BLP > La Libertad, El Salvador > Firm Profile

BLP
Millennium Plaza, 21st floor
Paseo General Escalón #3675
El Salvador

El Salvador > Banking and finance Tier 1

The powerhouse practice at BLP remains at the forefront of banking and finance matters in El Salvador, providing a comprehensive service to major regional and international commercial banks, financial institutions, multilateral agencies (including key market players such as IDB Invest), private equity sponsors and corporate borrowers from sectors including life sciences, building materials, real estate and energy. The practice assists with securitisations, credit restructurings, loan agreements, bond issuances, regulatory compliance, and banking litigation and arbitration proceedings. Respected finance expert Zygmunt Brett heads the team, standing out for his strong suit in complex capital markets matters. Other names to note are Mariana Nóchez, who is active in high-value, multi-jurisdictional transactions, director Luis Vega, a specialist in financial disputes, and associate José Góchez, who advises on syndicated loans, project finance (including in the energy sector) and buy-outs.

Practice head(s):

Zygmunt Brett

Testimonials

They have an in-depth understanding of the transaction and the risks, with solutions to mitigate them. At all times they maintain a practical outlook on the transaction.

BLP’s banking and finance team is unmatched in El Salvador. Their expertise and proactiveness is simply outstanding.

Zygmunt Brett is a fantastic lawyer and counsel – he guided us with tremendous ease throughout the most difficult times in the transaction. José Góchez is also a very committed and expert lawyer, who attended to all our needs as clients.

A very experienced team. They have a lot of knowledge on capital market transactions. They worked very efficiently. Zygmunt Brett and José Góchez are outstanding lawyers.

The firm has a well-prepared team which studies in depth the needs of the client’s business. This, along with the involvement of the partners, gives them an advantage over the rest of the firms in the market.

Zygmunt Brett and José Góchez did an amazing job. They were very responsive and accurate in their advice. It was a real pleasure working with them.

BLP demonstrated good knowledge of international transactions and their implications from the point of view of local law. They were resourceful and creative and responded quickly to numerous questions regarding the functioning of the legal and judicial system in El Salvador that were fundamental to completing the transaction. They distinguished themselves by their availability and speed in completing their analyses.

Zygmunt Brett was exceptionally creative and flexible in resolving obstacles encountered in the transaction. He knew how to respond to the client’s commercial needs, while always maintaining clear adherence to the law.

Key clients

IDB Invest

Banca de Inversión Bancolombia

Banco Agrícola

Grupo Unicomer

Barentz International

Cementos Progreso Holdings

Avianca/Taca

The Prudential Insurance Company of America

Cigna

Inversiones Financieras Grupo Azul

Banco Azul

Grupo Ransa

Tigo

Work highlights

  • Assisted IDB Invest and Banco Promerica with the issuance of sustainability bonds to finance green and social projects.
  • Advised Banca de Inversión Bancolombia, Banco Agrícola, and other local and international banks on a syndicated loan for up to $348m for the AES group, a power distributor in El Salvador.
  • Assisted TACA International Airlines, a subsidiary of Avianca, with Grupo Aval’s structuring of a future flow securitisation of credit card receivables worth $140m to refinance certain lines of credit.

El Salvador > Corporate and M&A Tier 3

Leveraging the bench strength of locations throughout Central America (in Nicaragua, Honduras, Costa Rica and Guatemala), the Salvadoran business law practice at BLP advises major multinationals, banks and financial institutions, development agencies and insurers on day-to-day matters and complex, multi-jurisdictional transactions, with a client base spanning such sectors as energy, real estate, life sciences, building materials and financial services. The practice’s comprehensive service covers M&A, restructurings, contract drafting and negotiation, due diligence, regulatory compliance and corporate governance. Zygmunt Brett, who has over 20 years of experience in the practice area and is widely regarded as an authority in M&A, heads the team. Other key figures at senior level include Mariana Nóchez, who, in addition to major transactions, is an expert in due diligence and regulatory processes. The strong junior line-up includes director José Góchez, who has notable expertise in the telecoms and aviation sectors, and associates Luis VegaDelmer Rodríguez, a specialist in both corporate matters and tax administrative procedures, and Julio Meléndez, who assists clients with entry into the region.

Practice head(s):

Zygmunt Brett

Testimonials

We have worked with BLP’s corporate and M&A practice for many years. It is a highly trained team with enviable experience.

Zygmunt Brett is one of the most experienced M&A lawyers in the Central American market.

Mariana Nóchez is a tremendous specialist in complex issues and a great negotiator.

Highly specialised in their field and always ahead of the curve.

Zygmunt Brett has a direct and personal relationship with his clients.

Key clients

Grupo Unicomer

Barentz International

Cementos Progreso Holdings

Inversiones Financieras Grupo Azul y Banco Azul

Grupo Ransa

Tigo

Work highlights

  • Advised Grupo Unicomer on its acquisition of CrediScotia Financiera, a consumer credit finance company in Peru.
  • Advised Barentz International on acquiring all shares of Divsa, a distributor of life science industry ingredients and specialty chemical products in Central America.
  • Advised Cementos Progreso Holdings on its $335m acquisition of assets from Cemex in Costa Rica and El Salvador.

El Salvador > Dispute resolution Tier 3

The team at BLP advises local and international corporations across the full spectrum of dispute resolution matters, ranging from corporate and commercial litigation and disputes relating to consumer protection and international distribution agreements to product liability and shareholder conflicts, and mediation and arbitration proceedings. In addition, the team’s full service extends to real estate, tax, environmental, labour, antitrust and intellectual property disputes. Director Luis Vega, an experienced litigator, is the key contact.

Central America > Corporate and finance

BLP has continued to expand its presence in Central America, launching its fourth Costa Rica office, which focuses on real estate transactions, in Marina Flamingo in January 2023, as well as providing environmental and immigration advisory services through two innovative companies: Zone and Moval. The firm houses comprehensive corporate and finance practices in the region, with standout expertise in infrastructure and energy-related transactions, and is widely recognised for its representation of Fortune 500 companies. Its strength in international transactions is reinforced by its representative office in Madrid, where David Gutiérrez is the key name. Gutiérrez, an expert in M&A and infrastructure financing, also heads the corporate practice in Costa Rica (where the firm has additional branches in San José, Marina Los Sueños and Las Catalinas), while Vivian Liberman and Andrés López lead the banking team. In Guatemala, the firm strengthened its practice with the hire of former Arias senior partner Jorge Luis Arenales, who has a wealth of experience in corporate and finance transactions, in June 2023; he joins the well-regarded duo of Luis Ruiz, who is also a skilled IP lawyer, and María Inés Arenales. Zygmunt Brett, an authority in financing, capital markets and M&A matters, is the name to note in El Salvador, and Ernesto Rizo, an expert in the mining and agribusiness spheres, leads the corporate and finance team in Nicaragua. In Honduras - where the firm has branches in Tegucigalpa and San Pedro Sula - José Miguel Álvarez and energy specialist Karla Aguilar are the key contacts.

Work highlights

 

BLP is consistently ranked as one of the top law firms in Central America by well-known legal and business rankings. They focus on the firm’s culture of client service, as well as the quality of its work. It is also one of the law firms that is referred to by the embassies of the world’s largest economies.

The firm’s international capabilities extend worldwide. BLP has developed a network of law firms around the world, not only through years of working with some of the leading lawyers in each country, but also through exclusive legal networks in which it actively participates: Meritas (www.meritas.com), the State Capital Law Firm Group (www.statecapitallaw.com) and Interlaw (www.interlaw.org) among other specialized networks. Today, BLP is one of the very few law firms in Central America that works with a true business structure, where all its professionals and staff work together towards a common goal: to satisfy the demands of its clients. BLP’s professionals do not simply share costs or a logo; they also share values and principles, all for the benefit of its clients. BLP operates under a series of guiding criteria, which allow it to pursue the total satisfaction of its clients. These are: commitment to quality; commitment to service; ethics; teamwork and cost-consciousness; commitment to leadership and development; talent; and pro bono work.

BLP was founded in March 2003 by a group of lawyers who shared the same view of the practice of law. They were convinced that legal advisors should become true business partners of their clients, especially by providing top legal advice with business sense. Hence the name: Business Law Partners.

Since its opening, the firm has remained loyal to this vision and understood that clients are not only seeking the best legal advice, but also efficiency and business-orientated advice. BLP defines efficient service as one provided with world-class quality, in a timely and cost-conscious manner, while being open to alternative fee arrangements with clients. Consequently, leading multinationals have retained BLP’s services, either for one or more transactions, or for their day-to-day needs.

The main international practice of BLP is focused on coordinating legal services in Latin America for its clients. The firm has offices in Costa Rica, El Salvador, Honduras, Guatemala and Nicaragua. BLP has formed a high-quality network of firms in other countries of the Latin American region and in different areas of law for the benefit of its clients.

Other offices

Ciudad de Guatemala – Guatemala; Managua and San Juan del Sur – Nicaragua; Tegucigalpa and San Pedro Sula – Honduras; San José, Guanacaste and Bahía Herradura – Costa Rica

Department Name Email Telephone
Managing Partner Zygmunt Brett zbrett@blplegal.com
Other fee-earners : +150
Total staff : +400