITUTIONAL COURT REGARDING THE BANKING SECRECYFile 3267-2018On August 5, 2019, the Constitutional Court issued the ruling that unfavorably resolves the partial general unconstitutionality against article 30 "C" of the Tax Code.In that order, prior obtaining a court order,...
Read moreArias Nicaragua advises Banco Lafise Bancentro on a DPR transaction
August, 2019
Arias acted as Nicaraguan counsel to Banco Lafise Bancentro in the sale, assignment, transfer, and conveyance of all the bank´s Diversified Payment Rights and all collections thereunder to a Cayman Islands entity, as well as an issuance of bonds with the participation of the Bank of New York Mellon,...
Read moreBill No. 21.292 intends to allow non-resident banks to open a local branch in Costa Rica
August, 2019
As part of the process of entering the OECD and with the aim of guaranteeing financial stability, the Costa Rican congress recently approved a Bill of Law allowing branches of foreign banks to operate in Costa Rica and form part of the National Banking System.Currently, only locally constituted corp...
Read moreARIAS HAS BEEN NOMINATED AT THE LATIN AMERICAN ENERGY AND INFRASTRUCTURE AWARDS
August, 2019
Over the years, we have seen how the economy in Latin America has had positive and negative changes, some countries achieve economic expansion and others with lack of growth and negative development indicators due to either internal or external factors. For the firm - ARIAS – those projects that ben...
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