Address:
Diagonal 6, 10-01 zona 10 Centro Gerencial Las Margaritas
Torre II, oficina 402-B
Ciudad de Guatemala 01010
Guatemala

+(502) 23827700


Key contacts:

Partner: Jorge Luis Arenales
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Partner: Luis Pedro del Valle
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Quick facts:

Number of lawyers: 24
Network memberships: NYSBA, WLG, PRAC, INTA, IBA, ASIPI, AIPPI
Languages: English, Spanish, French


With more than 79 years of experience, we have lawyers with long experience in several practice areas and also young lawyers, thus becoming a firm that is constantly renewed and adapts to the today's world needs, ensuring to offer you the best legal talent and service. The firm’s heritage, passion for law and commitment to quality, allows Arias to grow along with the region and overcome new challenges in each country in which Arias operates: Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica and Panama

Our elite team of practitioners advice global corporations in a variety of industries such as: aviation, hospitality, energy, banking, pharmaceutical, technology, food and beverages, services, TMT, retail, NGO, Investment Funds, consumer goods, health care among others. The finance and corporate department are the largest in our firm and this responds to our experience and reputation in the market and the demands of our clients, multinational and national companies. Also, the department is integrated by a team of lawyers with different areas of expertise giving a 360 comprehensive legal advice.

Our main areas of practice are:

  • M&A
  • Banking
  • Finance
  • Tax
  • Regulatory
  • Project Development
  • Labor
  • Anti-Trust
  • Corporate & Commercial
  • Competition
  • Compliance
  • Dispute Resolution
  • Intellectual Property

  • Asset finance
  • Banking
  • Capital markets: Debt
  • Capital markets: Equity
  • Competition
  • Covered bonds
  • Financial restructuring
  • Financial services regulatory
  • Investment funds
  • M&A
  • PPP/PFI
  • Private equity
  • Private equity funds
  • Project bonds
  • Project development
  • Project finance
  • Real estate finance
  • Restructuring and insolvency
  • Securitisation
  • Structured finance/securitisation
  • Trade finance

Banking and Finance – M&A
Jorge Luis Arenales
Partner
jorge.arenales@ariaslaw.com

Recent transactional highlights:

  • Advised IFC in providing a $20 million loan to Banco Agromercantil, BAM, a member of Grupo Bancolombia, as part of the Working Capital Solutions Program from IFC’s global COVID-19 response.
  • support will help BAM strengthen its position in the SME segment and allow them to expand financing to local companies, thus creating jobs.
  • Arias acted as local counsel for FMO, BlueOrchard Finance Ltd among other financial entities to Banco Promerica, S.A. The loan of $55,000,000.00 will be destinated to aid Small and Medium Entities as well as supporting green projects in Guatemala
  • Advised IDB Invest in the granting of a series of loans to Corporación Multi Inversiones (CMI) to expand their commercial operations in Central America. This deal was particularly relevant not only for Guatemala, but for the whole region cause the loan contributes to the company's fixed investment maintenance plan, the maintenance of its jobs and its links with the local and regional market. This will also have a direct impact in their 40 thousand employees securing their jobs after the impact the pandemic has had in their business.

Luis Pedro del Valle
Partner
luispedro.delvalle@ariaslaw.com

Recent transactional highlights:

  • Advisor to Delivery Hero SE, the world’s leading local delivery platform, acquired Glovo’s full operations in Latin America. The transaction covered all of the Latin American countries in which Glovo operates, including Argentina, Peru, Ecuador, Panama, Costa Rica, Honduras, Guatemala and the Dominican Republic. Out of these countries, Delivery Hero is already present in Argentina, Panama and the Dominican Republic, and the newly acquired assets in these markets will be transferred to Delivery Hero at closing. With the acquisition of Glovo’s operations in Peru, Ecuador, Costa Rica, Honduras and Guatemala, Delivery Hero adds five new countries to its Latin American footprint. Glovo will continue to operate the business in these countries until March 2021. Arias Guatemala participated actively providing advice in all stages of the acquisition, from the initial due diligence, advice on the applicable legal and regulatory aspects required to make the sale, as well as support in the drafting of the transaction documentation.
  • Arias provided advice and assistance to IDB Invest, a member of the IDB Group, in a $100 million loan to Banco de América Central, S.A., part of the BAC Credomatic financial group. The goal of this loan is to increase access to financing for small and medium-sized enterprises (SME) in Guatemala and to contribute to the recovery of one of the sectors most affected by COVID-19, promoting work and economic growth in the country.
  • In July 2021, Advised WebHelp in the acquisition of OneLink’s operations in Guatemala, a provider of customer experience and business solutions. Upon the acquisition, Webelp will 190 locations across 55 countries and more than 90,000 employees globally. The acquisition closed in July 31st, 2021 and in the case of Guatemala it is not subject to regulatory approvals.
  • In May 2021, Advised EMF Microfinance Fund in the loan granted to FINCA Guatemala to expand its microfinance portfolio loans. The transaction closed on May 6th, 2021, and with it, EMF enters the Guatemalan market.

  • Agriculture
  • Automotive
  • Aviation
  • Banking
  • Construction and materials
  • Consumer goods and services
  • Energy
  • Financial services
  • Fisheries and aquaculture
  • Food and beverage
  • Forestry
  • Gaming
  • Government and public policy
  • Healthcare
  • Industrials
  • Insurance
  • Investment management
  • Media
  • Mining
  • Natural resources
  • Oil and gas
  • Pharm and life sciences
  • Real estate
  • Shipping
  • Social infrastructure
  • Tech and telecoms
  • Tourism
  • Transport
  • Utilities

Calle La Mascota #533, Colonia San Benito, San Salvador, El Salvador, C. A.
T: +(503) 22570900
E: contact.elsalvador@ariaslaw.com
W: www.ariaslaw.com

Centro Comercial El Dorado 6° Piso, Boulevard Morazán, Tegucigalpa, Honduras, C. A.
T +(504) 22214505
E: contact.honduras@ariaslaw.com
w: www.ariaslaw.com

Edificio Park Plaza, Local 19 Barrio Guamilito, 5° y 6° Calle, 11 Avenida N.O., San Pedro Sula, Cortes, Honduras, C. A.
T +(504) 25502202
E: contact.honduras@ariaslaw.com
w: www.ariaslaw.com

Pista Jean Paul Genie, Edificio Escala, 3er piso, Managua, C. A.
T+(505) 22981360
E: contact.nicaragua@ariaslaw.com
w: www.ariaslaw.com

Avenida Escazú, Torre Lexus, 4to piso. Escazú, San José, Costa Rica, C.A.
T: +(506) 40362800
E: contact.costarica@ariaslaw.com
w: www.ariaslaw.com

THE TOWERS, Piso 3, Calle 50, San Francisco, Ciudad de Panamá, Panamá
T +(507) 2821400
E: contact.panama@ariaslaw.com
w: www.ariaslaw.com