Lexincorp > San Salvador, El Salvador > Firm Profile

El Salvador

El Salvador > Banking and finance Tier 3

With offices across Guatemala, Honduras, Nicaragua and Costa Rica, Lexincorp pairs deep regional bench strength with the experience of its Salvadoran team to provide a comprehensive service to local and international corporates and financial institutions (including banks and investment firms) on wide range of matters. Led by banking law expert Enrique Escobar, the group advises on guarantees, the structuring and negotiation of loan agreements, securitisations, due diligence issues, debt management and the constitution of trusts. The team is supported by Antonio Guirola, who is experienced in the coordination of international transactions, and Adriana Portillo, who was promoted to partner in January 2022.

Practice head(s):

Key clients

Banco General (Panamá)

Productos Atlas

Work highlights

  • Handled the structuring, restructuring and materialisation of all loan agreements and associated guarantees for several clients of Banco General for a value of approximately $68.5m.
  • Assisted Grupo Atlas with obtaining a commercial loan for an amount of $5.5m.

El Salvador > Dispute resolution Tier 3

Utilising the bench strength of its offices in Guatemala, Honduras, Nicaragua and Costa Rica, Lexincorp‘s Salvadoran dispute resolution practice acts for national, regional and multinational corporates and financial institutions in complex mediation and arbitration proceedings and high-stakes litigation. The team is led by disputes expert Enrique Escobar, with support at associate level from Kevin Vargas (who brings expertise in civil, constitutional, administrative and labour cases to the team) and Mauricio Guardado (a specialist in disputes concerning tenders and labour contracts). Strong in the banking and retail spaces, the group is also active in disputes involving the agricultural, tech, and oil and gas sectors.

Practice head(s):

Key clients

Fertilizantes Nordic

Hipotecaria San Miguel

PBS El Salvador (Productive Business Solutions)

Work highlights

  • Acted for Puma El Salvador in an administrative-contentious case arising from a resolution of the General Directorate of Internal Taxes, which claimed that it was due an amount of over $16m.
  • Acted for Grupo Monge in a contentious-administrative claim against the General Directorate of Internal Taxes and the Court of Appeals for Internal Revenue and Customs for an amount of over $5m.
  • Acted for PBS in seeking the annulment of the tender procedure for the installation of X-ray security equipment at El Salvador International Airport.

El Salvador > Corporate and M&A Tier 4

With a presence in Honduras, Guatemala, Costa Rica and Nicaragua, the Salvadoran corporate and M&A team at Lexincorp provides a full service to regional and national corporates across the practice area. Headed by corporate and banking expert Enrique Escobar, the group assists with M&A,  joint ventures, corporate governance, consumer protection issues, tax planning and restructuring. With clients spanning the food, energy and telecoms sectors, the team is supported by M&A expert Adriana Portillo, who was promoted to partner in January 2022, and Antonio Guirola, a specialist in transactional work.

Practice head(s):

Enrique Escobar

Key clients

Boskalis Ventus

SAAM Towage

Al Forno

Productos Atlas

Orazul Energy

Green Planet Energy

Work highlights

  • Advised Ventus on the development of a wind power plant in El Salvador.
  • Advised SAAM Towage on its negotiations with Energía del Pacífico, which is developing a 355MW LNG power plant in El Salvador, over the provision of tug, fire safety and personnel transport services.
  • Assisted Orazul Energy with the acquisition of Orazul and Inkia assets in El Salvador, Guatemala and Panama.

Central America > Corporate and finance

Lexincorp has a footprint across Central America, with offices in Guatemala, El Salvador, Honduras (in Tegucigalpa and San Pedro Sula), Nicaragua and Costa Rica. On the corporate side, the firm advises leading local and international clients on the establishment of businesses in the region, and with M&A and restructurings, while other areas of strength include project and real estate finance. In Guatemala, Julio Aparicio and Gonzalo Menéndez González head the finance and corporate teams, respectively, with particular expertise in transactions in the real estate sector. Engels Zelaya is the key contact in Honduras and is well known for his advice on the financing of energy and transport infrastructure projects. Enrique Escobar leads the corporate and banking practices in El Salvador, while Claudia Vivas is the name to note in Nicaragua.

A leading Central American law firm with five offices located in the major cities throughout the region, Lexincorp specializes in providing legal advice to its domestic and international clientele. The firm’s regional practice has evolved to integrate processes, services, knowledge, business, values and solutions to provide the highest quality results, operating as a single, fully integrated Central American firm, rather than separate firms with international networking.

Although each of the firm’s five offices serves its jurisdiction, Lexincorp’s integration offers all of its clients, in any country, the ability to access all the resources of the regional offices and lawyers to the extent their matters require. The firm’s clients include domestic and multinational corporations and international financial institutions.

With over 50 lawyers spread across the Central American region, Lexincorp offers high levels of excellence and expertise in all of its practices and specialties, which has awarded the firm with rankings as a leading and recommended firm by Chambers & Partners, IFLR 1000 and Latin Lawyer.

Main areas of practice

Corporate, mergers and acquisitions: due diligence of all towers located in El Salvador purchased by Peppertree Capital Management Inc. Led the merger of Matallana SA and Laboramos SA, consolidating the operation in Guatemala of these subsidiaries of Colombia’s leading company in the paper industry, and was involved in Dispapeles SA’s assistance to SunEdison in the acquisition of two solar energy projects in Honduras – these projects were the first renewable solar energy plants in the country.

Financial and banking: counseled Balboa Bank and Trust on securing a loan for US$1.5m as working capital of the Entre Rios energy company in Guatemala. Legal counsel for Banco Industrial and Westrust Bank (International) Limited on the structuring of a loan for the construction of a mall in Costa Rica. Assistance for Banco General in Costa Rica on the structuring of a loan for the opening of a new department store of the Central American trademark SIMAN.

Intellectual property: negotiations between Millicom International Cellular SA and Telemovil El Salvador, for the registration of well-known trademark TIGO and its different variations in El Salvador. Legal managers of the trademark portfolio of Samsung Gear Blink and its official advisors in El Salvador. Samsung, according to Forbes, is in the top ten most famous trademarks in the world.

Real estate and property: legal counsel for Grupo Apolo on a real estate project of apartments in Guatemala. Assistance of a local client in Costa Rica on the purchase of 104 properties of plantations (teak trees) from another Costa Rican corporation. Lexincorp served as the firm in charge of performing the corresponding public deed to be submitted before the National Registry for the registration of the properties under the name of the client.

Tax: Lexincorp Honduras obtained a first instance court ruling in which the closure of duty free stores by the executive director of revenue was declared illegal. This statement allowed the client to claim damages in the order. It was the only contributor to get a favorable judgment.

Arbitration: Lexincorp El Salvador represented a client in an executive judgment derived from an assignment of receivables, in which the judge resolved in favor of the counterparty. This decision was appealed and the judge resolved in favor of the client. Representation of Intermoda El Salvador in an administrative litigation lawsuit against the National Registration Center for refusing the registration of the trademark Pepe Jeans P. Representation of L’oreal Guatemala in El Salvador, in an administrative litigation lawsuit against the General Directorate of Customs, which did not recognize certificates of origin in importing goods from the client and imposed fines of 300%.

Senior partners Enrique Rodolfo Escobar López (El Salvador)
Senior partners Gonzalo Menéndez Park (Guatemala)
Senior partners Arnoldo André-Tinoco (Costa Rica)
Senior partners Fernando Midence-Mantilla (Nicaragua)
Senior partners Benito Zelaya (Honduras)
Corporate, mergers and acquisitions Enrique Escobar López
Corporate, mergers and acquisitions Arnoldo André-Tinoco
Tax Enrique Escobar López
Tax Gonzalo Menéndez Park
Real estate Arnoldo André-Tinoco
Real estate José Andrés Fuxet
Intellectual property Gonzalo Menéndez Gonzalez
Intellectual property Camila Escobar
Environmental Engels Zelaya
Litigation, arbitration and ADR Alonso Vargas
Litigation, arbitration and ADR Benito Zelaya
Administrative Claudia Vivas
Energy Leslie Henry
Transport and maritime Sylvia Nadesda Zelaya
Other fee-earners : 55
Partners : 11