Firms To Watch: Corporate and M&A

ESCG Abogados S.C. advises on local and global franchise agreements, dissolutions and liquidations, alongside exchange control schemes and M&A, operating in a broad field of industries including the telecoms, agriculture, food and real estate sectors.

Corporate and M&A in Venezuela


D'Empaire‘s corporate and M&A practice has a strong track record of participating in major transactions resulting from the dollarisation of the market in Venezuela. In addition, the firm frequently collaborates with international law firms to advise global clients on cross-border transactions. Fulvio Italiani heads the team and is an experienced practitioner in M&A; his recent work highlights include assisting Brown-Forman with its acquisition of the Diplomático Rum brand and related assets. José Humberto Frías, Victorino MárquezRoberto Mas and Inés Parra are active transactional lawyers, while Carlos Omaña has notable expertise in acquisitions in the onshore oil drilling sector. Associate Giancarlo Carrazza provides key support.

Practice head(s):

Fulvio Italiani


‘They are a very practical team. They always provide more than one solution to the problems that arise.’

‘They have close relationships to their clients, and understand the operation of their companies before issuing an opinion or proposing alternatives.’

‘It is a firm with solid practice. Its relationships and knowledge of the local environment make it unique.’

‘Strategic thinking and proposal of innovative solutions.’

Inés Parra is very attentive and pragmatic in her communication with the client. She has very good response times.

Fulvio Italiani is responsive, proactive, thinks outside the box and is a problem solver.

Key clients

Brown-Forman Corporation

KCA Deutag

Calox International

TI Sparkle Venezuela

V6 Holdings

Grupo Fivenca

Aspen Technology

Paradigm Geophysical de Venezuela

Bristol-Myers de Venezuela

Swiss Reinsurance

Work highlights

  • Assisted Brown-Forman with its $725m acquisition of the Diplomático Rum brand and related assets.
  • Acting as Venezuelan counsel to KCA Deutag on its acquisition of Saipem’s onshore drilling business.
  • Assisting Calox with its acquisition of Pfizer’s Venezuelan assets.


Dentons advises a diverse portfolio of international and local clients from industries including pharmaceuticals and oil and gas. The firm is frequently engaged on M&A mandates, particularly international deals; most recently its workload has included matters relating to cryptocurrencies and streaming services. At the head of the practice, Sergio Casinelli, Rubén Eduardo LujánDaniela Jaimes and Natalija Vojvodic advise on a range of transactional matters, including M&A, spin-offs and reorganisations of Venezuelan companies, in addition to assisting with commercial agreements and the incorporation, operation and liquidation of corporations.

Practice head(s):

Sergio Casinelli; Daniela Jaimes; Rubén Eduardo Luján; Natalija Vojvodic


Daniela Jaimes provides straightforward assistance, acting in a pragmatic and practical way.

The practice has supported us over many years with excellent advice and great commitment in all relevant areas of corporate law.

Sergio Casinelli stands out for his outstanding expertise, incredible commitment and knowledge.

Key clients

China National Petroleum Corporation (CNPC)


Chemical Dampe

Compañía General de Combustibles


Lega has a strong presence in the corporate and M&A market in Venezuela, providing a full-service offering in the field of cross-border and domestic M&A from its offices in Caracas, Valencia, Maracaibo and Barquisimeto. Pedro Urdaneta, whose expertise includes private equity matters and transactions in the cryptocurrency space, co-heads the team with Luis Eduardo López Durán, who is active in corporate matters in the pharmaceuticals and life sciences sector. José Alberto Ramírez specialises in transactions involving the energy and natural resources sectors, and Elias Tarbay regularly advises on M&A and commercial contracts.

Practice head(s):

Pedro Urdaneta; Luis Eduardo López Durán


The advice received from the firm demonstrates a high level of knowledge about the current dynamics and particularities of the Venezuelan environment, which is of great added value for decision making.

It is a law firm that provides exceptional, quality service to its clients, with an efficient way of working.

Pedro Urdaneta always attend to clients in a punctual and opportune manner.

Key clients



MercadoLibre Venezuela

Coca-Cola Femsa

The Bank of Nova Scotia (Scotiabank)

Motorola Mobility






Work highlights

  • Assisted Scotiabank in the planning and execution of the sale of its interest in Venezuelan bank Bancaribe, as well as its interest in Bancaribe Curacao.
  • Assisting Rolex in the process of winding up its operations in Venezuela, which involves the termination of the distribution agreements that the Venezuelan company had with its resellers in the country.
  • Assisted Parmalat’s local subsidiary with several corporate matters, including a corporate restructuring.

Altum Abogados, S.C.

Altum Abogados, S.C. advises multinational and local corporations on corporate transactions, with specialisms in the incorporation of Venezuelan entities and the operation of businesses under Venezuelan law. Leading the practice, María Eugenia Reyes focuses on the design and implementation of efficient asset-holding structures and on advising companies on shareholders’ agreements; Álvaro Posada Sessarego has experience in cross-border corporate transactions, alongside the design and implementation of strategies for local companies to expand to other countries; and Alfonso Porras Machado has expertise in M&A and corporate finance. Associate Froila Eugenia Pimental provides capable support.

Practice head(s):

María Eugenia Reyes; Álvaro Posada Sessarego; Alfonso Porras Machado


Personalised service. Clear understanding of the company, the management and its shareholders, and the business environment, which allows them to provide tailored support with good judgement and common sense. They are aligned with our team in terms of values ​​and the way of solving problems.

I have worked closely with Alfonso Porras and Froila Pimentel. Extraordinary people and always available to help.


Araquereyna works with leading domestic and international firms to advise on the Venezuelan law aspects of corporate matters in sectors ranging from crypto to insurance. The firm also has a focus on advising entrepreneurs in Venezuela on corporate and regulatory matters related to the formalisation of their ventures, providing support through its in-house Araquereyna WithU software. Manuel Reyna, whose experience includes corporate reorganisations and the liquidation of local subsidiaries, real estate expert Maripi Viso and Pedro Sosa lead the team. Juan José Figueroa, Federica Mena and associate Estefanía Lizardo are also key contacts.

Practice head(s):

Manuel Reyna; Maripi Viso; Pedro Sosa


Araquereyna is one of the most prestigious law firms in Venezuela. We would like to highlight the integrity of those who assist us and their support in specialised issues.

It is a multidisciplinary law firm with more than 30 years in the Venezuelan legal market, with senior lawyers with extensive experience and new talents in training. Juan José Figueroa has very practical knowledge, with a good sense of customer service and immediate responses.

Araquereyna’s corporate team is made up of a very solid group of lawyers. Our many years of experience with the team gives us absolute confidence in their judgement and ability, not only to handle cases in their areas of specialty, but also in their ability to coordinate with teams in different areas of law. One of the characteristics that we observe, not only in the partners at Araquereyna, but also in its associates, is their commitment and permanent availability that we have received at all times.

Key clients

General Motors

Universal Music

Mattel Mexico

Cable & Wireless

Turkish Airlines

Domino’s Pizza Venezuela

Pering Group


Pizzolante Comunicación Estratégica

Instituto de Estudios Superiores de Administración (IESA)

Work highlights

  • Advising Dragados on minimising the operations of its subsidiary in Venezuela.
  • Advised Universal Music on the corporate restructuring of its subsidiaries in Venezuela.
  • Advising Domino’s Pizza on the restructuring of two entities that are shareholders of its master franchise agreement in Venezuela.

Baker & McKenzie, S.C.

Baker & McKenzie, S.C.‘s practice centres on M&A, including due diligence, corporate and tax structuring, and post-acquisition integrations. The team also advises multinational and domestic clients on divestments and corporate reorganisations, working closely with the firm's finance and tax departments, and is well versed in cross-border matters, thanks to its global network. Practice head Jesús Dávila advises companies on corporate matters including takeovers and joint ventures. Support is provided by senior associates Adriana Gonçalves, whose areas of expertise include M&A, private equity, antitrust and compliance, and Jesús Villegas, and associate Marie Roschelle Quintero.

Practice head(s):

Jesús Dávila


In-depth knowledge of the local market and practices. Hands-on experience combined with global standards.

Responsive, happy to provide additional explanations as needed, and flexible in terms of adjusting to our requirements, demonstrating understanding of our unique circumstances and needs.

Key clients

Nielsen Distillers United Group

Mitsubishi Materials Corporation

Minera Loma de Níquel (Anglo American)


Novo Nordisk Farmacêutica do Brasil

The Church of Jesus Christ of Latter-Day Saints


Work highlights

  • Represented Distillers United Group in the sale of super-premium Venezuelan rum brand Diplomático to Brown-Forman.

InterJuris Abogados

InterJuris Abogados fields a full-service corporate practice from its offices in Venezuela, Miami and Madrid, advising on M&A, divestitures, corporate restructurings and joint ventures in major industries. The firm also handles non-transactional corporate matters and foreign investments. Carlos Delgado advises on shareholders’ agreements, strategic alliances and joint ventures, alongside public M&A and reorganisations; María Cecilia Rachadell focuses on the corporate, contractual and regulatory aspects of businesses operating in Venezuela and internationally; and Juan José Delgado advises local and multinational corporations on corporate matters and tax-efficient operations in Venezuela. María Leticia Perera is also noted.

Practice head(s):

Juan José Delgado; Maria Cecilia Rachadell; Carlos Delgado


The InterJuris team complement each other greatly. On several occasions we have met with many different people from the team, and each one has something different to contribute to the conversations. They are extremely versatile and each one understands perfectly well when the opinion of their peers can complement them.

I am very happy with the service provided over the years, not only by the firm, but by the team of lawyers who always go above and beyond for us as clients. I would definitely recommend them to other companies. They are always available when we need them, providing us with the best and most timely recommendations to move forward. Their technical and business knowledge make them unique as they have a 360-degree vision of the market and the sector in which we operate.

They have always provided exceptional, accurate and timely legal advice. The team makes the firm a key ally for our business.

Key clients

Sony de Venezuela

CYBS Consultants

Team Remoto/Women on the Stage



Cunapro Financial Services







Sindoni North America


Hewlett Packard Enterprise (HPE)

Work highlights

  • Advised Venezuelan baseball team Tiburones de La Guaira on the negotiation and drafting of documents regarding the sale of the team.
  • Assisted Suni Wallet with the constitution of a Panamanian entity.
  • Assisted Pandora with the incorporation of a new franchise in Venezuela.

Mendoza, Palacios, Acedo, Borjas, Paez Pumar & Cia.

Mendoza, Palacios, Acedo, Borjas, Paez Pumar & Cia.‘s corporate practice spans M&A, foreign investment, corporate governance and exchange controls, with clients including national and international companies. The team also frequently acts alongside international firms to assist in cross-border transactions and with clients operations in Venezuela. The team is led by Manuel Acedo Sucre, who handles corporate finance, M&A and international organisation; Luisa Acedo who advises on corporate governance and international structuring; and Diego Lepervanche, who assists with M&A, foreign investment and private equity matters. Carlos Eduardo Acedo and associate Francesca Rigio are also noted. The practice was significantly bolstered in early 2023 by the arrivals of René Lepervanche Orellana and César Lepervanche Mendoza from Tinoco, Travieso, Planchart & Núñez.

Practice head(s):

Luisa Acedo; Manuel Acedo Sucre; Diego Lepervanche

Key clients

Miranda Capital Partners

The Coca-Cola Company (Coca-Cola Servicios de Venezuela)

Grupo Orbis (Corporación Grupo Químico, Proninsa and Intequim)

Solsica Corporation

DHL Global Forwarding

MSD Pharmaceutical

Engelberg International Transport (ENTRA)

La Encantada Corporation

Münchener de Venezuela

Perret Group

Work highlights

  • Providing general corporate assistance to international companies and their local subsidiaries, including Coca-Cola, MSD Pharmaceuticals and DHL Global Forwarding.
  • Handling M&A transactions for various clients, including Miranda Capital Partners.
  • Advising Grupo Perret and Grupo Austral on all corporate issues relating to the award-winning Torre Cinética construction project in Caracas.

Ponte Andrade & Casanova

Ponte Andrade & Casanova has a full-service corporate offering which ranges from restructurings to the review of corporate policies. Its broad client base includes banks, insurance companies, entrepreneurial organisations and the Venezuelan-American Chamber of Commerce. Ramón Andrade Mongas, who rejoined the firm from an in-house role in January 2023 and is highly experienced in M&A, joint ventures and antitrust issues, managing partner Ignacio Andrade Monagas, a key contact in the technology, e-commerce and digital space, and Francisco Casanova lead the department. Associate Ignacio Andrade Cifuentes is noted for his corporate, commercial, tax and regulatory expertise.

Practice head(s):

Ramón Andrade Monagas; Ignacio Andrade Monagas; Francisco Casanova


The Ponte Andrade & Casanova team is extremely attentive, gives very prompt and thorough answers, and has a great ability to explain complicated matters in simple and easy-to-understand terms. Their service is also quite personalised and they attend to us without a problem during and after working hours.

There are several aspects that make them stand out. They have specialists in various practice areas and I can say with certainty that their partners and associates are fully trained to handle any matter that comes their way. Ponte Andrade & Casanova offers an in-depth and personalised service, which, based on our previous experiences, is not usually the case with other firms. Also, their response times are fast. Another point that is worth noting is that the fees have a good relationship with the value that the firm adds and, in addition, they adapt to what we really need, which is difficult to find in other firms.

Ignacio Andrade Monagas, Ramón Andrade Monagas, Francisco Casanova and Ignacio Andrade Cifuentes are all extraordinary lawyers and professionals. They are very knowledgeable about their subject, very attentive and, most importantly, very good people.

Key clients

The Walt Disney Company

Hyland Software

Norton Rose Fulbright

Dell Technologies

AseguraPro, Sociedad de Corretaje de Seguros

Carelife Venezuela


Zippi Market

Snacks La Encantada

Comunidad 1001 Ideas para mi país

Bk2 Foundation

Centro Integral de Ontología (CIO)

Inversiones Dagaraco

SC Johnson & Son de Venezuela

ZEA BBDO Venezuela (BBDO Worldwide)

Inversiones Tegnaval

Proyecto Gotas

Campamento Terecay

CREG Consulting

Unidad de Medicina Interna Ambulatoria (UMIA)

Work highlights

  • Assisting the Walt Disney Company with the liquidation process of its 21st Century Fox-related entity (now called TFCF Channels Venezuela), which was required after the $71.3bn global acquisition of 21st Century Fox by Disney.
  • Acting as coordinating regional counsel to Hyland Software on the negotiation of key licensing agreements for its proprietary software with high-profile financial institutions and other customers in Colombia.
  • Advising Zippi Market, a start-up digital intermediation platform, on setting up operations.

Torres, Plaz & Araujo

Torres, Plaz & Araujo assists with contractual, commercial, corporate and foreign investment matters, and is experienced in both national and multi-jurisdictional transactions. Guillermo De La Rosa Stolk advises on the negotiation of national and international M&A and joint ventures, while Juan Carlos Garantón-Blanco focuses his corporate practice on the energy field, having advised on Venezuelan oil, gas and petrochemicals-related projects, and Valentina Cabrera Medina handles restructuring and M&A, with an emphasis on the energy, construction, and food and beverage industries. Domingo Piscitelli Nevola and José Antonio De Sousa, who was promoted to the position of junior partner in December 2022, are also noted.

Practice head(s):

Guillermo de la Rosa Stolk; Juan Carlos Garantón-Blanco; Valentina Cabrera Medina


The Torres, Plaz & Araujo team is made up of excellent professionals.

Guillermo De La Rosa Stolk is a great professional and adviser, with moral values, transparency and trustworthiness.

Key clients

AG Processing

Angloamerican Group

BP Group

Calox International


Distribuidora Petrolera Alvarez (Dispalsa)

Endava Group


FY Group

Laminados Innovadores (Laminova)


Marítima Altair

Rodrigo Elias Medrano

Mocasa/Pastas Allegri

Seaport Agencies Group of Companies (International Shipping Agency Group)


Work highlights

  • Advising Anglo American on its corporate and financing structure in Venezuela.
  • Advised Calox International on the cross-border restructuring of the company’s assets located in Venezuela and various countries in Central America.
  • Assisted BP Exploracion de Venezuela on its corporate and finance structure and eventual wind-up of entities.

Travieso Evans Arria Rengel & Paz

Travieso Evans Arria Rengel & Paz advises multinational clients from a broad range of industry sectors, including energy, media, technology, infrastructure, real estate and pharmaceuticals. The firm has expertise in M&A, with a specialisation in the acquisition of businesses in Venezuela by foreign investors, and as a result is well versed in simultaneous acquisitions in different countries across South America. US-based Olga Nass De Massiani co-heads the practice with Simón Guevara Camacho, who routinely provides advice to national and multinational companies on corporate and energy matters. Daniela Del Vecchio assists with M&A and exchange control matters for clients across various industries including food and pharmaceuticals. Hans Sydow Guevara and associate Joseth Nathaniel Almea González are also key contacts.

Practice head(s):

Olga Nass de Massiani; Simón Guevara Camacho


The team understands the technical issues but is also sensitive about business concerns and its ethical standards are aligned with ours.

Work highlights

  • Advised Avon Cosmetics de Venezuela on the negotiation and sale of the company.
  • Advised Atlas Copco Venezuela on all of the company’s capital stock increase matters.


BNM ONTIER benefits from the support of its office in Madrid when advising international clients, but has also expanded its client base to include local distribution companies. The team is focused on transactional work, particularly M&A. José Rafael Bermúdez, who specialises in M&A and contractual matters in the oil, petrochemical and power generation industries, and Carlos Nevett Gimón, who is experienced in joint ventures, M&A and foreign investments.

Practice head(s):

José Rafael Bermúdez; Carlos Nevett Gimón


Their firm has a very compact, very strong and specialised group, and stands out among other law firms in Caracas.

They are skilled and very efficient. Their advice in local matters is given with an international perspective and experience. Top talent.

Diverse experience and creative problem solving leads to practical solutions time and time again.

LEC Abogados

The corporate and M&A team at LEC Abogados is led by Jorge Paúl and Rodolfo Belloso, who advises on corporate structuring, regulatory analysis and foreign investment for both domestic and international clients. Gastón Lazzari draws on his M&A and corporate experience to act as legal counsel to major clients including Chevron. Associates Arturo Jáuregui and Ivanna Blanco Mendoza are also key contacts in the team.

Practice head(s):

Jorge Paúl; Rodolfo Belloso

Palacios, Torres & Korody

Palacios, Torres & Korody is particularly experienced in advising major local and international clients within the petrochemicals, telecoms and mining sectors. Carlos Plaza, who is well versed in M&A, asset sales and joint ventures, particularly in the mining space, co-heads the team with Juan Korody, who focuses on structuring foreign investments. Juan Andrés Velutini is also a notable contact for corporate and tax matters.

Practice head(s):

Carlos Plaza; Juan Korody


The team has extensive experience and knowledge in various areas of law. They have demonstrated a deep understanding of the laws and regulations relevant to our company, which is crucial to providing sound and reliable legal advice. Additionally, the team stands out for its customer-centric approach. They have demonstrated a great willingness to listen to our specific needs and goals, adapting their approach and legal strategies accordingly.

The team’s ability to understand our business operations and offer customised legal solutions has been invaluable to us. I also want to highlight its focus on technology and collaboration. They have implemented advanced tools and systems that have significantly improved efficiency in case management and communication with our internal team. This has allowed us to obtain faster and more accurate responses, as well as more effective monitoring of ongoing cases.

Firstly, their in-depth knowledge and experience in their respective areas of strength makes them experts in their fields. Each of the PTCK attorneys has demonstrated a high level of competence and dedication to their work, allowing them to provide quality legal advice and effective strategies.

Key clients

Schlumberger Venezuela

Grupo Falabella

Person to Person Análisis

Soluciones Summabit

C.A. Telares de Palo Grande

Corporación Digitel

Procter & Gamble Venezuela


TG Latam

Work highlights

  • Advised Schlumberger Venezuela on corporate, fiscal, regulatory and investment protection matters relating to the corporate restructuring of its subsidiaries and interests in Venezuela.
  • Advising Grupo Falabella on the dissolution of its Venezuelan entity.
  • Advising Summabit on the regulatory framework applicable to the sale and distribution of point of sale terminals, under Venezuelan banking and consumer protection law.

Raffalli de Lemos Halvorssen Ortega y Ortiz

Raffalli de Lemos Halvorssen Ortega y Ortiz assists with a broad range of corporate matters, from commercial activities and contracts to the registration of companies with all public bodies and the drafting of shareholders' agreements. Andrés Luis Halvorssen, Jose Manuel Ortega Sosa, Rafael De Lemos Matheus and Andrea Rondon are all noteworthy names within the corporate law team.

Rodríguez & Mendoza

Rodríguez & Mendoza's corporate practice covers advising national and international corporations on day-to-day issues, such as the preparation and registration of corporate documents, and on M&A transactions. Francisco Utrera is focused on corporate, antitrust and M&A matters, while Reinaldo Hellmund and Cristóbal Mendoza are also key contacts.

Tinoco, Travieso, Planchart & Núñez

Tinoco, Travieso, Planchart & Núñez fields teams from its offices in Caracas and Puerto Ordaz, advising on the preparation of documentation, the purchase and sale of assets and equities, restructurings and M&A, as well as foreign investments.