Firms To Watch: Corporate and M&A

ECIJA INTEGRUM‘s corporate team draws on its historic strength in the oil and gas industry as well as its international links to advise on cross-border M&A, restructurings and incorporations.
Founding partner Juan José Porras Castillo leads the corporate and regulatory practice at GT Legal, which has a broad domestic and international client base, including Guatemala’s Chamber of Industry.
Mollerlaw‘s corporate practice covers M&A, corporate structuring and governance issues, and the Guatemala-headquartered firm now has a presence in Honduras and El Salvador to assist regional clients.

Corporate and M&A in Guatemala

Alta QIL+4 Abogados

Corporate heavyweight Alta QIL+4 Abogados leverages its regional network, made up of offices in Costa Rica, El Salvador and Honduras, and full-service model to handle complex M&A transactions spanning multiple Central American jurisdictions, in addition to assisting with related tax, labour, administrative, compliance and environmental issues. Singled out by clients for its ‘great talent and high level of commitment‘, the team also advises on high-profile domestic M&A, divestments and corporate restructurings, with strengths in the telecoms, financial services, agriculture and energy sectors, among others. Managing partner Marcos Ibargüen and María Isabel Luján lead the sizeable team, which also includes José Quiñones (who heads the firm’s tax and compliance practices), Alejandro Cofiño (an expert in energy-related deals), Andrés Lowenthal (a go-to name for advising international clients) and Melissa Echeverría (who was raised to the partnership in March 2023). Senior associates Santiago Granados, who is active in local and regional transactions, and Ignacio Grazioso provide capable support. The firm has also established a robust diversity and inclusion initiative and code of ethics.

Practice head(s):

Marcos Ibargüen; María Isabel Luján


‘It is a team with a high level of commitment to its clients’ projects, an impeccable work ethic and a high level of energy and coordination among themselves and with their clients.’

‘Marcos Ibargüen is a professional with great talent that includes the ability to identify challenges and come up with solutions that make great common sense. He has also developed a highly talented team around him and on the projects we have worked on where we have had strong pressure to move forward and resolve matters on time, they have always supported us unconditionally.’

‘A young team with great talent.’

‘Alejandro Cofiño and Ignacio Grazioso are very good lawyers who provide great service.’

Key clients

Disagro De Guatemala

Nexeo Solutions

Central Agrícola

Dollar City

Telus International

Cinepolis – Mex

Grupo Gentera


Airbus Helicopters

Baker McKenzie

Aceros de Guatemala

Global Farma


Calidad Inmobiliaria

Work highlights

  • Advised Distribuciones Industriales Variadas (Divsa) and its affiliates across Central America on its acquisition by Barentz International.
  • Acted as local counsel for the Miffin Associates, the local partner of Millicom, on the sale of its remaining stake in Tigo Guatemala to Millicom for $2.2bn.
  • Advised Telus International on the special integration of a stock ownership plan across several jurisdictions.


Arias has a comprehensive corporate and M&A practice in Guatemala, as well as providing region-wide services to clients investing in Central America, with a network of seven offices (including a presence in Panama) to draw upon for support. The team advises a diverse roster of multinational companies across the energy, real estate, telecoms, pharmaceutical and banking sectors, to name a few, and has also expanded its base of domestic clients, recently acting for a number of prominent local businesses. Strengths include domestic and cross-border M&A, corporate restructurings, the incorporation of local operations, corporate governance and commercial issues. Luis Pedro del Valle took over leadership of the department in March 2023 following the departure of Jorge Luis Arenales; del Valle is noted for his broad expertise, covering M&A, corporate restructurings and venture capital transactions. The team also benefits from a deep bench of talented junior members, including senior associates Cindy Arrivillaga (who is experienced in cross-border transactions) and the recently promoted Jorge Ordóñez. Since the conclusion of research, the team has been strengthened further with the August 2023 hire of former PepsiCo legal manager for Central America and the Caribbean Luis Pedro Jegerlehner, as of counsel; an experienced corporate all-rounder, he brings additional expertise in matters including ESG, compliance, FCPA and conflict management.

Practice head(s):

Luis Pedro del Valle

Key clients

High Q International

IMCD Group


Walmart Mexico y Centroamerica

McAfee (through Baker McKenzie)

Brookfield Asset Management (through Kirkland & Ellis)

Akzo Nobel (through Baker McKenzie Colombia)


Coca Cola


Work highlights

  • Advising on the complete due diligence of Compushare’s global clients’ subsidiaries in Guatemala.
  • Advised IMCD on the acquisition of 100% of the business and subsidiaries of Quelaris Internacional.
  • Acted as local counsel to Spectrum Banks on the spin-off of its home and personal care business.


In a significant development, the ‘highly committed‘ team at BLP now benefits from the expertise of three partners, following the arrival of Jorge Luis Arenales, who brings an enviable track record in M&A and specialist knowledge of highly regulated industries to the firm, from Arias in June 2023; he joins well-regarded practice heads María Inés Arenales and Luis Ruiz. The corporate department attracts praise for its ‘extensive experience‘, with a wide-ranging practice that encompasses M&A, spin-offs, commercial and distribution issues, and compliance, and can also draw on the full-service firm’s strengths in the environmental, real estate, labour, IP and litigation fields. With a growing international client base, the team is well equipped to handle cross-border transactions, taking advantage of its regional footprint to advise on Central America-wide deals. Senior associates Gustavo Gamboa (who was promoted in April 2023) and Carolina Saadeh (who joined from an independent practice in January 2022) are the key names at the junior level. The firm has also established an Innovation Commission aimed at implementing new technologies, and an internal programme to promote integration and non-discrimination. Since publication, María Inés Arenales has left the firm for her own practice.

Practice head(s):

María Inés Arenales; Luis Ruiz


It is a responsible law firm that follows the cases and maintains relationships with its clients.

Experience, knowledge, commitment, discretion and professionalism.

María Inés Arenales stands out for her dedication to each project plus her legal, fiscal and financial knowledge. No other lawyer brings all this together in one person.

It is a highly committed team of professionals with extensive experience, who provide their services guided by ethical principles and values. Their knowledge and close relationship with our business have made their legal opinions very helpful to us, generating value and mitigating risks.

Luis Ruiz has extensive experience advising transnational companies, so he understands their needs and way of working. Luis is highly efficient in managing cases. He is also set apart by his great ability to successfully negotiate complex issues.

Gustavo Gamboa contributes positively to our matters thanks to his great technical knowledge, attention to detail, and involvement in each of the steps related to the case, providing his opinion based on his extensive experience in professional practice.

Key clients

IDB Invest

Emergent Cold Latam

Barentz International

Huntsman Corporation

HH Global




EOS Organization

Work highlights

  • Advised Emergent Cold Latam on the acquisition of Bodegas Frias, including on all corporate, real estate, environmental and compliance aspects of the transaction.
  • Advised Barentz International on the acquisition of 100% of the shares of Distribuciones Industriales Variadas (Divsa).
  • Providing daily corporate advisory and review services to HCL, including reviewing all corporate and other contracts issued by the client in Guatemala.

Consortium Legal

M&A transactions are the cornerstone of the corporate practice at regional powerhouse Consortium Legal, which is sought after for its advice to major domestic and multinational clients. The team has a strong track record in cross-border transactions – including deals involving multiple jurisdictions in Central America, thanks to its extensive regional network – and also assists with corporate restructurings and M&A-related tax, labour, IP, real estate, regulatory and litigation matters. The highly experienced duo of Alfredo Rodríguez (who has complementary tax expertise) and Rafael Alvarado Riedel (whose practice spans foreign investment and international commercial contracts) heads the team. Sofia Escribá is a go-to name for M&A, with a specialism in highly regulated sectors such as mining, and the practice also benefits from the expertise of firm president Álvaro Castellanos. Senior associate Maria Fernanda Morales leads a department focused on company incorporations, and associate Roxana Sandoval provides key support. The firm also demonstrates its sustainability credentials through its membership of the Central American Network for Corporate Social Responsibility (INTEGRARSE) and has established a regional equality policy. Since publication, Alvarado Riedel has moved to an in-house role at Tigo.

Practice head(s):

Alfredo Rodríguez; Rafael Alvarado Riedel

Key clients

Grupo PDC


CMI Alimentos

Global Farma



Idea Guatemala





Telxius Cable Guatemala


Enel Green Power

Lácteos Álgil

Inversiones de Guatemala

Millicom International

Tigo Guatemala


Grupo Hame


Multinacional de Servicios Cambiarios (Global Exchange)


ICTSI Americas



Grupo Carvajal


Grupo Intur



SAAM Towage

Media Development Investment Fund (MDIF)



Work highlights

  • Advised United Airlines on obtaining the regulatory authorisation for the use of MAX aircraft in its Guatemalan operation.
  • Advised a US-based client on a non-controlling investment in a local company that produces latex products.

Mayora & Mayora, S.C.

In addition to its presence throughout the Northern Triangle region of Central America, Mayora & Mayora, S.C. also benefits from its close links with international firms thanks to its membership of the Lex Mundi legal network, making it a strong choice for multinational clients seeking advice on complex regional M&A and the establishment of operations in Central America. The team is also consistently active in corporate restructuring, joint venture, and corporate governance and compliance mandates, leveraging the firm’s full-service offering to assist with related banking, administrative, tax and labour issues and drawing on firm-wide expertise in energy matters to advise prominent clients in the sector. Department head Sandra Castillo has a broad practice, with an extensive client roster of international companies and major domestic groups. She is ably supported by senior associates Ana Cristina Garita and María de la Concepción Villeda, a specialist in civil and commercial contracts. Managing partner Eduardo Mayora and Claudia Pereira continue to lend senior expertise to the team.

Practice head(s):

Sandra Castillo


The team show willingness to assist and a sense of urgency. They communicate effectively.

Key clients

SML Labels

Grupo Tradeco

Consorcio Hytsa-Cemosa


Ufinet FTTH

Amway Global

Diageo North America

Payless ShoeSource


Banco Cuscatlan

Work highlights

  • Advising SML Labels on its incorporation process in Guatemala and the preparation and execution of a stock purchase agreement and other corporate documents.
  • Advising Grupo Tradeco on the incorporation of a branch, including related tax, regulatory and banking matters.
  • Providing ongoing support to Diageo on the operation of its local vehicle.

A. D. Sosa & Soto

Full-service domestic firm A. D. Sosa & Soto is hailed by clients as ‘very knowledgeable about the Guatemalan business environment‘, with a wide-ranging corporate practice as well as expertise in the taxation, environmental, IP, labour and real estate aspects of transactions. The team handles a steady stream of M&A and joint venture mandates, advising both multinational and local companies on investments in Guatemala, and assists with the expansion of businesses throughout Mexico and Central America. Another key dimension of the practice is advising on commercial contracts, including franchise and distribution agreements. The ‘brilliant and dynamicJuan Sebastián Soto, Carlos Rafael Pellecer and Einar Klanderud lead the team; all three are recognised for their strength in M&A and international contracts. The firm has also expanded its offering to clients with the launch of a dedicated compliance practice led by director Giovanna Menegazzo, who joined from Deloitte Legal Guatemala in October 2022.

Practice head(s):

Juan Sebastián Soto; Carlos Rafael Pellecer; Einar Klanderud


Very professional team.

Juan Sebastián Soto is a brilliant and dynamic lawyer.

The AD Sosa & Soto team is very competent and very knowledgeable about the Guatemalan business environment. They have very talented partners like Juan Sebastián Soto and Carlos Pellecer, who, in addition to being very good technically, have excellent knowledge of the Guatemalan system. In addition, they have highly relevant expertise in compliance matters, which gives clients security when doing business.

Juan Sebastián Soto and Carlos Pellecer stand out among the firm’s lawyers. I believe that they are very timely in their answers, innovative and trustworthy.

Key clients

Coca-Cola Femsa

Danone de Guatemala

DLocal/Demerge Guatemala

Huawei Telecommunications Guatemala

Bodegas Frías

The Conscious Home

Multinational Brand Management Group (MBMG)

Compañía Procesadora de Níquel de Izabal (Pronico)

Compañía Guatemalteca de Níquel (CGN)

Standard Fruit De Guatemala

Exacta Digital Media Guatemala

PriceSmart (Guatemala)

Techno Hydro/Tecnomecánica de Guatemala

Alucaps Centroamericana

Grupo PDC

Work highlights

  • Acted as local counsel to Techno Hydro/Tecnomecánica de Guatemala in connection with the expansion of its business activities in Mexico.
  • Advising MBMG on the negotiation and review of franchise and distribution agreements for the L’Occitane, Parfois, Bimba y Lola and Adolfo Dominguez brands in Guatemala and Honduras.
  • Advising Coca-Cola Femsa on contractual matters, including the implementation and execution of digital agreements and the use of electronic signatures in some of the company’s documents.

Aguilar Castillo Love

Aguilar Castillo Love‘s corporate practice is widely recognised for its representation of multinationals with a longstanding presence in Guatemala, and has recently won a number of new international clients, leveraging the firm’s full-service regional offering as well as its expanding presence in Latin America (with offices in Ecuador, Panama, Paraguay and Bolivia). The team has been consistently active in M&A involving Guatemalan targets and also advises on joint ventures, spin-offs, corporate restructurings, compliance and contractual issues. The practice is jointly led by Juan Carlos Castillo Chacón, who has a strong track record in advising international clients on M&A, and Natalia Callejas Aquino, a key name for cross-border mandates, corporate compliance and investigations. Associate Rudy Villatoro is currently on secondment at top-flight Mexican firm Creel, García-Cuéllar, Aiza y Enríquez, S.C. The firm also continues to promote gender diversity in the legal sector through its Proyecto ACL Mujeres initiative.

Practice head(s):

Juan Carlos Castillo Chacón; Natalia Callejas Aquino

Key clients




The Nature Conservancy

Empresa Eléctrica de Guatemala (EEGSA)

Cooper Tire




Pandora Jewellery

Work highlights

  • Advised Martinexsa on its agreements with other businesses, and specifically on data privacy issues regarding how to collect, store and process data.
  • Advised the Guatemalan subsidiary of The Nature Conservancy on changes to the corporate bylaws and regulatory compliance as a result of the restructuring of the parent company in the US.
  • Advised Cooper Tire on a product recall process in Guatemala.


Clients of Legalsa highlight the full-service firm’s personal approach and praise the team’s ‘humility and seriousness‘. The corporate department has an impressive record in cross-border M&A, advising international companies and major local and regional players, and has recently been active in assisting foreign direct investors with the expansion of their operations into Guatemala. Infrastructure, energy, aviation and telecoms are among the firm’s core sectors of expertise, and it also has a growing niche in the fintech and mobile apps space, as well as a practice dedicated to advising start-ups on corporate and IP issues (with an emphasis on the food and technology industries). David Font, an expert in M&A, foreign direct investment, real estate and fintech, jointly heads the practice with Johann Hartleben, whose experience spans domestic and international transactions. Senior associates Mónica Linares and Andrés Dubón focus on real estate issues and corporate disputes, respectively.

Practice head(s):

David Font; Johann Hartleben


The lawyer I work with most is Johann Hartleben. He is a professional whose ethics and honour are his main characteristics.

It is a large firm, but they serve the client as if they are friends or family, with humility and seriousness.

They are quick to respond, have an excellent knowledge of Guatemalan law and the memos they write are very clear and thorough. They provide solutions and have extensive experience in almost every type of transaction. They speak fluent English.

Key clients

América Móvil

Claro Guatemala (Telgua)

Grupo Ultramar

Fosforera Centroamericana


Prime Media & Entertainment

Norton Lilly International

Compañía Agrícola Industrial Santa Ana

Zuma Pagos

Super Auto Repuestos Acquaroni

Work highlights

  • Provided comprehensive advice on corporate, commercial, tax and labour issues to Zuma Pagos in relation to the expansion of its business from Mexico to Guatemala.
  • Advised Doctorisy on the expansion of its mobile app business into Guatemala.
  • Advised Watermania on establishing a joint venture with a company in the Cayman Islands, which will allow the client to establish operations in that country.

Carrillo & Asociados

Well-established domestic firm Carrillo & Asociados focuses its corporate practice on multi-jurisdictional M&A, frequently assisting both foreign and local clients with due diligence and deal structuring, and international commercial contracts. A full-service firm, it is also well equipped to assist with M&A-related tax, environmental, regulatory and criminal matters. Sara Santacruz is the key contact in the team, routinely advising on corporate transactions, including restructurings and foreign investments, and labour law issues; she is also the founder of Transforma, a national group of women lawyers. At the associate level, Juan Francisco Sandoval is a name to note for M&A, the sale and purchase of assets, and commercial, civil and real estate contracts.


Regional firm CENTRAL LAW handles a range of foreign investment, M&A and real estate mandates, with an emphasis on advising multinationals and clients in the energy, mining and infrastructure sectors. Widely recognised for his specialism in the energy and natural resources space, Juan Pablo Carrasco de Groote heads the firm’s foreign investment practice, while associate Verónica González is director of the international department. Of counsel Juan José Morales, who directs the national corporate and real estate departments, is also a name to note.


With the advantage of a global as well as a regional footprint, Dentons is consistently active on the cross-border M&A front, acting as local counsel to major multinationals. The ‘detail-oriented‘ team is well versed in advising on company incorporations and the launch of operations in Guatemala, in addition to assisting local and foreign clients with the expansion of their businesses in Central America. Other strengths include restructurings, joint ventures, and administrative and regulatory compliance issues. Office managing partner Luis Abundio Maldonado heads the practice and is particularly sought after by clients in highly regulated industries, including mining, energy and telecoms.

Practice head(s):

Luis Abundio Maldonado


Detail-oriented, very precise legal advice, and always timely responses.’

The team stands out for its efficiency and rapid responses to our questions.

Key clients

Starbucks Coffee Trading Company

Ferretería de la Construcción (Ferco)

Sugerencias Medicas

Axa France Vie


BMR Energy


Grupo Portalis

Xerox Servicios Compartidos Guatemala

Liberty Pay

Inter-American Development Bank (IADB)

GlaxoSmithKline (GSK)

Société Internationale de Télécommunication Aéronautique (SITA)

Mastronardi Produce

doTERRA Guatemala Essential Wellness

La Danta Films/El Cadejo Blanco


Hartford Fire Insurance

Schneider Electric

Grandfood Indústria e Comércio

Work highlights

  • Advising Ferretería de la Construcción (Ferco) on day-to-day corporate issues and the due diligence of all its entities as part of a corporate restructuring of the whole group.
  • Advised Starbucks on the structuring and incorporation of the first Starbucks Farmer Support Centre in Guatemala.
  • Advising Sugerencias Medicas (Sumedica) on the corporate, regulatory and administrative compliance aspects of its contract with the Guatemalan government seeking to decentralise health services.

Estudio Chávez Bosque S.A.

Founded in August 2020 and made up of an experienced team from Carrillo & Asociados, ‘highly dedicated‘ boutique firm Estudio Chávez Bosque S.A. has quickly established an active corporate practice, advising on a mix of transactional, commercial and regulatory issues. Rodolfo Alegría, who is widely regarded as a market leader in the energy sphere, takes the lead on large-scale M&A and other transactions, mainly advising international clients. Mélida Pineda focuses her practice on corporate and estate planning, including group restructurings, succession planning, and compliance and ESG issues. Notarial and commercial matters are handled by Carolina Flores, whose experience spans the incorporation of entities and commercial contracts.

Practice head(s):

Rodolfo Alegría; Mélida Pineda; Carolina Flores


Their high level of knowledge and pragmatism in practice enable them to give the client simple and concrete advice.

Rodolfo Alegría has great knowledge of local legislation and great customer service. He is cordial in his treatment of clients and clear in the explanations he provides. He is absolutely willing to provide added value for clients.

The team are extremely dedicated to detail and precision.

Key clients

Grupo Cropa


Helados Sarita

Work highlights

  • Leading the corporate restructuring of Grupo Cropa.
  • Advised VITA&mas on the creation of a corporate structure to handle the international expansion of its retail categories.
  • Advising Helados Sarita on its succession planning and corporate governance.


Lexincorp‘s corporate practice focuses on M&A, corporate planning and corporate governance, where it has strengths in advising multinationals setting up operations in Guatemala. The firm’s regional presence and membership of the global Multilaw network are also assets for international clients. The practice is led by corporate and IP specialist Gonzalo Menéndez González in conjunction with the experienced Julio Aparicio, whose broad expertise includes a niche in assisting with franchise contracts for restaurants in Central America and the Dominican Republic.

Palomo Abogados

While it is experienced in advising clients across a wide spread of sectors, the ‘knowledgeable, responsive and efficientPalomo Abogados is best known for its strength in the insurance industry, bolstered by its association with global firm Kennedys. The team frequently advises multinational clients on the expansion of their operations into the Guatemalan market, including related contractual, tax and labour matters, and is also a standout in the regulatory space. Héctor Palomo (an IP expert) and Federico Palomo (who specialises in the insurance and maritime sectors) lead the practice. Associate Alejandro Jáuregui, a former adviser at the Constitutional Court, joined the firm in March 2022.

Practice head(s):

Héctor Palomo; Federico Palomo


They take a personal interest in what matters to you as a client, and are available to you for whatever you need, especially Federico Palomo.

Knowledgeable, responsive, efficient, fast, coherent, helpful and informative.

Alejandro Jauregui is patient, clear in his answers, precise, willing to elaborate and go the extra mile, cooperative, and keeps clients updated about the matter’s progress.

Key clients

Tata Consultancy Services (TCS)


Yazaki de Guatemala


Cooperativa Dos Pinos

Micro Insurance

Grupo AGP

Zelle International

Alinea International Canada

Grupo Procaps

Work highlights

  • Advised Yazaki on the incorporation of a new manufacturing branch in Guatemala.
  • Advising TCS on its expansion into Guatemala.
  • Advising Microinsurance Catastrophe Risk Organisation (MiCRO) on the launch of pilot programmes for a natural catastrophe microinsurance product in Central America.


As a member of the LEGIC regional alliance, Alegalis benefits from a presence in Central America, and has also established operations in Hong Kong. The team is particularly well versed in advising clients in the healthcare and real estate sectors, and has a close association with non-profit Fundación Paso Dos, through which it provides legal support for start-ups. Director José Carlos Pérez leads the corporate and international business department, with a focus on commercial contracts and company incorporations. Managing partner Juan Antonio Mazariegos is another key figure in the practice.

Practice head(s):

José Carlos Pérez

Key clients

Grupo RV4

Grupo Capital Buró

Grupo Amaranto

Depósito Aduanero Incorporado

Inteligencia Farmaceutica

Fundación Proyecto Esperanza

Work highlights

  • Provided planning and structuring advice to Fundación Proyecto Esperanza.

Bermejo & Bermejo

Family boutique Bermejo & Bermejo stands out for its solid domestic experience and considerable strength in the real estate industry, where it has niche expertise in advising building administrations on their day-to-day operations. The practice is most active in assisting with the launch and ongoing management of companies in Guatemala (including drafting related labour, leasing, IP and distribution agreements), and also handles transactions such as M&A. Juan Carlos Bermejo and Luis Fernando Bermejo, who also lead the real estate and IP departments, respectively, head the team.

Practice head(s):

Luis Fernando Bermejo; Juan Carlos Bermejo


The team stands out for its client service and understanding of clients’ needs, adaptability and flexibility in charging fees depending on the stage of the company.

Professional, ethical, trustworthy and reliable.

‘They have a good relationship with the client and their service is fast.’

Key clients


Tropic Air

Ningbo Generic Chemical Co


Grupo Solid

Vertikal Sports Performance

Sueña Sleep Center

Carso Group

Grupo Vitatrac

Elite Brands

Work highlights

  • Acting as the legal arm of building and condominium administration company Aproco to advise owners’ associations on the amendment of their corporate structures,
  • Advising the owner of C’Santos Group on the acquisition of a forestry operation.
  • Advising Tropic Air on the reinstatement of its permits to operate the Belize City-Flores route, which was voluntarily suspended due to the Covid-19 pandemic.

Clarity Law

Clarity Law focuses its busy corporate practice on the M&A, venture capital and start-up spaces. The team is equally adept at handling domestic and cross-border transactions, with strengths in the real estate and technology (especially fintech) sectors. Founding partner José Augusto Toledo has longstanding experience in advising local and international clients on corporate, M&A and compliance issues, and Ligia Salazar also stands out for her expertise in the aviation and insurance industries. Gustavo Hernández left the practice in January 2023.

Deloitte Legal Guatemala

Deloitte Legal Guatemala has established a prominent presence in Latin America, including in Guatemala, where the corporate team draws on its strong international and regional connections to advise a host of major domestic, multinational and multilatina clients. The practice is particularly active on the M&A front, but also handles day-to-day corporate, commercial and compliance issues. Ruby Asturias joined the firm from EY Law Central America in 2021 and is widely recognised for her experience in M&A and investment mandates; she is supported by senior lawyers Carmen María Mérida and Allan Jeancarlo Morales.

Practice head(s):

Ruby Asturias; Carmen María Mérida; Allan Jeancarlo Morales


Very competent and up to date.

Ruby Asturias and Allan Morales stand out for their professionalism.

Key clients

Grupo Caabsa

Obrascón Huarte Lain

Market Industrial de Productos

Transporte y Administración de Valores

Cementos Progreso

Energía de Síntesis

Honduras Próspera

Grupo Carso


Emocon Group

Ciena Communications Guatemala


Eaton Electrical

Excel Automotriz

Gestionadora de Créditos de Guatemala

Grupo Babel de Guatemala

TFCF International Channels Guatemala

Edge Network Services Guatemala

Whirlpool Guatemala

Siemens Gamesa Renewable Energy Installations & Maintenance

WMGS Servicios Guatemala

Thyssenkrupp Industrial Solutions México, Sucursal Guatemala

Rocsa GT

T A 2000

BVH Business Services



Kellogg de Centro América

Unilever de Centroamérica

Paltus Capital

Work highlights

  • Advised two international clients on the due diligence and acquisition of a Guatemalan energy company.
  • Advised a construction company on the legal and regulatory due diligence of potential acquisition targets in the industry.
  • Advised an international company on the due diligence and acquisition of Guatemalan and Honduran companies in the energy and oil industry.


Focused on the corporate, start-up and technology spaces, LegalPlus attracts praise from clients as ‘an invaluable resource for cross-border transactions with a Latin American aspect‘, offering a remote office in Hong Kong and a presence in the US through Minnesota-based of counsel Mauricio Duarte. The team specialises in venture capital transactions, advising local entrepreneurs, family offices, investment funds and individual investors (with an emphasis on the technology and renewable energy sectors). Founding and managing partner Alvaro Hurtado jointly leads the team with Duarte and associates Pamela Rodas and Juan Andrés Campos.

Practice head(s):

Alvaro Hurtado; Mauricio Duarte; Pamela Rodas; Juan Andrés Campos


‘Attention to detail, speed, efficiency.’

‘The availability of the LegalPlus team is unconditional, including on weekends. The professionalism and diversity of the firm’s services make it unique for us, since apart from the legal issues they have a lot of knowledge in the accounting, financial and international areas.’

‘Alvaro Hurtado gives us a personalised service. He always maintains confidentiality and professionalism.’

‘One-to-one service, technological facilities for signing documents, bilingual capacity.’

‘An invaluable resource for cross-border transactions with a Latin American aspect.’

‘Alvaro Hurtado is pragmatic, business-oriented, approachable and reliable and experienced with transactions involving multiple jurisdictions.’

‘Ability to understand clients’ needs and focus on their matters. Agility and practicality, with great knowledge and legal rigour.’

‘A team of lawyers with great technical and personal qualities, with excellent work capacity.’

Key clients

Maspor Marine

Grupo WOL

Vana Overseas








Ortus America/Hydro Systems/Acueductos de Centro América

Mode Aviation


Core Code

Paggo Technologies

Work highlights

  • Advised on and coordinated the Series B equity financing round of Hybrico Energy Technologies, with new investors, for $20m.
  • Advised on, coordinated and led the Series A-3 Extension equity financing round of Osigu, with a lead investor and secondary investors, for $15m.
  • Advised Core Learning on the acquisition of its branch in Guatemala by Simera and coordinated the new corporate structure.

Lex Atlas

Established in October 2022 by Ignacio Andrade Aycinena and his team following their departure from Sfera Legal, the ‘agileLex Atlas handles a wide range of corporate matters, including company incorporations, M&A, restructurings, contracts and commercial agreements, as well as related IP and compliance issues. In particular, the practice leans on the real estate and telecoms expertise of practice head Andrade Aycinena to advise clients in these fields. Newly appointed partner Alejandro Solares Solares and experienced associates Claudia Pontaza and Carlos Gándara are also key names to note.

Practice head(s):

Ignacio Andrade Aycinena


We mainly work with the team for the knowledge and confidence of Ignacio Andrade Aycinena. Our relationship with the firm’s lawyers is very good, as we have been working with them for 20 years and have a lot of mutual trust. They are more agile and lower in price than other firms I have dealt with.

Ignacio Andrade Aycinena and Alejandro Solares stand out for their prestigious reputation, trustworthiness, knowledge and good relationships with clients.

Key clients

Empresarial Nori

SBA Torres de Guatemala

Grupo Apolo

Wackenhut de Guatemala

Banco G&T Continental

Grupo Lorenesi/Familia Lorenesi

Grupo Mediprocesos

Transportes Aereos de Guatemala (Tagsa)


Grupo Adisa

Work highlights

  • Advised on the corporate restructuring and due diligence on the local branches of an important beverages company.

Sfera Legal

Multi-jurisdictional M&A is among the core areas of expertise of Central American firm Sfera Legal, which also handles corporate restructurings, joint ventures and the establishment of business entities. Following the departure of office managing partner Ignacio Andrade Aycinena and his team in October 2022, the key contacts in Guatemala are Christian Michelangeli Toriello, who joined the firm from Valorem Legal in January 2022, and Gabriel Pallarés, whose practice encompasses corporate, M&A and foreign investment matters.