Guatemala

IFLR1000 Reviews

Financial and corporate
Arias

Arias’ Nicaraguan office opened in 2002 and is located in Managua.

Founded in El Salvador, the firm has since expanded throughout Central America. It also has offices in Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica and Panama.

 

Focusses / specialisms

The firm is top tier across the financial and corporate and project development practice areas. It represents both strategic buyers and sellers across a variety of industries in acquisition matters, as well as borrowers and lenders in banking matters including credit facilities and loan agreements. Occasionally, the firm partakes in capital markets work including securitizations and bond issuances. The project development team has experience in the oil and gas, telecommunications and energy industries.

 

Key clients

Arias maintains strong relationships with key clients including Equinor, SBA Communications, Hidroenergy de Nicaragua, Banpro, Cooke Central America Finance and Teléfonica.

 

Research period review: 31st edition (2020/2021)

Over the research period, the firm advised on an important credit line, and cross-border loans agreements for borrowers and lenders.

M&A-wise the firm structured transactions for local clients and acted as local counsel in international transactions. Projects work for the firm included regulatory and real estate advice, concession agreements and other energy work.

 

Deal highlights: 31st edition (2020/2021)

CCN and CRN $30 million senior secured loan

Equinor concession contracts

Nagarote, Leon 300MW gas-based power generation plant

Oikocredit $2 million credit line

Consortium Legal

Full-service Central American firm Consortium Legal has offices in Guatemala, El Salvador, Honduras, Nicaragua and Costa Rica. The Nicaraguan branch is located in Managua and is highly regarded by clients and peers alike.

 

Focusses / specialisms

The firm is top tier across the board but has special expertise in the banking and capital markets practice area.

In banking, the team represents lenders and borrowers in loan agreements, credit facilities and restructurings.

It also regularly works on capital markets transactions including derivatives, securitizations, public offerings, and investment fund matters.

Additionally, the firm works advises local and international clients across all industries on M&A matters.

The firm also does outstanding work in the project development practice area, representing developers and sponsors in a wide array of industries.

 

Key clients

Key clients for the firm include many banking and financial institutions such as HSBC, Fundenuse, Credit Suisse, Bank of Nova Scotia, Banpro and Banco Latinoamericano de Comercio Exterior.

 

Research period review: 31st edition (2020/2021)

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

The banking practice assisted on financing asset acquisitions, loans, and credit facilities.

The capital markets team advised on an issue of bonds. Notably, the team also advised on a complex derivatives transaction.

M&A activity, like for the rest of Nicaragua, was slow, though the team advised on the local aspects of a capital acquisition.

 

Deal highlights: 31st edition (2020/2021)

Industrial Comercial San Martin $27 million loan

Monte Rosa $15 million credit line

Tegra $ 100 million financing

The Central America Bottling Corporation $200 million bond issue

Willis Towers Watson acquisition of Unity Group Holding in Central America

 

Client feedback: 31st edition (2020/2021)

"Good and quality service. The firm has very good lawyers with a very high knowledge of the banking sector. "

EY Law

EY Law has an office in Guatemala City. It has a wide network with more than 4000 lawyers in 150 countries

 

Focusses / specialisms

Known for its financial and corporate and project development work, the firm often works across borders with other Central American EY Law offices.

The firm is experience in M&A and represents both strategic buyers and sellers in acquisitions and other general corporate matters. The firm has expertise in the infrastructure sector. 

 

Key clients

Key clients include the Central American Bank for Economic Integration, Fondo del Milenio II and the Government of El Salvador. 

 

Research period review

During the research period, the firm worked on acquisitions, advising both strategic buyers and sellers. The firm also worked with clients in a wide variety of industries on acquisitions and other corporate matters.

On the project development side, the firm advised numerous clients on regulatory matters related to infrastructure developments. 

Partner Enrique Moller departed the firm in July 2020.

Mayora & Mayora

Since its founding in 1966, Central American law firm Mayora & Mayora has expanded its physical presence to three countries: Guatemala, Honduras and El Salvador. Its Guatemalan office is located in Guatemala City. The firm is part of the LexMundi alliance. 

 

Focusses / specialisms

The firm is highly regarded in the financial and corporate practice areas, especially in banking and finance and M&A matters. It is also active in project development.

In banking and finance, the firm advises mostly lenders on loan and credit agreements. It also does debt capital markets work and represents underwriters in bond issuances.

In M&A, the firm represents mostly strategic buyers in acquisitions and other corporate matters.

The project development team is active in the construction and energy industries. 

 

Key clients

Key publishable clients for the firm include Banco Azteca, Capgemini, Sucden America, Grupo Cobra, Grupo Montañesa and Diageo. 

 

Research period review

Over the most recent research period, the firm advised on a cross-border notes issuance, loan agreements, and represented the buyer in an acquisition in the agriculture industry.

 

Deal highlights

Grupo Montañesa $7.2 million acquisition of agricultural assets

BLP

BLP is a Costa Rican firm that was founded in 2003. It has a large regional footprint with offices in Guatemala, El Salvador, Nicaragua, Spain and Honduras. The Guatemala practice has one office in Guatemala City.   

 

Focusses / specialisms

The M&A practice is regarded for its work with local and international companies in buy and sell-side transactions. 

The banking and finance group has experience in cross border deals, project finance and debt restructuring.

 

Key clients

Key clients for the firm include, Samsung, Uber, Avianca, Banco Promerica and H&M.

Central Law Guatemala

Central Law was established in 2003 as an international Central American firm. The firm has a large regional footprint, with offices in Guatemala, El Salvador, Nicaragua, Costa Rica and Panama. The Guatemala practice has one office located in Guatemala City.   

 

Focusses / specialisms

The project development team at the firm advises clients on contracts, environmental regulation and legal compliance. 

The financial and corporate team at the firm assists clients in restructuring, buying and selling shares and on compliance issues in Guatemala.  

 

Key clients

Key clients include, DISS Guatemala, Mabe Guatemala, ESINSA and Worldwide Cosmetics. 

 

Client feedback: 31st edition (2020/2021)

 

Project development

"They are very knowledgeable of all legal services required on property legal matters, permits with the local government and advisory of various legal topics."

 

Restructuring: Corporate

"Good communication and explanations."

ECIJA

ECIJA is an Ibero-American law firm with 800 professionals in offices in Europe and Latin America. The firm was founded more than 20 years ago and has continued to expand since then. ECIJA opened its Guatemala office in November 2020 by merging with 23-year-old local firm, Integrum.

 

Focusses / specialisms

The firm has a focus in oil and gas and frequently advises large multinational corporations in this area.

 

Key clients

Key clients include Puma Energy, Maju Corporation and Genepal.

Latin Alliance

Latin Alliance was founded in 1990. The firm has a presence throughout Central America, with offices in Guatemala, Honduras, El Salvador, Nicaragua and Costa Rica. Ruth Olivares is the head of the corporate department in Guatemala.  

 

Focusses / specialisms

The firm advises on corporate finance, loans, M&A, due diligence and corporate incorporation.  

 

Key clients

Clients for the firm include, Alutech Guatemala, Yobel SCM Logistics and BANRURAL.

Lexincorp

Lexincorp has offices throughout the Central American region, including El Salvador, Honduras, Nicaragua, and Costa Rica and Guatemala.  

 

Focusses / specialisms

The financial and corporate team at the firm advise both borrowers and lenders in the financial industry. The team advises clients on corporate governance and provides ongoing advice on loan structures.  

 

Key clients

Key clients for the firm include, Terrum Desarrollos, Thor Capital, Eólico San Antonio El Sitio and Ingenio La Unión. 

 

Client feedback: 31st edition (2020/2021)

Restructuring: Corporate

"Keep up with work to be done, are very confidential."

QIL+4 Abogados

Founded in 2015, QIL+4 is a full-service firm that provides legal services to clients throughout the Central American region. The firm has one office located in Guatemala City. 

 

Focusses / specialisms

The firm has a strong energy focus, advising on the development of over 1500MW of energy in Guatemala. The financial and corporate team advises on buy and sell-side transactions, as well as government loans.  

 

Key clients

Key clients for the firm include the Republic of Guatemala, Minera San Rafael, CIFI and Grupo Terra.  

 

Client feedback: 31st edition (2020/2021)

M&A

"Extensive and professional team of executives, with well-known experience in different areas."

"Accurate and timely advice, with careful consideration not only of legal aspects but reputational and operational. Great management of the relations with our counterparts. Marcos Ibarguen is a top-notch lawyer."

 

Project development

"The firm has a group of lawyers with different experiences, that is why they have offered us several alternatives."

"Very professional legal advice, on time and always available."

 

Project development: Energy

"Always deliver on time, proactive and excellent results."

Sfera

Sfera Legal was established in 2012. The firm is located throughout Central America, with offices in Costa Rica, Honduras, El Salvador, Nicaragua and Guatemala. The firm also has a US office in New York.

  

Focusses / specialisms

The banking and finance team is known for its work with international finance institution, and the firm is also strong in M&A.

 

Key clients

Key clients include TIGO and Banco G&T Continental.

Skinner-Klée & Asociados - LatamLex

Latamlex is a Central American firm with offices in Costa Rica, Honduras, El Salvador, Nicaragua and Guatemala.  

 

Focusses / specialisms 

The firm advises both local and international companies on a range of corporate matters. It frequently advises lenders in banking transactions under Guatemala law. 

 

Key clients 

Key clients include Banco Aliado and Comerzbank.