Firms To Watch: Corporate and M&A

Established in 2012, boutique business firm Bensons Clark Abogados has worked to increase its representation of multinational clients of late, especially in the technology, life sciences and energy and natural resources sectors. Managing partner Camilo López Acosta steers the team.

Corporate and M&A in Colombia

Baker McKenzie S.A.S.

Truly legal advisers of the highest quality‘, Baker McKenzie S.A.S. attracts strong reviews due to its ‘agility and dynamism‘ and its ‘focus on creating long-term relationships‘. Widely recognised for the strength of its global connections with multinational clients, the firm also enjoys close links with major Colombian corporations and institutional investors. In a highlight example of its national profile, the firm was selected to advise Ecopetrol, the largest oil company in Colombia, on its $3.6bn acquisition of a majority stake in Interconexión Eléctrica (ISA) from the Colombian Ministry of Finance. Corporate and M&A head Andrés Crump, noted for his ‘creative solutions to complex problems‘, led the Ecopetrol transaction and has established himself as one of the country’s most experienced up-and-coming partners. Dual-qualified (Colombia/UK) Clare Montgomery spearheads the companies, restructuring and investment practice group and is recognised for her cross-border transactional expertise; she recently acted for McAfee Corp on the Colombian aspects of the carve-out and sale of its Enterprise business segment to a consortium of buyers led by Symphony Technology Group. In 2021, senior transactional specialist Jaime Trujillo returned to the practice following four years on the firm’s Global Executive Committee; he recently advised Isagen on the acquisition of seven hydroelectric powerplants in Antioquia from the Latin American Renewable Energy Investment Fund. The department also benefits from an impressive group of senior associates including Natalia Ponce de León, who has an emphasis on M&A and private equity, M&A-focused  Alexandra Montealegre and Adriana Combatt, who has a more general corporate and commercial practice. Associates Karen Santamaría, Juliana Tobón and Juliana Gómez are also recommended.

Practice head(s):

Andrés Crump; Clare Montgomery


‘What makes Baker McKenzie’s practice unique is the agility and dynamism of its people; they respond very quickly to customer needs and the quality of work is really good.’

‘Compared to other firms, customer service is particularly good. The team focuses on creating long-term relationships and not maximising its profits on each project. It also has interesting technology tools to track projects.’

‘Lawyers at Baker stand out for their closeness and availability. Compared to other offices, they transmit confidence and a willingness to be available in case of any concern. They are truly legal advisers of the highest quality.’

‘An excellent team of professionals. The team maintains a close relationship with the client, providing permanent and timely support. Lawyers complement their legal advice with a clear vision from the business point of view.’

‘Andrés Crump is very experienced, hands-on and available. During Covid-19 restrictions and travel bans we were able to manage an entire 12-jurisdiction deal virtually. Andrés is good at signalling the problems but also offers practical solutions. That’s what you want from an advisor!’

‘The entire Baker team, including associates Natalia Ponce de Leon and Juliana Gómez, did an outstanding job, we were happy to have them on our side.’

‘We value the face-to-face interaction provided by this team. The designated lawyer attends to you and is actively involved in the case. I highlight the professionalism of Clare Montgomery.’

‘Andrés Crump: has strong legal knowledge, supplemented by a practical and clear vision from the business point of view. He always has good creative solutions to complex problems. Very good counsellor, who remains close to the client.’

Key clients



Colombian Infrastructure Equity Fund (CIEF)

Akzo Nobel

Avícola Colombiana (Avicol)



Grupo GRIO (Grupo Romero) – Inversiones Piruana

Empresas Públicas de Medellin

Infraestructura Asset Management Colombia (INFRAMCO)

Work highlights

  • Advised Ecopetrol on the $3.6bn acquisition of a majority stake in Interconexión Eléctrica (ISA) from the Colombian Ministry of Finance.
  • Advised Isagen on the acquisition of seven hydroelectric power plants in Antioquia from the Latin American Renewable Energy Investment Fund (LAREIF), by means of several individual asset purchase agreements.
  • Acted for Sika on the local aspects of its €5.2bn acquisition of the MBCC Group from LSF11 Skyscraper Midco 2, an affiliate of Lone Star Funds.

Brigard Urrutia

According to satisfied clients, Brigard Urrutia is distinguished by ‘its quality of work, efficiency and agility‘. A transactional powerhouse, the firm leverages its full-service model to pack a punch in advising major national and multinational companies on the full spread of corporate and M&A matters — across all business sectors. The group demonstrates adroit handling of headline-grabbing deals for both sellers and acquirers, and it is also well-equipped to advise on compliance and non-transactional matters. High-profile M&A co-head Sergio Michelsen Jaramillo is an instantly recognisable name for corporate deals and brings to bear over three decades of experience on sophisticated transactions. Michelsen recently teamed up with dual-qualified (Colombia/New York) corporate heavyweight Jaime Robledo and up-and-coming specialist Tomás Holguín to advise former shareholders of Productos Familia (including Valores Industriales, Reforestadora y Manufacturera los Retiros and members of the Gómez family) on one of the year’s marquee deals: Essity’s $1.5bn acquisition of approximately 44% of Productos Familia through a tender offer. In another cross-border highlight, Darío Laguado Giraldo teamed up with corporate finance expert Carlos Fradique-Méndez to act as local counsel to Alpha Capital CFG on its acquisition, out of bankruptcy, of the payroll loan portfolio of Alpha Latam Management and its subsidiaries in Colombia. Other key partners include Álvaro Cala, who specialises in the aviation and real estate sectors, Fernando Alfredo Castillo, who has a good record in cross-border work, as well as managing partner Carlos Umaña and senior partner Carlos Urrutia. The department also benefits from a deep bench of associates, including dual-qualified Paola Ordoñez (M&A), Laura Ricardo Ayerbe (M&A, corporate and commercial) and Barranquilla-based Andrea Camila Cruz (M&A, corporate and commercial). Two changes in September 2021 saw Ángela García Páez promoted to director within the corporate and M&A team, while former senior associate Daniel Moncaleano left to join Willkie Farr & Gallagher LLP in the US.

Practice head(s):

Sergio Michelsen; Darío Laguado; Jaime Robledo; Fernando Castillo; Tomás Holguín


‘The firm is distinguished by its quality of work, efficiency and agility. We worked with Darío Laguado, Fernando Alfredo Castillo and associate Andrea Camila Cruz.’

Key clients

Grupo Casino – Casino Guichard Perrachon

Colombia Telecomunicaciones

Softbank Group Corp and Softbank Vision Fund

Tribeca Asset Management


Interconexión Electrica

MLO – Productos Naturales de la Sabana (Alquería)

Grupo Nutresa


Droguerías y Farmacias Cruz Verde

United Health Group


Innova Capital Management

Trilliant Networks


Advent International

Suncanna International

Financiera de Desarrollo Nacional

Andean Cacao

Johnson Controls

Work highlights

  • Advised former shareholders of Productos Familia (including Valores Industriales, Reforestadora y Manufacturera los Retiros and members of the Gómez family) on Essity’s $1.5bn acquisition of approximately 44% of Productos Familia through a tender offer.
  • Advised Marco Antonio Avella Palacio, as the seller, on the acquisition of the Vitalis Group by ACON Investments and its affiliates.
  • Acted as local counsel to Alpha Capital CFG on its acquisition, via a successful bid process under article 363 of the US Bankruptcy Court, of the payroll loan portfolio of Alpha Latam Management and its subsidiaries in Colombia.

DLA Piper Martinez Beltrán

Focused on achieving the client’s objectives‘, DLA Piper Martinez Beltrán is commended for its team of collaborative and business-oriented lawyers, who ‘become part of the client’s internal processes‘. The group’s ability to plug into the wider firm’s international network combines with its senior partners’ robust domestic experience to mark this team as a leading contender for multi-jurisdictional mandates. The practice can turn its hand to transactions in any market segment but is particularly recognised for its experience in the private equity, financial services, healthcare, energy and infrastructure spheres. Among the names to note, private equity specialist Felipe Quintero is widely considered a market leader; he recently led the corporate aspects of the firm’s advice to Macquarie Infrastructure and Real Assets and Macquarie Infrastructure Partners V in the acquisition of 50% of Odinsa’s road concession business in Colombia. Juan Manuel de la Rosa is also highly regarded for private equity transactions and acted in conjunction with María Claudia Martínez to advise TM – Grupo Transmerquim (a portfolio company of Advent International), on Advent’s acquisition of Caldic from Goldman Sachs Asset Management. Quintero and de la Rosa co-lead the department together with managing partner Camilo Martínez and corporate and litigation partner José Miguel MendozaNicolás Polanía is also recommended for his focus on contentious and transactional corporate matters, including insolvency. Additionally, the group can call upon a sizeable second line of younger lawyers, including director Felipe Aristizabal, who is establishing a strong record in private equity-related deals. Other recommended names include director Juan Camilo Varón (commercial, corporate and energy) as well as associates Juan Carlos Gambín (M&A, regulatory, foreign investment), Daniela Duarte (M&A, corporate, finance), and Natalia Bernal (corporate, M&A, foreign investment). Senior associate María Alejandra Cabrera joined from Holland & Knight in August 2021. Since publication, Aristizabal has been raised to the partnership - effective as of January 2023.

Practice head(s):

Camilo Martínez; Felipe Quintero; Juan Manuel de la Rosa; José Miguel Mendoza


‘DLA Piper is focused on achieving the client’s objectives. Lawyers display extensive knowledge in this area of practice, along with great negotiating skills. Excellent response times and customer service.’

‘The team possesses comprehensive legal knowledge, while customer service and response times are also excellent. Compared to other law offices, the service vs. price ratio is superior.’

‘DLA has some partners who become part of the client’s internal processes, they feel like part of our corporate team. They are characterised as possessing great legal rigour, but without losing the business focus required.’

‘We value the team’s experience, knowledge and attention.’

‘We work with José Miguel Mendoza, who is a great corporate lawyer and who, in turn, handles other areas and matters in an integral manner, with a great disposition to always be attentive and willing to attend to our queries and matters.’

‘Juan Manuel de la Rosa has extensive experience and knowledge, which undoubtedly make him unique. He remains involved in all aspects of the transaction to achieve its successful closing. He also has excellent negotiation skills.’

Key clients


Patria Investments

Waterlogic Holdings

Transportes Vigía

Lenus Capital Partners

Macquarie Infrastructure and Real Assets

Macquarie Capital


John Laing

Grupo Bancolombia


Southern Cross

Fundación Mundo Mujer

EGE Haina

Linzor Capital Partners

Samercol Inversiones

Grupo Aval

Grupo Empresarial Autogas

IDC Ventures

Work highlights

  • Advised Macquarie Infrastructure and Real Assets and Macquarie Infrastructure Partners V on the acquisition of 50% of Odinsa’s road concession business in Colombia.
  • Advised GTM – Grupo Transmerquim (GTM), a portfolio company of Advent International (Advent), on Advent’s acquisition of Caldic from Goldman Sachs Asset Management; following the acquisition, Caldic will merge into GTM.
  • Acted for Haina Investment Company on the financed acquisition of Termoyopal Generación, Central Termoeléctrica El Morro and Termoyopal Gas.

Gómez-Pinzón Abogados (GPA)

‘A force in the market since its foundation‘, Gómez-Pinzón Abogados (GPA)‘s corporate and M&A team stands out for its ‘prompt, practical and accurate‘ advice. A strong performer in infrastructure deals of late, the group also shines in transactions in the energy, technology and aviation sectors, among others. Lina Uribe García spearheads the practice and enjoys strong relationships with private equity clients, evidenced by a clutch of recent mandates in this field. Most notably, Uribe advised Acon Latam Management on its acquisitions of Glassfarma Tech, Avefarma and Panamerican Pharmaceutical Holdings (holding companies of Grupo Ave); she also paired up with talented up-and-coming star Natalia García Arenas to advise KKR on its $500m acquisition of Telefónica Colombia’s fibre optic assets. The team also benefits from seasoned specialist Patricia Arrázola, who possesses over three decades of transactional experience, with impressive records in the energy and natural resources spheres. Arrázola acted alongside Juan David Quintero to advise EnfraGen — jointly owned by Glenfarne Group and Partners Group — on the acquisition of natural gas-fired plant, Termovalle. Other recommended names are: dual-qualified (Colombia/New York) Ana Cristina Jaramillo , who joined in November 2021 from Merqueo, where she was LatAm general counsel; Felipe Mariño, who is noted for his ‘experience, knowledge, and most importantly, emotional intelligence‘; and 30-year veteran counsel María Fernanda Restrepo. Additionally, director María Isabel Romero de la Torre and senior lawyer Daniel Fajardo joined in 2021 (April and October respectively) from Holland & Knight. Capable support is provided by senior associates Paola Valderrama (corporate and M&A), who joined in October 2021 from Garrigues, Emanuela Guevara (corporate and M&A) and Juan Pablo Caicedo (corporate, M&A, infrastructure). Talented senior associate Natalia Villamizar is currently an international visiting attorney at Skadden, Arps, Slate, Meagher & Flom LLP. Since publication, Mariño has left the firm – effective as of December 2022.

Practice head(s):

Lina Uribe García


GPA is one of the largest Colombian firms and it has been a force in the market since its foundation.’

The secret of its success is undoubtedly the brilliant human talent that joins its ranks, and the fact that M&A transactions receive the direct attention of its partners and senior lawyers, which, unfortunately, is not as common as one would like in the national market.

The advice we have received from GPA has been prompt, practical, and accurate.’

Partner Felipe Mariño demonstrates a mix of experience, knowledge, and most importantly, emotional intelligence. In addition, he has fun in transactions and is a trustworthy person.

Key clients

Kohlberg Kravis Roberts


Acon Latam Management


Partners Telecom Colombia

Macquarie Capital (USA)

Enfragen Energia Sur

Didi Mobility Information Technology

CTG Colombia Holdings



Suatrans Chile



Bell Flavors & Fragances Colombia

Prime Termoflores

Jetblue Airways Corporation (sucursal Colombia)

Glenfarne Asset Company

Stonepeak Partners

Encore Capital Group

Work highlights

  • Advised Kohlberg Kravis Roberts & Co (KKR) on the $500m acquisition of the fibre optic assets of Telefónica Colombia (Coltel) by a new entity incorporated in Colombia by KKR (Infraco), and the subsequent participation of KKR and Telefónica Colombia in another company (Infraco Holdco).
  • Acted for Ashmore Group on the negotiation of a share purchase agreement regarding the sale of 100% of its participation in toll road concession company, Concesión Santa Marta Paraguachón, to BlackRock.
  • Advised Ashmore Group on the sale of its participation in Termo Mechero Morro to the Colombian Infrastructure Equity Fund.

Philippi Prietocarrizosa Ferrero DU & Uría

The top-flight corporate practice at Philippi Prietocarrizosa Ferrero DU & Uría ‘stands as an example in Latin America’, according to some. The team’s ability to ‘adapt to the needs of the client‘ is a recurring theme among sources, with its lawyers’ commercial and legal knowledge combining to ensure that the firm ‘can do super structured transactions in record time‘. Managing partner Martín Acero is widely revered for his enviable track record in major local and cross-border transactions — and his ability to advise holistically on both corporate and tax-related matters. Acero recently led the firm’s advice to Intergrupo on the sale of its share in IG Services to SoftwareONE. Claudia Barrero, highlighted for her ‘intelligence, experience, knowledge, way of leading and communicating‘, is a transactional powerhouse, whose practice encompasses corporate, M&A, finance and capital markets. Barrero recently advised Century Energy Corporation and Latin American Renewable Energy Income Fund I on the sale of seven hydroelectric plants to Isagen. Elsewhere, Felipe Cuberos teamed up with the competition department to advise Puratos on its acquisitions of T-Vapan 500, Puratos Dominicana and Levapan’s distribution operation in Ecuador. The deep bench also fields real estate and corporate specialist Juan Carlos Rocha, corporate and capital markets partner Hernando Padilla and increasingly prominent up-and-coming specialist Nicolás Tirado, who is also the Colombian office’s member of the firm’s China desk initiative. Among the firm’s talented band of younger corporate lawyers are principal associates Luz María Mercado (corporate, M&A and capital markets), David Beltrán (corporate, M&A, governance, reorganisations) and Paula Buriticá (corporate, finance, capital markets). Additionally, Juan José Castaño, a ‘young lawyer with extensive knowledge‘, returned to the team in August 2021 after a stint at associate firm Uría Menéndez. Juan Guillermo Nur and Alejandro Medina are also active associates.

Practice head(s):

Martín Acero; Juan Carlos Rocha; Claudia Barrero; Felipe Cuberos; Hernando Padilla; Nicolás Tirado


The attention we received in our transaction was excellent: a very professional team, with excellent negotiation skills that allowed us to achieve all the objectives that we set for ourselves as sellers. The level of PPU’s lawyers was above expectations and far exceeded the counterparty’s lawyers.’

‘Billings are correct. Lawyers are very customer friendly, always listening and extremely strong from a technical point of view. For me, the firm stands as an example in Latin America.’

‘A multidisciplinary firm with a good geographical footprint. Professionals are top-level in technical and commercial aspects and adapt to the needs of the client.’

‘We value the team’s commitment, knowledge, understanding of our needs and its ability to anticipate and execute in each situation. Its way of teaming up with the client is special: all lawyers are at the forefront of the deal, executing and making things happen. It can do super structured transactions in record time.’

‘Claudia Barrero is exceptional. Her intelligence, experience, knowledge, way of leading and communicating, sagacity, simplicity and commitment make her unique.’

Felipe Cuberos, head of the department, is an excellent lawyer.’

Nicolás Tirado, who was in charge of the transaction, is a highly trained lawyer. He allowed us to negotiate the most critical points of the transaction in a very simple and educational way for both parties.

Associate Juan José Castaño is a young lawyer with extensive knowledge , very willing to serve us at all times. Thanks to his commitment to the transaction, we managed to finalise it quickly, exceeding all our expectations.

Key clients






Lactalis (formerly Parmalat)

Leonis & Cia




United Parcel Service

Latam Logistics

Bolsa de Valores de Colombia

Bridget Management International Corp

S4 Capital

Work highlights

  • Advised Intergrupo on the sale of its share in IG Services to SoftwareONE.
  • Advised Bolsa de Valores de Colombia, Bolsa de Comercio de Santiago and Bolsa de Valores de Lima on their business integration operation amid the envisioned consolidation of a single securities market for Colombia, Chile and Peru.
  • Acted for Puratos on its acquisition of manufacturing and distributing companies T-Vapan 500, Puratos Dominicana and Levapan’s distribution operation in Ecuador – notably, the firm led the multi-jurisdictional co-ordination of the deal.

Posse Herrera Ruiz

Posse Herrera Ruiz houses a full-service corporate and M&A practice, which routinely advises on a wide range of transactional, commercial and compliance matters. Widely recognised as a market leader in energy-related deals, where it frequently links up with its top-tier energy and natural resources department, it also has a particularly strong presence in the technology, infrastructure and real estate fields. Managing partner Jaime Herrera spearheads the M&A group and is sought after by both domestic and multinational clients; he recently paired up with Oscar Tutasaura to advise the Financiera de Desarrollo Nacional and the Colombian Ministry of Finance on the local aspects of the $3.6bn sale of its 51.4% stake in Interconexión Eléctrica to Ecopetrol. On the technology side, Jaime Cubillos advised Webhelp on the Colombian corporate aspects of its acquisition of Onelink Holdings. On the infrastructure front, talented M&A specialist Gabriel Sánchez teamed up with infrastructure and public law head José Alejandro Torres, as well as the finance and tax teams, to advise Odinsa on the creation of an investment platform for toll road assets in Colombia and the region. Among the group’s key associates, Catalina Noreña, Susana Gómez Ramírez, Christian Diaz Ordoñez and Camilo Loveras provide ongoing support in corporate and M&A transactions. Since publication, Gómez Ramírez has been raised to the partnership - effective as of January 2023.

Practice head(s):

Jaime Herrera

Key clients

Financiera de Desarrollo Nacional

Colombian Ministry of Finance

Grupo Energía de Bogotá

Union Acquisition Corp II

Parque Arauco




Prosus (MIH Edtech Investments)

Clear Ocean

Christofferson, Robb & Company

John Laing, Construcciones el Cóndor, Concesión la Pintada

Banco Davivienda

Grupo Orbis

IHS Towers

Indra Soluciones Tecnologías de la Información

Shareholders of Seven4N


HDI Seguros


Work highlights

  • Acted as Colombian legal counsel to the Financiera de Desarrollo Nacional and the Colombian Ministry of Finance in the $3.6bn sale of its 51.4% stake in Interconexión Eléctrica to Ecopetrol.
  • Acted as Colombian legal counsel to SNC-Lavalin in the sale of, among others, its Colombian and Peruvian operations.
  • Advised Grupo de Energía de Bogotá on the local aspects of the due diligence and merger process of (i) Emgesa, (ii) Codensa, (iii) EGP Colombia and (iv) ESSA 2 — creating Enel Colombia as a result of the merger.

Dentons Cardenas & Cardenas

Comprised of ethical and pragmatic problem-solvers‘, Dentons Cardenas & Cardenas‘s team strikes the right note with its lawyers’ ability to create a ‘friendly and trusting environment‘. A strong performer in multi-jurisdictional deals, where it can lean on the wider firm’s extensive global network for support, the group also handles a steady stream of sizeable domestic transactions. Moreover, despite the pandemic, the firm opened an office in Medellin in October 2020, giving it an on-the-ground presence in the country's second city and entrepreneurial heartand. The team is also distinguished by its increasing presence in the energy and healthcare spheres. Senior name Eduardo Cárdenas jointly heads the group alongside Mauricio Borrero — together, they acted as Colombian counsel to Ron La Hechicera, a distillery and producer of premium rum in Colombia, on the acquisition of majority shareholding in the company by Pernod Ricard. Other recommended partners include Bernardo Cárdenas, who handles M&A and finance matters (and is also the key contact for Medellin), and transactional energy specialists Jorge Neher and Santiago González. At associate level, senior associate Santiago Miramón secures strong reviews from clients for providing ‘excellent transactional advice‘. Other key associates for the corporate team are senior lawyer Felipe Molano, who is experienced in domestic and cross-border matters, and  María Paula Álvarez, who sits in the corporate and real estate groups. Partner Alejandra Bonilla left to re-join her previous company, Frontera Energy, in March 2021.

Practice head(s):

Eduardo Cárdenas; Mauricio Borrero


An excellent practice. Lawyers are very detail-oriented, which is a very important trait for M&A transactions.’

The team is comprised of ethical and pragmatic problem-solvers. The firm demonstrates the highest ethical standards in business deals.’

A very friendly and trusting environment was created with the work team. Associate Santiago Miramón was the legal point of reference during and after the transaction with very positive results.

The firm provided excellent transactional advice. It helped us manage a complex process, with a series of contracts, for more than a year. Santiago Miramón (associate) distinguished himself though his work.’

Key clients

Deva Capital Management

Fondo de Inversión Colectiva Inmobiliario de Renta Davivienda Corredores

Lucens Capital

New Stratus Energy

Ron La Hechicera

Puertos Inversiones y Obras


PCR Investments

Black Orchid


Work highlights

  • Advised Deva Capital Management on a joint venture with Refinancia to develop an investment structure to effect the proposed acquisition of two subsidiaries of Encore Capital Group in Colombia and Peru that own non-performing loan portfolios.
  • Advised the real estate investment fund of Corredores Davivienda (Fondo de Inversión Colectiva Inmobiliario de Renta Davivienda Corredores) on the acquisition of two last-mile warehouses.
  • Advised Argentina-headquartered Lucens Capital Partners on the acquisition of Colombia’s Summum Energy.


Professional, committed and agile‘, Garrigues‘ Colombia practice secured an strong volume of work in 2021/22, with an emphasis on deals in the energy, infrastructure and communications sectors. Lawyers are commended as ‘reliable and diligent‘, with department co-head Andrés Ordóñez  singled out for his ‘strong leadership‘. Among Ordóñez’s recent deals, he advised DirecTV in Colombia on the sale of its fixed wireless access internet business line to Colombia Telecomunicaciones and also acted for I Squared Capital on the acquisition of a controlling interest in the Port of Barranquilla Group. Ignacio Londoño  co-heads the practice and advised Enel Group on an agreement with Grupo Energía Bogotá related to both companies’ participation in the joint ventures Emgesa and Codensa, two major players in Colombia’s power sector. The team also calls on several capable supporting lawyers. In particular, senior associate Cristina Copete  acted on an impressive volume of the group’s corporate highlights over the past year, including the DirectTV deal. The firm also welcomed new associate Mateo Gómez Mazuera  in August 2021, who joined from Serrano Martínez. Senior associate Paola Valderrama left the firm in September 2021.

Practice head(s):

Ignacio Londoño; Andrés Ordóñez


‘The team stands out for its ability to follow-up on the mandates undertaken and the support it provides to the client.’

‘A great M&A team.’

‘The corporate group is always very prepared and very knowledgeable in regards to the subject.’

‘The team is comprised of reliable and diligent attorneys. There is much professionalism on display. We consider the firm to be top tier.’

‘It is a professional, committed and agile team. The strong leadership of partner Andrés Ordóñez makes the team especially dependable.’

‘Ignacio Londoño is a dedicated partner.’

Key clients

Ufinet Latam

Vulcan Capital & Freedom Financial Network

Inchcape Group

DirecTV Colombia

I Squared Capital



CCLA Group

Pátria Infraestrutura IV FIPz

Grupo Romero

Grupo QuironSalud (Spain)

Vidros Colombia


Andean Tower Partners (ATP)



Work highlights

  • Advised DirecTV in Colombia on the sale of its fixed wireless access internet business line to Colombia Telecomunicaciones (ColTel).
  • Acted for I Squared Capital on the acquisition of a controlling interest in the Port of Barranquilla Group, including three companies holding port concessions and two maritime operation services companies.
  • Advised Enel Group on the negotiation and execution of an agreement with Grupo Energía Bogotá related to both companies’ participation in the joint ventures Emgesa and Codensa.

Lloreda Camacho & Co.

Despite its one-site business model, Bogotá-based Lloreda Camacho & Co. has secured central roles on a string of major multinational transactions of late. Most notably, it advised Grupo Almo on the sale of its security transport business in Central America to Spanish conglomerate Prosegur, where it led work in six jurisdictions (Guatemala, Nicaragua, Honduras, Panamá, Costa Rica and El Salvador). High-profile department co-lead Santiago Gutiérrez, who brings to bear deep expertise in the corporate, finance, capital markets and real estate areas, led the Almo deal. The group also benefits from the senior experience of Andrés Hidalgo, who co-leads the M&A practice and also spearheads the public procurement and infrastructure groups. Hidalgo recently acted in conjunction with the mining and natural resources team to advise Anglo American, alongside Shearman & Sterling in the UK, on the $294m sale of its 33.3% interest in the Cerrejón joint venture to Glencore. Senior associate Nadia Sánchez is also a key contact for the corporate team. However, the firm recently saw two significant departures at senior associate level: María Paula Macías left in October 2021, while Raúl Vargas departed in January 2022.

Practice head(s):

Santiago Gutiérrez; Andrés Hidalgo

Key clients


Advanced Sterilization Products

Speedcast International


Stratum Reservoir (UK) International Holdings

Grupo Almo

América Móvil (Claro)

Merck Sharp & Dohme

Spirit Airlines

Boehringer Ingelheim

Compañía Nacional de Levaduras, Levapan

Johnson & Johnson

Interpublic Group of Companies

Work highlights

  • Advised Grupo Almo on the transfer of the final portion of shares to Prosegur as part of the former’s ongoing sale of its security transportation business in Central America to the latter.
  • Advised Levapan on the sale of its yeast business in five different jurisdictions to France-based Lesaffre, which included a corporate reorganisation and transfer of shares to a Spanish holding entity.
  • Local counsel to Anglo American (alongside Shearman & Sterling in the UK), on the $294m sale of its 33.3% interest in the Cerrejón joint venture to Glencore.

CMS Rodríguez-Azuero

A highly reliable provider of legal advice‘, CMS Rodríguez-Azuero impresses with its ability to ‘pay close and detailed attention to each query or requirement‘. The firm routinely works alongside lawyers from across its global network to excel in advising on the local leg of large regional and multi-jurisdictional matters. Additionally, its longstanding position in the Colombian market ensures it retains close links with major domestic corporations. Managing partner and practice head Juan Camilo Rodríguez continues to notch up involvement in both domestic and cross-border mandates; he recently advised Colombian fintech Bold on a recent $55m funding round led by Tiger Global Management. Energy-focused counsel Leopoldo Olavarría  is another senior name; he joined in October 2021 and was formerly a partner at Norton Rose (Venezuela). Senior associate Camilo Caicedo was recently promoted to associate practice director to replace the outgoing Amanda Arcaya, who left in April 2022. Senior associate María Garrido and junior associate Lina Barreto are also noted for corporate and commercial matters. Since publication, Caicedo has left the firm (as of February 2023) and been replaced as corporate associate practice head by Felipe Molano, who arrived from Dentons Cardenas & Cardenas the same month.

Practice head(s):

Juan Camilo Rodríguez


‘CMS Rodríguez-Azuero has supported us in various commercial law matters, as well as in complex transactions, consolidating its status as a highly reliable provider of legal advice.’

‘We value the firm’s responsiveness’.

‘CMS is a firm that has experienced significant growth in recent years without losing the ability to focus on the needs of the client, or the ability to pay close and detailed attention to each query or requirement.’

‘As a novelty, CMS proposed — as an added value — the training of internal teams in aspects that they have proactively identified in order to mitigate risks, which is an action that I have not found elsewhere in the market and demonstrates excellent engagement with the client.’

‘Lawyers always demonstrate availability and responsiveness.’

‘Associate Lina Barreto stands out for her strong knowledge of commercial law and for providing concepts in record time, while also analysing matters in depth and providing practical solutions. Lina impresses with her willingness, knowledge, and ability to handle critical issues. A talent with a bright future.’

Key clients


Grupo Empresarial Oleoflores

Shareholders of Círculo de Viajes Universal

Arthur J Gallagher

Elanco Animal Health

Alianza Team (Team Foods Colombia & Grasas)

Worcester Energy

Work highlights

  • Advised SK Capital and the Heubach Group, together with other CMS offices globally, on their $927.7m cross-border acquisition of a Swiss holding company property of Clariant, Colorants International and 36 of its subsidiaries.
  • Acted for Colombian fintech Bold on several matters in connection with its strategic growth plans, including structuring several key investment rounds, such as the recent $55m funding round led by Tiger Global Management.
  • Advised IMCD Colombia on the acquisition of 80.1% of the shares of Colombia’s Siliconas y Químicos.


Since its Colombia launch in January 2021 Cuatrecasas‘ Bogota office has hit the ground running. The firm continues to invest in the practice and among its recent hires it welcomed highly rated senior associate Carolina Trejos Robledo, who arrived in May 2021 from Lewin & Wills, Abogados (where she was partner) and senior associate Juan Fernando Puerta, who joined in October 2021 from Brigard Urrutia. Key partner Juan Felipe Vera spearheads a growing group that is noted for its ‘great ability to understand business and actively contribute to its structure‘; he notably led the firm’s advice to Essity on its takeover bid to acquire a 94% shareholding of Productos Familia. Other recommended names include senior associate Fabio Ardila, who is particularly noted for transactional energy matters, as well as associates Pablo Martínez and Andrés Felipe Saldarriaga. Since publication, the practice group has been further strengthened with the hire of Felipe Mariño from Gómez-Pinzón Abogados (GPA) – effective as of December 2022.

Practice head(s):

Juan Felipe Vera


‘I have the best possible opinion of this practice in Colombia. It is a formidable team, very experienced and with a commitment to the client that is difficult to match.’

‘We highlight the team’s international experience, scrupulous attention to detail and permanent availability. In Colombia, senior associate Carolina Trejos Robledo stands out solidly in this practice, she is one of the best associates I have worked with in my professional career.’

The team differentiates itself through its high capacity for business understanding and its ability to transfer business conditions to transactions in a practical and simple way.

The personnel with whom I worked became an integral part of our team. They shared the same vision and purpose, understood the goals to be achieved and contributed efficiently and effectively to their achievement.’

There is a diversified and solid knowledge in several subjects, which makes the team very versatile.

I highlight the firm’s great ability to understand business and actively contribute to its structure, particularly Juan Felipe Vera and associate Pablo Martínez in the M&A area.

Key clients

Platinum Equity


Laika Universe

Sk Bergé


Linzor Capital Partners

CI Fruselva Colombia

Summum Group, PTS Holding Services

Teka Cucire, Fondo de Capital Privado Teka Colombia I

Omni Management Company, Omni Loan Management Company, Greensill

Work highlights

  • Advised Essity on negotiating and signing an agreement to implement a takeover bid to acquire a 94% shareholding of Productos Familia.
  • Acted for SKBergé on the acquisition —through a joint venture— of certain assets related to the Hyundai car distribution business in Colombia.
  • Advised Laika Universe on its series B financing, led by Softbank.

Holland & Knight

The Bogota corporate team at Florida-based Holland & Knight is ‘focused on its clients and the search for solutions‘, according to sources. The group covers the waterfront on corporate issues and routinely advises on company incorporations and joint ventures, right through to M&A transactions and corporate reorganisations. Resident partner Enrique Gómez-Pinzón splits his practice between Bogotá and Washington DC and handles a range of cross-border investment and M&A matters; he is leading the firm’s advice to Cemex Latam Holdings on its attempts to nullify certain corporate decisions that were taken during the capitalisation made in 2015 by Cemex Colombia in the company Zona Franca Especial Cementera del Magdalena Medio. Lucas Saffon-López co-leads the group alongside Gómez-Pinzón and also has an emphasis on international deals, while José Vicente Zapata is noted for his transactional expertise in the natural resources sector. The group also includes newly promoted (January 2022) corporate and tax partner Rafael Lafont Castillo. The firm witnessed a flurry of associate departures in 2021: associate practice director María Isabel Romero de la Torre, senior counsel Daniel Fajardo and associate María Alejandra Cabrera all left the firm.

Practice head(s):

Enrique Gómez-Pinzón; Lucas Saffon-López


‘A highly innovative and professional team, which is focused on its clients and the search for solutions.’

‘We value lawyers for their knowledge, dynamism, speed and solutions.’

Key clients

QWS Holding

Banco General de Panama

Cemex Colombia


Hemisphere Media Group

Productos Ramo

Taikai USA Switchgear

Work highlights

  • Advised Banco General de Panamá, as creditor, on the reorganisation process currently being carried out by Alfacer del Caribe and Alfagres before the Superintendence of Companies.
  • Acted for Cemex Latam Holdings in the preparation and filing of a lawsuit before the Superintendence of Companies requesting the declaration of nullity of certain corporate decisions that were taken on Cemex’s capitalisation in 2015 by Cemex Colombia.
  • Advised Colombian food company Productos Ramo on its merger with Molinos Las Mercedes.

Muñoz Tamayo & Asociados

Muñoz Tamayo & Asociados‘ corporate practice is commended by clients for its ‘dynamic and comprehensive service‘. A strong performer in mid-market deals, the group is also regularly called upon to advise on the local aspects of major cross-border transactions. Firm founder Diego Muñoz Tamayo co-leads the department and has a robust record in representing domestic and multinational corporations and investment funds on sophisticated corporate and M&A transactions. Corporate, banking and finance specialist Felipe Trías co-heads the practice and recently teamed up with Muñoz Tamayo to advise Rentokil Initial on the acquisition of Continental de Fumigaciones. The group also benefits from an impressive band of up-and-coming lawyers, with senior associates Alonso de Reyes (‘extremely hard-working and highly commercial’) and Amparo Montes (‘very dedicated and business-oriented‘) both singled out for praise by clients.

Practice head(s):

Diego Muñoz Tamayo; Felipe Trías


This very unique practice takes a “hands-on” approach. It is neither a boutique nor an international firm but fits somewhere in between with no bureaucracy, which makes things easier for clients. Lawyers possess well-rounded knowledge and teams are set up leanly, providing the best skills for each situation.’

‘The firm demonstrates good knowledge of the local market and maintains strong relationships. It has a very collaborative working style.’

‘The office combines dynamic and comprehensive service with personality. Queries are answered quickly and completely. The certainty that solutions to the problems presented will arise with speed and commitment generates great peace of mind for the client.’

‘Diego Muñoz Tamayo always reacts promptly to any request and his legal analysis is practical and professional. The firm manages to balance compliance requirements with the need for business development. Lawyers’ practical solutions for legal compliance is the most important skill we value.’

‘We value Diego Muñoz Tamayo for his strong technical knowledge, ability to solve complex problems and unmatched dedication. Senior associate Alonso de Reyes demonstrates high dedication and technical capacity.’

‘Felipe Trías and senior associate Amparo Montes support us with high-level corporate issues. It is a specialised team that understands the business and provides added value with its recommendations and opinions.’

‘Senior associate Amparo Montes is a very dedicated and business-oriented person; she provides support on every issue under her management.’

Senior associate Alonso de Reyes is extremely hard-working and highly commercial.

Key clients

Agility Logistics

S&B Engineering

Trina Solar


Rentokil Initial

America de Cali





Aucerna – 3ESI

Work highlights

  • Advised AMP Capital on its investment in a joint venture with the Enel Group, which was awarded two concession agreements for the provision and operation of 860 electric buses for the Transmilenio mass transportation system in Bogota.
  • Acted for Glencore International on the Colombian antitrust approval of its acquisition of Anglo American’s and BHP’s respective interests in the Cerrejón mine in Colombia.
  • Advised Rentokil on the acquisition of three companies in the Colombian pest control industry.

Calderon Mejía Abogados

Boutique firm Calderon Mejía Abogados is valued for its ‘unbeatable‘ client attention. The corporate team routinely advises local and international clients on the full suite of related matters, including transactional, compliance and contentious work. Notably, the firm’s strong referral relationships with global law firms demonstrates its international service credentials. Firm founder Tomás Calderón combines skill sets in corporate, commercial, tax and administrative law, which ensures he provides ‘comprehensive advice‘ on multi-layered transactions. The group also includes capable associate Diana Camila Martínez, who brings six years of experience to her role. Since publication, the firm has merged with Castro Estudio Jurídico and Lauda Legalto form Solvere Legal – effective as of February 2023.

Practice head(s):

Tomás Calderón


‘The treatment and attention we have received from this firm has been unbeatable.’

‘Both Tomás Calderón and his entire team are always available to attend to the needs of their clients.’

‘Tomás Calderón always responds on time with comprehensive advice.’

Key clients

Hotelbeds (Club Turavia, sucursal Colombia)

Publicaciones Semana

Super Wow

Permian Global

Work.r Colombia

Mechero Gas / Termomechero Llanos / Termo Mechero Aguazul


Allflex Europe

South American Investment Latin

KEOS (Teamsourcing de Colombia, 724 Media, Clip Clap)

Cold River Investments

CI Global Multi Commodities

Grupo LCG

Cartagena Suites de Manga


Modern Energy

Draeger Colombia


Norton Rose Fulbright

Inversiones Colombianas Arauco

Gastronomía Italiana en Colombia


Inversiones Onys 22 (Onys Colombia)

Arete Latin America (Colombia)

Ruby Servicios

SAAB Colombia


Global Connection to Employment

Hoteles E & M

Bercomex America


SAAB Seaeye

Corporación Financiera Azuaga

Dack Trading

Permian Global Research

Termo Mechero Llanos

Alphanumeric Systems

On The Road Colombia




Erazo Muñoz

Mechero Gas

EGC Colombia


Airsys Cooling Technologies

Allflex Europe Sucursal Colombia.

Search Engine Business

SAEB Atlantic

Faro Energy

Work highlights

  • Advised Liberty, as a subcontractor of Norton Rose Fulbright Mexico, on the Colombian aspects of the underwriting of Termovalle’s shareholders’ representations and warranties in favour of Enfragen, under the Termovalle SPA.
  • Advised Termo Mechero Aguazul on defending a claim brought by Ecopetrol alleging breach of contract, and also advised the client on preparing a counterclaim.
  • Advised Termo Mechero Llanos on the sale of a 12.2% stake in Termo Mechero Morro, within the context of the sale of 100% of the shares of the latter company.

Contexto Legal S.A.

The ‘friendly, always available and agile' group at Contexto Legal S.A. attracts particularly strong praise for its ability to nurture a ‘warm advisor-client relationship‘. The Medellín-based firm handles a varied mix of corporate and M&A matters, with a strong recent run of deals involving the healthcare, energy, transport and technology sectors. Group head Guillermo Villegas Ortega maintains a broad practice and is noted for his background in both transactional and compliance matters. Associate director Felipe Restrepo Rincon provides support on the commercial, corporate, foreign exchange and regulatory fronts, while senior associate Sara Marcela Aldana has an emphasis on corporate, M&A and restructuring work.

Practice head(s):

Guillermo Hernán Villegas


The entire team is excellent. We appreciate that lawyers act as people first, which allows for a close and warm advisor-client relationship. They also translate technical language into simple terms.’

Contexto Legal is unique because its lawyers work as a team and create synergy.’

The team is characterised by its personal service. Lawyers are highly qualified in the various issues handled and are always willing to understand client needs and to collaborate in a timely manner to resolve situations that arise. We have worked with other firms but Contexto Legal’s service is unmatched.’

We recommend the team due to its excellent people skills, its closeness to the client and its timely attention to requirements.’

Lawyers are interested in listening to the client and investigating different paths. They are friendly, always available and agile.

All of our requirements are covered by Contexto Legal in a timely, prudent, measured and law-abiding manner, as our company requires it. Contexto Legal lawyers are characterised by their immediate response to our needs.’

We value the team’s knowledge of the client and the market in which the client operates.’

Key clients

Comfenalco Antioquia

Arkema Colombia

International SOS de Colombia

Grupo Biopapel (Scribe Colombia)


Compañía Colombia de Cacao

Avícola Nacional

Laboratorio Médico Echavarría


Vicunha Colombia

Abrasivos de Colombia

Clinica del Campestre

Mantos Andinos (Grupo Edil)

Crown Colombiana


Chopucair Cardenas Testing

Manufacturas Muñoz (Muma)

The Forest Company

Evonik Colombia

Grupo Eds Autogas

Celsia Colombia

Ripio Holding


Compañía de Créditos Rápidos-Rapicredit

Centro Oncológico de Antioquia

Work highlights

  • Advised Centro Oncológico de Antioquia, and its shareholders, on its acquisition by Quirónsalud.
  • Acted for Celsia Colombia on the sale of 100% of the shares in one of its subsidiaries, which has a concession contract for the provision of a fleet of electric vehicles linked to Bogotá’s Integrated Public Transportation System (SITP).
  • Advised Arkema Mexico on the structuring and negotiation of a long-term supply agreement with Ecopetrol for an estimated value of $8m.

Correa Merino Agudelo Abogados

The ‘collaborative and highly resolute‘ team at Correa Merino Agudelo Abogados handles a broad scope of corporate and M&A work, with a focus on venture capital. Considered by some as ‘the most knowledgeable firm in start-ups‘, the team is particularly dominant in representing start-ups and investors, but its diverse client roster also includes well-established domestic and international corporations. Managing partner Camilo Merino steers the corporate, M&A and venture capital practices; he is noted for his expertise in both transactional and corporate governance matters. Key support is provided by associate Sergio Arias, who focuses on corporate, M&A and private equity. In February 2022, senior associate Juanita Betancur  left for an in-house position at Avianca.

Practice head(s):

Camilo Merino


‘CMA fields a comprehensive practice that is collaborative and highly resolute. The team-oriented approach of its lawyers — at any level — is always evident. Regardless of the client’s needs, the person in charge helps the client to navigate through the different teams/practice areas to provide holistic care.’

‘We value the firm’s understanding of the client, its focus on learning the client’s objectives and  its ability to recognise, defend and support the client’s position.’

‘Lawyers are always available and able to adapt to the changing circumstances of the transaction.’

‘The team’s knowledge of the start-up environment is exceptional; the best I have seen in the market. Its service is timely and very close.’

‘I think CMA is the most knowledgeable firm in start-ups. Camilo Merino is exceptional.’

‘The follow-up and documentation of all the client’s requirements is neat and exact; the scheduling of meetings is opportune; billing is clear and detailed; the firm provides constant support.’

‘Always, and with a high level of empathy and decisiveness, the lawyers put themselves in the client’s shoes and strive to protect and support them at all costs.’

‘Lawyers demonstrate excellent flexibility and commitment, even supporting the client with urgent last-minute needs. Additionally, CMA is a very human office, focused on results, not on bureaucracy.’

Key clients

BTG Pactual

Chambers of Commerce of Medellín for Antioquia, Cali and Barranquilla


Grupo Familia


Laboratorio Clínico Hematológico

Materiales EMO

Grupo Sura



Promotora de Proyectos


Work highlights

  • Represented the sellers of Ronelly in the transfer of all the company’s shares to a Colombian subsidiary of Patria Investments.
  • Acted for the majority shareholder of Materiales EMO on the design and execution of a structure allowing it to grant a lien over its stock and ultimately transfer, with reduced risks, such stock to the company’s minority shareholder.
  • Advised Sempli on the negotiation and closing of its Series B round through both convertible debt and equity from existing investors (IADB, Inconfin Investment Management and Oikocredit International) alongside various private investors.

Cuberos Cortés Gutiérrez Abogados

Cuberos Cortés Gutiérrez Abogados strives to be a one-stop-shop for its corporate clients. The team advises on the full suite of corporate and commercial matters, from day-to-day operational issues through to sizeable M&A transactions. Founding partner Gustavo Cuberos is best known for his formidable reputation in the bankruptcy field and he also advises on M&A. Julia Velásquez is noted for her transactional experience in the mining, pharmaceutical, technology and agriculture spheres and co-heads the practice together with Cuberos and Alba Malagón, who has a strong record in representing international clients. Senior associate Natalia Cuberos is also recommended for her focus on corporate and commercial work.

Practice head(s):

Gustavo Cuberos; Alba Malagón; Julia Velásquez

Key clients

CI Grodco Ingenieros Civiles (in regorganisation)

Carbones de los Andes (in reorganisation)

Disan Colombia

Magistrales Veterinarios


Carbomax de Colombia

Itochu Corporation (sucursal Colombia)

The Pub

Pegatex Artecola

Work highlights

  • Advised Carbomaz de Colombia – the third largest coke company in the country – on defining and implementing a more efficient corporate structure, obtaining financial benefits of up to approximately $28.5m.
  • Acted for The Pub, a craft beer producer, on negotiating an energy-supply agreement and the project financing of the installation of a 250-solar panel energy plant.
  • Advised Pegatex Artecola on the execution of a shareholder’s agreement.

Esguerra Asesores Jurídicos

Commended for its ability to ‘transmit confidence‘, Esguerra Asesores Jurídicos‘s corporate team is a prominent player in mid-market deals. Lawyers are valued for their ‘understanding of the business‘ and are well versed across all key industry segments, with a strong recent showing in the financial services, infrastructure, healthcare and energy sectors. Led jointly by corporate finance specialist Juan Pablo González   and corporate and compliance partner Andrés Parias , the team handles a range of transactional and compliance matters. Other recommended names include competition specialist Andrés Jaramillo  , Verónica Arango Lux  — who was promoted to partner in January 2022 — and corporate and commercial-focused associate Maria Clara Londoño . In August 2021, associate Nicolás Arocha Roldán left to study in the UK.

Practice head(s):

Juan Pablo González; Andrés Parias


The team at Esguerra Asesores Jurídicos always transmits confidence.’

Each legal advisor demonstrates great solvency in corporate matters. They are excellent professionals, capable of giving the best results in a short time and with a great capacity for both legal analysis and an understanding of the business.

The plus provided by the the Esguerra team is that it fields professionals capable of understanding the demands of the client and responding in a friendly manner to each request. They manage queries with the best disposition.’

Key clients


Adcap Colombia

Caja de Compensación Familiar del Valle del Cauca Comfamiliar Andi Comfandi

Sociedad Portuaria Regional de Buenaventura (SPRBUN)

Cámara de Riesgo Central de Contrapartes (CRCC)

Servicios Postales Nacionales

Empresa de Telecomunicaciones de Bogotá (ETB)

Inversiones de Gases de Colombia (Invercolsa)

Work highlights

  • Advised Ecopetrol on corporate and administrative law issues connected to its takeover of Interconexión Eléctrica.
  • Advised the shareholders of stockbroker AdCap Colombia on the company’s acquisition by Progresión Sociedad Administradora de Inversión.
  • Advised health insurance company EPS SOS on various ongoing corporate matters.

Gamboa, García y Cardona Abogados

Gamboa, García y Cardona Abogados‘ corporate practice attracts strong reviews from sources, who commend its ‘outstanding customer service‘ and ‘young, but very qualified and well-trained, group of attorneys‘. The team continues to raise its market profile through its recent involvement in complex matters, including stalking-horse bidding processes and transactions in heavily regulated industries. Managing partner and department co-head Daniel García is noted for his broad transactional experience, which encompasses the real estate, telecoms and energy sectors, among others. Juan Felipe Roldán co-heads the team and is noted for his ‘exceptional mastery of the subject‘. Corporate partner Monica Pastor and ‘always available‘ associate Carlos Eduardo Delgado are also recommended. In April 2022, senior lawyer Nicolás Mora Barrero joined the department from Pinilla González & Prieto Abogados.

Practice head(s):

Juan Felipe Roldán; Daniel García


The M&A team provides outstanding customer service and is committed to resolve and push forward transactions. Lawyers demonstrate outstanding attention to detail and legal technique.’

Gamboa, García & Cardona Abogados provides a personalised service. Lawyers behave as part of the client’s team.’

An excellent practice with a young, but very qualified and well-trained, group of attorneys. Lawyers are fully bilingual, very responsive and with a practical approach to issues that is always a relief.’

While the team’s quality of work is as good as you can get in any top law firm, it is also truly client-focused. Client satisfaction is a priority and that is reflected in lawyers’ service, such as their prompt acknowledgement emails or follow-up emails letting me know where they are with issues.’

Each and every attorney is highly trained and seasoned, yet they roll up their sleeves and get down to the dirt when necessary without hesitation or reservations. You truly feel they walk along with you until the end.

Juan Felipe Roldán demonstrates exceptional mastery of the subject, which reflects all his knowledge and experience. He gives great comfort to the client.’

Associate Carlos Eduardo Delgado is always available when needed, he takes great care of the client and I always feel supported.

Key clients

Jiangling Motors Colombia

Digitex Informática Internacional

UPL / Uniphos Colombia Plant

Bogotá Coque (sucursal Colombiana), Ibarra and Dinda

Inversiones PYT


Environmental Resources Management

Avient Corporation

Corporación Maresa (Ecuador)

PPC Temkin Flexible Packaging

Tinsa Internacional de Inversiones

Scanda Latam

Ingram Micro



FLP Global

Kiruna Capital Partners

Rocky Mountain Foundation

FLP Colombia

Selecta Colombia

Inversiones Belbal


Bayou Purchaser

Work highlights

  • Advised PPC Holdings Colombia on the sale of 100% of the shares of PPC Temkin Flexible Packaging Colombia.
  • Advised Finsocial on the stalking-horse bidding process for the potential purchase of certain specified assets of Alpha Capital and Vive Creditos Kusida, pursuant to their sale under section 363 of the US Bankruptcy Code.
  • Represented Inversiones Belbal on the sale of assets and environmental licences for the operation of a safety sanitary landfill to Fanalca.

Parra Rodríguez Abogados

Parra Rodríguez Abogados advises an impressive roster of multinational clients on their day-to-day corporate issues in Colombia, enjoying longstanding relationships with Essilor International, Knauf and United Airlines, among others. The firm also advises a mix of domestic and multinational clients on standalone transactional matters, with its membership of the Multilaw alliance standing as an a key asset in cross-border M&A. Aviation specialist Bernardo Rodríguez Ossa   co-heads the group together with practice director Daniela Martínez Silva , who is recommended for her focus on international business transactions. Álvaro Parra , whose practice spans tax, corporate and commercial law, is also recommended. In December 2021, associate Roberta Gentile left to establish new boutique, Naro Legal.

Practice head(s):

Bernardo Rodríguez Ossa; Daniela Martínez Silva

Key clients

United Airlines Sucursal Colombia

Cargolux Airlines International Sucursal Colombia

Knauf International

CD Holding Internationale (Up Group)

Alliance Global Partners

Essilor International

Faye Business Systems Group

Guerbet Luxembourg

Hill-Rom Company

Concesionaria Vuela Compañia de Aviación

Vuela Aviación

Gestió i Trade Center

Sudamericana Integral de Construcciones Sudinco

Dutch Dredging

Agrofy Global

Work highlights

  • Acted as Colombian counsel to Alliance Global Partners on corporate and regulatory due diligence concerning the Colombian subsidiaries of a Canadian company in the cannabis sector.
  • Acted as local counsel to Faye Business Systems Group on the acquisition of several assets in Colombia.
  • Advised Essilor International on day-to-day corporate matters in Colombia.

Pinilla González & Prieto Abogados

Pinilla González & Prieto Abogados‘ corporate practice is lauded for its ‘great willingness to seek innovative and, above all, effective solutions‘. The team specialises in advising its stellar book of real estate clients on transactional matters, in line with its firm-wide strength. That said, it has also recently advised on several deals in the TMT and life science spheres. Felipe Pinilla, who has led the department for 25 years, possesses strong expertise in transactional real estate matters and infrastructure projects. Fellow key name Julian Felipe Rojas advises companies from the telecoms, life sciences, real estate and public utilities sectors, among others, on a range of transactional and corporate governance matters. The team also includes Camilo Andrés Hermida, who handles corporate, estate planning and M&A. At associate level, Lina Maria Ospina and Maria Fernanda Ortiz are noted. Senior lawyer Nicolás Mora Barrero left in March 2022.

Practice head(s):

Felipe Pinilla; Julian Felipe Rojas Rodríguez; Camilo Andres Hermida Cadena


‘The team is very good at its job; lawyers manage to see potential solutions from different points of view, they are very empathetic and — through the pandemic — they have handled technology well. It has really been a very good decision to work with this firm.’

‘The work of the partners has been impeccable. They have always responded and helped on time. Queries are answered efficiently and quickly.’

‘The team has given us comprehensive advice on the problems and situations for which we required support. Lawyers always respond promptly and with great willingness to seek innovative and, above all, effective solutions.’

‘We value the firm’s communication and its way of approaching and explaining the solutions to the situations that arise.’

‘The team is comprised of people with whom one feels comfortable and in whom one genuinely trusts. Julian Felipe Rojas is someone we always want to have on our side.’

Key clients

PCG Constructora

GCC Constructores

Cabrera Imperial

Universidad de los Andes

Fideicomiso Lagos de Torca

Desarrollos Serena del Mar Sucursal Colombia

Universal Linc de Colombia

Abinbev Middle Americas

Algar Colombia



Grupo Amarey Nova Medical

Inmobiliaria Piñeros Ospinas

ATC Sitios de Colombia

Work highlights

  • Advised Proenfar on the merger of two of its companies, with the purpose of carrying out a business reorganisation in Colombia.
  • Advised Universidad de los Andes on the corporate structure and agreements for a new real estate project in Bogotá.
  • Advised AB InBev Middle Americas on various corporate matters, include a sales agreement.

Serrano Martínez

Serrano Martínez‘s corporate team attracts glowing reviews for its ‘client-centric philosophy‘ and its lawyers’ ‘sharp commercial instincts’. Since its establishment in 2017, the competition and corporate boutique continues to grow its market share of sophisticated transactions, including M&A, joint ventures and investment deals — it also acts on corporate litigation and compliance issues. Department head Juan Diego Martinez  , held up by sources for his ‘extensive knowledge and resourcefulness‘, is an increasingly prominent name for M&A, especially in the retail, agricultural, technology and life sciences sectors. Competition head Felipe Serrano   also handles corporate work. Key support is provided by associate Juan Pablo Ramírez , following the departure of senior associate Mateo Gómez Mazuera in August 2021.

Practice head(s):

Juan Diego Martinez; Felipe Serrano


‘Serrano Martinez is a unique practice in that it provides exceptional and hands-on customer service. The lawyers all have very good knowledge, they meet the delivery dates and the advice they provide is clear and complete.’

‘They are a young, and at the same time experienced, team that provides fast, practical and accurate solutions for the client’s needs.’

‘This team is characterised by its focus on the client and the excellent quality of its service. Throughout its consultancy, the firm’s client-centric philosophy was obvious. Also evident was its lawyers excellent technical skills and their dedication to understanding my interests to better advise me.’

‘The team pairs innovative staffing and technology processes with high-level legal knowledge in order to provide a cost- and time-efficient service. Lawyers are incredibly responsive with sharp commercial instincts.’

‘Juan Diego Martinez and associates Antonio Gómez and Juan Pablo Ramírez are all exceptional. What stands out is the use of technology and process management; it produces the best work product faster than any firm.’

‘Juan Diego Martinez and associate Juan Pablo Ramírez demonstrated throughout their outstanding technical knowledge in the required matters, as well as their commitment to my interests as a client.’

‘Juan Diego Martínez made his understanding of my interests evident at all times and proposed innovative strategies to address problems and protect those interests.’

‘The lawyers of this firm stand out for their knowledge and problem-solving abilities. Juan Diego Martínez is a lawyer with extensive knowledge and resourcefulness, which ensures negotiations and problem solving are achieved in an agile manner.’

Key clients

Ontra (previously InCloud Counsel)



Primax Colombia

Unilever Andina de Colombia

Home Sale

Pesquera Jaramillo

Forte Group

Tirant Lo Blanch

Southern Bridge Capital



Cablecol Cía

Rex Ingeniería

Mutual Empathy

Odonto Express

Grupo Olímpica

Tada Inversiones

Work highlights

  • Advised Vanti on its participation in a private equity fund to provide financing to operators of TransMilenio for the acquisition of natural gas-fuelled buses for the system.
  • Advised the shareholders of Home Sale on negotiations for an investment by a third party to accelerate its growth and expand its presence in Colombia and Latin America.
  • Advised Cablecol Cía as creditor in the insolvency proceedings of Caicedo Grupo Eléctrico Colombiano and Nuevo Aeropuerto de Barranquilla.


Advocat‘s increased focus on the technology sector paid dividends during 2021, with new mandates from tech start-up Yuno and outsourcing company Functionary Colombia, among others. The group also handles corporate matters for clients in the heavy industries, energy and retail segments. María Isabel Rodríguez is a key contact for corporate and M&A transactions, particularly deals with an international dimension. The group also includes María Claudia Armenta, who has an emphasis on commercial and real estate work, and transactional energy specialist Francisco Cabal. Associate Alejandra Ortiz provides capable support.

Practice head(s):

María Isabel Rodríguez; María Claudia Armenta; Francisco Cabal

Key clients


British Council

Suramerica Comercial (Dollarcity)


Cyclelogic Colombia (Sinch)

National Oilwell Varco


Cartonera Nacional

Andritz Group

MPC Energy

Paladin Realty Partners


Tate & Lyle








Johanna Ortiz



Bergé Vigía

Ingenio Pichichí



Anida Colombia

Functionary Colombia

Centro Logístico Industrial del Pacífico (CLIP)

CFG Partners


Viral Code

AR Construcciones

Work highlights

  • Advised Movile on its investment in Mu Team’s Series B round.
  • Advised Muncher on the acquisition of certain Rappi rights in Brazil.
  • Advised Nabors on contract negotiations with Ecopetrol.


BBGS Abogados is held in high esteem by clients due to its ability to ‘complete complex transactions on time‘. The group advises on a comprehensive scope of corporate matters, from compliance issues through to capitalisations and M&A transactions. Luis Felipe Barrios is a key contact for corporate, entertainment and private client work and co-heads the department alongside corporate and M&A partner Monica Serrano. Senior associate Natalia Manrique provides core support to the corporate team.

Practice head(s):

Luis Felipe Barrios; Mónica Serrano


‘The corporate team at BBGS has supported the company in important local and international transactions. We highly value the commitment of the entire team, from associates to partners, to complete complex transactions on time — while adhering the group’s corporate guidelines.’

‘I especially highlight the work of Mónica Serrano, corporate partner, who has significant experience in these matters. Our company values the efficiency of her responses.’

Key clients


Forus Colombia

Hitachi Energy Colombia


HBO LAG Servicios Internacionales

HMC Capital Colombia

Holdingselskabet Af 18. September 2020 APS

Turner International Colombia

Smith & Nephew Colombia

Medlab G V / Laboratorio Bio Clínico Gómez Vesga

Work highlights

  • Advised Forus on its acquisition of 100% of the shares of UA Colombia from Under Armour Spain.
  • Acted for Forus on the purchase of 100% of the shares owned by Wolverine Europe in the companies Forus Colombia and Lifestyle Brands of Colombia.
  • Advised Forus Colombia on all stages of the merger between Forus Colombia, Lifestyle Brands of Colombia and UA Colombia.

Brick Abogados

New entrant Brick Abogados secures rave reviews from clients on the back of its ‘personalised attention‘, ‘strong spirit of collaboration‘ and ‘deep understanding of business‘. The nine-lawyer strong corporate practice is the largest department in the boutique firm and frequently handles M&A, spin-offs, capitalisations and regulatory matters for national and multinational companies. Managing partner Juan Diego Rodríguez is noted for his ‘outstanding ability to identify contingencies‘ and co-heads the team together with seasoned specialist Jorge Castaño. The group also includes impressive junior partner Santiago Arias, who ‘excels by pushing the transaction along‘, and senior associate Carlos Kure, who has a focus on commercial and financial law.

Practice head(s):

Juan Diego Rodríguez


It is a boutique that does not skimp on rigour and quality, despite its size relative to large firms. The partners are very accessible and do not neglect the work of the team, unlike other firms, where the work is totally delegated to the most junior lawyer.’

Juan Diego Rodríguez remains close to his clients and also manages to quickly build good relationships with the counterparty in M&A. He has an outstanding ability to identify contingencies that are not easy to spot. The fact that it is a relatively small firm makes the attention more personalised.’

Santiago Arias excels by pushing transactions along, creating the momentum for closings. He is personally dedicated to the successful completion of transactions, taking responsibility for advancing every front. He combines good business and legal management to effectively support negotiations.

Brick Abogados is comprised of people with a great professional profile, experience and clarity about the clients’ needs. We have always found the correct support for the different types of legal services that we have required.

‘The personalised attention we receive from all levels of Brick Abogados is the major differential. The support, communication and direct attention of Juan Diego Rodríguez constitutes excellent value. Additionally, we always use specialists in other relevant legal areas.’

The firm compares very positively to its peers in that it understands the specific client’s risk or business concern and adapts it into the contract and negotiations.’

The team, led by Juan Diego Rodríguez, offers unique, comprehensive and truly valuable support both in simple day-to-day processes and in complex transactions. Lawyers have a strong knowledge of Colombian legal and regulatory aspects, joined with deep understanding of business — this differentiates it from other firms that limit their advice to legal aspects.’

The people who make up the Brick team are outstanding lawyers in their different areas of expertise, and they all have a very warm and friendly temperament, and a strong spirit of collaboration towards the client.’

Key clients


Helm Holdings

Mas Equity Partners

Altra Inversiones


Gowan Company

Inversiones San Jeronimo – Autoland



Grupo Reve

Former Shareholders of Centro de Cancerología de Boyacá

Recordar Previsión Exequial Total


Work highlights

  • Advised BBI Colombia on the sale of its ‘Tostao Café y Pan’ business line to Nutrimenti de Colombia, a Postobon Group entity.
  • Acted for Inmoval-Private Equity Real Estate Investment Fund (managed by Credicorp Capital Inmoval) on the acquisition of a 49% participation in two shopping malls in Colombia: Parque Caracolí (Santander) and Parque La Colina (Bogotá).
  • Advised Refinancia on the acquisition of all the shares issued by the companies RF Encore (in Colombia) and RF Encore Peru owned by Encore.

Chalela | Abogados

The corporate group at energy boutique Chalela | Abogados has a focus on transactional energy matters, in line with its signature strength. Federico Chalela  is the name to note; he routinely represents domestic, multinational, multilateral and public-sector entities in a range of compliance, transactional and contentious issues. At associate level, commercial law specialist Andrea Gutierrez  is recommended for her robust in-house experience gained during stints at Shell Colombia and Win Sports. The firm recently saw the departure of associates Daniela Carvajal, who joined Dentons Cardenas & Cardenas in May 2022, and Ana María Iregui , who is now a legal counsel at Latitud.

Practice head(s):

Federico Chalela; Maria Jose Romero; María Isabel Paz; Daniela Carvajal; Andrea Gutierrez

Key clients

High Power Exploration

BC Exploración y Producción de Hidrocarburos (Sucursal Colombia)

Equion Energia

Suarez Camacho

BDE Consultants

Minerales Córdoba

Frontera Energy

A&Co Consulting

Clarke Modet Colombia

Inversiones GLP / Empresas GASCO


Asociación Colombiana del Petróleo (ACP)

DLA Piper




Soluciones Cuatroochenta

Deloitte Asesores y Consultores

Deloitte Asesores y Consultores utilises its platforms in Bogotá, Barranquilla, Cali, and Medellín to provide comprehensive national coverage to local and multinational corporations doing business in Colombia. The group is particularly strong on regulatory and advisory matters, including foreign exchange controls, but it also has experience in corporate transactions. At the helm is department lead Juan Germán Osorio, who advises on a range of commercial, corporate and compliance matters, with a strong record in restructurings. Legal manager Esteban Jimenez is also a primary contact for commercial, M&A and foreign exchange work, while legal seniors Santiago Castellanos and Juan Felipe Vivas provide support.

Practice head(s):

Juan Germán Osorio

Key clients

Canacol Group

Nestlé de Colombia


Championx Colombia

Mazda de Colombia

Natura Cosméticos / Avon Colombia

Hilton Worldwide Manage Branchco

DSV Solutions / DSV Air and Sea

Givaudan Colombia

Inteligence Bussines Recovery Colombia

Work highlights

  • Provided ongoing advice to the Canacol Group of companies on foreign exchange regulation and corporate law matters.
  • Advised Nestlé de Colombia on foreign exchange regulations.
  • Provided ongoing advice to ChampionX Colombia on various matters, including corporate document drafting, capitalisations and foreign exchange regulations.


According to sources, DG&A-Abogados is distinguished by its ‘attention to detail, thoroughness and responsiveness‘. The firm’s experience in the retail sphere is particularly noted; it also has an emphasis on the consumer product, real estate and technology sectors. Managing partner María Del Rosario Gómez provides robust all-round support to domestic and multinational clients on corporate and commercial matters. Key associate Maria Isabel Molinares co-ordinates the department and is highlighted, together with Del Rosario, for delivering ‘solutions-driven, practical advice‘. Other active associates include Santiago Adarve (consumer law, e-commerce and data protection) and Juan Carlos Fresen (corporate and administrative law).

Practice head(s):

María del Rosario Gómez


‘I have worked with the firm on various issues for the past 18 years. What distinguishes DGA from other firms is its attention to detail, thoroughness and responsiveness. The work product is by far superior to other firms.’

We value the team’s promptness and reliability, as well as the options provided at each step.’

‘The legal advice and support service is provided by lawyers with specific knowledge of different topics. Always co-ordinated with the main partner of the firm. Lawyers’ responses are always timely.’

‘We get the sense that this team is a part of our organisation.’

‘The firm demonstrates excellent management of corporate and foreign exchange matters. Maria del Rosario Gómez is an excellent lawyer who provides support at all times.’

‘At DGA, I work mostly with María del Rosario Gómez and associate Maria Isabel Molinares. Four critical characteristics sets these attorneys apart from their peers: solutions-driven, practical advice; creativity; responsiveness; timeliness.’

‘I have a direct relationship with María del Rosario Gómez, main partner of the firm, with whom we work together on transcendental issues of our business. She has extensive experience in retail-related issues — the firm has very important clients in this industry.’

‘Responsiveness and timeliness, for me, are essential. In 18 years, María del Rosario Gómez and Maria Isabel Molinares have never missed a deadline: unique for the region.’

Key clients

Koba Colombia

Outsourcing Servicios Informaticos

Schneider Electric de Colombia


Century Sports


VFS Colombia

Selina Group

Eventos Efectivos y Producciones

Makita Colombia

Fit for all

Celplan Colombia, in liquidation

Terumo Colombia Andina

American Apparel Colombia

Atheltic Sport

SPLA Different

Bogotá Occidente


Chilco Distribuidora de Gas y Energía


Yop Colombia


International Tourism Group

Corporación de Crédito Contactar

Work highlights

  • Advised Koba Colombia on commercial contracts and agreements, among other matters.
  • Acted for Texmodas Group on various corporate, compliance and contentious matters, including commercial contract drafting.
  • Advised Outsourcing Servicios Informáticos on contracts with public entities, and other commercial and corporate matters.


The ‘very responsive‘ and ‘highly committed‘ team at Goh demonstrates solid skill sets in all key pillars of corporate and M&A work, from compliance issues and operational matters, through to cross-border transactions involving acquisitions, spin-offs and capital reductions. The corporate department should further benefit from the launch of the firm’s new innovation, technology and start-up practice, which was established in May 2021 and aims to support emerging companies. Group-head Jaime Moya has a focus on investment and divestment transactions; he is highlighted together with key associate Steffany Serebrenik for their ‘in-depth knowledge and commercial awareness‘. Director associate Álvaro Sabbagh is also recommended for commercial and corporate matters.

Practice head(s):

Jaime Moya


‘We recommend the team for its good knowledge, practicality and fast attention.

A very responsive team, highly committed to provide valuable legal advice on corporate-related matters.

We value the deep knowledge that the lawyers of the firm possess regarding our company and our ethos.

GOH has a diversity of experts in different areas of law, which ensures we receive comprehensive advice. In the same way, we recognise the knowledge and expertise of each of the firm’s advisors in the different areas of law.

Responses to our queries are timely and adjusted to the requirements of our business. The people who make up the GOH team remain close to our company, therefore we have fluid and effective communication.

Jaime Moya is a professional with a high degree of experience in the public and private areas. His knowledge of our industry gives us confidence and peace of mind.

Jaime Moya and associate Steffany Serebrenik are outstanding lawyers with in-depth knowledge and commercial awareness.

Key clients


Seguros Generales Suramericana

Auteco Mobility / Autotécnica Colombiana

OHLA Progress Enablers

Sacyr Concesiones Colombia

Concesionaria Vial Unión del Sur

Oleoducto Central (Ocensa)


Cardinal Health

Senra Precious Metals


Viajes Circular

Axia Invest Banking

IG Networks

Grupo Sanford

Nieto Abogados

Established for over two decades, Nieto Abogados is a compact firm with experience in all core areas of corporate and commercial law. The group is equipped to handle deals in any industry sector but is recognised for its strength in heavily regulated industries, particularly the energy, telecoms and media arenas. Department head Luis Eduardo Nieto  routinely advises local and international companies on corporate and M&A transactions, as well contentious matters. The group also benefits from the senior experience of partners Paula Duarte  and Juan Antonio Vallejo , while senior associate Juan Sebastian Gaviria  joined in June 2021 from Brigard Urrutia.

Practice head(s):

Luis Eduardo Nieto

Paniagua & Tovar Abogados S.A.

Distinguished by its ‘practical knowledge and support‘, Paniagua & Tovar Abogados S.A.‘s scores its first entry into the table on the back of its increasing prominence in the corporate space. Historically best-known for its tax offering, the boutique firm has strengthened its relationships with key clients to additionally encompass corporate services, with strong recent activity in the technology, life sciences and food sectors. Department head Michael Moreno is a young partner, who is singled out both for his ‘practical vision‘ and ‘dynamism‘. The group also includes recommended senior associate Luis Felipe Orozco, who recently joined from CIAMSA (Comercializadora de Azucares y Mieles) where he was a legal analyst.

Practice head(s):

Michael Moreno


Paniagua & Tovar Abogados was recommended to me by one of my closest friends, who said the service was outstanding and comprehensive. I was not disappointed: it was amazing to work with the team from a personal and professional point of view.

The team is distinguished by its practical knowledge and support in the application of the law. Compared to other firms, its response times are much more agile.

From the corporate point of view, we found the lawyers to be very proactive and willing to help us, they demonstrated great professional and technical training. The team’s strengths are: its dynamism and ability to adjust to our needs as a start-up; permanent availability; and efficiency.

We have developed investment and capitalisation processes with the firm, and we have been completely satisfied and happy with the services that have been provided.’

The plus of the office is the close treatment they give to the client. In addition to being highly trained, it offers personalised attention that has been adjusted to the needs and projects proposed.’

We have been attended to directly by corporate partner Michael Moreno and tax partner Mario Tovar; their support was vital to the achievement of the company’s objectives. Advice is very comprehensive and combines fiscal and business knowledge.

Michael Moreno has a very practical vision, which he always lends to his services to adapt to the needs of the company. His dynamism has been crucial in the current stage of our business, as is his ability to form relationships with all stakeholders.’

Luis Felipe Orozco (senior associate) has assisted us with day-to-day operations, supporting us to make more efficient use of resources. He has made an important contribution to our business.

Key clients

Global Tech Colombia

Flapper Tecnología

Healthy Catering Services


Porfenc Argentina

Weg Colombia

Caria Group


Work highlights

  • Advised WEG Colombia on the negotiation, structuring and execution of agreements for the supply of goods and services related to the generation of renewable and non-renewable electric energy with various clients, including Enel.
  • Acted for Medicadiz on the corporate and tax planning aspects of the $7.5m sale of shares in the company by its shareholders.
  • Acted for Caria Group on the sale of the Caria Group FL branch in Colombia.

Scola Abogados

Lawyers at Scola Abogadosprovide service with empathy and dedication‘, say sources. The corporate group stands out for its full-service approach, with activity in compliance issues, transactional matters and commercial litigation. Carolina Solano is noted for her record in cross-border matters and brings to bear former experience as adviser to the Ministry of Commerce, Industry and Tourism. Carolina Munar co-leads the corporate and international business law unit alongside Solano and is particularly well versed in the life sciences and chemicals spheres. The group also draws upon litigator Pedro Munar as well as associates Laura Andrea Cadena (corporate, commercial and litigation) and Angie Paola Monroy (corporate, commercial and finance). Associate María Camila Pereira left to join Laboratorios Sanfer in January 2022.

Practice head(s):

Carolina Munar; Carolina Solano; Pedro Munar


‘We appreciate the firm’s invitation to talks and events to keep us up to date with current regulations. We also value its commitment to social responsibility.’

‘Lawyers are responsive and provide service with empathy and dedication.’

Key clients


Inelec International

Poma Colombia

Corporacion Club La Hacienda

Sesderma Colombia

Valrex / Ondina

Annar Diagnostica Import


Constructora Domus

Administradora Country


Nipro Medical Corporation

Laboratorios Bussi


Corporación PCR


Biologische Heilmittel Heel

Heel Colombia

Value Added Information Technologies

Gloria Colombia



Corporación Social de Cundinamarca



Work highlights

  • Advised Poma Colombia on the structuring of contracts with its subcontractors to fulfil its public tender award for the construction of two cable cars.
  • Advised Corporación Club la Hacienda on the liquidation of the corporation and the sale of its facilities to a university for the development of an educational project.
  • Represented Gloria Colombia in an action brought against it concerning the alleged adulteration of milk.

UH Abogados

From its Medellín base, UH Abogados continues to gain traction in the mid-market space. The firm handles a steady stream of corporate and M&A matters, with strong recent activity in the agribusiness, start-up and life sciences spheres. Carlos Henao heads the department and has over two decades of experience in deal-making. Carolina Uribe, who has a focus on advising retail and real-estate clients on corporate and commercial law, is the other key contact. Six-year associate Daniela Vélez is also well versed in corporate transactions.

Practice head(s):

Carlos Fernando Henao; María Carolina Uribe

Key clients

Renault Sofasa


Puntos Colombia



Ecosistemas Digitales

RCI Colombia

Almacenes Flamingo

Industrias Haceb

Home Capital

Grupo Bios



Inversiones Auragan

STLTH International

Intertec International

Asesorías Servicios Ecológicos e Industriales


Tienda Registrada



Work highlights

  • Advised Caja de Compensación Familiar de Antioquia on the acquisition of the sole participation in Clínica Panamericana, a hospital located in Antioquia.
  • Represented Inversiones Auragan, the minority shareholder in Auralac, in the sale of its shareholding to QBCo.
  • Advised Home Capital on the negotiation with private investors of a simple agreement for future equity (SAFE).

Diaz Reus International Law Firm & Alliance

Miami-headquartered Diaz Reus International Law Firm & Alliance scores highly for blending the ‘expertise of a large firm‘ with ‘the advantages of a boutique firm‘ — the accessibility of its lawyers attracts particular praise. Among its core areas of expertise, the team packs a punch in corporate compliance-related issues. It also handles a significant volume of transactional and contentious matters on behalf of its diverse domestic and multinational client base. Bogotá office head Marcela Blanco, who is dual-qualified, is recommended for her handling of corporate, commercial and foreign investment issues. Key support is provided by associate Marcelo Buendía Vélez, who joined in September 2021 from the Ministry of Justice.

Practice head(s):

Marcela Blanco; Javier Coronado; Michael Diaz Jr; Marta Colomar-García


What makes Diaz Reus different is that it has the expertise of a large firm, but you get all the advantages of a boutique firm: clients get access to partners and other lawyers very quickly and efficiently.’

We would highlight the degree of trust that we have in Marcela Blanco. She has shown competent handling of our information and of the company’s assets. She has strong technical knowledge and problems are resolved efficiently.’

Key clients

Karisma Hotels & Resorts

Grupo CTO

HAE Group

Ackermann International

Disargen Oil Services


Camara de Comercio Colombo-Chilena

Santiago Velez & Asociados Corredores de Seguros

Allianz Seguros

Allianz Seguros de Vida

Taller Empresarial

Eduardo Cabello

Fabucredit Corp


Work highlights

  • Advised Grupo CTO on negotiating a settlement agreement with a former director of the company regarding several disputes.
  • Advised Santiago Velez & Asociados Corredores de Seguros in resolving requirements from the Superintendence of Finance in relation to corporate matters.

Gallego Abogados

Business law boutique Gallego Abogados is recognised for its niche strength in advising European — especially German-speaking — clients on corporate matters. It also acts for medium-sized and large Colombian companies on transactional, regulatory and contentious matters. Among the names to note, founding partner Helmuth Gallego maintains a broad practice, which spans corporate, commercial and arbitration matters, while firm deputy director Mónica Gutiérrez has a focus on corporate, tax and foreign investment. Senior lawyer Martha Neme is also noted for commercial work.

Practice head(s):

Helmuth Gallego

Key clients

Busch Vacuum México

MA Lighting Latinoamerica

Soluciones Integrales Ver

Abo Wind Aktiengesellschaft

Herrenknecht Colombia

Wacker Colombia

Eglo Colombia Iluminación

Cámara de Industria y Comercio Colombo-Alemana

German Embassy

Sistema de Fachadas Colombia

Fundación UOC Colombia

Vitronic Dr-Ing Stein Bildverarbeitungssysteme

Hafele Colombia


Work highlights

  • Advised Soluciones Integrales VER on the structuring of the business model for the commercialisation and protection of the client’s IP.
  • Advised Waldrettung on its contractual relationships with Indigenous communities in the Colombian Amazonian region in relation to the development of REDD+ projects.

Sanclemente Fernández Abogados S.A.

The ‘highly trained and professional team‘ at Sanclemente Fernández Abogados S.A. leverages its top-tier strength in energy and natural resources to specialise in advising clients in the oil and gas and mining spheres on corporate and M&A transactions. The infrastructure, transport and life sciences sectors are also growing areas of focus. Transactional energy specialist Diana Sanclemente spearheads the group and is held up by sources for her ‘clear knowledge of the different issues’. The team also draws on the senior experience of Ignacio Giraldo, who handles corporate and foreign exchange matters, and José Gabriel Fernández, who is recommended for energy deals. Associate Marcela Mosquera provides key support.

Practice head(s):

Diana Sanclemente


Sanclemente Fernández Abogados is a highly trained and professional team that is always available to its clients. We value its lawyers for their professionalism, empathy, knowledge and leadership.’

We are very grateful to Sanclemente. We have had really great support from the team, so far all concerns have been correctly resolved.

For us, the plus has been the attention that we have received from the firm. We are a medium-sized company but the attention has always been first class. Lawyers are responsive and always answer calls.’

The firm attends to the specific needs of each client and is aware of the effects of Covid-19 on their clients’ cash flow; it is very flexible in terms of fees and billing. The implementation of technological tools facilitates the flow of information.

It is a practical and agile team. The team’s knowledge ensures that it can spot and solve any potential issues that arise.’

We value the team’s timely assistance in meetings requested by our company with little notice, its ability to go the extra mile in requested services and its lawyers’ very good disposition and resolute attitude towards the challenges presented by our industry.

Ignacio Giraldo is an outstanding professional due to his knowledge and collaborative approach. He stands out for his constant co-operation and immediate responses.’

Diana Sanclemente is characterised by the responsibility she takes for decisions and her clear knowledge of the different issues.’