Adell & Merizalde
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International arbitration boutique Adell & Merizalde operates from three platforms in Colombia, Panama and the Dominican Republic, positioning it as a key contender for pan-Latin American cases. Routinely engaged to advise on both commercial and investor-state matters, the team is experienced across all major industry sectors, with a focus on disputes arising from infrastructure, energy, mining and telecoms projects. Names to note in the Bogotá-based team include firm co-founder Juan Felipe Merizalde, who is representing the Ministry of Infrastructure and Transport of the Republic of Ecuador in proceedings under Permanent Court of Arbitration (PCA) rules related to the expansion of a highway in Ecuador. Other senior contacts are Nicolás Córdoba, who was promoted to partner in January 2026, and Panama-qualified director Andrea Santacoloma, who splits her practice between Colombia and Panama. A growing pool of experienced associates includes senior associate Juana Martínez, who joined in September 2025 from Colombia’s National Agency for Legal Defense (ANDJE), where she was head of investment arbitration; and Guatemala-qualified intermediate associate Sofía Galindo, who brings strong international experience gained during earlier stints at Paris-based firms.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
- Adell & Merizalde is an excellent team.
- We value its arbitration lawyers for their knowledge of Latin American laws.
Key clients
- Republic of Costa Rica
- Ministry of Infrastructure and Transport (formerly, Ministry of Transport and Public Works) of the Republic of Ecuador
Work highlights
Representing the Republic of Costa Rica in an ICSID investment arbitration launched by three German investors.


