The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon


Work +57 1 326 6999


Banking and finance
Banking and finance - ranked: tier 2


Garrigues’ clients appreciate an ‘excellent’ service which brings ‘personal attention and specific knowledge about means of payment’. A former director general of financial regulation at the Ministry of the Economy (MHCP) as well as financial superintendent, former of counsel, now partner Roberto Borras leads the practice. He and counsel Camilo Gantiva, are both ‘highly competent with a good relationship with the regulators, and with a good capacity to understand customer needs’. The team assisted Alpha Holding with the local guarantees and regulatory issues related to the company’s $300m bond issue. Principal associate Francisco Noguera advised a syndicate of lenders (Compartimento Deuda Privada Infraestructura Privada I del FCP 4G, Credicorp Capital–Sura Asset Management, Banco Davivienda and Banco de Bogotá) on the $900m project financing for the Coviandina PPP toll road project for the third stretch of the Bogotá-Villavicencio highway.

Next generation lawyers

Camilo Gantiva - Garrigues

[back to top]

Competition and antitrust
Competition and antitrust - ranked: tier 3


Garrigues offers an ‘outstanding’ and ‘excellent’ service, participating both in high-profile cartel cases and merger control filings. Former head of the SIC José Miguel De La Calle, whose background ‘makes him a key player for the execution of the work’ heads the practice. The six-lawyer team advised AT&T on the merger control procedure in Colombia regarding its acquisition of Time Warner; and also represented Gravicon in an administrative investigation initiated by the SIC against several companies concerning an alleged price-fixing cartel in the supply market for stone and sand in the construction of infrastructure for Ecopetrol, the government entity for fuel and petrol exploitation.

Leading individuals

José Miguel De La Calle - Garrigues

[back to top]

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


Garrigues receives praise for its multidisciplinary focus and expertise, providing specialised and comprehensive advice on M&A deals and joint venture transactions. The ‘strongly recommended’ Ignacio Londoño advised Ufinet Telecom on its acquisition of managed network and cloud solutions provider, IFX Networks. The firm boosted its team with the incorporation of Andrés Ordóñez, as counsel, from Willkie Farr & Gallagher LLP, Diana Guevara, from Gómez-Pinzón Abogados (GPA), as senior associate, and Paola Valderrama as associate, but lost Felipe Quintero to DLA Piper Martinez Beltrán. Other clients include China Harbour Engineering Company, Bain Capital Private Equity, Lafarge, Eiffage, Prosegur, Grupo Prisa, and OHL.

[back to top]

International trade and customs
International trade and customs - ranked: tier 3


Garrigues’ practice specialises in customs controversies and free trade zone qualifications as well as providing support on customs and international trade contingencies during due diligences for high-profile transactions. César Cermeño leads the team, which has been strengthened with the arrival of associates Monica Sarmiento from the Venezuelan Customs Authority, and María Paz Arroyave. Recent mandates include the constitution of two Free Trade Zones and the relocation of one of them. The team also assisted Altra Investments and Mercantil Colpatria on the customs issues related to an investment made in Panama-based Reve Group to inject capital into the group’s subsidiaries Mercadería and Bakery Business International.

[back to top]

Labour and employment
Labour and employment - ranked: tier 6


Garrigues established its labour department in 2016 with compliance and litigation as its core focus areas. The practice, which delivers a ‘good service’ in terms of ‘time-response and knowledge’, is led by senior associate Carlos Silva and is assisting an international construction company with post-project layoffs. Ignacio Londoño is also noted. Toxement, Rizzani de Eccher Spa and Oficina de Cooperación Universitaria Colombia are all active clients.

[back to top]

Projects - ranked: tier 3


Widely recommended, Garrigues’s team is praised as having ‘availability and the capacity of understanding the project’s concerns’ as well as ‘always providing clear advice and effective solutions’. Omar Martinez, has ‘extensive knowledge’ in the infrastructure sector, as does recommended principal associate Francisco Noguera, who are the key names for project finance along with Ignacio Londoño. The department, which was strengthened with the arrivals of Andrés Ordoñez as counsel, and Natalia Auli as senior associate, is currently advising Financiera de Desarrollo Nacional and Empresa Metro de Bogotá on structuring the financing of the first line of Bogota’s planned metro. Other highlights for 2017 included on-going advice to China Harbour Company regarding the development of the Autopista al Mar 2, a $517m 4G project. Clients include Fondo de Deuda Senior para Infraestructura en Colombia CAF-AM Ashmore, Banco Davivienda, BlackRock and Financiera de Desarrollo Nacional.

[back to top]

Tax - ranked: tier 3


Clients value the international aspect of Garrigues’ operation, noting that the firm offers a ‘full package’ that ‘makes easier all the process of designing and defining tax strategies for different jurisdictions’. Fernando Zarama co-leads the practice with Camilo Zarama, who has ‘a great experience in transnational tax matters’ and is ‘very accurate, patient’ and ‘a very good strategist’ who is ‘always available’. The team is representing state entity Fondo Financiero de Proyectos de Desarrollo (FONADE), in a $36m lawsuit against the Colombian Tax Administration (DIAN) regarding a dispute over the Fund’s income tax return. Handling both advisory and litigious matters, counsel César Cermeño is also noted. Clients includes AXA Seguros, Prosegur, Avianca and British American Tobacco.

Leading individuals

Fernando Zarama - Garrigues

[back to top]

Colombia: Dispute resolution

Dispute resolution: Arbitration - ranked: tier 5


Garrigues is representing Frontera, Colombia’s largest private oil and gas company, in a construction arbitration dispute valued at $5m brought by a former contractor. José Miguel De La Calle and Alberto Acevedo lead the practice, which obtained a favourable resolution for Tradeco in a $100m domestic construction arbitration; and also achieved a win in ICC arbitration on behalf of a vehicle manufacturer in an alleged unlawful termination of a concession agreement.

[back to top]

Dispute resolution: Litigation - ranked: tier 2


Garrigues’ eight-strong practice has niche specializations in unlawful competition disputes and bankruptcy proceedings. The team co-led by José Miguel De La Calle and Alberto Acevedo represented Prosegur in an unlawful competition claim filed by its main competitor in Colombia alleging violations of the private security regime. The firm also acts in real estate litigation and was retained by Old Mutual, which has several disputes with tenants. Other clients include Emgesa, Colombian subsidiary of Enel, Linde Colombia and Alcatel Lucent Submarine Networks.

[back to top]

Further information on Garrigues

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


Offices in Brussels


Offices in Shanghai and Beijing


Offices in Santiago


Offices in Bogota


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


Offices in London


Offices in Casablanca and Tangier


Offices in Mexico City


Offices in Lima


Offices in Warsaw


Offices in Lisbon and Oporto

Legal Developments by:


    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

Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Sulphur Cap Ahead - Regulatory

    Sulphur Cap Ahead - Regulatory
  • GTDT Shipping - India

    Mr Shardul Thacker heads the shipping, oil and gas and banking practice group at Mulla & Mulla & Craigie Blunt & Caroe. Lloyd’s List ranked him third in their top 10 lawyers stating: “Highly regarded for his work in the liquefied natural gas sector, particularly for interesting and highly geared finance deals in relation to infrastructure projects, energy, ports and ships.” india_-_gtdt_shipping_

    The British Virgin Islands are rushing to pass by the end of December the new economic substance legislation to avoid the EU’s blacklist of tax haven jurisdictions.
  • Chambers Guides - Insurance 2018 - India

    India is a common-law jurisdiction. In general, Indian laws borrow heavily from, and are based on, English law. However, insurance law in India has certain unique features that deviate from English insurance law. The primary legislation of insurance law in India is the Insurance Act, 1938 (the “Insurance Act”) and the Insurance Rules, 1939 (the “Insurance Rules”).
  • AVELLUM advised largest Ukrainian brick manufacturer on restructuring and refinancing of its debt

    AVELLUM acted as the Ukrainian legal counsel to Private Joint Stock Company with Foreign Investments “Slobozhanska Budivelna Keramika” (“SBK ”) in connection with the restructuring and refinancing of SBK’s debt, valued at approximately EUR20 million. Atlas Advisors, an independent investment banking firm, acted as the exclusive financial advisor to the SBK’s shareholders in connection with the restructuring of the credit portfolio, attraction of financing for the debt’s refinancing, and buy-out of SBK’s shares.
  • AVELLUM advises on Ukraine’s USD2 billion Eurobond issue

    AVELLUM acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine on the USD2 billion sovereign Eurobond issue consisting of two tranches with 5.5 and 10-year tenor. J.P. Morgan Securities, Goldman Sachs, BNP Paribas, and Citigroup acted as joint lead managers on the transaction.
  • New Anti-Money Laundering Law

    The new anti-money laundering ( AML ) law of the UAE took effect at the end of October 2018. Containing features recommended by the Financial Action Task Force ( FATF ), the new law introduces subtle but important changes to the AML landscape in the UAE. 
  • Confidentiality Under Renewed Focus

    The UAE federal government has recently issued a raft of important legislation, addressing and in many ways updating areas of law that are key to businesses in the jurisdiction. Amongst this legislation is Federal Decree-Law 14 of 2018 concerning the central bank and the organisation of financial institutions and activities (the New Banking Law ) and Federal Decree-Law 20 of 2018 concerning anti-money laundering and anti-terrorism financing (the New AML Law ). Both the New Banking Law and the New AML Law repeal and replace the previous legislation on their respective subjects. Importantly, the New Banking Law and the New AML Law have together enhanced the protection afforded to confidential information under UAE law, in particular where financial and legal service providers and their customers and clients are concerned. 
  • Israel Chapter in The Virtual Currency Regulation Review

    Earlier this year, the Israel Tax Authority (ITA) issued two circulars, one on the taxation of digital tokens and the second addressing the taxation of utility tokens in initial coin offerings (ICOs). Additionally, in March, the Israel Securities Authority (ISA) released a detailed interim report by the Committee for the Regulation of Public Offerings of Decentralized Cryptocurrency Coins (Report) (with a follow-up report due to come out around October 2018). Moreover, it is expected that before the end of 2018, legislation will come into force that for the first time will see Israeli primary legislation define virtual currencies as financial assets and mandate licensing for related services, as is later discussed in detail.
  • GRP Rainer Rechtsanwälte – Report on authorized dealer’s entitlement to compensation

    Under certain circumstances, an authorized dealer may be entitled to claim compensation after termination of the contract with the company if the latter continues to be able to use its business contacts.