Central America: Corporate 2017

This edition features 95 of the leading corporate practitioners in the region, who are identified for their exceptional expertise advising corporates on all legal aspects relating to M&A transactions, as well as advising corporate executives on governance issues.

Most Highly Regarded
1. David Gutiérrez BLP, San José
2. Hernán Pacheco Pacheco Coto, San José
3. Luís Pellerano Pellerano & Herrera, Santo Domingo
4. Claudia Pereira Mayora & Mayora, Guatemala City

Costa Rica

BLP boasts the foremost corporate team in the Costa Rican market with five of its practitioners noted for their impressive work in the space.
David Gutiérrez is the leading corporate lawyer in the region. He is regarded by peers as “a top name” in the legal market, most notably in relation to M&A work.
Luis Castro is “a major player” when it comes to M&A transactions and remains a firm favourite among clients seeking counsel in the area.
Eduardo Calderon is identified for his first-rate practice that encompasses M&A, private equity and general corporate matters.
Ronald Lachner focuses his practice on corporate, finance and transport law. He is commended for his great regulatory understanding.
According to sources, Neftalí Garro is “an obvious inclusion” and is well versed in handling corporate reorganisations, asset-based acquisitions and regulators matters.

CONSORTIUM LEGAL also performs well as four of its corporate lawyers are identified for their outstanding practices.
Rolando Laclé Castro is a prominent name in the market and is renowned across the region for his invaluable experience handling corporate law matters.
Mario Quesada Bianchini stands out among peers for his expert handling of M&A matters, particularly regarding cross-border transactions and the acquisition of financial institutions.
Rolando Laclé Zúñiga is recognised for his excellent M&A work, and is considered a well-known player in the field.
David Arturo Campos wins praise for his expertise dealing with both domestic and regional acquisition processes.

PACHECO COTO achieves three listings this year, demonstrating the strength of its corporate team.
The “fantastic” Hernán Pacheco heads the firm’s corporate and business law group. He is internationally renowned for his exceptional work handling a wide array of matters, including M&A, joint ventures and corporate restructurings.
Fernando Vargas is highly sought after by clients, who include both domestic and international corporate entities, for his expertise in complex and high-profile transactions.
Arturo Apéstegui Barzuna is a corporate specialist with over 20 years’ experience advising local and international banking clients on domestic and cross-border M&A transactions.

Newly formed DENTONS MUÑOZ also receives three listings this year. Dentons merged with Muñoz Global earlier this year, making it the first global law firm with offices in Central America.
Founding partner Pedro Muñoz continues to impress sources with his exceptional knowledge of domestic and international corporate law. He is known for his extensive experience working with global brands who he advises on transactional and strategic matters.
Managing partner José Antonio Muñoz is recognised globally for his standout corporate law practice that focuses on governance issues and corporate and tax structuring.
Daniel Araya is a very well-known figure in the market and is commended for his great work dealing with corporate and financial transactions. One source effuses: “Daniel is an outstanding attorney. He has my highest recommendation.”

Three lawyers at FACIO & CAÑAS are recommended in this chapter for their strong corporate practices.
Victor Garita is respected throughout the region as a top-tier practitioner and wins praise for his exceptional understanding of Costa Rican corporate law.
Sergio Solera dedicates his impressive practice to corporate and real estate matters and is highlighted in particular for his cross-border transactional work.
Manuel González is also noted for his expertise in the field.

At ZURCHER ODIO & RAVEN three individuals are recognised as experts in the space.
Alberto Raven-Ramírez is a longstanding figure in the Costa Rican market. He is commended for his invaluable experience and tremendous understanding of domestic corporate law.
Fellow founding partner Harry Zurcher enjoys a stellar reputation in both the domestic and regional legal market, and is widely respected for his work handling corporate law, foreign investment and real estate matters.
The “terrific” Ignacio Gallegos is also recognised for his great expertise handling a wide array of corporate law matters.  

Dominican Republic

Two practitioners at PELLERANO & HERRERA stand out as leading names in the domestic market.
Luís Pellerano is a “top name” in the Dominican Republic, and possesses over 35 years of experience handling financial, corporate and securities law matters on behalf of foreign and multinational companies.
Mariángela Pellerano remains a firm favourite among clients, including both domestic and international corporate entities, who value her strong knowledge of corporate and transactional law.

At HEADRICK RIZIK ALVAREZ & FERNANDEZ, founding partner Roberto Rizik is a finance specialist, according to sources, and is well versed in M&A transactions, international financings and general corporate matters.

El Salvador

Three top-tier practitioners at CONSORTIUM LEGAL are noted for their corporate law expertise.
Oscar Samour is “a great lawyer” who excels when it comes to M&A transactions, dispute resolution, corporate finance and banking matters.
Diego Martin Menjivar draws widespread praise for his first-class practice and is particularly well known for his great understanding of corporate and tax law.
Maria Alejandra Tulipano Illuega is another prominent practitioner who stands out for her impressive corporate nous.

At ARIAS, regional managing partner Armando Arias is a well-established and highly respected name in the Central American market. His “brilliant” practice focuses on corporate, M&A and finance law and he is someone that peers “would absolutely recommend”.
The “fantastic” Zygmunt Brett draws praise from peers and clients alike for his excellent regional M&A work.


MAYORA & MAYORA boasts the leading corporate group in Guatemala achieving three listings this year.
Eduardo Mayora focuses his practice on corporate, finance and tax matters. He wins praise for his expert handling of complex and high-profile cases. 
Claudia Pereira is an internationally recognised M&A specialist who is highly sought after by clients for her exceptional transactional work.
Rafael Briz is also highlighted for his strong expertise in the area.

QIL+4 ABOGADOS performs well this year with two leading lawyers listed.
Marcos Ibargüen Segovia is “truly a standout name in the market” and is well known for his fantastic work dealing with corporate matters across a range of sectors from manufacturing and telecoms to energy.
José Quiñones impresses with his excellent finance and tax practice, and enjoys “a great reputation in the field”.

At CONSORTIUM LEGAL two practitioners are highlighted for their expertise in the space.
Founding partner Alvaro Rodrigo Castellanos Howell is considered “one of the best-known practitioners in Guatemala”, according to sources. He is well versed in dealing with matters across a wide array of regulated industries including telecommunications and intellectual property.
Corporate practice head Alfredo Rodriguez Mahuad is a seasoned practitioner known for his longstanding corporate expertise.

ARIAS is also represented by two impressive individuals.
Jorge Luis Arenales de la Roca is very active in the Central American M&A market, an area in which he is considered a true specialist.
The “excellent” Luis Pedro del Valle delivers effective and intuitive counsel to clients in relation to M&A transactions, corporate structures and foreign investment matters.


Regional giant CONSORTIUM LEGAL achieves three nominations in this chapter.
José Ramón Paz is “a strong name” in the market according to peers, who praise his superb knowledge of domestic commercial, banking and corporate law.
Gustavo León-Gómez Rodas regularly counsels local financial institutions on a range of corporate matters, and is also known for his first-class dispute resolution work in the area.
José Rafael Rivera Ferrari specialises in M&A and due diligence processes and is first choice for many clients who include domestic, international and multinational entities.

Two names at AGUILAR CASTILLO LOVE are listed in our research this year.
Juan José Alcerro-Milla has a wealth of expertise dealing with corporate and M&A-related matters and is regarded as one of the go-to lawyers in the region.
Enrique Rodríguez-Burchard continues to impress with his strong corporate practice.


CONSORTIUM LEGAL also boasts the foremost corporate team in Nicaragua achieving three listings.
Firm president José Evenor Taboada draws praise from international sources for his invaluable experience having spent over 45 years practicing in the field. He is highlighted for his impressive roster of high-profile clients who include Sony, Wal-Mart and General Electric.
Leading light Olga María Barreto Gutiérrez regularly counsels both foreign and domestic clients in relation to financings, banking matters and the establishment of business ventures in the country.
Martha Lorena Icaza Ochoa is “an outstanding practitioner”, according to peers who praise her work handling business development projects.

GARCIA & BODAN receives two nominations this year.
Terencio Garcia Montenegro is one of the foremost corporate practitioners in the Nicaraguan legal market. He is engaged in major transactions across a range of sectors from telecommunications to energy, oil and gas.
Head of the corporate-commercial and transactional group Federico Gurdián is highly regarded in the market for his terrific work handling M&A and corporate matters.

Two leading names at ALVARADO Y ASOCIADOS are highlighted in this chapter.
Founding and managing partner Gloria Maria de Alvarado is a well-established figure in the Nicaraguan market. She wins praise for her world-class finance and corporate practice.
Fellow founding partner José Antonio Alvarado is renowned for his expert handling of M&A, due diligence and other transactional matters.


MORGAN & MORGAN stands out in the Panamanian corporate sphere. Five practitioners are highlighted this year for their exceptional work in the area.
Ana Carolina Castillo Solis is “a dedicated and thorough practitioner”, well known for the exceptional quality of her work and attention to detail. According to one source, “She provides extensive knowledge of the Panamanian market and domestic regulations.
Inocencio Galindo frequently counsels clients on the sale and purchase of corporate entities, joint ventures and corporate transactions, and is a widely respected figure in the field.
Eduardo Ferrer is also recognised for his exceptional handling of corporate, banking and finance matters.

Domestic powerhouse ALEMÁN CORDERO GALINDO & LEE is represented by four leading practitioners.
Eloy Alfaro B is internationally recognised as a prominent name in the Central American market. His expertise encompasses M&A, cross-border financings, banking matters and corporate law.
Founding partner Carlos Cordero is a longstanding name in Panama, and is widely recognised in the region as a top-tier corporate practitioner.

ARIAS FÁBREGA & FÁBREGA also achieves four listings this year.
LeRoy Watson stands out as one of the leading names in the field, and is well versed in dealing with corporate governance matters, joint venture agreements, securitisations and the negotiation and drafting of contracts.
Roy Durling Jr is internationally recognised as a prominent lawyer in the region. He leads the firm’s business and corporate law practice and regularly handles both domestic and international business transactions.  

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Nominees have been selected based upon comprehensive, independent survey work with both general counsel and private practice lawyers worldwide. Only specialists who have met independent international research criteria are listed.

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