Gloriana Fajardo
Author Archive

Gloriana Fajardo

RENEGOTIATION OF CONTRACTS IN THE CASE OF FORCE MAJEURE
BusinessEconomyReal Estate

Due to the current state of emergency declared in Costa Rica because of the COVID-19 pandemic, questions have arisen regarding whether it is possible to renegotiate contracts instead of terminating them. If a business is facing financial difficulties, those businesses should ensure that contracts are not terminated and that renegotiations

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bill to pass
BusinessLandlord/TenantReal Estate

This past Tuesday, March 24th, a new bill was received by the Legislative Branch pertaining to a proposed moratorium on judicial and administrative evictions, which means that landlords would not be able to evict their tenants if they fail to pay rent during the term of this moratorium. This law would aim

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General guidelines for Condominiums due to health alert by Coronavirus (COVID-19)
Landlord/TenantReal Estate

On March 22nd, 2020, the Department of Health published the latest version of these guidelines applicable to commercial and residential condominiums, as part of the preventive and mitigation actions dictated for addressing the alert by COVID-19. These guidelines will be reviewed periodically, and the latest version will be published in the

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Judicial Courts Suspend Non-essential Services
GovernmentLegal Services

The magistrates adopted the measure of suspending all non-essential services of the Court System, due to the health risk to which workers and users are exposed by the COVID-19 epidemic. This measure starts today, March 23rd and will last until April 13th. This means that complaints filed and unanswered prior

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BusinessCorporationsGovernmentTaxes

The Revenue service of the Ministry of Finance (Hacienda) announced at the beginning of 2019, that they will request the Public Registry for the dissolution of 74,185 corporations, which together owe the revenue service more than ¢ 10,600,000,000 (Roughly $17,500,000 USD) for failing to pay the corporate taxes, for three

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