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Garrigues

AVENIDA CALLE 92 NO 11-51, PISO 4, BOGOTA, COLOMBIA
Tel:
Work +57 1 326 6999
Email:
Web:
www.garrigues.com

Colombia

Banking and finance
Banking and finance - ranked: tier 3

Garrigues

Garrigues’ banking and finance practice is ‘simply excellent’, and a ‘fast-growing actor in the Colombian market’. The ‘experienced’ team, led by former Chief Financial Superintendent Roberto Borras, is well-versed in the regulation of the financial, securities and funds industries. Felipe Quintero is leading the advice to the concessionaire of the Conexión Pacífico 1 toll road (a 4G concession) regarding the first credit disbursement to finance the project, valued at approximately $840m; and a team led by Javier Ybañez and including principal associate Camilo Gantiva is acting for Cirsa Funding Luxembourg-Winner Group on a €450m bond issuance in the European public markets.

Next generation lawyers

Camilo Gantiva - Garrigues

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Competition and antitrust
Competition and antitrust - ranked: tier 3

Garrigues

Recent work for Garrigues includes advising on the Colombian aspects of AT&T’s proposed merger with Time Warner, including filing for clearance before the SIC. It is also acting for GRAVICON and its general manager in investigations initiated by the SIC against several corporations into an alleged price-fixing cartel, involving potential fines of up to $23m if charges are proven. José Miguel de la Calle leads the team, and associates Angela María Noguera and Alejandro Acevedo are also recommended.

Leading lawyers

José Miguel De La Calle - Garrigues

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Corporate and M&A
Corporate and M&A - ranked: tier 3

Garrigues

Garrigues has ‘a proven track record advising on transactional operations’, and ‘its level of service is one of the best in the world for M&A matters’. Felipe Quintero attracts praise for his ‘vast knowledge, pragmatism, business acumen and total dedication to cases’. The firm advised gas power corporation Termo Mechero Morro on a substantial investment made by Ashmore Group in the company, covering the negotiation and review of the investment agreement and completion of the transaction; and also acted for Mexican restaurant operator Alsea on its $18m acquisition of Colombian chain Archie’s. Other significant clients include Corona, Cementos Molins and Prosegur. Ignacio Londoño is also recommended.

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Projects
Projects - ranked: tier 4

Garrigues

Regularly involved in large infrastructure projects, the multidisciplinary projects team at Garrigues combines financing expertise with public law capabilities and is currently acting on three significant 4G projects. It is acting for the concessionaire of Conexión Vía del Pacífico, COVIPACIFICO, on the financing of the $1bn toll road concession; and is also advising China Harbour Company on financing and other matters relating to the $517m Autopista Mar 2 project (a 245km highway in Antioquia). Oscar Martínez, Ignacio Londoño and Felipe Quintero are the key names.

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Tax
Tax - ranked: tier 3

Garrigues

The ‘creative and practical’ team at Garrigues has been involved in some of the country’s highest-value tax disputes, and is also very active advising public and private bodies on tax reforms and government policies, with a strong track record in tax planning. Fernando Zarama, who has more than 30 years’ experience in tax and customs, heads the practice with Camilo Zarama, with support from principal associate César Cermeño. A team led by Camilo Zarama successfully represented Praco Didacol in relation to an official audit of $25m expenses recorded by the client in its tax declaration under amortisation of purchased goodwill, which the tax authority questioned as non-deductible. The team is currently advising the Post-Conflict Ministry and the EU on a project to draft a tax benefits bill for private corporations willing to invest in areas affected by the armed conflict between military forces and FARC guerrillas.

Leading lawyers

Fernando Zarama - Garrigues

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Colombia: Dispute resolution

Litigation
Dispute resolution: litigation - ranked: tier 3

Garrigues

Garrigues’ litigation group is praised for ‘its deep knowledge of the sector and rapid responses to clients’ queries’. The practice is co-led by José Miguel de la Calle and Alberto Acevedo, and covers traditional litigation, bankruptcy, and unlawful competition. A highlight saw the team acting for Punto FA (Mango) in a high-profile dispute initiated by Mercado & Moda (M&M) on grounds of alleged unlawful competition related to the termination of a franchise agreement. The firm also acted for Pacific Exploration and Production (formerly Pacific Rubiales) and its Colombian subsidiaries in bankruptcy proceedings with a total value approaching $5.2bn. Other clients include Alianza Fiduciaria, Prosegur, Multibank and Credivalores.

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Further information on Garrigues

Please choose from this list to view details of what we say about Garrigues in other jurisdictions.

Belgium

Offices in Brussels

China

Offices in Shanghai and Beijing

Chile

Offices in Santiago

Colombia

Offices in Bogota

Spain

Offices in A Coruña, Alicante, Cáceres, Granada, Las Palmas, León, Malaga, Murcia, San Sebastian, Valladolid, Vitoria, Zaragoza, Oviedo, Burgos, Palma de Mallorca, Pamplona, Barcelona, Seville, Bilbao, Madrid, Vigo, Valencia, Tenerife, Logrono, and Toledo

Foreign firms

London

Offices in London

Morocco

Offices in Casablanca and Tangier

Mexico

Offices in Mexico City

Peru

Offices in Lima

Poland

Offices in Warsaw

Portugal

Offices in Lisbon and Oporto

Legal Developments by:
Garrigues

  • CHANGES IN THE REGIME GOVERNING RESTRICTIONS ON VOTING RIGHTS AT SPANISH LISTED COMPANIES

    On June 17, 2010, following a rough and eventful passage through Parliament, the Lower House of the Spanish Parliament finally approved a transcendental amendment to the Spanish Corporations Law (to article 105.2) affecting only listed corporations: a prohibition on voting ceilings for a same shareholder (or companies in the same group), regardless of the number of shares they own. 
    - Garrigues

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