BLP > La Libertad, El Salvador > Firm Profile

BLP
LA LIBERTAD
AVANTE BUILDING, URBANICAZION MADRE SELVA
ANTIGUO CUSCATLAN
El Salvador

El Salvador > Banking and finance Tier 1

The powerhouse banking and finance practice at BLP continues to be a force in the market, providing comprehensive advice to major regional and international commercial banks, financial institutions, multilateral agencies and private equity sponsors on a diverse spectrum of matters. Headed by respected finance authority Zygmunt Brett, the practice assists with loan agreements, securitisations, credit restructurings, bonds issuances, regulatory compliance, and banking litigation and arbitration proceedings. The team also includes Mariana Nóchez, who brings experience from her corporate law background to high-value, multi-jurisdictional transactions; directors Luis Vega, who is noted for handling financial disputes, and Antonella Imbers; and associate José Gochez, who handles complex project finance matters. Acting for such key market players as Bank of America, IDB Invest and the Bank of Nova Scotia, the team’s industry expertise extends to complex financings in the energy and real estate sectors.

Practice head(s):

Key clients

Bank of America

Nederlandse Financierings-Maatschappij voor Ontwik-Kelingslanden (FMO)

Inter-American Investment Corporation (IDB Invest)

Banco Azul (Inversiones Financieras Grupo Azul)

International Finance Corporation (IFC)

Work highlights

  • Advised FMO on its $60m funding alongside Banco La Hipotecaria (in Panama) and La Hipotecaria (in El Salvador) of affordable housing mortgages in the two countries.
  • Acted as local counsel to IDB Invest on the financing of a project to purchase and convert a floating storage and regasification unit to supply gas to a combined-cycle thermal power plant located in Acajutla, El Salvador.
  • Advised Inversiones Financieras Grupo Azul, a financial conglomerate made up of Banco Azul and several insurance companies, on Banco Azul’s acquisition of the shares of Banco G&T Continental El Salvador and its subsidiary brokerage house, G&T Continental.

El Salvador > Corporate and M&A Tier 3

Supported by offices throughout Central America (in Nicaragua, Honduras, Costa Rica and Guatemala), the Salvadoran business law practice at BLP advises major multinational corporates, banks and financial institutions, development agencies and insurers on day-to-day matters and complex, cross-border transactions. The multi-disciplinary group is led by Zygmunt Brett, an authority on M&A and banking and finance matters, with over 20 years of experience in the practice area, and Mariana Nóchez, an expert in due diligence and regulatory processes. Senior associate and commercial law specialist Antonella Imbers also provides key support. The practice’s client base, which includes household names Bayer, Chevron and Pfizer, demonstrates its strength in the energy, retail, healthcare, telecoms and financial services sectors.

Practice head(s):

Testimonials

‘The BLP team is very capable and professional in its work. In addition, its members handle corporate and M&A issues well, with the ability to make the necessary adjustments to guide their clients and at the same time reach agreements between the parties.’

‘They are very dedicated and practical but at the same time have great legal abilities. We have known and worked with Zygmunt Brett for more than 15 years as a team and as a counterparty and he has always demonstrated professional and dedicated management of his clients’ matters, looking for solutions that will bring the transaction to a good conclusion.’

Key clients

Bank of America

Nederlandse Financierings-Maatschappij voor Ontwik-kelingslanden (FMO)

Bayer

Inter-American Investment Corporation (IDB Invest)

Grupo Altum

Manuchar

Banco Azul (Inversiones Financieras Grupo Azul)

Grupo Orbis (Pintuco)

International Finance Corporation (IFC)

Pfizer

Chevron

Work highlights

  • Advised FMO on its $60m funding alongside Banco La Hipotecaria (in Panama) and La Hipotecaria (in El Salvador) of affordable housing mortgages.
  • Acted as local counsel to IDB Invest on the financing of an energy project.
  • Advised Inversiones Financieras Grupo Azul, a financial conglomerate made up of Banco Azul and several insurance companies, on Banco Azul’s acquisition of the shares of Banco G&T Continental El Salvador and its subsidiary brokerage house G&T Continental.

El Salvador > Dispute resolution Tier 3

The team at BLP advises local and international companies on a broad range of dispute resolution matters. These include corporate and commercial litigation, disputes relating to consumer protection, international distribution agreements, product liability and shareholder conflicts, and mediation and arbitration proceedings. The experienced group also handles antitrust, customs, tax, labour, environmental, intellectual property and real estate disputes. Director Luis Vega is the key contact.

Practice head(s):

Luis Vega

Central America > Corporate and finance

With offices in Costa Rica (in the key locations of San José, Los Sueños and Las Catalinas), El Salvador, Guatemala, Honduras (in both Tegucigalpa and San Pedro Sula) and Nicaragua (as well as a rep office in Spain), and over 150 lawyers specialising in some 28 practice areas, BLP has a considerable presence across Central America. Counting numerous Fortune 100 companies among its clients, the firm frequently handles high-value, multi-jurisdictional M&A and financial transactions, and demonstrates particular expertise in the energy and infrastructure sectors. David Gutiérrez (who also heads the Madrid office) and Adriana Castro co-lead the corporate team in Costa Rica; while Vivian Liberman, an authority on capital markets matters, and Andrés López, helm the finance practice. In El Salvador, Zygmunt Brett is highly regarded for M&A and banking transactions, along with Mariana Nóchez; and in Honduras José Miguel Álvarez and Karla Aguilar are the key contacts, particularly for financing and regulatory matters in the energy sector. In Guatemala, María Inés Arenales and Luis Ruiz (who brings additional expertise in IP to the team) lead the banking and corporate practices, respectively. Ernesto Rizo handles corporate and finance matters in Nicaragua. The firm is also the Central American member of the global Employment Law Alliance (ELA).