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Arias

PISTA JEAN PAUL GENIE, EDIFICIO ESCALA, PISO 3, MANAGUA, NICARAGUA
Tel:
Work +505 2298 1360
Fax:
Fax +505 2298 1361
Email:
Web:
www.ariaslaw.com

Nicaragua

Corporate and finance
Corporate and finance - ranked: tier 1

Arias

Arias’ ‘excellent’ corporate and finance department has strength across an array of work including multi-jurisdictional M&A, project finance, and reorganisations and restructurings, as well as excelling in loan agreement and credit facility matters. The four-partner team of ‘credible experts’ is praised for its ‘personalised attention’, ‘quick reaction’ and ‘experience in a range of key areas’, including the agricultural, pharmaceutical and financial sectors. The practice handles an impressive caseload that recently included advising Nederlandse Financierings-Maatschappij voor Ontwikkelinglanden (FMO) on the granting of a $10m credit facility to Comercial Internacional Exportadora; and assisting the New York branch of Rabobank with a credit facility to Sucden Americas for a sugar pre-export financing and other matters; the highly regarded Bertha Argüello led the advice on both cases. On the transactional side, ‘dedicated’ and ‘meticulousAna Teresa Rizo is representing Bayer before the Nicaraguan competition authority in an authorization process related to its planned acquisition of Monsanto. Other practitioners to note are: corporate and commercial expert Roger Pérez, who is also experienced in tax as well as fiscal planning; and associate Rodrigo Ibarra, who specialises in telecommunications, energy, and banking and finance.

Leading lawyers

Ana Teresa Rizo - Arias

Next generation lawyers

Rodrigo Ibarra - Arias

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Intellectual property
Intellectual property - ranked: tier 2

Arias

The ‘reliable’ three-strong team at Arias is highly rated by clients for its ‘excellent service and advice’. Registrations of national and international trade marks, sanitary registrations as well as IP rights’ prosecution and litigation are mainstays of the practice. In a recent highlight, Ana Teresa Rizo and highly-regarded practice head María de Los Angeles Marín represented Inditex in a trade mark opposition case against Mendez de Nicaragua regarding the use of the trade mark ZARA. Yves Saint Laurent Parfums and BioMérieux joined long-term clients Procter & Gamble, Walmart and Herbalife on the client list.

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Legal market overview

The consequences of this recent socio-political volatility will of course impact upon business activity (and particularly foreign direct investment) but has not, as yet, filtered through to the legal services arena. The market is highly competitive with a strong presence on the part of regional players, such as Arias, Consortium Legal and García & Bodán, along with Aguilar Castillo Love, BLP and Central Law Nicaragua, as well as key local player (and Lex Mundi alliance-member), Alvarado y Asociados. The country’s IP market, an area where boutiques often shine, includes a number of highly specialised firms like Guy José Bendaña-Guerrero & Asociados, Bendaña & Bendaña and Estudio Caldera, S.A..

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Real estate
Real estate - ranked: tier 1

Arias

Arias’ two-partner real estate practice is lauded for its ‘excellent service’ and ‘quick responses’. The team’s work includes transactional as well as construction-related mandates and the practice has a strong record in condominium and tourism projects. Tax structuring advice related to the real estate sphere is another key strength. Practice head Róger Pérez, who stands out for his ‘experience, quality of advice and knowledge of law’, assisted a private individual with the development of the $2m Villa Reina Residential project, consisting on 122 residential lots located in the city of Rivas; work included structuring the condominium regime and all permitting and licensing, as well as handling the sale of each lot. Other highlights include advising Plaza Centroamérica on lease, purchase and sale agreements for commercial units in its $12m building in Managua (the practice having handled the financing and construction matters in previous years); counselling McDonald’s on lease agreements for new restaurants in Managua and Chinandega; and representing the Embassy of the United States in the acquisition of a residential building. Gustavo-Adolfo Vargas has a strong focus on solar energy projects.

Leading lawyers

Róger Pérez - Arias

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Legal Developments in Nicaragua

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
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