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Consortium Legal

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Alvaro Castellanos

Work +502 2279-3939
Consortium Legal

Work Department

Dispute Resolution/Corporate/Banking & Finance




Alvaro is a founding member of Consortium Legal – Guatemala. With extensive experience in Arbitration, Foreign Investment, Electricity, Mergers and Acquisitions and Banking Legislation. During his career he has served as Chairman of the Board of Directors of the Conflict Resolution Commission of the Chamber of Industry of Guatemala; I participated as Judge ad hoc case Tiu Tojín vs. State of Guatemala of the Inter-American Court of Human Rights; is a Member of Guatemala before the International Court of Arbitration of the International Chamber of Commerce -ICC-; Member of the Group of 100 Jurists of the Center for Innovation, Development and Legal Research for Latin America. Garrigues – Tec de Monterrey; Member of the Editorial Board of IURISTEC (Compilation of Publications of Judicial Judgments commented); and as Dean of the Faculty of Legal and Social Sciences of the Rafael Landívar University. Mr. Castellanos recently participated in the acquisition by Promerica Financial Corporation of Banco Citibank of Guatemala, S.A., Cititarjetas, Limitada and other related companies; In an operation that will reach US $ 1,474 million in assets and close to 100 bank branches.


Spanish, English


College of Lawyers and Notaries of Guatemala.

American Chamber of Commerce in Guatemala. (AMCHAM)

International Court of Arbitration of the International Chamber of Commerce based in Paris. (ICC)

International Bar Association (IBA)

Latin American Arbitration Association (ALARB)


  • San Carlos University of Guatemala, Candidate for Doctorate in Law.
  • Master of Laws (LL.M.) with a specialization in Comparative and International Law. (Fulbright-Laspau Scholar), Law School, Columbia University; New York, (1990).
  • Lawyer and Notary, Faculty of Legal and Social Sciences, Rafael Landivar University; Guatemala, (1986).


Banking and finance

Within: Leading lawyers

Álvaro Castellanos - Consortium Legal

Within: Banking and finance

The banking and finance practice at Consortium Legal is co-led by Álvaro Castellanos and senior associate Diego Alejos (‘an excellent professional who resolves the matters in front of him efficiently’). In a recent highlight, the team advised Citigroup Global Markets, as sole lead manager and book-runner, on the Republic of Guatemala’s $500m sovereign debt issuance on the Luxembourg Stock Exchange – the second transaction of its kind that the firm has been involved in; and Banco de América Central (BAC) on obtaining a $50m loan from a multi-jurisdictional syndicate of banks led by Banco Latinoamericano de Comercio Exterior (Bladex). Other work saw the team advise key client Citibank on the acquisition of IT services companies in Central America as well as assisting the bank’s Guatemalan branch with the granting of a $3.6m loan to Pegamorteros de Guatemala. The team is also handling an increasing volume of fintech work. Clients include Bank of America Merrill Lynch, Deutsche Bank, JPMorgan Chase and Inter-American Development Bank (IDB).

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Within: Corporate/M&A

Founding partners Alfredo Rodríguez (who is ‘very accessible and always in touch with the client’) and Álvaro Castellanos lead Consortium Legal’s corporate practice alongside Rafael Alvarado Riedel. The team continues to assist American International Group (AIG) with the post-closing process following its sale of AIG Seguros operations in Guatemala, El Salvador and Honduras; and in another highlight, is also handling a post-due diligence process for Sumitomo following its acquisition of fruit distributor Fyffes’ worldwide subsidiaries, including farming operations in Guatemala. Servicios de Altura, which the team advised on a capital increase and the creation of new classes of shares worth approximately $13m, and Evertec are also key clients.

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