Arias > Guatemala, Guatemala > Firm Profile
DIAGONAL 6 10-01 ZONA 10
CENTRO GERENCIAL LAS MARGARITAS TORRE II, OFICINA 402 B
GUATEMALA CITY, GUATEMALA C A
Arias > The Legal 500 RankingsArias handles a wide range of financial transactions, spanning real estate finance, corporate finance and the financing of large-scale energy and infrastructure projects. It has recently been particularly active advising global development institutions on loans to local banks intended to support the SME sector in Guatemala during the pandemic. Cross-border financing is a key area of expertise, with the team regularly drawing on the support of the regional firm’s other offices in Central America, as is financial regulation, particularly fintech matters. Senior partner Jorge Luis Arenales, who has extensive experience in trade finance, project finance and corporate lending, leads the team with the ‘attentive and prompt‘ Luis Pedro Del Valle. The strong cohort of associates includes Cindy Arrivillaga, who has particular strength in international transactions. Since publication, Arrivillaga has been raised to senior associate - effective as of March 2022.
Jorge Luis Arenales; Luis Pedro del Valle
‘They are aware of the technicalities of local financial law and have an accurate understanding of Central Bank and stock exchange regulations.’
‘The global structure of the firm means it can provide thorough advice in cross-border transactions, with an understanding of all the risks and the impact on other countries in the region.’
‘Very quick response times and pragmatic solutions.’
‘Luis Pedro Del Valle is extremely capable of working with both internal and external counsels from New York, and finding solutions to complement NY law documents with Guatemala law ancillary documents. Client service is superb.’
‘Solid and reliable.’
‘Luis Pedro del Valle is attentive and prompt.’
Banco de Desarrollo Rural
The OPEC Fund for International Development
Inter-American Investment Corporation (IDB Invest)
Oikocredit Ecumenical Development Co-operative Society
Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO)
Cargill Financial Services
Foreign Trade Bank of Latin America (Bladex)
United States International Development Finance Corporation (DFC)
International Finance Corporation (IFC)
Catholic Relief Services
The Bank of Nova Scotia
- Advised IDB Invest on a $100m loan to Banco de América Central, intended to increase access to financing for SMEs in Guatemala and contribute to the recovery of sectors most affected by Covid-19.
- Advised the IFC on a $20m loan to Banco Agromercantil de Guatemala (BAM), as part of the IFC’s global Covid-19 response to support the SME sector.
- Assisted Banco de Desarrollo Rural with the selection of host of systems and platforms from technology vendor Oracle.
Jorge Luis Arenales; Luis Pedro del Valle
‘The quality of their work was very good and they were very efficient. The calendar of the transaction was very demanding and many other jurisdictions were involved in the same deal, and their delivery was very good.’
‘Luis Pedro del Valle stands out for the quality of his work, punctual delivery and compliance with deadlines.’
‘A very good team that is very specialised and experienced.’
‘All the members of the team are good. They work with a sense of urgency and are focused on providing a good service.’
‘Arias provides a firm with a variety of legal expertise. We have been able to receive advice on different issues inside the same firm.’
‘I have worked with Jorge Luis Arenales, who I find always available to answer questions regarding corporate issues in Guatemala. His responses are always prompt and thorough.’
Fyffes’ subsidiary in Guatemala (High Q International)
Empresas Públicas de Medellín
Johnson & Johnson
Cable & Wireless
The Church of Jesus Christ of Latter-day Saints
- Acting as local counsel to delivery platform Delivery Hero on the €230m acquisition of Spanish app Glovo’s operations in Latin America.
- Advised screening services company S2 Global on the corporate structure of its local subsidiary prior to its participation in the public procurement process in Guatemala for the provision of non-intrusive scanning services at the port of Santo Tomás de Castilla.
- Advising Guatemalan real estate developer Grupo HPB on the structuring of an innovative ownership model.
Mario René Archila Cruz
‘The team led by Mario Archila has great experience in taking on cases like ours, as well as understanding of the jurisdiction and court practice. Likewise, it has a great knowledge of the internal functioning of companies such as ours, which means their work and research is always well directed and saves time and effort.’
‘Mario Archila has excellent legal training, great experience in international arbitration, and a personal and empathetic attitude to clients.’
Guatemala > Labour Tier 1Highlighted for its ‘expertise in labour matters‘, Arias has recently been particularly active in advising clients on labour issues relating to the Covid-19 pandemic, including reorganisations, remote working policies, the termination or suspension of employment contracts, and compliance with the changing government regulations. The team has also seen an increase in work advising clients on internal and Ministry of Labour and Social Security inspections, and on immigration issues including the hiring of foreign employees. Assisting with the labour and regulatory side of large-scale M&A transactions, including multi-jurisdictional matters, is another area of strength. Managing partner Liz Gordillo, described as ‘one of the best labour lawyers in the region‘, leads the team. She receives strong support from senior associates Rosa María Arenales, who regularly advises on compliance with labour policies and on resolving labour disputes, and María Elena Barrientos, who is experienced in occupational health and safety issues. Since publication, Arenales has been promoted to the partnership - effective January 2022.
‘The firm stands out for its knowledge of labour laws and their application. What is valuable is that they explain to us all the different risks that we may face, depending on which strategy we are considering.’
‘What sets Arias apart is its knowledge and expertise in labour matters. I believe that the firm has one of the best labour lawyers in the region in Liz Gordillo.’
‘They have specialised knowledge, which is very important for us because, as a global company, we must align the different local practices to the internal policies of the company. Labour matters in Latin America are complex, and specialisation is required.’
‘A local firm with a focus on global companies.’
TFCF International Channels (previously FOX) / Disney
The Church of Jesus Christ of Latter-day Saints
Johnson & Johnson
International Development Bank
- Advised Delivery Hero on the employment aspects of its acquisition of Glovo’s operations in Latin America.
- Advised numerous multinationals on complying with regulations issued by the Guatemalan government during the Covid-19 pandemic, including in relation to the suspension of employment and modifications to working conditions.
- Advised VXI Global on developing a policy to regulate the remote working of employees in its call centre operations in Guatemala.
Procter & Gamble
US Dairy Export Council
Philip Morris Products
Lorenzetti S/A Industrias Brasileiras Electrometalúrgicas
Boehringer Ingelheim International
- Representing the US Dairy Export Council in the defence of a claim brought by the European Union, challenging a resolution of the Ministry of the Economy which grants protection to the appellation of origin “Parmigiano-Reggiano” but declares the name “Parmesan” to be generic.
- Acting for Industrias Sol in a dispute with a trade mark squatter which tried to register the trade mark “Sol”.
- Defending Argentina wine producer Federación de Cooperativas Vitivinícolas Argentinas (Fecovita) against an opposition to its registration of the trade mark “Bodega Toro Centenario”, filed by Spanish company Miguel Torres based on the trade mark “Sangre de Toro”.
Guatemala > Tax Tier 2Arias has been particularly active recently advising on customs tax issues, as well as advising technology companies on the growing area of digital services taxation. The team acts primarily for multinationals operating in Central America, often advising on cross-border issues alongside the firm’s other offices in the region; its areas of strength include the retail, oil and gas, logistics and BPO sectors. In addition, the team advises on the tax aspects of financial, M&A and real estate transactions and draws on its strong litigation department to handle tax disputes. An increasingly established figure, practice head Ximena Tercero is experienced in transfer pricing and international trade matters, and is a key member of the firm’s pro bono practice. Associate Elisa Lacs is noted for her customs law expertise.
Arias has maintained its strong regional presence following the split of leading Central American firm Arias & Muñoz in 2016, and retains offices in all six countries in the region. It is highly active in multi-jurisdictional transactions, including large-scale M&A and financings, acting for leading international clients from a wide range of sectors. On the corporate side, the firm also advises on group reorganisations and investments into the region by international companies. In addition, it is well versed in debt restructuring, project finance and financial regulation. In El Salvador, the standout names for corporate and finance work include Lilian Arias and Roberta Gallardo, who heads the M&A practice. In Guatemala, Jorge Luis Arenales is highly experienced in both corporate and finance matters, particularly in highly regulated sectors, while Evangelina Lardizabal, who has significant M&A and project finance expertise, is the key contact in Honduras. Vicente Lines leads the banking and finance practice in Costa Rica, where Melania Dittel is well regarded for corporate matters. Bertha Argüello and Ana Teresa Rizo, an expert in foreign investment matters, are the names to note in Nicaragua. In Panama, Yuri Moreno and Maria Cristina Fábrega are the key contacts for corporate and finance matters, respectively.
Arias > Firm Profile
Arias is the leading global business law firm in Central America and the firm of choice in the region. The firm stands out for providing innovative and effective solutions that help clients achieve their business goals, while enjoying the benefits of working with an integrated firm, with presence in six countries through seven offices, 42 partners, and 130 highly trained and experienced attorneys and offices in Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica and Panama.
Since 1942, Arias has been setting the standards in the region by combining its global reach with local expertise, and providing a visionary outlook on the world’s business environment.
Among our staff, we have attorneys with vast experience in several practice areas combined with young lawyers, that makes our firm to be constantly innovating and adapting to today’s world needs, ensuring to offer our clients the best legal talent in the region.
Areas of practice
Arias is a full-service firm, providing advice in over 33 practice areas, with renowned specialists in each jurisdiction. Some of the firm’s main practice areas include: corporate, antitrust, mergers and acquisitions, tax, arbitration and litigation, compliance, banking and finance, intellectual property, labor law, energy, oil and gas, real estate, immigration, and general counsel services, among others.
Our focus: We make things happen
We provide creative and innovative legal solutions that add value to our clients, taking the time to know and understand their business goals, while always focused on providing reliable and accurate legal services, with their best interests in mind.
The firm advises on local and cross-border transactions, assisting some of the major international corporations doing business in the region, and also providing legal support to local clients going abroad.
Recognitions and awards
Consistently, we have been honored with important recognitions and awards such as “Firm of the Year in Central America”, “Firm of the year” in the countries we operate, “Client Service Award”, “Best Regional Firm for Women in Business Law”, “Deal of the Year”, among other relevant regional and local awards for the firm and our members.
We promote diversity within the firm, professional growth is based on each individual’s merit regardless of gender or ethnics.
- 47% of our partners are women
- 48% of our associates are women
- 57% of our management positions are held by women
- 100% of our managing partners are women
2,000 Pro-bono hours per year
Corporate social responsibility and Pro-bono work have always been an important part of our DNA. We believe that it is everyone’s responsibility to inspire and generate positive changes in our environment in order to achieve and ensure a better future for the next generations.
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|Managing Partner, Head of Labour||Liz Gordillofirstname.lastname@example.org||+(502) 23827700|
|Partner, Head of M&A, Banking and Finance||Jorge Luis Arenalesemail@example.com||+(502) 23827700|
|Partner, Head of Litigation||Mario Archilafirstname.lastname@example.org||+(502) 23827700|
|Partner, Head of Corporate, Commercial and M&A||Luis Pedro Del Valleemail@example.com||+(502) 23827700|
|Partner, Head of Tax||Ximena Tercerofirstname.lastname@example.org||+(502) 23827700|
|Partner, Labour and Corporate||Rosa Maria Arenalesemail@example.com||+(502) 23827700|
|Mr Mario Archila||Partner. Head of the Dispute Resolution department in Guatemala.||View Profile|
|Mr Jorge Luis Arenales||Partner. Head of Corporate and Finance.||View Profile|
|Mrs Rosa María Arenales||Partner||View Profile|
|Mr Luis Pedro Del Valle||Partner.||View Profile|
|Ms Liz Gordillo||Partner.||View Profile|
|Mrs Ivón Hernández||Associate||View Profile|
|Ms Ximena Tercero||Partner||View Profile|