Ustáriz & Abogados Estudio Jurídico > Bogota, Colombia > Firm Profile

Ustáriz & Abogados Estudio Jurídico
CARRERA 11A # 96-51

Colombia > Capital markets Tier 2

Ustáriz & Abogados Estudio Jurídico’s strong regulatory credentials positions it as a leader for compliance matters in the capital markets space. The group is a popular choice to advise a mix of brokerage entities, financial institutions and trust companies on operational issues, audits and product development, among other matters. Luis Humberto Ustáriz has honed his industry expertise through in-house roles at various financial companies, including Corporación Financiera Colombiana, and co-heads the department alongside Jose Federico Ustáriz. Associate support is provided by senior Andrés Pineda, who has a marked focus on capital markets law; Pablo Valencia, who specialises in corporate and public contracts; and Manuel Antonio García, who is associate director of the risk practice. Since publication, Pineda has returned to the public sector at the Fondo Nacional de Garantías - effective as of November 2023.

Practice head(s):

Luis Humberto Ustáriz; Jose Federico Ustáriz


We value its availability to serve clients.

Its lawyers are open to listen to, and attend to, customer needs.’

‘The firm focuses on niche issues, which are hardly addressed by other firms. It seeks to be at the forefront in these areas.

The team does its job very well without asking for unnecessary things or burdening the client. Lawyers demonstrate great collaboration, compliance knowledge, and responsiveness.

Key clients

Citivalores Comisionista de Bolsa

Itaú Comisionista de Bolsa Colombia

Skandia Valores Comisionista de Bolsa

Casa de Bolsa Comisionista de Bolsa

BBVA Valores Comisionista Bolsa

Compass Group Comisionista de Bolsa

BBVA Asset Management

Valores Bancolombia Comisionista de Bolsa

Fiduciaria Bancolombia

Fiduciaria Popular

Alianza Valores

Larrain Vial Comisionista de Bolsa

Ashmore Colombia


Work highlights

  • Advised stockbroker Citivalores on regulatory and compliance issues.
  • Acted for Itaú Comisionista de Bolsa Colombia on compliance matters.
  • Advised Compass Group Comisionista de Bolsa on regulatory and compliance matters.

Colombia > Banking and finance Tier 3

Standing out for its ‘specialism and depth in financial matters’, Ustáriz & Abogados Estudio Jurídico is widely admired for is regulatory capability. Among its core strengths, the group shines in work involving banking responsibility, electronic fraud, fintech and International Swaps and Derivatives Association (ISDA) master agreements. However, the firm is arguably best known for its prominent consumer protection practice, with its key partners routinely appointed to serve as a Financial Consumer Ombudsman to promote conciliation processes between financial institutions and consumers. High-profile department co-head Luis Humberto Ustáriz is held up by sources as a ‘leader in the financial industry’; he recently advised the Agricultural Bank of Colombia on several ISDA master agreements. Jose Federico Ustáriz, who formerly served as in-house counsel at Corporación Financiera Colombiana, co-heads the group. Other key contacts include counsel Pablo Valencia, who is well versed in both corporate and finance matters, and Andrés Pineda, who is associate director of the capital markets unit.

Practice head(s):

Luis Humberto Ustáriz; José Federico Ustáriz


Ustáriz & Abogados Estudio Jurídico has many advantages over others due to its specialism and depth in financial matters. It has always been at the forefront of legislative developments.’

The team has become a specialist in handling financial litigation and in anticipating jurisprudential rulings. It is a true leader in the financial industry.’

‘The firm meets all the needs of a multinational client. It has a highly specialised team, with a lot of response capacity, its response times are excellent, and it has a highly competitive price/quality balance.’

‘It has a very good understanding of all the risks that affect a financial institution and its portfolio of services is super broad, including transactions in the stock market, financing, regulatory affairs, financial litigation, financial fraud, financial regulatory compliance and any matter you may need.’

Without a doubt, Luis Humberto Ustáriz is a leader in the financial industry, with the ability to contact regulators and with a reputation for being very serious and sharp in his opinions.’

Key clients

Banco Agrario de Colombia

Itaú Corpbanca Colombia

Banco GNB Sudameris

Caja de Auxilios y de Prestaciones de la Asociación Colombiana de Aviadores Civiles

Lulo Bank

Banco Mundo Mujer

Almacenes Generales de Depósito – Almaviva


Work highlights

  • Advised the Agricultural Bank of Colombia on several International Swaps and Derivatives Association (ISDA) master agreements.
  • Jose Federico Ustáriz was appointed as the Financial Consumer Ombudsman to support Itaú Corpbanca Colombia’s conciliation process with consumers.
  • Advised Caja de Auxilios y de Prestaciones de la Asociación Colombiana de Aviadores Civiles on negotiating an ISDA master agreement with Goldman Sachs International.

Dispute resolution > Litigation Tier 3

According to sources, Ustáriz & Abogados Estudio Jurídico’s team is the ‘most specialised in the country in financial, banking and insurance litigation’. The firm’s niche focus translates into an impressive client roster — primarily composed of banks, funds, and other fiduciary entities — which the ‘robust and well-trained’ group advises on a range of commercial, civil and administrative disputes. Department head and founding partner Luís Humberto Ustáriz is highly sought after for his industry expertise and the group also includes director of the litigation practice Angela Restrepo; together, clients praise the duo for their ‘rigorous advice, depth of analysis, and skills in managing legal defence’. Among Ustáriz’s recent cases, he represented Fiduciaria Bogotá, as the manager of Transatlántico Trust, before an administrative court in Villavicencio in its defence of a collective action. Co-founding partner Jose Federico Ustáriz is also an important resource due to his extensive experience in financial regulation.

Practice head(s):

Luis Humberto Ustáriz


A robust and well-trained team, especially in litigation related to consumer protection, securities markets, and contractual and non-contractual civil liability in financial and commercial law.’

‘Luís Humberto Ustáriz and Angela Restrepo stand out for their integrity, work spirit, rigorous advice, depth of analysis, and skills in managing legal defence. Luis Humberto is a recognised expert in financial law with extensive experience as a supervisor, and later as an advisor, which gives him an advantage.’ 

‘There is no firm that handles the volume of financial litigation that this firm handles, or that has its specialty in financial litigation, both consumer protection and major conflicts in banking and insurance matters. Nobody has as many prediction tools or artificial intelligence aids as this firm.’

‘This firm has a success rate of over 95%. And its team is the most specialised in the country in financial, banking and insurance litigation.’

Key clients

Banco Popular

Mundial de Seguros

Banco Davivienda

Financiera Juriscoop

Consorcio Beta Oil

Fiduciaria Bogotá

Banco Caja Social

Fiduciaria La Previsora

Fiduciaria Colpatria

Banco Finandina

Work highlights

  • Representing Fiduciaria Colpatria in all arbitration processes related to the Verano Mall real estate project.
  • Representing Banco Davivienda in different processes related to electronic fraud.
  • Representing Banco Agrario de Colombia in various contentious proceedings.

Attorneys Luis Humberto Ustáriz Gonzalez and Jose Federico Ustáriz Gonzalez, who have significant experience in legal advice to domestic and foreign companies, established Ustáriz & Abogados Estudio Jurídico in 2006.

The law firm was founded in the belief that a small group of responsible lawyers may provide legal services of the highest quality to customers. Therefore, the law firm provides personalized attention to its customers in order to meet their legal needs in a comprehensive, efficient and confidential manner.

The firm’s team of partners and lawyers are graduates from the most prestigious universities in Colombia and many hold postgraduate law degrees on the major legal areas in Colombia and abroad. They have acquired extensive experience to deal competently with the practice areas in which the law firm practices.

The firm is highly appreciated because of the wide experience of its partners and associates handling financial and capital markets issues as well as financial consumer protection and litigation cases.

Department Name Email Telephone
Partner Luis Humberto Ustáriz +57(601)6108161
Partner Jose Federico Ustáriz +57(601)6108161
Photo Name Position Profile
Jose Federico Ustáriz photo Mr Jose Federico Ustáriz Founding Partner
Luis Humberto Ustáriz photo Mr Luis Humberto Ustáriz Founding Partner
Pablo Valencia photo Mr Pablo Valencia Associate
Partners : 2
Associates : 4