Corporate and commercial in Puerto Rico

Cancio, Nadal, Rivera & Diaz

Cancio, Nadal, Rivera & Diaz's corporate and real estate department advises clients on M&A, reorganisations and joint ventures, as well as the purchase and development of real estate assets. Practice head Rubén Medina-Lugo is highly esteemed for his corporate finance, governance, franchising and tax practice. Non-equity partner Frederick Martínez specialises in regulation, licensing and PPPs, while of counsel Ana Ruiz-Comas is an expert in banking, securities and equity finance. All lawyers are admitted to Puerto Rico and US courts.

Practice head(s):

Rubén Medina-Lugo

Ferraiuoli LLC

The rapid growth and success that Ferraiuoli LLC has experienced since its foundation is due in part to its comprehensive corporate offering, where the team 'compares very favourably against any other law firm in Puerto Rico, USA or elsewhere'. The finance, insurance and technology sectors are particular specialisms and are industries in which many of the firm's clients operate, though the team also advises real estate, media, transportation and food companies. Fernando Rovira Rullán is 'a leader who leads his team from the front.' Together with Jaime Mercado Almodóvar, he heads the 'excellent' group, which handles both local and international transactions and has additional knowledge of securities and IP law. Associate Andres Ferriol Alonso is another key member of the team.


‘Diligent, smart, experienced attorneys, who always get the job done on time.’

Compares very favourably against any other law firm in Puerto Rico, USA or elsewhere.

Fernando Rovira Rullán is a leader who leads his team from the front.

Key clients

Paulson & Co.

Software Brokers of America

Advent Morro

Parliament Capital

Empresas Fonalledas

Dynamic Payments Solutions

Air Master Awning

Semillero Ventures

Caribbean Produce


GFR Media

Work highlights

  • Acted as counsel to SafeTM LLC in the acquisition of a large portfolio of ATMs from Qualtex Corp.
  • Acted as counsel to Abartys Health in the sale of membership units for $2,850,000.
  • Advised on the extension of a $3m credit facility from Carliament Capital Management to Radiator Specialty Company, a manufacturing company based in Charlotte, North Carolina.
  • Acted as counsel to the purchaser in the acquisition of a technology company in Latin America in excess of $25,000,000.

McConnell Valdés LLC

One of the largest law firms in Puerto Rico, McConnell Valdés LLC has a diverse corporate offering (covering M&A, antitrust, distribution and franchising and trade marks) along with a mixed client base (advising companies in the financial, health care, insurance, retail, telecom and media sectors). Past work includes the team's work as lead counsel in the negotiation of a joint venture agreement between a local hotel developer and Hyatt Corporation for the development of a 149-room hotel. Rubén Méndez-Benabe is chairman of the group; his practice revolves around commercial and industrial real estate as well as PPPs and municipal financing. Ricardo García-Negrón is the vice-chair of the department and is particularly focused on lending transactions, project financing and other complex financial deals. Ernesto Mayoral is recognised for his advice to financial institutions and insurance companies.

Practice head(s):

Rubén Méndez-Benabe

O'Neill & Borges

With one of the largest and most comprehensive teams in Puerto Rico, O'Neill & Borges provides wide-ranging advice on M&A, commercial lending, corporate finance, distribution and franchising, PPPs and digital workplaces. Among the key lawyers are Alfredo Alvarez-Ibañez, who specialises in M&A and other corporate transactions, and José Cacho and Julio Pietrantoni, who represent telecoms, retail and manufacturing companies.

Pietrantoni Méndez & Alvarez LLP

Pietrantoni Méndez & Alvarez LLP's corporate practice has a strong focus on advising companies and boards of directors on complex corporate transactions, with standout past work including its representation of Bayer Puerto Rico in the sale of its medical diagnostic business in Puerto Rico to Siemens Medical Solutions Diagnostics. Covering a range of areas -from the structuring of transactions (including M&A and buyouts) to contracts, governance and compliance- the team was founded by Manuel Pietrantoni, who draws on an impressive track record in representing financial institutions and governmental entities. Other key names in the department are Antonio Santos, who concentrates on partnerships and the formation of corporations, and Eduardo Arias, an expert in corporate finance and securities regulation.

Practice head(s):

Manuel Pietrantoni 

Adsuar Muñiz Goyco Seda & Pérez-Ochoa

The corporate team at Adsuar Muñiz Goyco Seda & Pérez-Ochoa is divided into four sub-departments, each specialised in a particular branch of law. The M&A department is an active practice at the firm, which has acted as lead counsel on a number of significant local transactions. The corporate and finance practice, meanwhile, advises underwriters and issuers of debt instruments, developers of energy projects as well as pharmaceutical and oil and gas companies and banks on a daily basis. Commercial lending and real estate transactions -the latter being one of practice head José Antonio Fernández Jaquete's key areas of practice- complete the offering.

Cancio Covas & Santiago LLP

A broad corporate and commercial service is available at corporate and financial services boutique Cancio Covas & Santiago LLP. The team is noted for the 'common sense' approach that it employs when representing companies and their management, directors and committees on matters of governance, corporate responsibility and compliance. The 'excellent, always prepared and fully knowledgeable' Juan Ramón Cancio heads the department and acts on municipal finance, commercial lending, M&A, real estate and tax matters. Founding member Jorge Covas Mandoza has developed special expertise in government-sponsored real estate development projects for global research, IT and manufacturing companies. Rodney Colón Ortiz has a growing practice in real estate corporate matters.

Practice head(s):

Juan Ramón Cancio


‘The common sense of Cancio Covas’ attorneys. They never over-lawyer problems or solutions to the problems.’

‘Juan Ramon Cancio is an excellent attorney, who is always prepared and fully knowledgeable in the particular legal matter he is dealing with.’ 

‘Intelligence, dedication, knowledge, honesty. Juan Ramon Cancio is an excellent professional with vast knowledge.’

Key clients

Empreses Fonalledas

Plaza las Americas, Inc.

Puerto Rico Aqueduct and Sewer Authority

Best Option Healthcare Puerto Rico

Caribbean Cinemas

Sociedad Española de Auxilio Mutuo y Beneficencia de Puerto Rico

Puerto Rico Tourism Development Fund

Diquevestment Group, Inc.

DLA Piper Puerto Rico

Global firm DLA Piper Puerto Rico reached the shores of Puerto Rico in 2016, when it opened an office with four partners who joined from local firms. Nikos Buxeda joined from Adsuar Muñiz Goyco Seda & Pérez-Ochoa; now managing partner and head of the corporate and commercial team, he deals with securities, investments, M&A and corporate finance. Miriam Figueroa, whose previous firm was Pietrantoni Méndez & Alvarez LLP, is the lead partner on many corporate matters; PPPs are a key strength, in addition to procurement and contract negotiations. Another key practitioner is José Sosa-Lloréns, former chair of the corporate department at Fiddler González & Rodríguez PSC, who advises on banking regulation and corporate reorganisations and serves as issuer’s counsel in securities transactions. With many lawyers at the firm being dual qualified, the department has strong ties with the firm's Miami and New York offices. Adriana Perez-Rentas is an associate to watch.

Practice head(s):

Nikos Buxeda

Key clients

Puerto Rico Public-Private Partnership Authority

Nagnoi LLC

University of Puerto Rico

Banco Popular de Puerto Rico

Puerto Rico Banking Association

RioBlanco Capital LLC

Sonnedix UK Services Limited

Bancredito International Bank

Biomass Green Fuels LLC

UBS Trust Company of Puerto Rico

Citibank, N.A.

Work highlights

  • Advising the Puerto Rico Public-Private Partnership Authority with respect to the long-term concession of the San Juan Bay cruise ship terminals.
  • Representing P3A and the Puerto Rico Ports Authority in connection with the privatisation of all regional airports in Puerto Rico.
  • Representing RioBlanco Capital, a Puerto Rico-based private equity and real estate asset management firm, in the organisation of two opportunity zone funds and an international trampoline parks company.
  • Representing Biomass Green Fuels, a producer of recycled natural gas and CO2 from gases captured from landfills, on corporate, tax, permitting and environmental matters as well as energy regulation and financing of the project.


Since June 2019 Sanabria Bauermeister Garcia & Berio has operated under the name ECIJA SBGB; the merger between the local practice and international firm ECIJA created a law firm with substantial expertise in the infrastructure sector and a broad global reach. Coordinated by Fernando Berio and Jorge Fernandez-Reboredo, the corporate team is multi-disciplinary, covering financial law, real estate (especially pre-development activities), tax and, increasingly, corporate governance. Typical clients range from multinationals to start-ups and include private equity firms, commercial banks and government entities. In August 2020, the team expanded at the partnership level with the promotion of Alberto Añeses Negrón, who focuses on corporate governance and structuring.

Key clients

New Fortress Energy LLC

Luis A. Ayala Colón & Sucres., Inc.

McCormack Baron Salazar

Ad Practitioners LLC

Puerto Nuevo Terminals LLC

Santa Juanita Preservation, Inc.

Pontifical Catholic University Services Association, Inc.

Dorado Tech Park LLC

Banco Popular Puerto Rico –

Work highlights

  • Representing McCormack Baron Salazar in the Barrio Turabo revitalisation: a comprehensive transformation of a previously distressed and obsolete public housing site.
  • Advised New Fortress Energy on the execution of a fully committed $800m term loan facility provided by certain funds and accounts managed by affiliates of Apollo Global Management.
  • Providing an agreement between Luis A. Ayala Colon & Sucres and Puerto Rico Terminals to form Puerto Nuevo Terminals.

Estrella LLC

With wide-ranging expertise across the telecoms, oil, energy and retail sectors, Estrella LLC is regularly involved in a range of corporate matters, including transactions, due diligence, joint ventures and restructurings, as well as crisis management and corporate governance. Clients also benefit from the input of the firm's litigation lawyers. Practice leader Neysha Natal-Castro is an expert in M&A and tax, especially in the industrial, agricultural and tourism sectors. Managing partner Alberto Estrella is an acclaimed trial lawyer, who is sought after for his experience in commercial and contract disputes, federal law and litigation, and administrative, corporate and franchise law. The firm is part of the Meritas network, a global alliance of independent law firms. Mayra Artiles Fonseca is also noted.

Practice head(s):

Neysha Natal-Castro

Key clients

T-Mobile Puerto Rico, LLC

Puma Energy Caribe, LLC

Home Depot Puerto Rico, Inc.

Wal-Mart Puerto Rico, Inc.

Mentor Technical Group

COPA Airlines


Airport Shoppes & Hotels, Corp.

Surfside Hotel Corporation

Work highlights

  • Advising T-Mobile/Customers Bank in a matter involving the organisation of a mobile bank in Puerto Rico.
  • Represented Home Depot Puerto Rico in an internal restructuring.
  • Advised Mentor Technical Group on its corporate and business model.
  • Advised and represented TiX.By since its start-up phase. Participated in the negotiations, drafting, review and execution of several million-dollar contracts.

Vidal, Nieves & Bauzá, LLC

Vidal, Nieves & Bauzá, LLC has decades-long experience in the Puerto Rican commercial market. The group particularly stands out for its healthcare and energy practice, which derives from Pedro Vidal-Cordero's first-hand engagement in these sectors. The team often provides advice to pharmaceutical companies, distributors and facilities on licenses, contracts and compliance, and to project developers and institutional lenders in relation to energy projects and related matters. On the energy and environment front, Pedro Nieves-Miranda is the name to note. Arline Bauzá-Figueroa's practice concentrates on transactions for commercial banks, private equity funds, government financing entities and real estate developers.

Antonetti Montalvo & Ramírez-Coll

On the corporate and commercial side, Antonetti Montalvo & Ramírez-Coll concentrates on transactions, specialising in structured finance, M&A, securities, real estate and hospitality matters. Special counsel Ana del Toro-Sabater acts as underwriters’ counsel in many public finance transactions, and also advises on regulatory matters, including statement disclosure and investment company registrations.

Casillas Santiago & Torres LLC

The corporate law team at Casillas Santiago & Torres LLC is well equipped to advise companies from all sectors on their operations in Puerto Rico. This includes providing wide-ranging advice, from corporate governance to government affairs, M&A, IP, banking and financial deals. Luis Torres-Marrero chairs both the corporate and tax departments; he focuses primarily on corporate transactions, where he is specialised in structuring and negotiations, and can also assist with related tax matters. Miguel Santiago-Rivera brings employee benefit, real estate and employment law expertise, in addition to his corporate and tax practice. Both lawyers joined the firm from Fiddler, González & Rodríguez.

Practice head(s):

Luis Torres-Marrero

Meléndez Torres Law, PSC

Located in Hato Rey, Meléndez Torres Law, PSC has specialist skills in internal corporate investigations, litigation and white-collar defence. Insurance, commercial law and contracts are also areas of expertise, where Elsa Abreu and Isabel Lecompte-Shiba are the key contacts. The team has also attracted significant expertise in advisory work relating to conflicts of interest, and regulation in different fields. One example is securities and finance, where it acts for international brokerage firms and financial advisors.

Reichard & Escalera

Mid-market firm Reichard & Escalera provides full-service corporate advice, which includes coverage of, among other areas, M&A, antitrust, real estate, regulatory and advertising matters. The team also enjoys market recognition for its assistance in the development and construction of energy projects. Juan Carlos Méndez draws upon his prior experience as secretary of the treasury to handle cases involving bonds, fiscal, tax and financial issues; he acts as co-chair of the group together with Hector Reichard De Cardona.

Toro Colón Mullet, P.S.C.

Toro Colón Mullet, P.S.C. is a mid-sized firm with a broad practice. Its business, corporate, M&A and real estate team guides clients in agreements in relation to asset purchases, distribution, joint ventures, partnerships and shareholders. Leases, loans, buyouts, sales and acquisitions are also areas of strength. Entertainment is a sector in which the firm has a foothold and advises a number of multinational companies. A key figure in the department is José Toro-Morales, who is particularly active in real estate transactions and commercial leases. Before joining the firm, he was a partner at McConnell Valdés LLC.

Practice head(s):

José Toro-Morales

Coto & Associates

Coto & Associates was founded at the turn of the century by Ramón Coto-Ojeda, who had then concluded his fifteen-year long experience at McConnell Valdés LLC. His team, now counting two special counsels and three associates, assists local and international firms in warranty and product liability cases, enforcement proceedings and regulatory matters. Franchise law, IP and litigation are the main areas, which the team handles with particular success for clients in the retail, telecoms and food sectors.

Practice head(s):

Ramón Coto-Ojeda

Goldman Antonetti & Córdova

At Goldman Antonetti & Córdova, the corporate and banking team handles a broad spectrum of matters. Spanning M&A (one of Francisco Dox-Millán's main areas of focus) and joint ventures to contracts and agreements, the group can advise corporate entities throughout their whole life-cycle in Puerto Rico, from setting up and conducting operations to selling or restructuring. Of counsel Thelma Rivera chairs the department and covers infrastructure projects, PPPs and asset securitisation, among other areas.

Practice head(s):

Thelma Rivera

Jiménez Graffam & Lausell

Jiménez Graffam & Lausell's team handles corporate business and tax matters, with experience in all stages of doing business in Puerto Rico, from the establishment of an entity to day-to-day corporate and regulatory matters. Admiralty, maritime and transportation are industries in which the firm stands out, with past work including its advice to a client on the establishment of a commercial cargo shipping and logistics business. William Graffam handles cases of oil pollution, environmental damage and collision litigation, among other areas.

Nolla, Palou & Casellas, LLC

Nolla, Palou & Casellas, LLC assists clients in all proceedings concerning the structuring and organisation of limited liability partnerships and companies. The team is also involved in the drafting and negotiation of contracts, acquisitions, reorganisations and restructurings. Founding member Juan Casellas Rodríguez conducts audits and due diligence reviews and also provides compliance advice.