The Legal 500

Costa Rica

Share this page

Editorial

Legal market overview

In terms of political stability and social peace, Costa Rica can clearly be seen as a role model in the Central American region, which, in combination with its steadily growing and export-orientated economy, continues to draw foreign investors to the country. With current economic growth running at 4.4% and its proactive and continuous opening to international trade agreements (such as its most recent free trade agreement with Colombia in April 2014), the country’s industrial and agricultural sector continues to flourish – despite some concerns about the country’s current tax deficit.

This sustained and relatively healthy economic landscape has facilitated the establishment, development and growth of a sophisticated legal market, increasingly dominated (certainly in the core banking and finance, and corporate areas) by regional firms including Arias & Muñoz, Consortium – Laclé & Gutiérrez, Pacheco Coto and BLP; the latter increased its local presence in mid-2015 by opening a third Costa Rican office in Guanacaste, and also strengthened its competition and IP practices via a merger with boutique firm Weinstok Abogados. Other key regional players include Aguilar Castillo Love, Gómez y Galindo - LatamLex, CENTRAL LAW Costa Rica and Lexincorp with further stiff competition coming from strong local practices such as Facio & Cañas, LLM Abogados, Sfera Legal and Zürcher, Odio & Raven.

 

Press releases

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to

Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Managing Intellectual Property IP Stars 2016

    Managaing Intellectual property has come up with its  IP Stars  2016  guide on Patents and Trademarks & Copyright and has recozined its senior practitioners under the following categories:
  • Anand and Anand recognized in Asia-Pacific Innovative Lawyers 2016 report

    Anand and Anand has been recognized amongst the FT25 Asia Pacific Headquartered law firms in the FT Asia-Pacific Innovative Lawyers 2016 Report. 
  • BASCAP 25 Best Practices

    ANAND AND ANAND convened a meeting with the ICC and BASCAP officials on 17th May 2016 for assessing the BASCAP 25 Best Practices vis-a-vis the level of copyright and trademark enforcement and protection in India. The discussion panel involved representatives from leading brands and Mr. Pravin Anand who suggested inputs to the proposed document. The document will be submitted to the Indian Government ahead of the BRICS Summit in October 2016.
  • LEASED LABOR IN KAZAKHSTAN: HAS THE NEW LABOR CODE LEGALIZED IT?

    Yuliya Chumachenko, Partner, AEQUITAS Law Firm
  • Austria: Shareholder Agreements - Back to Normal?

    On 1 January 2015 the act to amend regulations for partnerships, as defined under the Austrian Civil Code (GesbR-Reformgesetz – GesbR-RG, BGBl I 83/2014), entered into force. read more...
  • Czech Republic: New developments in contract registration

    The brand new Contract Register Act came into effect on 1 July 2016 (the Act). After 1 July 2016, contracts concluded with certain subjects, such as the state (the Czech Republic), state fund, etc., need to be published in the register of contracts (the "Register").If a contract is not published in the Register within three months of its conclusion, it is considered invalid from the outset (as if the contract was never concluded). read more...
  • What businessmen should know about legislative changes with major and interested transactions?

    It is well known that before making significant managerial decisions, the general director must obtain approval from the shareholders or the board of directors. Apart from that, if a director is personally interested in entering into a transaction, approval is also required to proceed with the transaction. In the absence of such an approval, the transaction can be challenged and, in certain circumstances, invalidated. In order to minimize such risks and to eliminate legal uncertainty for the parties to the transaction, the rules governing major transactions and interested transactions must be sufficiently clear. Previously, however, the application of these rules was associated with a large number of controversial legal issues, which were finally solved as a result of the legislative amendments, which will enter into force on January 1, 2017. According to the new amendments, the distinction between major and non-major transactions has been delineated more clearly, parties have been allowed more flexibility in relation to approving transactions, the burdensome obligation to obtain prior approval of interested transactions has been abrogated, and finally the procedure for challenging transactions in question has been made much more complex. Overall, the changes should have a positive influence on business, as they contribute to the establishment of firm legal certainty in this area of the law. 
  • Are you up to date on important Polish labour law matters?

    As an employer it is vital that you are informed on new labour law related issues that could negatively affect your organisation. In this legal insights we explore a number of these important legal points. read more...
  • A Maltese Solution for Swiss Asset Managers

    Until very recently the Swiss asset management industry relied exclusively on self-regulation and was allowed to operate and develop somewhat independently from European regulation. It is now confronted with major regulatory changes which will align Swiss laws and regulation with AIFMD and MIFID. Gone are the days where Swiss asset managers could be independent and unregulated. Swiss asset managers will now be subject to EU-like forms of authorisations and prudential supervision which will have a transformative impact on the Swiss asset management industry and bring additional costs, most notably compliance and operational costs, which will invariably adversely affect smaller independent asset managers.
  • INDIAN E-COMMERCE (B2C) MARKET CAN GROW FASTEST TO CROSS $100 BILLION BY 2020!

    BY: Sidharth Goyal & Anita Aswal

Press Releases worldwide

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to