Mr Gustavo-Adolfo Vargas > Arias > Managua, Nicaragua > Lawyer Profile


Work Department

  • Corporate and Commercial
  • Intellectual Property
  • Energy
  • Mergers and Acquisitions
  • Mining
  • Project and Infrastructure Finance
  • Real Estate
  • Technology, Media and Telecommunications




Partner of the firm since 2014, Gustavo’s practice involves structuring and drafting of complex deals, real estate matters, regulatory and and intellectual property, advising  banks and international financial institutions as well as multilateral institutions, including the structuring and negotiation of agreements, participation in mergers and acquisitions of diverse industries, among others.  His professional experience includes two and a half years in the Legal Division of the Inter-American Investment Corporation (IIC), member of the IDB group, where he was part of the team of lawyers in charge of financing in the form of direct loans and equity investments and lines of credit to local financial intermediaries, and in investment funds across all of the Latin American and Caribbean region.


  • Spanish
  • English
  • French
  • Portuguese


  • Member of the International Bar Association (IBA)


Bachelor of Laws (LL.B.), Universidad Americana. Master of Laws (LL.M.) with emphasis in Business and Corporate Law, Northwestern University School of Law. Authorized Attorney and Notary.

Lawyer Rankings

Nicaragua > Corporate and finance

(Next Generation Partners)

Gustavo-Adolfo VargasArias

The powerhouse team at Arias remains a market force, combining expertise in corporate, commercial, M&A, energy, banking and finance matters to meet the needs of its local and international clients. The group’s full service includes advice on due diligence, tax issues, project finance, joint ventures, concessions and credit agreements. The team is spearheaded by managing partner and foreign investment authority Ana Teresa Rizo and regulatory compliance expert Bertha Argüello, and backed by deal structuring specialist Gustavo-Adolfo VargasRodrigo Ibarra, who was promoted to partner in August 2021 and is experienced in M&A, and associate Maryeling Guevara. The group’s client roster covers the telecoms, energy, financial services and food sectors, and includes SBA Torres Nicaragua, IDB Invest and New Fortress Energy.

Nicaragua > Energy and natural resources

(Next Generation Partners)

Gustavo-Adolfo VargasArias

The powerhouse team at Arias remains a leader in the energy and natural resources practice area. The group regularly advises multinationals seeking to develop projects in the region, providing assistance with bidding processes, regulatory compliance issues, concession contracts, the execution of assignment agreements, contractual matters and tax charge claims. The group is headed by managing partner and foreign investment authority Ana Teresa Rizo and energy agreement expert Gustavo-Adolfo Vargas, and backed by newly promoted partner Rodrigo Ibarra, a specialist in project finance. The team’s client base spans the energy, investment, and metals and mining sectors.

Nicaragua > Intellectual property

The intellectual property department at Arias advises multinational clients on safeguarding their high-value IP portfolios. The group advises on a diverse range of matters, including IP rights protection and enforcement, due diligence, anti-counterfeiting measures, technology transfers, and the registration of trade marks, patents and copyrights. IP expert Gustavo-Adolfo Vargas leads the team following the departure of former practice head María de los Angeles Marín. The team’s client roster features international clients such as Procter & Gamble, Herbalife and Phillip Morris, across such sectors as pharmaceuticals, tobacco, health, manufacturing, apparel, telecoms and retail.