Alvarado y Asociados > Managua, Nicaragua > Firm Profile

Alvarado y Asociados

Nicaragua > Corporate and finance Tier 2

The corporate and finance team at Alvarado y Asociados advises national and multinational corporations and financial institutions engaged in high-value, cross-border matters. The team advises on competition law issues, due diligence, financial restructurings, M&A, franchises, joint ventures, concessions, regulatory compliance, and complex corporate transactions and agreements. The group is headed by founding and managing partner and legal authority Gloria María de Alvarado and Luz Marina Espinoza, an expert in corporate structuring, and supported by senior associates Yuri Cerrato, who specialises in labour law, and Fabiola Urbina, who previously held an in-house role at the Nicaraguan Customs Headquarters. The team’s client portfolio features Grupo Bimbo, Cemex and Delta Airlines, and spans such sectors as aviation, food, logistics, tobacco, tourism, financial services, mining and health.

Practice head(s):

Gloria María de Alvarado; Luz Marina Espinoza

Key clients

Grupo Almo


Grupo Bimbo



Delta Airlines


Pro Harina

Nicaragua > Energy and natural resources Tier 2

The energy and natural resources group at Alvarado y Asociados handles a diverse range of issues, including certification, due diligence, financial regulation and environmental administrative procedures. The group is led by Gloria María de Alvarado and Luz Marina Espinoza, who are experienced in advising multinational clients in the hydrocarbons, mining and forestry sectors on project financing and regulatory matters. Senior associates Yuri Cerrato and Fabiola Urbina are also noted for their expertise in transactions in the energy sector. The team’s client roster features international clients such as Cemex, and covers the energy, hydrocarbons, forestry, construction, telecoms, metal and mining sectors.

Practice head(s):

Gloria Maria de Alvarado; Luz Marina Espinoza

Key clients


The Electrum Group

Cotton Gin International/Hydrologica

Nicaragua > Intellectual property Tier 2

The intellectual property team at Alvarado y Asociados advises a wide range of multinational clients on copyright, trade mark and patent related matters. The group provides a full service, handling issues from registrations and searches to oppositions and infringement actions. The team is led by the respected Gloria María de Alvarado and IP strategy expert Zayda Cubas, and backed by senior associate Francisco José Alvarado. The group’s client portfolio includes numerous international companies - among them, NBA Properties, Major League Baseball and the Coors Brewing Company - and spans such sectors as food and beverages, sports, financial services, retail, building materials and consumer goods.

Practice head(s):

Gloria María de Alvarado; Zayda Cubas

Key clients

Grupo Bimbo

NBA Properties

Major League Baseball

Coors Brewing Company

SCA Hygiene Products

Cemex Research Group


Enterprise Holdings


Aids Health Care Foundation

Nicaragua > Dispute resolution Tier 3

The experienced dispute resolution team at Alvarado y Asociados acts for local and international clients in complex litigation, arbitration, mediation and other alternative dispute resolution proceedings. The group is headed by firm founder and managing partner Gloria María de Alvarado and civil and labour litigation expert Luz Marina Espinoza, with support from senior associate Cristopher Garcia. The team’s client roster covers includes companies from the healthcare, building materials, finance, and mining and metals industries.

Practice head(s):

Gloria Maria Alvarado; Luz Marina Espinoza

Nicaragua > Real estate Tier 3

The real estate group at Alvarado y Asociados offers a full service to its local and international clients, advising on a broad spectrum of issues. These include due diligence processes, registrations, tax matters, and real estate sales and purchases. Spearheaded by Gloria María de Alvarado and Luz Marina Espinoza, the team’s portfolio acts for clients in the food, building materials, nonprofit, investment, education, construction and mining sectors.

Practice head(s):

Gloria Maria de Alvarado; Luz Marina Espinoza

Key clients

Cemex de Nicaragua

Centro Cultural Batahola Norte

Grupo Bimbo


Alvarado y Asociados was founded in 1990 by Dr Jose Antonio Alvarado, Nicaraguan attorney and public notary, and Gloria Maria Alvarado, Venezuelan and Nicaraguan attorney, both with qualifications from Harvard Law School (the first obtained an LLM and SJD and the latter an LLM). It has national and international prestige and is characterised by its professionalism and integrity. The firm’s goal is to provide its clients with highly professional integral legal advice, adequate to the business needs and goals of each of its clients. The firm is the only Nicaraguan member of Lex Mundi – the world’s leading network of independent law firms with in-depth experience in 100+ countries worldwide, which allows the firm to provide clients with regional and global professional assistance.

Areas of practice
General corporate/business/foreign investments: the firm’s lawyers have broad experience in cross-border transactions, and are highly specialized in commercial and corporate law and in assisting its clients to determine the best corporate strategy to achieve their goals. Some of the services provided in this area are incorporation of local legal entities and managing of their entire legal portfolio, complex corporate transactions, corporate and financing restructuring processes, mergers and acquisitions, joint ventures, negotiation and drafting of commercial and corporate agreements, including agency, franchises, concessions international transactions of goods and services.

Real estate: the firm has rendered services to foreign and national clients in this area, including due diligence and title search, the issuance of legal opinions, closing documents and further registration procedures.

Telecommunications: the firm has provided its legal services for important transactions in this area, including privatization deals, due diligence, acquisition of local telecommunication companies and issuance of licenses and permits for telecommunication services.

Intellectual property: the firm has ample experience in this sector, including registration of trademarks, trade names, logos, copyrights, patents, representation in administrative procedures and litigation relating to intellectual property rights.

Banking and financing: the firm renders high-level legal services in all banking and financial matters; from incorporating a national bank and opening a branch of an international bank in Nicaragua, to rendering assistance in structuring and restructuring complex financing deals.

Labor: the firm has an extensive practice in labor-related matters, compliance with applicable labor, hygiene and social security regulations, including contracts, draft and approval of company internal regulations, resignation and dismissal cases, administrative procedures, claims and litigation.

Environmental/mining/energy: the firm has attorneys, specialized in environmental, mining, energy and related areas, that correctly apply laws, regulations, and technical and administrative provisions governing different environmental topics.

Commercial and civil litigation/arbitration: clients entrust the firm with their civil, commercial and labor litigation, as well as arbitration cases.

Antitrust/mergers and acquisitions: the firm provides advice in antitrust cases, as well as complex mergers and acquisitions transactions, and has ample experience in obtaining antitrust clearances for domestic and cross-border mergers and acquisitions.

Tax: the firm’s tax practice provides thoroughly considered and legally sound transactional advice to local and international institutions, corporations and individuals.

Corporate/commercial José Antonio Alvarado
Corporate/commercial Gloria M Alvarado
Corporate/commercial Luz M Espinoza
Corporate/commercial Jazmin Garcia
Corporate/commercial Claraliz Oviedo
Corporate/commercial Fabio Urbina
Corporate/commercial Carlos Navarro
Energy and natural resources Luz Marina Espinoza
Environmental law Luz Marina Espinoza
Labor and related issues Luz Marina Espinoza
Labor and related issues Yuri Cerrato
Litigation Luz Marina Espinoza
Litigation Cristhoper Garcia
Intellectual property Zayda E Cubas
Intellectual property Francisco Alvarado
Competition Aura Torrez
Competition Yuri Cerrato
Banking and finance José A Alvarado
Banking and finance Carlos Navarro
Real estate Jazmin Garcia
Real estate Fabiola Urbina S
Customs Fabiola Urbina S
Fiscal law Carlos Navarro
Fiscal law Claraliz Oviedo
Aviation Yuri Cerrato
Aviation Gloria M Alvarado
Other fee-earners : 11
Total staff : 26
Partners : 4