---
title: "#CostaRica 🇨🇷 #APriori_Reports: Precautionary Measure Suspends Prohibition on Using Special Powers of Attorney in Statement Forms on the Transparency Registry of Ultimate Beneficial Owners"
description: Precautionary Measure Suspends Prohibition
image: https://publicaciones.bdsasesores.com/hubfs/notary-documents-with-pen-wooden-gavel-stamp-isolated.jpg
---

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##### Apr 30, 2024 10:00:00 PM

##### 1 min. read

# #CostaRica 🇨🇷 #APriori\_Reports: Precautionary Measure Suspends Prohibition on Using Special Powers of Attorney in Statement Forms on the Transparency Registry of Ultimate Beneficial Owners

On April 19th, the Administrative Contentious Court of the Second Judicial Circuit of San Jose **granted the provisional precautionary measure** requested by the Costa Rican Bar Association against the third paragraph of Article 5 of Executive Decree No. 44,390-H containing the Regulation on the Transparency Registry and Ultimate Beneficial Owners, which **eliminated the possibility of using special powers of attorney** when submitting statement forms to the **Transparency Registry of Ultimate Beneficial Owners**.

Now, this **raises the following question:** "Is it possible to submit the statement form on ultimate beneficial owners during this period of suspension using a **special power of attorney**?"

The Administrative Contentious Court has concluded that, since it concerns the **suspension of a statute,** those already established in the legal system must continue to be used. Therefore, **it is indeed possible** to complete a Transparency Registry and Ultimate Beneficial Owners statement form **through a special power of attorney**, until the **deadline of July 31st of the current year.**

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