Leading research for the maiden edition of The Legal 500 GC Powerlist Spain: Latin America Specialists was a great honour. It was characterised by a high level of engagement, a variety of extensive interviews and an opportunity to identify and liaise with Latin America specialists based in Spain and beyond. I am certainly appreciative of the time spared by these brilliant in-house lawyers to share their plans for their organisations and the investments and transactions they are leading their companies through in Latin America.

Against a backdrop of vast political and regulatory changes in Latin America, GCs are committed to reinforcing their company’s presence within Latin America. In the words of Alejandro Rincón Nieto, chief legal officer of Almar Water Solutions, ‘we will maintain our investment targets, provided the exchange rates and inflation compared to dollar remains assumable, and regulatory changes, like in Chile and Perú, do not harm carrying out business in the country.’ Other GCs such as the group legal counsel of Urban Developers and Investors, agreed with the sentiments about their organisation’s plans too, ‘Urban Developers and Investors are actively looking for new potential projects in Costa Rica, Panama and Colombia with the aim of extending our presence in the region.’

Moreover, many general counsel interviewed confirmed that the context of the pandemic had given them unique challenges doing business in Latin America. The majority of interviews were characterised by GC’s innovative solutions to handling the gravity of the effects of the pandemic on the region, such as contractual shielding to protect their organisations. Succinctly put by David Burger, the legal department manager of GAM, ‘our strategy consists of inorganic growth taking advantage of the global market situation, focusing our operational growth on businesses without capex, especially the distribution, maintenance and training line of business and limiting our exposure to risk through contractual shielding of our commercial relationships.’

Despite the political and economic volatility that countries in Latin America experience, GCs in this edition of The Legal 500 GC Powerlist Spain: Latin America Specialists 2022 remain committed to leading their companies through hefty investments into the region. The relationship between Spain and Latin America remains fertile, with efforts being directed to increasing hiring efforts and interest in incorporating support from local companies. In the words of the director of legal advice and internal audit of CAPSA, Manual Morales Zapata, ‘We consider the LaAm market of maximum interest. We intend to continue the existing operations with the same clients and interlocutors, whom we already know, and to go little by little to increase the market.’

Summarily, these interviews conducted allowed for a brilliant and sound publication which sheds light on challenges in doing business in Latin America, pioneering solutions to these challenges and focuses on the historic relationship between the Latin American region and Spain.

We are glad to have such an esteemed list of leading legal professionals actively participating in this publication. It was such a pleasure to hear their highlights in their line of work and encapsulate their motivation in this publication. Tonight, they join hundreds of legal professionals globally located, in being recognised as Latin America Specialists in Spain and beyond. Congratulations to all the brilliant, innovative leading in-house counsel of The Legal 500 GC Powerlist Spain: Latin America Specialists 2022!

Melissa Yebisi| Research Analyst