The corporate team at regional powerhouse Arias remains a market leader, bringing expertise to advising financial institutions and major multinationals involved in high-value, multi-jurisdictional transactions. The practice’s broad client base spans sectors ranging from telecoms, software, construction and insurance to tech, finance, manufacturing and chemicals. The team is jointly headed by chairman Armando Arias; El Salvador co-managing partners Lilian Arias, who draws on over 30 years of experience in the corporate space, and M&A authority Roberta Gallardo, who brings strength to such day-to-day matters as corporate governance and regulatory issues; Ana Mercedes López, who provides expertise in major transactions and restructurings; energy sector specialists Luisa Rivas and Carolina Lazo; finance law expert Mario Lozano; and seasoned litigator and arbitrator Fernando Montano. Key support is provided by senior counsels Adán Araujo, who handles project development, finance, M&A and risk mitigation, and Ernesto Sánchez, who manages matters in such sectors as banking, retail and aviation, and senior associates Rafael Burgos, who handles deal negotiations, contract drafting and the structuring of collaterals, and Julissa Castro, who conducts due diligence and corporate investigations.
Corporate and M&A in El Salvador
Arias
Praxisleiter:
Armando Arias; Roberta Gallardo; Lilian Arias; Ana Mercedes López; Carolina Lazo; Luisa Rivas; Mario Lozano; Fernando Montano
Referenzen
‘Arias El Salvador is distinguished by its deep legal and market knowledge, focusing on the integration of legal solutions with commercial strategies.’
‘Arias El Salvador is recognised for its professionalism and meticulous attention to detail. Rafael Burgos stands out especially for his analytical rigour and dedication to client service, and so does Ana Mercedes López, whose experience and leadership in the firm ensure the highest quality in the management and execution of matters under her charge.’
‘They are very knowledgeable lawyers, they know how to handle the issues and provide accurate solutions. Lilian Arias and Ana Mercedes López are excellent lawyers with good knowledge, experience and legal judgment.’
Kernmandanten
Torrecom
Univar Solutions
Suramericana
MRO Holdings
LifeMiles
DelSur
Ventus
CMI
PRB
EDP
Highlight-Mandate
- Provided legal advice to Univar Solutions on the acquisition of regional chemical company Chemsol.
- Assisted with the sale of insurance company Asesuisa, a subsidiary of Colombian company Suramericana in El Salvador, to Honduras’ Ficohsa, subject to receiving the corresponding regulatory authorisations.
- Assisted Corporación TS with the sale of 100% of the shares in Seguros del Pacifico, a Salvadoran insurance company, to Inversiones Atlantida, a local financial conglomerate which is part of Honduran financial group Atlantida.
Consortium Legal
Consortium Legal continues to be a leader in the marketplace, drawing on the combined bench strength of locations in Costa Rica, Guatemala, Honduras, El Salvador and Nicaragua to advise domestic and multinational corporations (including Amazon, AB InBev and Walmart), insurers and financial institutions involved in complex, multi-jurisdictional transactions. With an active roster spanning sectors ranging from telecoms, food and beverages, and retail to tech, pharmaceuticals, manufacturing and real estate, the team’s comprehensive service covers incorporations, asset purchase agreements, due diligence processes, M&A, licensing issues and corporate governance. The practice is led by a five-strong group composed of El Salvador managing partner and M&A authority Oscar Samour; Diego Martín, who utilises over 20 years of experience advising clients in the infrastructure, insurance and tech sectors and managing the tax aspects of corporate transactions; Maria Alejandra Tulipano, who specialises in assisting private and public companies with strategic regional expansion, public tenders and concession contracts; and two newly promoted partners (as of September 2023): Fidel Márquez, who advises on M&A, corporate governance, and the sale and purchases of assets; and Felipe Aragón, who, in addition to major transactions, advises on regulated sector issues. Other key figures include senior associates Millie Miranda, who brings IP expertise, and Gustavo Vega, who handles complex matters involving foreign investment and international trade (both of whom were promoted in 2024), and associate Ana Cristina Flores.
Praxisleiter:
Oscar Samour; Diego Martín; María Alejandra Tulipano; Fidel Márquez; Felipe Aragón
Referenzen
‘Consortium has always provided a diligent and effective service. The treatment of clients is very cordial and friendly and it has a team of excellent professionals. Oscar Samour stands out.’
Kernmandanten
AB InBev
Amazon
Volaris
Energizer Holdings
Inchcape
Grupo Calleja
Millicom
Canadian Bank Note Company
YKK
Cemex
Amcor Rigid Plastics
Colliers
Walmart
Highlight-Mandate
- Advised Fanatics, a digital sports platform and provider of licensed sports merchandise, on its acquisition of sports apparel wholesaler Fexpro, providing comprehensive due diligence.
- Advising Ubica Group on the development of the third, fourth, fifth and sixth phase of the real estate project named ‘Las Luces’, a multi-stage residential project located in La Libertad.
- Advised Northend Pacific Corp. on its acquisition of Puramatic and Grupo Puramatic, resulting in its ownership of Puramatic’s operations in both Guatemala and El Salvador.
Dentons
The Dentons corporate practice in El Salvador continues to strengthen its regional footprint, advising financial institutions and well-known domestic and multinational corporates (including Shell, Starbucks, United Airlines, Amazon and TikTok) involved in high-value, cross-border transactions. The team’s active client base spans sectors ranging from telecoms, beverages, tech, oil and gas, and pharmaceuticals to manufacturing, aviations, fintech and hospitality. The practice’s comprehensive skill set covers M&A, restructuring, market expansion, corporate governance, and complex service and distributorship agreements. The team is headed by transactional expert Daniel Martínez, who draws on over 20 years in the corporate arena. Other names to note are Ricardo Milla, who specialises in company formations and due diligence processes, and senior associate David Aguilar, who brings strength to regulatory matters and public procurement processes.
Praxisleiter:
Daniel Martínez
Referenzen
‘What has impressed us most is the team’s ability to quickly analyse legal problems and situations that require its support, identifying strategic solutions and working to achieve the best possible results.’
‘Daniel Martínez’ experience and attention to detail have guided us very well in solving challenges.’
‘Daniel Martínez is a very professional lawyer whose guidance is very valuable on very human legal issues.’
Kernmandanten
Shell
Barclays Bank
MSC
Grupo Bancolombia
Starbucks
TikTok
Femsa
United Airlines
Huawei
Puma Energy
Volante Technologies
Equifax
Telefonica
Fiat Chrysler
Dilosa Foods
JCDecaux
Amazon
Bose
Lockheed Martin
Highlight-Mandate
- Advised the local subsidiary of Maersk on a corporate restructuring to mirror that of its global logistics and services operations.
- Advised Femsa Ventures, a venture capital fund backed by Femsa, the independent Coca-Cola bottling group, on the acquisition of a start-up local company related to tech retail services.
- Advised JCDecaux, the global outdoor advertising corporation, on the successful acquisition of a Central American advertising company.
Aguilar Castillo Love
Powered by the bench strength of 11 offices in nine countries across Latin America, Aguilar Castillo Love advises a client roster of financial institutions and household-name multinationals (including Coca-Cola) involved in high-value, multi-jurisdictional transactions. Displaying expertise across such sectors as tech, food and beverages, energy, pharmaceuticals and financial services, the team’s comprehensive skill set covers joint ventures, divestments, spin-offs and M&A, as well as regulatory compliance, customs tariffs and labour contracts. The practice is led by El Salvador managing partner and M&A expert Esteban Agüero Guier and Flor De María Cortez, who utilises experience handling foreign investment, free trade zone and compliance matters, and brings strength to advising clients in the renewable energy and cryptocurrency spaces. Key support is provided by of counsel Lorena Madrid, whose practice encompasses antitrust, sanitary registrations and intellectual property matters, and Bryan Guevara López, who specialises in industrial sector matters.
Praxisleiter:
Esteban Agüero Guier; Flor De María Cortez
Referenzen
‘Aguilar Castillo Love is a strategic ally for us in the Central American and Caribbean region due to its extensive presence in the vast majority of the countries where we operate, with deep knowledge of each particular legal system, which ensures that the project will achieve success.’
‘The attention and follow-up of ACL lawyers makes it stand out above the rest – they have above-average response times and provide useful information that drives projects forward, avoiding stagnation.’
‘They are up to date with the latest developments in their field and share that knowledge through presentations.’
Kernmandanten
Wilmington Trust
Moody’s
Kenvue
Paxos Trust Company
Ingram Micro
The Coca-Cola Company
Diebold Nixdorf
Banco de América Central
Highlight-Mandate
- Advised Moody’s on compliance and labour issues in relation to its acquisition of SCRiesgo, a group of local credit rating agencies serving domestic financial markets in Central America and the Dominican Republic.
- Providing ongoing advice to Coca-Cola on a number of corporate, commercial, regulatory and labour matters in El Salvador.
- Advised Wilmington Trust Company in connection with an aircraft sub-sublease agreement between Vuela Aviación, a Costa Rican company, Concesionaria Vuela Compañía de Aviación, a Mexican company, and Vuela El Salvador, a Salvadoran company, with respect to an Airbus model A320-271N aircraft.
BLP
The Salvadoran business law practice at BLP channels the bench strength of locations across Central America (in Nicaragua, Honduras, Costa Rica and Guatemala) to advise major multinationals (including RadioShack, Starlink and Google), banks and financial institutions, development agencies and insurers on day-to-day matters and complex, multi-jurisdictional transactions, covering such sectors as food, pharmaceuticals, energy, retail, telecoms, tech and financial services. The team’s comprehensive service encompasses M&A, restructurings, contract drafting and negotiation, due diligence, regulatory compliance and corporate governance. The practice is led by M&A authority Zygmunt Brett, who draws on 20 years of experience in the practice area. Mariana Nóchez displays expertise in transactional matters, as well as in due diligence and regulatory processes. Other key figures include directors José Góchez, a specialist in the telecoms and aviation sectors, seasoned litigator Luis Vega, public law expert Fernando Farrar and Claudia Meléndez, who has complementary expertise in environmental and health and safety issues, and associates Julio Meléndez and Linda Cuellar.
Praxisleiter:
Zygmunt Brett
Referenzen
‘It is a team that has a high degree of initiative and is capable of going beyond everyday work.’
Kernmandanten
Starlink (Space X)
Moody’s
Cementos Progreso Holdings
RadioShack
Macrorent
Grupo Terra
Google Cloud
Grupo Unicomer
Highlight-Mandate
- Advised Moody’s throughout the acquisition of SCRiesgo, including due diligence, revision of agreements, clean up pre-closing, negotiation of agreements, closing of the transaction and post-closing, including regulatory filings and authorisations.
- Advised Unicomer on acquiring RadioShack’s IP assets in approximately 70 jurisdictions, including the USA, Canada and Europe.
- Advising Starlink (a subsidiary of SpaceX) on its establishment in El Salvador.
Central Law El Salvador
The team at CENTRAL LAW El Salvador harnesses the combined bench strength of offices in Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica, Panama and the Dominican Republic to advise domestic and multinational corporates on day-to-day matters and market expansion strategies involving complex, cross-border transactions. With an active client base spanning sectors from energy, fitness and banking to construction, retail and tech, the practice’s full service covers M&A, joint ventures, corporate restructuring, the incorporation of international entities, free trade zone mandates, corporate governance and tax planning. The practice is led by founding partner Piero Rusconi Gutiérrez, who also heads the dispute resolution department; energy and infrastructure expert Piero Rusconi Bolaños, who draws on over 20 years of experience; IP department co-head Sandra Cabezas; senior associate Francisco Murillo, who focuses on corporate and banking law; and associate Fernando Argumedo, a specialist in new technologies. Associate Mauricio Guardado, who was appointed Salvadoran litigation practice head in September 2023, having joined from Lexincorp, also provides support.
Praxisleiter:
Piero Rusconi Gutiérrez; Piero Rusconi Bolaños; Sandra Cabezas; Fernando Argumedo; Francisco Murillo
Referenzen
‘Provides timely support in unexpected situations involving sensitive issues.’
‘Francisco Murillo is one of a kind. He is always available, no matter how busy he is. He is quick and solution-oriented.’
‘Francisco Murillo is a trustworthy, responsible and attentive person who provides a quality service and excellent results.’
Kernmandanten
BMR Energy
Smart Fit
Grupo Megapaca
Ahuachapán
Società Dante Alighieri
ICAP
Asociación Salvadoreña de Franquicias
Match Influence
Highlight-Mandate
- Advised Smart Fit, the leading sports academy network, on its expansion into the country.
- Facilitated Grupo Megapaca’s rapid expansion into the country, overseeing the establishment of 12 branches within two years with a $10m investment.
- Advising BMR Energy on corporate issues relating to the development of El Milagro solar generation plant.
García & Bodán
The Salvadoran team at García & Bodán harnesses the bench strength of the firm’s other locations in Guatemala, Honduras, Nicaragua and Costa Rica to advise insurers and domestic and multinational companies (including Stanley, Black and Decker) across such sectors as aviation, education, retail, telecoms, food and beverages, healthcare and financial services. The group’s comprehensive offering covers day-to-day corporate matters, as well as the incorporation of companies in El Salvador, the expansion of operations and M&A. Newly promoted Salvadoran managing partner (as of April 2024) and regional labour head Oscar Torres leads the team, bringing expertise in multi-jurisdictional deal. Tax practice head Mauricio Orellana utilises extensive experience in handling transfer prices and customs issues. Key transactional support is provided by senior associate David Claros, and associates Rodrigo Benítez, who specialises in assisting with project due diligence and the constitution, dissolution and liquidation of companies, and Guisela Rodas, who handles the regularisation and adaptation of corporate governance.
Praxisleiter:
Oscar Torres
Referenzen
‘They have always demonstrated an outstanding level of professionalism and dedication.’
‘What has impressed us most is the team’s ability to quickly analyse legal problems and situations that require its support.’
Kernmandanten
Aeroméxico
Logística Comercial El Salvador (Herbalife Distributor)
First Cash Financial Services
Grupo Lala
Grupo Prowork
Stanley, Black and Decker
Grupo Almo
Global App Services
Novae
Salud Digna
Highlight-Mandate
- Successfully advised and represented Financia Credit in the process of obtaining authorisation from the Superintendency of Commercial Obligations of El Salvador as a credit card issuer, administrator and manager in El Salvador.
- Assisted Aeroméxico with the renewal its operating permit for a period of five years as a foreign air operator, allowing it to continue providing scheduled international public air transport services of passengers and cargo in El Salvador.
- Advised Grupo Prowork regarding the corporate and regulatory affairs to provide services in El Salvador.
LatinAlliance El Salvador
The corporate team at LatinAlliance El Salvador pairs a multidisciplinary approach with the bench strength of the firm’s offices in Costa Rica, Honduras, Nicaragua and Guatemala to advise domestic and multinational banks and corporations on day-to-day and transactional matters, across such sectors as retail, pharmaceuticals, food, telecoms, construction and healthcare. The practice is headed by Michelle Sutter, a specialist in telecoms and compliance matters, and firm founding and managing partner José Adolfo Torres, both of whom handle complex, cross-border M&A. Key support is provided by senior associate Norma Villalobos, who brings expertise to due diligence processes and labour matters.
Praxisleiter:
Michelle Sutter; José Adolfo Torres
Lexincorp
The Salvadoran corporate and M&A team at Lexincorp draws on the bench strength of offices spanning Honduras, Guatemala, Costa Rica and Nicaragua to advise domestic and multinational corporates across the energy, banking, retail and food sectors on a wide range of corporate matters. The practice is headed by transactional specialist Antonio Guirola, who routinely assists clients with market entry and incorporation, and managing partner Enrique Escobar, who provides expertise in matters involving corporate governance and the energy sector. Another key name is Adriana Portillo, who brings strength to joint ventures, M&A and consultations on tax incentives.
Praxisleiter:
Antonio Guirola; Adriana Portillo; Enrique Escobar
Referenzen
‘They are faster and more proactive than other law firms.’
‘Available 24/7.’
Kernmandanten
Green Planet Energy Corp
Ventus
Puma
Grupo Monge
Al Forno and Corporación JV
Europcar
Highlight-Mandate
- Providing comprehensive legal support to Ventus in relation to the operation of El Salvador’s first-ever wind power plant.
- Advised Grupo Monge on various corporate, contractual, real estate and consumer protection matters.
- Advised Puma on the transfer of assets in El Salvador valued at over $15m dollars as part of a global infrastructure acquisition.
Mayora & Mayora, S.C.
The Salvadoran team at Mayora & Mayora, S.C. coordinates with teams in Honduras and Guatemala to advise financial institutions and domestic and multinational corporates (including Neoen and Telus), across such sectors as pharmaceuticals, energy, telecoms, energy and financial services, on a wide range of corporate matters. The group’s full offering extends to M&A, restructurings, corporate governance, share purchase agreements, foreign entity registration, due diligence and regulatory compliance. The practice is led by experienced senior partner Manuel Telles, who heads the El Salvador office and brings strength to major cross-border transactions, as well as business creation and incorporation. Other key figures include of counsel Lorena Villacorta, a specialist in international trade and foreign investment, and senior associates Jennifer Rodríguez, who excels in banking law matters, and Andrea Cuellar, who provides expertise in matters involving real estate clients, shopping centres and laboratories.
Praxisleiter:
Manuel Telles
Referenzen
‘It is unique for its dedication, transparency, ethics and professionalism, giving the best legal advice on the issues required.’
‘Mayora & Mayora’s lawyers stand out for the special attention and time provided to the different issues that arise on a day-to-day basis. Its most outstanding lawyers would be Manuel Telles and Andrea Cuellar.’
‘They have a lot of experience in closing deals like ours. They work as a team and are quick and professional.’
Kernmandanten
Neoen (Capella Solar/Providencia Solar)
Norfund
Cemix
Prosegur
Telus
Grupo de Sola
Glasswing
Grupo Golán
Banco Promérica
Lafise
Romero Pineda
The multidisciplinary team at one-stop-shop domestic firm Romero Pineda draws on expertise in corporate, commercial and banking issues to assist regional and multinational corporations with market expansion and multi-jurisdictional M&A. The practice’s client base spans sectors ranging from aviation, manufacturing, banking and finance, consumer goods and retail to hospitality, energy, NGOs and real estate. The practice is led by firm VP and managing partner José Roberto Romero, who utilises decades of experience in the handling of corporate structuring and cross-border transactions, and corporate, banking and international practice manager Rodolfo Ramírez. Key support is provided by associate Antonio Peralta, who, in addition to transactional matters, advises on the classification and renewal of non-domiciled entities before public bodies.
Praxisleiter:
José Roberto Romero; Rodolfo Ramírez
Kernmandanten
Cordaid
Locfund Next
Millac V
Finnish Export Credit (FEC)
Banco de Sabadell
Banco Aliado
MCE Social Capital
DWM Income Funds
Banco Cooperativo
Visionario De Responsabilidad Limitada (BANCOVI)
FHI 360
Acajutla Project (Invenergy)
Inversiones B.O.S.H.
Internergy Group
Copa Airlines
Visanto’s
Highlight-Mandate
- Providing corporate services to FHI 360, a non-profit human development organisation.
- Advising Inversiones B.O.S.H. on corporate matters relating to the development of an office building and shopping mall in San Salvador.
- Supported nation restaurant brand Visanto’s throughout its franchise expansion.
Torres Legal
The experienced team at Torres Legal brings strength to advising financial institutions, multinational corporates, foreign investment companies and financial conglomerates, across sectors ranging from agriculture, real estate, and food and beverages to aviation, construction and fintech, involved in cross-border M&A transactions. The practice provides a comprehensive service, assisting with day-to-day corporate procedures, market expansion, finance, risk mitigation, tax advice, and labour and immigration matters. The team is headed by corporate governance and transactional expert Annette Herrera, who joined from Consortium Legal in October 2023, and labour risk prevention specialist Raquel Santos. Founding partner Héctor Torres draws on decades of experience advising on corporate finance matters. Another key figure is associate Adalicia Torres, who heads the firm’s tax and compliance practice.
Praxisleiter:
Annette Herrera; Raquel Santos
Referenzen
‘They are so close to the client. That’s the game changer.’
‘Torres Legal distinguishes itself through a blend of innovative strategies and traditional expertise. Their unique approach combines dynamism with reliability, making them a standout in the legal landscape for their adaptability and proactive solutions.’
‘The individuals at Torres Legal stand out for their unique blend of expertise, dedication and innovation. Take, for example, Héctor Torres, whose expertise in corporate negotiations and fintech surpasses expectations, blending deep legal insight with a commitment to tailored client strategies. This personal touch, coupled with the foresight and negotiation prowess, sets them apart in the complex legal landscape.’
Kernmandanten
Airline MRO Parts (AMP)
Banco Agricola
Banco Davivienda
Grupo Mallo
Airpak
Cubo Pago
Outsourcing Internation Services
Food Partners
Egrains
SISA Vida, Seguros de Personas
Highlight-Mandate
- Provided legal guidance to Egrains Group, a collection of four companies, to prepare for its first public offering of digital assets in El Salvador worth $100m.
- Advised fintech start-up Cubo Pago on its third capital investment round, securing $3.5m.