Costa Rica

IFLR1000 Reviews

Financial and corporate

Arias has offices throughout Central America, in Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica and Panama. The Costa Rican branch of the firm was founded in 1998 and is headquartered in San José. 


Focusses / specialisms 

The firm has established a distinct presence in corporate and M&A matters, as well as in project development. The banking and finance team largely represents lenders in credit and loan guarantees towards refinancing, development financing, trade finance and other types of financing 


Key clients 

Key clients include Natural Partners and Refeel, Telefónica, HSBC, Citibank, U.S. International Development Finance Corporation and the Sardinal Water Trust. 


Research period review: 32nd edition (2021/2022) 

During the research period the firm was active in banking, M&A, and project development. 

In banking the firm advised lending clients in development financing transactions and worked with financial service clients on regulatory and transactional matters. 

The firm advised on several M&A transactions, mostly representing the seller in acquisitions in a variety of industries. 

The firm’s projects work was mostly focused on public procurement. 


Deal highlights: 32nd edition (2021/2022) 

Citibank and U.S. International Development Finance Corporation $100 million loan  

HSBC $345 million refinancing  

IDB Invest $50 million revolving credit financing  

Liberty Latin America $538 million acquisition of Telefónica regional operations  

Sardinal Water Trust PPP 


Client feedback: 32nd edition (2021/2022) 


Financial services regulatory 

"The law firm is very efficient in their processes, always ready to satisfy the company's business needs." 



"Arias has a very enthusiastic legal team. Very easy to create multinational teams located in different countries." 

"They have an extremely well-handled legal knowledge of both corporate and commercial law in Costa Rica. Also, they have a very good client-focused approach. It transmits confidence to the clients. Finally, they worry about providing solutions rather than simply answers. 


Project Development: Infrastructure 

"A proactive firm which offers forums with educational content for discussion and has expertise in various law matters. They take care to learn about the client´s business to better calibrate their counselling and are very mindful of a project's budget." 


Restructuring: Corporate 

"Knowledge, willingness to learn, business oriented." 


Carlos Camacho 

"He and his team are all very client-focused, approachable for assistance at all times and solutions-oriented." 


Melania Dittel 

"She is always willing to learn and help, for her communication is key and she has a deep knowledge of the industry and goals."  


Rolando Garcia 

"He is a very competent lawyer, has an amazing knowledge of local law, and provides solutions. I can without doubt conclude that all projects hired by my company with the firm had an innovative and timely solution because of him. He is a talent to take into account both in the present and in the near future. " 


Carlos Ubico 

"He is always ready to collaborate with his advice whenever he is needed." 

Consortium Legal

Full service Central American firm Consortium Legal has offices in Guatemala, El Salvador, Honduras, Nicaragua and Costa Rica. Its Costa Rican branch is in San José.  In 2018 Randall Barquero began leading the firm’s brand-new Fintech practice. 


Focusses / specialisms 

The firm’s industry strengths include banking, construction and materials, food and beverage and tourism. 

In banking and finance, the firm largely advises lenders in loan facilities and credit facilities regarding refinancing and project financing. 

In M&A, the firm advises strategic buyers and sellers in asset acquisition and merger transactions. 


Key clients 

Key clients for the firm include Bofa Securities, HSBC Securities (USA), Citigroup Global Markets, CEMEXScotiabank de Costa Ricaand Grupo El Colono. 


Research period review: 32nd edition (2021/2022) 

During the research period the firm was notably active in retail banking as well as corporate and commercial banking; The corporate and commercial banking work included secured and unsecured credit transactions 

The M&A team was active in the construction and materials, food and beverage and tourism industries, advising buyers and sellers alike in several acquisitions.  


Deal highlights: 32nd edition (2021/2022) 

Banco BAC San José/Credomatic de Costa Rica/Immobiliaria Credomatic/Medio de Pago $335 million merger  

Bofa Securities Inc. and HSBC Securities (USA) Inc. $300 million joint arrangement bond issue  

CEMEX $335 million divestment to Cementos Progreso Holdings S.L. 

DD Pen Dragon $20 million acquisition of S.T.T Group 

EY Law

EY Law is a global firm boasting over 700 offices spread across over 150 countries. The firm’s Costa Rica location is found in San José.



The firm is most active in the M&A sphere, as well as in other corporate practice areas. In M&A, the team focuses its efforts chiefly on the acquirer side, though it also represents sellers.


Key clients

Among the firm’s key clients are Cisneros Digital, Dole Food Company, Kimberly Clark, Liberty Latin America, Sanford Health and Universidad Hispanoamericano.

Nassar Abogados

Nassar Abogados was founded in 1982 and has offices in Honduras, Nicaragua, El Salvador and Guatemala. The main office is in Costa Rica. 


Focusses / specialisms 

The industries that the firm has the most presence in are finance and manufacturing, but it is also active in healthcare, telecommunications, technology and commerce. 

In banking and finance, the firm advises credit lenders and financers in a wide variety of industries. 

In M&A, the firm mostly advises buyers in asset acquisition and merger transactions, as well as corporate and regulatory matters. 


Key clients 

Key clients for the firm include Visa, IBMPrival Bank, PRO Unlimited, Phoenix Tower International and Textron Finance. 


Research period review: 32nd edition (2021/2022) 

This past research period the firm has had activity in banking and M&A.

The banking team advised clients mainly on the lender side in financing, including project finance, general corporate finance and acquisition finance. The team also manages a large amount of regulatory and compliance matters.  

The M&A team worked primarily with acquirers in the manufacturing and medical technology industries. The transactions involved domestic and international clients.  


Deal highlights: 32nd edition (2021/2022) 

Phoenix Tower International $600 million refinancing  

Vista Equity Partners $150 million strategic investment in OfficeSpace Software 


Client feedback: 32nd edition (2021/2022 



"Direct advice from main partner, experienced team, excellent networking in high levels." 

"They are technically skilled, communicated well, provided excellent advice and were efficient." 


Tomás Nassar 

"Direct personal attention any time, superb personal and professional contacts." 


Alejandro Vargas 

"He provided excellent advice, identified and explained issues that needed to be resolved and completed the work efficiently." 


Batalla is a law firm in Costa Rica that works in collaboration with three other firms in Central America. It was established in 2001.


Focusses / specialisms

The firm advises on corporate work, particularly project development in the energy and public infrastructure sectors.


Key clients

Key clients include China Harbour Engineering Costa Rica, Enel Green Energy, International Development Bank and CEMEX.


Client feedback: 31st edition (2020/2021)


Investment funds: Private equity funds

"They are proactive and keep up-to-date on all topics important to an investor such as our private equity fund. In addition, they are easy to access and quite efficient at getting things done."


Project development

"Extremely passionate. Committed to the task. Effort on understanding the customers' industry."



"The Battala firm is very focused on instruction and definitions."


Project development: Energy

"In the project that we are working on, environmental risk assessment is very important - at Batalla they have specialists in environmental law."

BG&A Abogados Corporativos

Founded in 1997, BG&A Abogados Corporativos is housed in San José. 


Focusses/ specialisms 

The firm specializes in corporate and M&A matters. The firm is also involved in the project development space. 

In the corporate space, the firm regularly advises national and international clients in incorporations. 

The firm’s M&A practice includes acquirer and seller representation.  


Key clients 

Key firm clients include Colegio de San Luis Gonzaga, Hotel Planas, the Municipality of San José, Office Depot, Universidad Internacional Sek de Ecuador and Plasma Innova. 


Client feedback: 32nd edition (2021/2022) 

Project development  

There are many positive aspects: teamwork, the training of its specialists, the efficiency in the processes, the agility in the immediacy of the information, and the use of new technologies for customer service. 

Instant answers to our queries 


BLP is a Costa Rican firm founded in 2003. It boasts a large regional footprint with offices in Guatemala, El Salvador, Nicaragua and Honduras, in addition to a Spanish representative office. The firm is a member of the Meritas and Interlaw networks of law firms.   


Focusses / specialisms 

The banking and finance group advises on innovative transactions, attending to local and international deals on the behalf of private equity groups and commercial banks. The team advises borrowers and lenders on among the largest and most complex deals in Costa Rica.  

The M&A team advises buyers and sellers on complex deals for national and international clients and is noted for its acumen as to large-scale and sophisticated cross-border transactions. 

In project finance, the firm advises on large infrastructure project financing and project bonds with particular emphasis on clean energy. The team works with international and local borrowers and lenders. 


Client feedback: 32nd edition (2021/2022) 


Best talent in the region, engaged partners, strong business view.” 

Creative, team oriented, specialized, responsive. They are very deal-oriented and extremely knowledgeable.” 

Central Law Costa Rica

Founded in 2003, Central Law is comprised of a network of offices across Central America. Its Costa Rica locations are in Cóbano, Escazú, Santa Cruz and San José. 



The firm is active in the M&A practice, in addition to providing regulatory and corporate governance representation. Its team boasts specialized knowledge of numerous sectors, including but not limited to food and beverage, hospitality, insurance, pharmaceuticals and technology 


Key clients  

Key firm clients include Hoffman La Roche, Hotel Manatus, Isuzu and Planet Payment 

Deloitte Legal

Deloitte Legal’s Costa Rica office is found in the country’s Heredia province.


Focusses/ specialisms

The firm is noted for its activity in the financial and corporate sphere, namely in the practice areas of M&A and corporate restructuring. The firm’s M&A team holds representation experience on both sides of complex corporate transactions.


Key clients

Key firm clients include Abbott, Alticor, Amway, Belcorp, Maersk, Marriott, McDonald’s, Nutrien AG, Roche and Unilever.

Facio & Cañas

Founded in 1942, Facio & Cañas is a Costa Rican full-service firm located in San José.


Focusses / specialisms

The firm advises local and international clients alike in connection with corporate structuring, M&A and project development deals. In the M&A space, the firm is active on both the acquirer and seller side.


Key clients

Key firm clients include Boston Consulting Group, Conair, GlaxoSmithKline, Nevro Corporation and Vertiv.


Lexincorp is a regional Central American firm with offices in Costa RIca, El Salvador, Guatemala, Honduras and Nicaragua.


Focusses / specialisms

The firm is active in banking and finance where it advises banks on regional international lending and in real estate where it represents domestic and international companies on acquisitions and development.


Key clients

Key clients include Banco Industrial, BAC Latam and Novelteak.

Oller Abogados

Founded in 2000, Olller Abogados is a San José-based firm.


Focusses / specialisms

The firm advises clients in a variety of industries on corporate and M&A matters. The firm is also active in the project development space, where it emphasizes the representation of contractors and project companies with a focus on the sectors of aviation, energy, pharmaceuticals and technology.


Key clients

Among the firm’s key clients are Acciona Agua, Constructura Navarro y Avilés and Promed Cancer Therapies.


Founded in 2012, Sfera Legal boasts a network of offices throughout Central America and beyond, including locations in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and a US outfit in New York. The firm features five offices in Costa Rica alone.


Focusses / specialisms

The firm is active in M&A and project development.

In M&A, the firm represents corporate clients in all roles and across all transaction types.

The project development group principally, though not exclusively, represents developers and concessionaires across several sectors.


Key clients

Key firm clients include Bambu Development, Coopeleche, Grupo Zen and Lucas Ingenieros.