What happened between Daddy Yankee and his ex-wife Mireddys González?
Puerto Rican singer Daddy Yankee and his ex-wife Mireddys González announced their divorce in December 2024 after nearly 30 years of marriage. The couple had built and co-managed several companies, including the record label El Cartel Records. Following their separation, legal conflicts arose regarding the management of shared funds and business control, prompting Daddy Yankee to initiate proceedings to dissolve those joint ventures.
This high-profile case raises an important question: what happens to jointly owned companies when a couple divorces?
How are business dissolutions handled after divorce in Costa Rica?
In Costa Rica, divorce does not automatically dissolve jointly held companies. According to the Commercial Code and the Regulations of the National Registry, a company has a legal identity of its own, separate from the individuals involved. Therefore, dissolving a company requires a formal legal process.
What are the steps to dissolve a company?
The Costa Rican Commercial Code outlines the following steps:
- Mutual agreement of dissolution between partners in accordance with the company’s bylaws (Article 201, Commercial Code).
- Execution of a public deed of dissolution and its registration with the National Registry (Article 18, Commercial Code).
- If the company is a civil partnership, unanimous consent is required (Article 1237, Civil Code), unless otherwise agreed.
What does liquidation involve?
Once a company is dissolved, it enters a mandatory liquidation phase:
- Inventory of assets and liabilities.
- Payment of creditors.
- Sale of assets if needed.
- Distribution of the remaining value among partners (Article 1203, Civil Code; Articles 27 and 31, Commercial Code).
- Appointment and registration of a liquidator.
Can a company be reinstated after being closed?
Only under specific conditions. According to Law 10255, a dissolved company may be reinstated if:
- The dissolution was due to expiration of its term, or
- Non-payment of corporate tax.
In these cases, reinstatement is allowed within three years. A company dissolved due to divorce cannot be reinstated unless it falls under the above conditions—a new company would need to be formed.
Does divorce affect business administration rights?
Not automatically. If business shares are part of the marital estate, they must be addressed in the divorce settlement. However, unless the company is formally dissolved or shares are reassigned, both parties may remain partners—which can lead to future conflict if unresolved.
What if Daddy Yankee’s case had taken place in Costa Rica?
If this scenario had occurred under Costa Rican law, Daddy Yankee would not have been able to dissolve the companies unilaterally. Even if one spouse played a leading role in business management, decisions affecting the legal status of a company require formal procedures and mutual consent.
Additionally, skipping the liquidation process—even with a private agreement—could lead to future legal issues or administrative nullities.
Conclusion: divorce does not cancel a company
Daddy Yankee’s case highlights the importance of clearly separating personal relationships from business operations. In Costa Rica, a breakup does not end corporate obligations or dissolve joint ventures automatically. The legal system requires formal and transparent processes to protect both partners and third parties.
If you own a business with your spouse or partner, legal guidance is essential to avoid costly mistakes or disputes.
✨ ERP Lawyers can help you structure or dissolve corporate relationships before or after marriage.
📩 Contact us now for tailored legal advice.
