A free transfer is when the donor (transferor) bestows a benefit or right without being paid, even though the transfer may be subject to the fulfillment of certain conditions, such as an inheritance, donation, or prize. The taxpayer in this type of conveyance is the party who accepts the benefit or right (transferee) since they receive an income. A donation deductible under article 39 of the Tax Agreement Law is exempt since it receives a different tax treatment. Our focus here is solely on transfers considered capital gains for the recipient...
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At BLP we are proud to have a carefully selected and truly exceptional team of professionals, who provide a globalized focus that allows them to offer innovative solutions to our clients facing complex legal matters. We look for outstanding individuals who have the skills and potential to lead in every project they undertake. Our attorneys are highly regarded by multiple rankings and reputable publications. A high percentage of them have continued pursuing post-graduate education in some of the best schools in the US and Europe, which gives them a truly comprehensive and global perspective that is brought to every project and transaction on which they work.
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Government of Guatemala Issues National Strategy Plan to Reopen Activities in the Country
The Ministry of Public Health and Social Assistance recently published Ministerial Agreement 144-2020 that contains the national strategy for controlling the epidemic COVID-19 and confinement conditions. This is to complement the presidential provisions dated May 31, 2020 that were published on June 1, 2020 and which ratify the validity of the provisions of May 14 with some adjustments to them: Curfew of 18:00 ( AM) at 5:00 pm (PM), change of hours for supermarkets, banks, markets, authorization of commercial activities and services in individual premises that are not in shopping centers, among others...
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BLP Advised Bain Capital in Investments in MRO Holding
BLP has advised Bain Capital Special Situations on its preferred equity investment in MRO Holding, Inc., a world-class aircraft maintenance repair and overhaul company operating in El Salvador, México, Colombia, and the United States and which is a holding of Aeromantenimientos S.A., a leading provider of airframe heavy maintenance in El Salvador. The first tranche closed on 31 July 2024, and the second tranche will close following customary antitrust procedures in Mexico and El Salvador. BLP assisted in the due diligence of the Salvadoran subsidiaries, revision of the transaction documents, and assessment of the local regulatory permits applicable to the transaction...