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Banking and finance
Banking and finance - ranked: tier 2


Garrigues’ clients appreciate an ‘excellent’ service which brings ‘personal attention and specific knowledge about means of payment’. A former director general of financial regulation at the Ministry of the Economy (MHCP) as well as financial superintendent, former of counsel, now partner Roberto Borras leads the practice. He and counsel Camilo Gantiva, are both ‘highly competent with a good relationship with the regulators, and with a good capacity to understand customer needs’. The team assisted Alpha Holding with the local guarantees and regulatory issues related to the company’s $300m bond issue. Principal associate Francisco Noguera advised a syndicate of lenders (Compartimento Deuda Privada Infraestructura Privada I del FCP 4G, Credicorp Capital–Sura Asset Management, Banco Davivienda and Banco de Bogotá) on the $900m project financing for the Coviandina PPP toll road project for the third stretch of the Bogotá-Villavicencio highway.

Next generation lawyers

Camilo Gantiva - Garrigues

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Competition and antitrust
Competition and antitrust - ranked: tier 3


Garrigues offers an ‘outstanding’ and ‘excellent’ service, participating both in high-profile cartel cases and merger control filings. Former head of the SIC José Miguel De La Calle, whose background ‘makes him a key player for the execution of the work’ heads the practice. The six-lawyer team advised AT&T on the merger control procedure in Colombia regarding its acquisition of Time Warner; and also represented Gravicon in an administrative investigation initiated by the SIC against several companies concerning an alleged price-fixing cartel in the supply market for stone and sand in the construction of infrastructure for Ecopetrol, the government entity for fuel and petrol exploitation.

Leading individuals

José Miguel De La Calle - Garrigues

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Corporate and M&A
Corporate and M&A - ranked: tier 3


Garrigues receives praise for its multidisciplinary focus and expertise, providing specialised and comprehensive advice on M&A deals and joint venture transactions. The ‘strongly recommended’ Ignacio Londoño advised Ufinet Telecom on its acquisition of managed network and cloud solutions provider, IFX Networks. The firm boosted its team with the incorporation of Andrés Ordóñez, as counsel, from Willkie Farr & Gallagher LLP, Diana Guevara, from Gómez-Pinzón Abogados (GPA), as senior associate, and Paola Valderrama as associate, but lost Felipe Quintero to DLA Piper Martinez Beltrán. Other clients include China Harbour Engineering Company, Bain Capital Private Equity, Lafarge, Eiffage, Prosegur, Grupo Prisa, and OHL.

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International trade and customs
International trade and customs - ranked: tier 3


Garrigues’ practice specialises in customs controversies and free trade zone qualifications as well as providing support on customs and international trade contingencies during due diligences for high-profile transactions. César Cermeño leads the team, which has been strengthened with the arrival of associates Monica Sarmiento from the Venezuelan Customs Authority, and María Paz Arroyave. Recent mandates include the constitution of two Free Trade Zones and the relocation of one of them. The team also assisted Altra Investments and Mercantil Colpatria on the customs issues related to an investment made in Panama-based Reve Group to inject capital into the group’s subsidiaries Mercadería and Bakery Business International.

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Labour and employment
Labour and employment - ranked: tier 6


Garrigues established its labour department in 2016 with compliance and litigation as its core focus areas. The practice, which delivers a ‘good service’ in terms of ‘time-response and knowledge’, is led by senior associate Carlos Silva and is assisting an international construction company with post-project layoffs. Ignacio Londoño is also noted. Toxement, Rizzani de Eccher Spa and Oficina de Cooperación Universitaria Colombia are all active clients.

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Projects - ranked: tier 3


Widely recommended, Garrigues’s team is praised as having ‘availability and the capacity of understanding the project’s concerns’ as well as ‘always providing clear advice and effective solutions’. Omar Martinez, has ‘extensive knowledge’ in the infrastructure sector, as does recommended principal associate Francisco Noguera, who are the key names for project finance along with Ignacio Londoño. The department, which was strengthened with the arrivals of Andrés Ordoñez as counsel, and Natalia Auli as senior associate, is currently advising Financiera de Desarrollo Nacional and Empresa Metro de Bogotá on structuring the financing of the first line of Bogota’s planned metro. Other highlights for 2017 included on-going advice to China Harbour Company regarding the development of the Autopista al Mar 2, a $517m 4G project. Clients include Fondo de Deuda Senior para Infraestructura en Colombia CAF-AM Ashmore, Banco Davivienda, BlackRock and Financiera de Desarrollo Nacional.

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Tax - ranked: tier 3


Clients value the international aspect of Garrigues’ operation, noting that the firm offers a ‘full package’ that ‘makes easier all the process of designing and defining tax strategies for different jurisdictions’. Fernando Zarama co-leads the practice with Camilo Zarama, who has ‘a great experience in transnational tax matters’ and is ‘very accurate, patient’ and ‘a very good strategist’ who is ‘always available’. The team is representing state entity Fondo Financiero de Proyectos de Desarrollo (FONADE), in a $36m lawsuit against the Colombian Tax Administration (DIAN) regarding a dispute over the Fund’s income tax return. Handling both advisory and litigious matters, counsel César Cermeño is also noted. Clients includes AXA Seguros, Prosegur, Avianca and British American Tobacco.

Leading individuals

Fernando Zarama - Garrigues

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Colombia: Dispute resolution

Dispute resolution: Arbitration - ranked: tier 5


Garrigues is representing Frontera, Colombia’s largest private oil and gas company, in a construction arbitration dispute valued at $5m brought by a former contractor. José Miguel De La Calle and Alberto Acevedo lead the practice, which obtained a favourable resolution for Tradeco in a $100m domestic construction arbitration; and also achieved a win in ICC arbitration on behalf of a vehicle manufacturer in an alleged unlawful termination of a concession agreement.

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Dispute resolution: Litigation - ranked: tier 2


Garrigues’ eight-strong practice has niche specializations in unlawful competition disputes and bankruptcy proceedings. The team co-led by José Miguel De La Calle and Alberto Acevedo represented Prosegur in an unlawful competition claim filed by its main competitor in Colombia alleging violations of the private security regime. The firm also acts in real estate litigation and was retained by Old Mutual, which has several disputes with tenants. Other clients include Emgesa, Colombian subsidiary of Enel, Linde Colombia and Alcatel Lucent Submarine Networks.

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Further information on Garrigues

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Legal Developments by:


    On June 17, 2010, following a rough and eventful passage through Parliament, the Lower House of the Spanish Parliament finally approved a transcendental amendment to the Spanish Corporations Law (to article 105.2) affecting only listed corporations: a prohibition on voting ceilings for a same shareholder (or companies in the same group), regardless of the number of shares they own. 
    - Garrigues

Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
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