Goh > Bogota, Colombia > Firm Profile


Colombia > Tax Tier 2

Mid-sized firm Goh has continued its growth and now benefits from its combination of a boutique-style approach and flexibility, with the ‘extensive knowledge’ and client portfolio of a larger firm. The practice has vast experience in all tax-related matters, with particular focus on tax structuring on local and international transactions, compliance, transfer pricing and tax administration. The firm’s international network of offices allows a strong degree of cross-border collaboration, attracting a number of high-level clients. Leadership is shared between Juan Pablo Godoy, managing partner and head of the foreign trade law and mining and oil law practices; Catalina Hoyos, who heads the tax law and litigation practice; and Mónica Inés Hernández, a specialist in tax advisory work, litigation, and transfer pricing compliance. Other names to note include Luís Felipe Noreña, the recently appointed director of the firm’s Medellin office, who is well regarded by clients; and Catalina Amaris a tax infrastructure specialist based out of Costa Caribe.

Practice head(s):

Catalina Hoyos; Juan Pablo Godoy; Mónica Hernández


Goh stands out for having high-level professionals who provide high-quality advice and are deeply involved in operations – especially with new technologies.

Catalina Hoyos, Catalina Amaris and Juan Pablo Godoy stand out for their outstanding knowledge of tax issues both nationally and internationally for new technologies and telecommunications, with specific knowledge of the business and interest in understanding customer problems.’

Goh has extensive knowledge in new technologies and their fiscal impact; its professionals contribute to the development and impact of telecommunications in Colombia.

The experience, intelligence and quality of the direct interaction of Catalina and Luis Felipe with the client. Working with them allows for the understanding of situations, the finding of the appropriate strategy through to documenting effective writings to address the cases. Catalina Hoyos and Luis Felipe Norena are unique in the market for the combination of their experience, intelligence and quality of customer interaction.

Key clients

Empresa Colombiana de Petróleos (ECOPETROL)

Empresas Públicas de Medellín (EPM)

Interconexión Eléctrica (ISA)



Gran Colombia Gold / Caldas Gold Corporation

Grupo Sura

Grupo Ecopetrol: Oleoducto Central, Cenit Transporte, Oleoducto de Colombia

Colombia Telecomunicaciones (Telefónica Group)

Credicorp Capital

Work highlights

  • Advising Empresas Públicas de Medellín (EPM) on its financial derivatives and treasury operations, and in a wealth tax claim.
  • Advising Gran Colombia Gold and Caldas Gold Corporation on a defence strategy regarding the deduction of royalties and other costs associated with the production of gold and silver, and that is likely to impact the whole industry.
  • Advised Ocensa Central on the negotiation and termination of tax litigation with territorial entities.

Colombia > International trade and customs Tier 3

Boutique firm Goh - best known for its expertise in tax - also boasts a strong offering in international trade, providing advice on planning, structuring and implementing operations in transactions involving foreign trade, customs and foreign exchange matters. The practice acts for a number of national and international clients, facilitating the transition for companies to achieve more agile foreign trading operations in the context of customs control regulations. Practice head Juan Pablo Godoy is managing partner, leading on foreign trade, mining and oil law, while also maintaining a role in the firm's reputable tax practice. Associate practice director Andrea Caicedo, who has experience in foreign trade, customs duties and foreign-exchange regulations matters, is the other key name to note.

Practice head(s):

Juan Pablo Godoy; Andrea Caicedo


Closeness and availability to assertively meet the needs of the company. Juan Pablo Godoy is a broad connoisseur of Colombian regulations and has vast experience in the sector. His total availability to attend to the company’s requests for advice is highlighted, as is his agility in responding to formulated requirements.

I think the Godoy team is very prepared in the business issues our business group is dedicated to, from real estate and customs, to trade and regulatory matters.

It certainly compares well to other qualified law firms in Colombia. The plus that the Godoy team has is that they adapt to the needs of the business, they are always one step ahead which helps us to better negotiate each project we have.

The qualities they have are, proactivity, honesty, responsibility, negotiation skills.

The attorneys who will attend us are: Álvaro Sabbagh, Ricardo Pava, Andrea Caicedo and Juan Pablo Godoy.

Given the current situation, Godoy helped us to manage the formalisation of our contracts in a more practical way, digitally (they have managed their documents in a digital way for a long time, from invoices, reports, notifications etc.).

Key clients


Signet Armolite Colombia

Gran Colombia Gold

Occidental de Colombia




Constructora Meco (Costa Rica)

Exxon Mobil

Scotia Global Business Services




Work highlights

  • Assisted the company in the structuring of a foreign trade and exchange model that allowed them to advance financing operations for infrastructure projects in Colombia by reducing the exchange rate risk. This advice allowed the company to obtain economic benefits during a period in which the economy and the price of the dollar were affected by the global pandemic.
  • Supporting the company in the process of managing its stocks after requesting disqualification as a free zone user. The client is relinquishing its status as a free zone user and in this process, there are some stock inventories that must be submitted in order to comply with the undertakings and the clearing process as free zone users. The firm supported them in 2020 in the process of verifying compliance with customs obligations and those derived from their status as free zone users with the customs authority.
  • Advising our client, a Canadia fund,  in a large process of reorganisation and restructuring of the company, paying special attention to everything that has to do with foreign investment and its registration with the Banco de la República. This case involves the entire investment structure of the company, covering foreign trade and customs issues, foreign exchange and foreign investment matters.

Colombia > Competition and antitrust Tier 4

The undoubtedly up-and-coming Goh -formerly known as Godoy Hoyos- leverages its track record in regulatory and corporate law to specialise in antitrust and competition issues, particularly those concerning the energy sector, where the group receives praise for its expertise and for having 'in-depth knowledge of the hydrocarbons regulatory framework and how it goes hand in hand with competition and integration regulations', and the consumer and software sectors. With an established reputation for competition matters, practice head Jaime Moya 'ensures excellent quality legal advice', according to clients (he also co-leads the firm's corporate practice). Key support comes from experienced senior associate Natalia Suárez Sánchez.

Practice head(s):

Jaime Moya


The Godoy Hoyos team has in-depth knowledge of the business carried out by our company, of the hydrocarbons regulatory framework and how it goes hand in hand with competition and integration regulations.’

The permanent availability of the partner Jaime Moya and his concern for having a deep understanding of his client’s business should be highlighted – it undoubtedly makes a difference in ensuring excellent quality legal advice.

At Godoy Hoyos they have been very active in offering training spaces (webinars) for their clients, as well as information channels on changes in regulations.

Key clients

Cenit Transporte y Logística de Hidrocarburos

Oleoducto De Colombia


Dispute resolution > Litigation Tier 4

Fielding a small but ‘very solid team‘, Goh -formerly Godoy Hoyos Abogados- ‘work in a totally synchronized way‘ to ‘build strong and efficient litigation strategies‘ while remaining ‘attentive to the client’s suggestions‘. Best known for its expertise in tax law and foreign trade, the mid-sized firm is particularly active in the oil and gas, energy infrastructure and telecoms industry sectors, from where many of its contentious mandates are derived. Handling commercial and administrative litigation along with domestic arbitration, the practice is led by founding partner Catalina Hoyos and Juan Sebastián Lombana, who made partner in 2019. Tax specialist Hoyos is best known for tax litigation and domestic arbitration but also undertakes commercial and corporate contentious matters and is gaining a reputation for the development of litigation strategies. Practice head Lombana, in turn, focuses on administrative litigation and international arbitration, particularly in relation to the oil and gas sector where he has in-house experience. Key support comes from associate David Leonardo López who particularly has expertise in the road infrastructure, power, hydrocarbons and healthcare sectors.

Practice head(s):

Juan Sebastián Lombana; Catalina Hoyos


It is a very solid team in terms of knowledge and the updating of legal issues, with great litigation strategies to apply for the benefit of its clients. As a team they work in a totally synchronized way, so that they never have any pending tasks.

The lawyers of Godoy & Hoyos, in particular Juan Sebastián Lombana and David López, know how to listen to the client and are able to understand in depth the needs and concerns that they have in cases; therefore, they manage to build strong and efficient litigation strategies that allow the defending of interests in the jurisdiction.’

They are highly qualified lawyers who are prepared in all legal matters, and if they do not know any subject in detail, they study it thoroughly until they handle it perfectly and be able to defend the interests of the client.

It is a team that works in sync, all their explanations and details of the process manage to explain it very well to clients who do not have legal knowledge.’

They are always attentive to the client’s suggestions on addressing the issues, attending, when appropriate, the suggested changes in documents or strategies.

Key clients

CENIT Transportes y Logísticas de Hidrocarburos

Columbus Networks Colombia

Oleoducto Central (OCENSA)

Concesionaria Desarrollo Vial Al Mar -“DEVIMAR” – (Sacyr Concesiones, Strabag and Concay)


Work highlights

  • Defence of Cenit in a case brought by Sicim Colombia for the unilateral termination of a contract due to Sicim’s alleged involvement in the financing of terrorism; in August 2020 the Court found in favour of the client but Sicim has subsequently appealed the decision.
  • Representing OCENSA in a suit brought by OCENSA Tecnitanques Ingenieros for alleged breach of contract.
  • Representing Columbus Networks in a lawsuit filed against Empresas Municipales de Cali (EMCALI) to declare the existence of a verbal agreement on the provision of international channel services for Internet Access between the two.

Colombia > Energy and natural resources Tier 4

The team at Goh provides specialist advice to companies operating in the mining and oil-and-gas industries, demonstrating particular expertise advising on regulatory, contractual, environmental and tax matters. Managing partner Juan Pablo Godoy stands out for his experience in the foreign trade, mining and oil sectors; while litigation partner Juan Sebastián Lombana focuses on the oil-and-gas sector where he has a long track record (having formerly been in house at CENIT, Talisman Energy and Pacific Rubiales); associate director Álvaro Sabbagh advises mining and oil-field service companies on contract and corporate law, as well as advising oil operators on state-contracting processes with the ANH.

Practice head(s):

Juan Pablo Godoy; Juan Sebastián Lombana; Álvaro Sabbagh

Key clients

Maurel & Prom

Cenit Transporte y Logística de Hidrocarburos

Occidental de Colombia

CPVEN E&P / CPVEN Servicios Petroleros

Vitol Colombia

Gran Colombia Gold

Oleoducto Central (OCENSA)

Empresas Públicas de Medellín (EPM)

Superior Energy Services

Renergética Colombia

Work highlights

  • Advising CPVEN E&P as non-operator of the joint venture for the VMM–32 block.
  • Legal advice to Cenit Transporte y Logística de Hidrocarburos regarding a possible settlement in respect of ship-or-pay transportation-contracts with Frontera Group.
  • Executed a complete legal due diligence for client Maurel & Prom in order to advise on the possible acquisition of the oil-and-gas company Amerisur, which has assets and operations primarily in the Putumayo region in southern Colombia.

Colombia > Projects Tier 4

Steadily developing tis presence, Goh house lawyers with considerable experience advising on infrastructure projects as well as the legal aspects of public and private contracting, public and private partnerships, project-fi­nancing agreements, and engineering, procurement and construction (EPC) agreements, along with associated environmental issues. Jaime Moya heads the team and provides comprehensive legal advice on corporate and commercial matters. Moya is currently leading the advice to Concesionaria Desarrollo Vial al Mar (Devimar) in their consultancy for the execution of the financing, aas well as advising on all matters related to the project’s execution and the concession contract. Associates Steffany Serebrenik and Natalia Fernández are also noted.

Practice head(s):

Jaime Moya


The accompaniment of this firm provides a lot of confidence to its clients due to their professionalism, the knowledge they demonstrate regarding the practice, and their availability and openness to debate any subject.

We have received very personalised advice, with unlimited time availability. Advisors who perfectly understand the nature, dynamics and peculiarities of their client. A special interest is evident in protecting the interests of the client but also facilitating and promoting negotiation with the counterpart. We highlight the names of Jaime Moya, Natalia Suárez and Luis Felipe Noreña.

There is an excellent dynamic between the firm’s senior lawyers and the partners of the firm. Matters are assigned in a very effective way so that they are assumed by those who, according to their experience and capabilities, should know or solve the task.

The great strengths of the team come from the professional and human quality of its members. The preparation and dedication are exceptional.’

Their availability to customers, and the fact that they “put on the shirt” for the causes entrusted. They are always innovative and up-to-date with everything.

Key clients

OHL Colombia

Sacyr Concesiones Colombia


Concesionaria Desarrollo Vial al Mar (Devimar)

Empresas Públicas de Medellín (EPM)

Hyundai Engeneering and Construction

Stoa Infrastructure & Energy


Concesionaria Alternativas Viales

Mafer Real Estate de Colombia

Work highlights

  • Currently accompanying Concesionaria Desarrollo Vial al Mar (Devimar) on the consultancy for the execution of its project financing and providing general advise on all the matters related to the project’s execution and the concession contract.
  • Advised EPM on the organisation of a project with a strategic ally called INVENERGY to consolidate its participation in the renewable-energy market.
  • Advised Cruzco on the development of a real estate project to build 150,000 country houses for the elderly in Fusagasuga; as well as on the design and structuring of the project with the most suitable accurate vehicle to formalise an association with a possible partner who would be providing the lands for theundertaking of the project.

Colombia > Banking and finance Tier 5

The Medellín-based Goh (formerly Godoy Hoyos) maintains a small banking and finance practice primarily focused on regulatory, capital markets and project finance matters. The team continues to advise Devimar in the wake of the high-profile financing of the 4G Autopista al Mar 1 project, with clients describing its lawyers as 'very judicious and dedicated to the revision they undertake of the subjects entrusted to them'. Bogotá-based Jaime Moya (who led on the foregoing matter), has experience in the structuring and financing of oil, energy and transport infrastructure projects, investment and disinvestment processes, and capital markets matters. He and increasingly experienced senior associate Steffany Serebrenik are 'highly available to address concerns' and 'always provide very personalised attention to their clients'. Further support comes from fellow senior Natalia Suárez Sánchez; however, José Andrés Rojas left to found ARP Legal and Finance in June 2020.

Practice head(s):

Jaime Moya


It is a team with professional and expert knowledge in the subjects they work on. They are very judicious and dedicated to the revision they undertake of the subjects entrusted to them and therefore the concepts that they emit are of great utility and support.

They have good response times and the result is always of excellent quality. They are at the level of any top law firm in the world.

The personalised attention of the lawyers is one of the aspects that I highlight the most at this firm. It is, perhaps, one of the things that most differentiates them from other firms. Their concepts are clear and concise, very aimed at seeing the business as a whole and not just the legal part. They are concepts that can be shared with other areas of the company and are easy to understand.

We work mainly with Jaime Moya and Steffany Serebrenik. My comments primarily refer to these two: they always provide a very personalised attention to their clients, there is a very close relationship with both the partner and their team, which allows us to work with them in a very coordinated way. They are highly available to address concerns or accompany us in internal processes that are occasionally required.

It is a young team that has enough experience and knowledge to provide advice on the needs of our company.

They are lawyers who listen to the needs we have and are constantly analysing the issues we raise to propose solutions.

Key clients

Fondo de Capital Privado Armilla Capital

Concesionaria Desarrollo Vial al Mar (Devimar)

Credicorp Capital Colombia

Work highlights

  • Advice to closed, long-term, leveraged fund Armilla Capital on day-to-day operational matters related to its investments in strategic real estate assets, and on regulatory issues (given that PE funds are regulated entities.
  • Advised Devimar on the shareholders agreement, the finance and guarantee agreements with the lenders, and agents and EPC agreement, as well as providing support on the disbursements and general compliance of the financing documents related to the development of the Vial al Mar highway project.
  • Advice to Credicorp Capital’s local finacial entities (a stock-broker and a trust company), regarding compliance and regulatory matters.

Colombia > Corporate and M&A Tier 5

The former Godoy Hoyos, now known as Goh, undertakes complex corporate transactions such as capital reductions and spin-offs, as well as M&A, for clients drawn almost exclusively from the energy and natural resources sectors. Recent matters include a major corporate reorganisation and restructuring, the development of business collaboration agreements, and day-to-day operational matters including advice on tendering, contracts, negotiations, regulatory procedures and general corporate matters. The small practice benefits from the expertise of noted group-head Jaime Moya, who also handles project finance. Disputes partner Juan Sebastián Lombana also acts on corporate matters, specifically in terms of advisory to the hydrocarbons sector; and associate director for infrastructure, mines and petroleum, Álvaro Sabbagh, is also a key member of the team. However, partner-in-charge of the Medellín office, José Andrés Rojas left in June 2020.

Practice head(s):

Jaime Moya


Their level of responsiveness and opportunity in advising at the corporate level. Their invitations to legal news seminars.It is very much the level of quality of other world-class firms.

The practice is great. The best aspect is their speed in customer response time and the importance they place on it.

They excel in attention to detail, speed of response, and customer service.’

It is a flexible team, technically very good but creative and open to interpretations.’

The excellent attention and availability of Catalina Hoyos.

Key clients

R&R Lubricantes / Zeuss Petroleum


Seguros Generales Suramericana

Allianz Seguros de Vida

Auteco Mobility / Autotécnica Colombiana

Construcciones Colombianas OHL/OHL Colombia

Sacyr Concesiones Colombia

Concesionaria Vial Montes de Maria

Concesionaria Vial Unión del Sur

Oleoducto Central (Ocensa)


Bizagi Latam

Work highlights

  • Advising CPVEN E&P as non-operator of the joint venture for the VMM-32 block, incuding management of the relationship with block operator Ecopetrol and negotiation of the joint operating agreement.
  • Advised hydrocarbons logistics and transportation compan CENIT regarding a possible settlement with regard to ship-or-pay transportation contracts with Frontera Group.
  • Undertook a complete legal due diligence on behalf of Maurel & Prom in relation to the possible acquisition of oil and gas company Amerisur, whose assets and operations are primarily in Colombia’s southern Putumayo region.

Founded in 2004, GodoyHoyos has consolidated itself as a prominent leader of the legal services market in Colombia. The firm takes a practical, versatile, and innovative approach, supported on the knowledge, experience and leadership of its partners and associates.

The firm focuses in providing comprehensive legal advice to its clients on their most important business decisions, through a customised, friendly and sensible approach that is the hallmark of the very best boutique law firms. The firm’s partners are recognised as true leaders in their respective areas of practice in Colombia and abroad. Their experience includes counselling some of the most important domestic and foreign companies with operations in the country. They are also wellregarded professors of tax, corporate and contract law at some of the best law schools in Colombia, which is another factor that keeps GodoyHoyos at the forefront of legal services in Colombia.

Main Areas of Practice: Tax & Foreign Trade Corporate, Mergers & Acquisitions Antitrust Energy and Oil & Gas Infrastructure & Project Finance Litigation & Dispute Resolution Innovation, Technology & Startups.

Tax & Foreign Trade: GodoyHoyos advises clients in the private and public sector on their tax planning decisions, structuring domestic and international transactions, tax regulation, tax compliance (including transfer pricing) tax disputes and foreign trade. The team has experience and an impressive track record in complex tax and foreign trade matters across all industries, including agribusiness, commodities, energy, digital economy, financing, insurance, natural resources, telecommunications, among others. The firm also advises governments in improving its tax and foreign trade policies.

Corporate Law, Mergers & Acquisitions: GodoyHoyos advises its clients on the setting up and organisation of their businesses, drafting and negotiation of commercial contracts and on processes related to investments, sales, and mergers. The advice comprises the full cycle, including structuring transactions, merger control approvals, due diligence reviews, negotiation and drafting of contracts and closing of transactions.

The team has wide experience in deals of all sizes and across many industries, focusing primarily in big and medium sized mergers and acquisitions and with particular emphasis in public utilities, infrastructure and oil and gas.

Antitrust: GodoyHoyos advises its clients on antitrust compliance related to its business decisions and activities and represents them in investigations and court proceedings related to antitrust and unfair competition. The team specialises in complex antitrust matters in heavily regulated industries, particularly in the context of natural monopolies, highly concentrated markets and business with dominant position or market power.

Energy and Oil & Gas: GodoyHoyos advises companies with operations in the energy, mining and oil and gas industries. Its team has developed strong expertise in regulatory, contractual, environmental and tax matters related to businesses operating in the upstream, midstream or downstream part of these industries.

Infrastructure & Project Finance: GodoyHoyos advises sponsors, financial institutions and other investors in infrastructure projects and project finance. The advice comprises the award of concessions, structuring of consortia and drop-down agreements and negotiation of financial facilities. Its team has participated in the structuring and financing of some of the most important infrastructure projects in Colombia, including oil transport and logistics facilities, toll roads, ports and renewable energy plants.

Litigation & Dispute Resolution: GodoyHoyos represents its clients in commercial, administrative and arbitral disputes and other alternative dispute resolution methods, both as plaintiffs and defendants. Its team has significant experience in distribution law, in disputes related to oil and gas and infrastructure projects and in actions against regulatory agencies in public utilities and the energy sector.

Innovation, Technology & Startups: GodoyHoyos provides legal advice to its clients as they develop their startups. Working as their legal allies, GodoyHoyos supports them as they build up their disruptive, innovative or technology-based ideas. GodoyHoyos gives support to them by identifying any obligations and any preventive actions that they must implement at each step of the way as they consolidate their ideas, and by navigating the legal and regulatory ecosystem that applies to their specific industries.

Languages: Spanish, English, Portuguese, French

Clients: GodoyHoyos’ clients include national and multinational companies, many of which are among the top 100 companies in Colombia, operating in industries as as retail, oil and gas, infrastructure and construction, banking and securities, insurance, consumer products and technology. Clients include Almacenes Éxito, Cenit, Coltabaco, Credicorp Capital, Consorcio Minero Unido, Empresas Públicas de Medellín, ExxonMobil de Colombia, Grupo Bolívar, Huber SE, ISA, Isagen, Yanbal, Mapfre, Microsoft Colombia, Occidental de Colombia, Ocensa, Prodeco-Glencore Group, Productos Familia, Sacyr Concesiones Colombia, Strabag Colombia, among others.

Tax, State Contracts Catalina Hoyoschoyos@goh.law
Foreign trade, Mining, Oil and Gas Juan Pablo Godoyjgodoy@goh.law
Corporate & Mergers and Acquisitions, Infrastructure and Projects Jaime Moyajmoya@goh.law
Tax Mónica Hernándezmhernandez@goh.law
Litigation and Dispute Resolution Juan Sebastian Lombanajlombana@goh.law
Mining, oil and gas, Infrastructure and Projects Álvaro Sabbaghasabbagh@goh.law
International Trade / WTO Andrea Caicedoacaicedo@goh.law
Tax Catalina Amariscamaris@goh.law
Tax Luis Felipe Noreñalnorena@goh.law
Innovation, Technology & Startups Andrea Rojasarojas@goh.law
Number of Partners : 5
Numer of lawyers : 25
IBA (International Bar Association)
IFA (International Fiscal Association)
Partners : 5
Lawyers : 25
General Manager : 1