Firm Profile > Arias > Guatemala, Guatemala

DIAGONAL 6 10-01 ZONA 10

Banking and finance Tier 1

Valued by clients for its 'regional presence', Arias is experienced in handling multi-jurisdictional finance transactions alongside the firm's other offices located throughout Central America. The team advises on structuring debt financing and loan security packages, debt restructuring, project finance, asset securitisation, the structuring of investment funds and trusts, and financial regulation. It also has expertise in private equity transactions, advising both borrowers and lenders, and securities and commodities offerings. The practice is jointly led by Jorge Luis Arenales, who specialises in financings in the energy and natural resources sectors; Luis Pedro Del Valle, whose strengths include the structuring of syndicated loan agreements and securities; and Mario René Archila, who handles financial litigation.


‘They stand out for their experience in the matters they handle, service orientation and flexibility in negotiating fees, as well as their regional presence.’

Key clients

Banco Latinoamericano de Comercio Exterior

Credit Suisse

Deutsche Investitions- und Entwicklungsgesellschaft (DEG)

Global Partnerships


Inter-American Investment Corporation (IDB)

International Finance Corporation

Belgian Investment Company For Developing Countries NV/SA (BIO)

BlueOrchard Microfinance Fund

Overseas Private Investment Corporation (OPIC)

US International Development Finance Corporation (DFC)

Corporate/M&A Tier 1

The broad corporate practice at Arias covers M&A, reorganisations, the establishment of branches and representative offices, and corporate governance, and is highly active advising international clients on investments in Guatemala. The team's client base includes a large number of multinationals, and it is experienced in advising on multi-jurisdictional transactions, often with the support of the regional firm's network of offices across Central America. The practice has particular strength in highly regulated sectors, including telecoms, energy and finance. Jorge Luis Arenales, who has extensive experience in domestic and cross-border transactions and investment projects, leads the team with Luis Pedro Del Valle, who is noted for his telecoms expertise. The strong cohort of associates includes Florencio Gramajo, Jorge Ordoñez and Ana Avila.

Key clients

Operadora de Tiendas


Coca Cola




Mondelēz International


High Q International

Mitsubishi Corporation


Cysco Systems

Intercorp Group

Eurofarma Laboratorios

GlaxoSmithKline (GSK)

Premium Restaurant Brands

SBA Communications Corporation

The Church of Jesus Christ of Latter-day Saints

Dispute resolution Tier 1

Noted for offering a 'personalised service to clients', Arias stands out for its litigation experience across a wide range of sectors, with particular expertise in real estate, telecoms and IP disputes. The team also handles national and international arbitration proceedings relating to commercial disputes and international investments, where it acts for multinationals, government bodies and financial institutions. Its strong criminal defence practice is also of note; the team represents clients in criminal investigations and litigation, and advises on anti-money laundering and anti-corruption compliance. The department is led by the highly regarded Mario René Archila, who is praised for his 'dedication to client care'. He is supported by senior associate Luis Fernando Zelada, who has extensive experience in civil, commercial, labour, criminal and constitutional litigation.

Practice head(s):


‘The team in Guatemala is of a high standard and offers a personalised service to clients.’

‘Mario Archila has a high level of dedication to client care, and always comes up with the best option.’

Labour Tier 1

Multinational companies turn to the 'exceptional' labour team at Arias for advice on the labour aspects of corporate transactions, the transfer of employees, the structuring of benefits, and regulatory and immigration issues. The team also advises on employee compensation, hiring and termination, and staff restructuring and outsourcing. Employment litigation and collective bargaining negotiations with trade unions are other notable areas of expertise. The experienced Liz Gordillo leads the practice. Key contacts at the senior associate level include Rosa María Arenales, who has expertise in immigration law and the employment aspects of corporate matters, and María Elena Barrientos, who specialises in litigation and collective bargaining.

Practice head(s):


‘It is an excellent firm; I thoroughly recommend it. The team always deal with our queries quickly and efficiently, their advice is straightforward, and their work is clear and demonstrates their broad knowledge of this area of law, so much so that we have extended our use of Arias’ services to other regions in Latin America.’

‘In labour matters, Arias provide objective advice, explaining the different scenarios that could arise depending on the decisions we take. We find this valuable, as what clients most need is to know the different possible outcomes in order to make the best decision.’

‘The team are always available and provide responses in good time.’

‘The team stands out for the availability of the lawyers: you feel like you are the only client at the firm, as they respond rapidly and treat your matters as a priority. I would like to highlight the services of Rosa Maria Arenales and Liz Gordillo; we have worked closely with them for the last three years.’

‘The labour team are exceptional. Their strongest points are their ability to provide services in an emergency, the objectivity of their advice and the professionalism with they handle matters. The assistance they provide is impeccable. It is the best firm we have worked with.’

‘Liz Gordillo has provided an impeccable service since we started working with her. She is always available to deliver the services we require, she tries to reduce the risks to our business to the minimum, and she always suggests measures and actions that we have not even considered. She explains Guatemalan labour issues in such a way that it is easy to take in.’

Key clients



Fox International Channels, S.C.A

Operadora de Tiendas


The Church of Jesus Christ of Latter-day Saints


BIC Latin America

International Development Bank

C&W Business

Intellectual property Tier 2

With a presence across Central America, Arias counts global brands from the pharmaceutical, cosmetics, automobile and consumer product manufacturing sectors among its clients. The team advises on trade mark and patent registrations and copyright applications, domain names, geographical indications and trade mark oppositions. It is also highly experienced in IP litigation, including anti-counterfeiting and anti-piracy actions. The practice is led by highly regarded senior associate Ivón Hernández, who has expertise in litigation and the co-ordination of trade mark filings outside Guatemala, including in Central America, the US and the Caribbean.

Practice head(s):


‘Ivón Hernández is one of the best IP lawyers in Guatemala of her generation.’

Key clients

Procter & Gamble




US Dairy Export Council



Lorenzetti – Industrias Brasileiras Electrometalúrgicas



Tax Tier 2

The tax department at Arias has experience in both contentious and non-contentious matters. The team has been active in assisting with the tax aspects of high-profile corporate transactions, handling customs matters and advising clients on the tax structuring of local operations. Other areas of expertise include real estate tax, the taxation of financial instruments, international tax, transfer pricing and compliance, as well as tax litigation. The team also works alongside the firm's offices across Central America to provide multi-jurisdictional tax advice to investors in the region. Practice head Ximena Tercero is particularly experienced in customs law, international trade and transfer pricing matters.


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, 35 partners,  and 130 highly trained and experienced attorneys.

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 long 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. 


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.


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.


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 the gender or ethnics.

49% of our partners are women

51% of our associates are women

65% of our management positions are held by women


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.

Languages spoken: Spanish, English, French, German, and Portuguese


Department Name Email Telephone
Managing Partner, Head of Labour Liz Gordillo +(502) 23827700
Partner, Head of M&A, Banking and Finance Jorge Luis Arenales +(502) 23827700
Partner, Head of Litigation Mario Archila +(502) 23827700
Partner, Head of Corporate, Commercial and M&A Luis Pedro Del Valle +(502) 23827700
Partner, Head of Tax Ximena Tercero +(502) 23827700
Photo Name Position Profile
Mr Mario Archila  photo Mr Mario Archila Partner. Head of the Dispute Resolution department in Guatemala.
Mr Jorge Luis Arenales  photo Mr Jorge Luis Arenales Partner. Head of Corporate and Finance.
Mr Luis Pedro Del Valle  photo Mr Luis Pedro Del Valle Partner.
Ms Liz Gordillo  photo Ms Liz Gordillo Partner.
Ms Ximena Tercero  photo Ms Ximena Tercero Partner
Partners : 5
Associates : 18
INTA - International Trademark Association
AIPPI (Association for the Protection of Intellectual Property)
World Law Group
Pacific Rim Advisory Council (PRAC)