Copyright Law to Costa Rican Parliament

In Compliance with the FTA, the Government sent Congress draft legislation that criminalizes the infringement of intellectual property rights.

Wednesday, April 22, 2009

As part of the framework Agenda for the Implementation of the Free Trade Agreement with the United States, Central America and Dominican Republic, the Ministry of Foreign Trade (COMEX) has sent a reform to the Law on Copyright and Related Rights to Congress for debate.

Journalist Esteban Mata wrote for La Nación of Costa Rica: "Bill 17.264 extends the coverage of copyrights and related rights to prevent musical works from being performed or interpreted without payment to the agents or authors."

More on this topic

Honduras: Law Simplifies Creation of Companies

January 2014

Companies created under this decree may have only one partner, and a minimum capital that is strictly voluntary.

The "Law for employment generation, promotion of entrepreneurship, business formalization and protection of investor rights" passed by Congress aims to promote business and employment generation in the country.

Subordinated Debt Law in Costa Rica

December 2010

The Legislative Assembly of Costa Rica approved a new law which allows banks to issue bonds or subordinated bonds.

This type of security, with a higher risk than traditional debt issues, pays last in case the company goes bankrupt.

Private banks were already allowed to issue such bonds, the new law now authorizes the state to do so.

Pressure from the OECD and the Free Trade Zones

April 2009

Given the commitment by Costa Rica to make its tax system more transparent, the private sector reiterated the need to change the rules for the Free Trade Zones.

Companies have requested for the Government to start a bill in the legislature to reform the free trade zone rules. This reform would allow companies operating under the free trade zone scheme to meet the requirements of the World Trade Organization (OMC).

Law on Marinas rejected in Costa Rica

October 2008

The Constitutional Court put a stop to reforms that lawmakers approved for the Law of Concessions for Marinas and Tourist Docks.

Magistrates of the Court reviewed the project that was approved by Congress on 9 September and ruled that it lacks substance and needs to be corrected.

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