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Editorial

Over several decades now, Costa Rica has remained at the forefront of the Central American region: the country has been following an outward-growth strategy starting in the 1990s, has invested in education and steadily remained open to foreign investments to push its economic growth year by year, enabling several industry sectors to flourish amidst political stability and gradual trade liberalisation. Due to forward-thinking environmental policies, the country was further able to add a reputation as a sustainable and green nation to its profile: the renewable energy industry is one of the strongest markets in Costa Rica, while the agricultural and industrial sectors and tourism contribute to the country’s strong economic position in the region as well. But despite the solid growth, Costa Rica is still facing challenges in the form of a deteriorating fiscal situation, a problem that the current government under Luis Guillermo Solis is trying to address.

In 2016, the sophisticated legal market in Costa Rica saw two highly reputed firms merging: the former Batalla Abogados partnered up with tax boutique Aseores Fiscales Corporativos to form Batalla Salto Luna, which will increase competition not only between other strong domestic firms such as LLM Abogados, Sfera Legal and Zürcher, Odio & Raven, but which also creates a counterbalance in the corporate and tax sphere for dominant regional players such as Arias & Muñoz, BLP, Consortium Legal and Pacheco Coto. The regionalisation of firms continues to play a significant role in Central America and 2016 saw an increasing number of firms such as Gómez y Galindo – LatamLex and Expertis GHP Abogados expanding their visibility and impact in the market.

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