Hall Of Fame

Next Generation Partners

Corporate and finance in Nicaragua

Arias

Distinguished by its track record in advising major domestic and international financial institutions and corporations in cross-border transactions, regional firm Arias is experienced in providing a broad service including regulatory matters, investment advice and M&A for clients involved in a variety of industry sectors including hospitality, energy, insurance and technology. Nicaragua managing partner Ana Teresa Rizo, Bertha Argüello and Gustavo-Adolfo Vargas all lead the team and have each played a key role in high-profile matters: Rizo is experienced in handling complex transactions, including the structuring of acquisitions, while Argüello specalises in advising on the regulatory aspects of investments, and Vargas is noted for his expertise in covering issues such as minority shareholders' rights. Senior associate Uriel Balladares is noted for his experience in advising on corporate and tax structures, and has been pivotal in aiding the growth and development of businesses at the forefront of Nicaragua’s sustainable progress. Rodrigo Ibarra and senior associate Maryeling Guevara are also key names.

Responsables de la pratique:

Ana Teresa Rizo; Bertha Argüello; Gustavo-Adolfo Vargas


Les références

‘The firm has a very good command of processes, which gives us  confidence in optimizing our internal resources and, in turn, improving our understanding of corporate legal matters, as well as, when required, support in civil commerce in distribution contracts.’

‘Excellent support and service, with follow-up on corporate legal matters.’

‘It is an excellent team of lawyers who are able to assist us in all aspects of business, corporate, tax and labour matters both in Nicaragua and the region.’

Principaux dossiers


  • Advising the International Finance Corporation (IFC) on its refinancing of its existing debt and expansion across the Latin American and Caribbean (LAC) region, including assisting with legal assessments, document review, and preparation in Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua.
  • Providing legal advice to Across Nature AS, including preparing all required documentation to support the inter-company operations of the local subsidiaries of the company, with attention to the documentation required for the implementation of the sale of the CO2 emission reduction units (ERUs).
  • Advising on the acquisition refinancing by H.I.G. Capital of several entities engaged in the logistics business in Latin America pertaining to Logística Industrial Group (Loginsa).

Consortium Legal

Spearheaded by Olga Barreto and Rodrigo Taboada, who are equipped to cover the full gamut of banking and corporate services, the team at Consortium Legal is capable of providing clients with a range of services relating to advising on, preparing and negotiating commercial contracts and transactions, and aiding in the incorporation and dissolution of companies and foreign branches. Carlos Taboada is active in corporate and financial restructurings for agribusiness and energy sector clients, as well as advising on regional financings and due diligence processes. Senior associate Maria Lizeth Prado is noted for her specialist expertise in microfinance institutions and governance issues, as well as the structuring of transactions. Prado has also been active in assisting non-profit organisations focused on promoting the development of young entrepreneurs both at a local and international level. Senior associates Meyling Sampson and Mónica Brenes also provide key support.

Responsables de la pratique:

Olga Barreto; Rodrigo Taboada


Principaux clients

BAC International


Citibank, N.A.


Caterpillar


Banco de la Producción S.A. (“Banpro”)


Philip Morris


Nestlé


Fundación León 2000


Fundenuse


Asociación FDL


Por Mujer


Productive Business Solutions (Nicaragua),Sociedad Anónima


Olam Nicaragua, Sociedad Anónima


Principaux dossiers


GarciaBodan

Utilising its regional depth to provide banking and corporate services through its eight offices located across Central America, GarciaBodan has a strong track record in domestic and international M&A transactions, as well as in advising on a variety of corporate and finance matters for clients engaged in industry sectors including aerospace and defence, automobiles and product manufacturing. Regional managing partner Terencio García and Federico Gurdián, the head of the firm’s regional corporate-commercial and transactional practice, both lead the team, with García active in major corporate transactions throughout Central America, including privatisations in Nicaragua, and Gurdián experienced in regional transactions. Tax practice head Melvin Estrada leverages his expertise in tax law to assist on the tax implications of commercial and financial transactions, and senior associate María Alejandra Baldizón provides advisory and due diligence services in relation to both national and international public tenders. Carlos Téllez, who also oversees the Guatemalan office, is a key name for advising multinationals across the financial, telecoms, infrastructure and real estate sectors. Senior associate Dania Navarrete is also noted.

Responsables de la pratique:

Terencio García; Federico Gurdián


Les références

‘Excellent team of lawyers, quick responses, 100% professional support.’

‘They stand out for their response times, simplification of issues, and clarity in providing action point options.’

‘María Alejandra Baldizón is always ready to find the best strategies to propose solutions to cases while optimising resources. I love that she is very efficient in her response times, which is very important for us because we have businesses waiting for legal advice on making investments, negotiating contracts, analysing case risks, and more. Terencio García is also extremely accessible. He is always willing to take calls to clarify questions or concerns.’

Principaux clients

Grupo Lala


Puma Energy


Foxconn Interconnect Technology (FIT)


United Airlines


Cargill


Unifirst


Draexmaier


Roo Hsing


Grupo Atlántida


Baker Hughes


Principaux dossiers


Alvarado y Asociados

Alvarado y Asociados fields an experienced team capable of providing a full service to clients with regard to handling cross-border transactions, M&A, and the drafting of commercial agreements, as well as corporate and financial restructuring processes. The practice has been a key port of call for international law firms including Baker & McKenzie and DLA Piper who have turned to the team to assist in international financing and M&A transactions that require expertise in Nicaraguan law. Founding senior partner Gloria María de Alvarado heads the practice and has played an integral role in numerous multi-jurisdictional corporate and commercial cases for clients engaged in the finance, telecommunications, banking, and food and beverages industries. Associate Norma Jaen is noted for her collaboration on corporate due diligence processes, alongside aiding in the formalisation of contracts and closing of transactions, while other key names include senior associate Claraliz Oviedo.

Responsables de la pratique:

Gloria María de Alvarado


Principaux clients

Grupo Almo


Cemex


Grupo Bimbo


Concentrix


AeroMexico/Aerolitoral


Delta Airlines


Transunion


Makol de Nicaragua


Principaux dossiers


BLP

BLP‘s corporate practice advises a range of domestic and multinational clients on restructurings and M&A, as well as day-to-day corporate and financial matters. The team has notable recent experience of handling acquisitions not only involving Nicaragua, but also jurisdictions across Central America and Brazil, Vietnam and Curaçao. Ernesto Rizo leads the team and is well versed in advising local and foreign companies on transactions in the corporate and financial fields, including corporations engaged in the industrialisation and commercialisation of agricultural, forestry and other natural resources. Director Federico Barrios specialises in corporate compliance, and is a key name in both the transactional and regulatory spaces. Special counsel Juan Castillo is skilled in providing strategic guidance to companies in the business services, marketing and manufacturing sectors during the process of establishing their operations in Nicaragua under the free trade zone regime.

Responsables de la pratique:

Ernesto Rizo


Les références

‘They always respond to our requests and act promptly on every matter they handle.’

‘The BLP team’s availability, accessibility, and technical and local and regional knowledge make it stand out.’

‘Juan Castillo’s technical handling of the matters and his experience stand out.’

Principaux clients

Grupo Dragón/Grupo Salinas Mex


Grupo Unicomer


JCDecaux


Renewable Resources Group


Schlumberger-Surenco


Calibre Mining


Numar


Volvo Trade Finance


Mediterranean Shipping Company


ASSA-Compañía de Seguros


Disagro


Transnetwork


Principaux dossiers


  • Advising Grupo Dragón in bidding over three exploratory wells for a groundbreaking a $40m geothermal project.
  • Providing legal counsel to JCDecaux in its acquisition of a 70% majority stake in IMC.
  • Acting as an advisor to Mediterranean Shipping Company in the process of purchasing shares from minority shareholders and local partners of operating companies in several countries.

ACZALAW Nicaragua

Covering a broad clientele from industry sectors including pharmaceuticals, technology and telecoms, ACZALAW Nicaragua is instrumental in advising on a wide spread of domestic and cross-border transactions and day-to-day corporate matters, as well as providing regulatory services. Minerva Bellorin co-leads the practice and is experienced in business investment matters, alongside assisting with areas including government tenders, taxation and due diligence processes for M&A transactions. Alonso Porras also co-leads the practice and advises companies on regulatory and compliance matters, including government relations.

Responsables de la pratique:

Minerva Bellorín; Alonso Porras


Les références

‘I know I can rely on the in-depth knowledge and proactive communication of the team at ACZALAW. Their advice is clear and concise, translating local requirements and laws into actionable points. They care about their clients, keep client interests at the forefront and have an exceptional and highly professional, approachable, knowledgeable team. I would not hesitate in recommending them for legal representation in company law.’

‘As a non-Spanish speaker working from Europe with no knowledge of corporate law in Nicaragua, I know that I can rely on the expertise and responsiveness of true professionals as well as an empathetic and friendly exchange and work environment, with all the individual employees at all levels.’

‘Very agile in responding to legal needs despite the country risk factor. The team has adapted excellently to the context of their jurisdiction to continue providing high-quality legal services.’

Principaux clients

Concentrix


Genoma Lab International


HH Global


Kuehne + Nagel


Mercator by Citco


Grant Thorton Nicaragua


WI FI NIC, SA


Acciona


Hispasat


VOOV BPO


Red Door Consulting


Principaux dossiers


  • Providing advisory support throughout the international merger between Concentrix and Webhelp SAS, and its three Nicaraguan subsidies.

Aguilar Castillo Love

Co-led by Nicaragua managing partner Thelma Carrión and Violeta Núñez, Aguilar Castillo Love advises clients across a broad spectrum of industry segments on commercial and transactional mandates, alongside assisting with corporate governance and day-to-day corporate matters. This expertise is well utilised for financial sector clients including the Nicaraguan Stock Exchange, central securities depository CENIVAL and Banco de la Producción. Associate Claudia Guevara makes effective use of her litigation expertise to assist corporate clients in detecting potential risks that may arise and how to mitigate that risk.

Responsables de la pratique:

Thelma Carrión; Violeta Núñez


Les références

‘ACL stopped up to resolve a big problem for us and have given us great advice on a number of issues for a cost-effective amount.’

‘The team’s strengths lie in its knowledge and experience in the various areas that make up its advisory service.’

‘They stand out for the availability of their client service. What sets them apart from other competitors is the speed with which they respond to clients’ inquiries. Their best qualities are their dynamism and their proactive approach to providing specialised advice.’

Principaux clients

Torrecom


Westland Bloemen


Central Nicaragüense de Valores (CENIVAL)


Bolsa de Valores de Nicaragua


Imelco


Cupid Intimates


Caban Systems


Emdep Group


Carestream


Hewlett Packard


Eza Capital


Banco de la Producción


ADN Group


Grupo Proval


Dell


Monelez International


General Electric


Principaux dossiers


  • Advised Torrecom on a credit facility granted by Proparco, DEG and IDB Invest to finance its continued expansion, as well as re-financing a loan initially granted in 2017.
  • Advised Westland Bloemen on the enforcement of mortgages granted by an insolvent Nicaraguan company, in connection with a loan of $500,000.
  • Assisted Imelco with the setting up and opening of a new company and operations in Nicaragua, including all corporate and regulatory matters.

Dentons

Dentons combines its strengths in corporate and financial law, in addition to utilising its in-house technological advancements and AI capabilities, to efficiently manage clients’ cases and improve outcomes across a broad range of matters including M&A and corporate and tax issues. Country managing partner Edgard Torres and corporate director Favio Batres co-lead the department, and other key names include Elvis Martínez, who specialises in loan agreement negotiations and handling corporate portfolios. The team was further bolstered by the additions of senior associates Pablo Areas, who joined the firm from Nassar Abogados S.A in August 2024, and Mario Novoa, who joined from Munguia Vidaurre Law in October 2024.

Responsables de la pratique:

Edgard Torres; Favio Batres


Les références

‘An excellent corporate team with a strong business vision.’

‘Dentons Nicaragua has provided us with top-notch legal services. The transactions we’ve recently handled with them have been completed in the best possible manner. They handle day-to-day matters immediately and always consider the client’s best interests.’

‘In this case, our contact is Mario Novoa. His availability is excellent, as are his response times. The firm also supports us in country situations, which gives us great security.’

Principaux clients

Incofin


Grupo Carso, S.A.B. de C.V.


Hirdaramani Group


Principaux dossiers


  • Advised Incofin on the sale of Nicaraguan microfinance entity Fundeser to Spain’s Grupo Atlántida, providing comprehensive guidance, including tax impact assessments, regulatory approvals, SPA negotiations, and closing procedures.
  • Represented Grupo Carso, S.A.B. de C.V. on the merger of two of its Nicaraguan subsidiaries in the telecoms and construction sectors, and managed the merger clearance process before Nicaragua’s Antitrust Authority, coordinating with teams in Mexico.
  • Advised Sri Lanka’s Hirdaramani Group on establishing a joint venture with Alo in Nicaragua, providing guidance on the legal, tax, financial, and operational aspects.