Hall Of Fame

Next Generation Partners

Leading Associates

Firms To Watch: Corporate and finance

Led by Minerva Bellorin and Alonso Porras, ACZALAW, Abogados Centroamericanos Asociados‘s office in Managua coordinates with its Honduran team to advise domestic and multinational businesses on transactions and day-to-day matters, displaying a particular strength in regulatory compliance.
Formed by Pastor Lovo Castellón, who departed Munguia Vidaurre Law in March 2023, Lovo Castellon Abogados provides a wide range of services in the practice space, ranging from company incorporations and corporate governance to joint ventures and M&A.

Corporate and finance in Nicaragua

Arias

The powerhouse team at regional firm Arias remains a market leader, bringing strength to advising major financial institutions and multinational corporations on day-to-operations and complex, multi-jurisdictional transactions. The group’s comprehensive service covers matters ranging from M&A, joint ventures and project finance to antitrust, compliance, concessions and credit agreements. The firm’s broad client base spans such sectors as food and beverages, education, agri-business, telecoms, retail, and oil and gas. The practice is headed by managing partner and foreign investment authority Ana Teresa Rizo; Bertha Argüello, an expert in financial regulatory compliance; Gustavo-Adolfo Vargas, a specialist in advising multilateral institutions on the granting of credits, including the structuring and negotiation of agreements; and Rodrigo Ibarra, who handles matters involving hydrocarbons, telecoms and banking. Key support is provided at the associate level by Maryeling Guevara, who conducts complex due diligence for acquisitions, and Uriel Balladares, who manages horizontal property regimes and real estate regulatory matters.

Praxisleiter:

Ana Teresa Rizo; Bertha Argüello; Gustavo-Adolfo Vargas; Rodrigo Ibarra


Referenzen

‘They are very attentive to detail and are available. They handle the issues involved in different business areas and are interested in knowing the details of the industry in with which they are working.’

‘Gustavo Vargas takes the time to analyse all the details that need to be included in the contracts so that nothing is left unnoticed that could harm the company’s interests in the future.’

‘Arias’ corporate and finance team is one of a kind, combing experience, availability and knowledge.’

Kernmandanten

IFC


Kola Shaler


Grupo Bimbo


Banco Santander


Responsability Investments


Banco Davivienda


Highlight-Mandate


  • Advised Banco Davivienda on an unsecured loan of up to $10m to Eolo de Nicaragua and other CMI group companies for working capital and/or foreign trade, bank guarantees, standby letters of credit and commercial letters of credit.
  • Advised Grupo Bimbo on the sale of its confectionery division, Ricolino, to Mondelez for $1.3bn.
  • Advised the International Finance Corporation (IFC) on the third tranche of a multi-year financing to Monte Rosa sugar mill, including a short-term loan of $15m and a long-term loan of $10m.

Consortium Legal

The corporate and finance team at Consortium Legal remains a leader in the marketplace, harnessing the expertise of its offices in Costa Rica, Guatemala, Honduras, El Salvador and Nicaragua to advise financial institutions, government agencies, and national and multinational corporations and financial institutions on a comprehensive range of matters. With a client base spanning such sectors as mining, retail, fintech, life sciences and manufacturing, the firm’s full offering covers matters from cross-border M&A, company incorporations, project finance and market strategy to joint ventures, subordinated agreements, guaranteed and unsecured credit lines, and related tax and regulatory compliance issues. ​​The practice is headed by Olga Barreto, an expert in multi-level reorganisation processes and syndicated financing​, and foreign investment authority Rodrigo Taboada​. Carlos Taboada manages high-value transactions in the real estate sector. Other key names include senior associates Meyling Sampson, a free trade zone specialist, and Mónica Brenes, who brings strength to fintech matters.

Praxisleiter:

​​Olga Barreto​; Rodrigo Taboada​


Referenzen

‘Personalised service, great attention to detail.’

‘The team of lawyers at Consortium Legal Nicaragua are efficient, and are experts in their respective areas.’

‘Rodrigo Taboada and Mónica Brenes have been the lawyers who have assisted us and we always put our trust in them. The added value is the efficiency, experience and knowledge that they always provide to us.’

Kernmandanten

​​Olam Nicaragua


​​Productive Business Solutions (Nicaragua)


​​Pro Mujer​


​​Asociación FDL​ ​​


Fundenuse​ ​​


Fundación León 2000​


​​Promerica Financial Corporation​


Highlight-Mandate


  • Acting as coffee exporter Olam Nicaragua’s external and primary legal counsel in Nicaragua, providing continuous corporate and contractual advice for day-to-day operations.
  • ​Acting for Productive Business Solutions on bidding processes for service, equipment and IT solutions to governmental and private entities.
  • Advised Promerica Financial Corporation (PFC) on the issuance of bonds for $225m.

García & Bodán

Drawing on the bench strength of eight offices throughout the region, the transactional lawyers at García & Bodán continue to be a force in the marketplace, advising regional and multinational corporations and financial institutions on day-to-day corporate and finance matters and high-value, cross-border transactions. The firm’s active client base includes household names United Airlines and Payless ShoeSource, and spans such sectors as energy, food and beverages, aviation, retail, education, tobacco and telecoms. The firm’s comprehensive service extends from M&A, concessions contracts, consumer rights issues, due diligence and licensing to regulatory compliance, bond issuances, company incorporations and shareholders’ agreements. The practice is led by regional managing partner Terencio García, who was also appointed Nicaraguan office head in May 2024, and Federico Gurdián, the regional director of the corporate and transactional practice, who brings expertise to multi-jurisdictional M&A. Other key figures include tax practice head Melvin Estrada, who was appointed office deputy director in May 2024, and senior associate Dania Navarrete, who handles complex registry issues before public entities. Carlos Téllez was appointed managing partner of the Guatemala City office in May 2024, dividing his time between Guatemala and Nicaragua.

Praxisleiter:

Terencio García; Federico Gurdián


Referenzen

‘García & Bodan focuses on delivering excellence in service as well as on its knowledge of the client’s business, which makes it stand out above its competitors.’

‘The service offered is exceptional, which, together with the academic and technical preparation of the team, makes them the firm par excellence.’

‘They always give us answers and alternatives. They are accessible, clear, professional.’

Kernmandanten

Grupo Lala


Puma Energy


Millicom


United Airlines


Cargill


Truist Bank


Payless ShoeSource


One Web


INCAE Business School


Banco Atlántida


Highlight-Mandate


  • Advised Scala regarding the legal, corporate and tax structures to provide services to universities in Central America.

Alvarado y Asociados

Headed by the respected Gloria María de Alvarado, the experienced corporate and finance team at Alvarado y Asociados brings expertise to advising insurers, financial institutions, and national and multinational corporations (including Cemex and Delta Airlines) on day-to-day matters and high-value, cross-border transactions. With an active client base spanning such industries as building materials, food, aviation, engineering and tech, the firm’s comprehensive service covers joint ventures, M&A, financial restructurings, concession contracts, competition law matters, regulatory compliance, due diligence and franchise agreements. Other key figures include senior associate Claraliz Oviedo, who provides support with due diligence processes and restructurings, and associates Jazmin Garcia, a specialist in real estate and notarial and registration law, and Norma Jaen, who manages regulatory compliance matters.

Praxisleiter:

Gloria María de Alvarado; Luz Marina Espinoza


Kernmandanten

AeroMexico


Cemex


Convergys


Delta Airlines


Grupo Almo


Grupo Bimbo


Pro Harina


Transunion


BLP

Leveraging the bench strength of offices in Nicaragua, Honduras, El Salvador, Costa Rica and Guatemala, BLP advises multinational corporations, financial institutions, insurers and international development banks on day-to-day corporate and financial matters and complex, high-value, multi-jurisdictional transactions. With a client base spanning such sectors as tobacco, shipping, agriculture, motor vehicles, sports, manufacturing, telecoms, aviation and apparel, the practice’s full offering covers M&A, corporate restructurings, distribution agreements, administrative matters, consumer rights issues, credit restructuring and retail banking transactions. The practice is led by Ernesto Rizo, who brings over 20 years’ experience to the practice space, and specialises in capital markets, loans and structured financing. Director Federico Barrios brings expertise to business cooperation agreements and the handling of the purchase and sale of shares and assets.

Praxisleiter:

Ernesto Rizo


Referenzen

‘They are always attentive to our queries and help us resolve our concerns, as well as delivering the work we request of them.’

‘They have lawyers specialising in all the areas which we need, thus providing us with an efficient and punctual service.’

‘BLP Nicaragua’s corporate and finance team is unique, as it combines technical legal knowledge, experience, availability and unparalleled knowledge of the country’s situation, as well as recent regulatory changes, locally, regionally and internationally.’

Kernmandanten

Arturo Fuente – FSM


Renewable Resources Group


Central American Bank for Economic Integration (CABEI)


Desjardins Développement International


Royal Road Minerals


Joya de Nicaragua


Volvo Group – Volvo Trade Finance


Grupo Numar


American Airlines


Coralsa


Unicomer


Avianca


Highlight-Mandate


  • Advised Moody’s on acquiring Central American rating company 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.
  • Assisted Renewable Resources Group in the preparation of a due diligence report and the subsequent preparation, negotiation and signing of the SPA for the purchase of Mercon Ventures.
  • Advised Apollo Group, through Paul Weiss and Morgan Lewis, on the potential acquisition of Millicom in Central America.

Aguilar Castillo Love

The corporate and finance group at Aguilar Castillo Love harnesses the bench strength of 11 offices in nine countries in Latin America to advise well-known international corporations and financial institutions across such sectors as motor vehicles, telecoms, tech, food and textiles on day-to-day matters and high-value, cross-border transactions. The practice’s full offering extends to franchising and distribution matters, project finance, assistance to business start-ups and capital markets transactions, in addition to due diligence, regulatory compliance and related labour, tax, antitrust and consumer law issues. The practice is led by managing partner Thelma Carrión, an expert in M&A and private equity transactions, and banking and finance law specialist Violeta Núñez. Key support is provided by associate and experienced litigator Claudia Guevara.

Praxisleiter:

Thelma Carrión; Violeta Núñez


Kernmandanten

Mondelez International (via Hogan Lovells)


Torrecom


Bolsa de Valores de Nicaragua


Central Nicaragüense de Valores


Emdep Group


Caban Systems


Active Capital Reinsurance


Cupid Intimates


Carestream


Banco de la Producción


Eza Capital


ADN Group


Dell


Westland Bloemen


Highlight-Mandate


  • Advised Mondelez on an antitrust filing before the Nicaraguan regulator in connection with its acquisition of the Ricolino division from Grupo Bimbo.
  • Assisted Torrecom in connection with a credit facility granted by Proparco, DEG and IDB Invest to finance the client’s new development plan (for 2022-2024) and refinance a loan granted in 2017.
  • Providing continuous legal advice to the Nicaraguan Stock Exchange on all corporate, financial, capital markets law, regulatory and labour issues.