
- Profile
Testimonials
Collated independently by Legal 500 research team.
‘They are very attentive to detail and are available. They handle the issues involved in different business areas and are interested in knowing the details of the industry in with which they are working.'
‘Gustavo Vargas takes the time to analyse all the details that need to be included in the contracts so that nothing is left unnoticed that could harm the company's interests in the future.'
‘Arias' corporate and finance team is one of a kind, combing experience, availability and knowledge.'
‘Bertha Argüello is one of the best in her field. Her experience, along with her expertise and technical knowledge, is remarkable.'
‘What makes them stand out is how accessible they are - they always answer a call or respond to an email, and are willing to provide the best service for any requirement.'
Key clients
- IFC
- Kola Shaler
- Grupo Bimbo
- Banco Santander
- Responsability Investments
- Banco Davivienda
Work highlights
- Advised Banco Davivienda on an unsecured loan of up to $10m to Eolo de Nicaragua and other CMI group companies for working capital and/or foreign trade, bank guarantees, standby letters of credit and commercial letters of credit.
- Advised Grupo Bimbo on the sale of its confectionery division, Ricolino, to Mondelez for $1.3bn.
- Advised the International Finance Corporation (IFC) on the third tranche of a multi-year financing to Monte Rosa sugar mill, including a short-term loan of $15m and a long-term loan of $10m.
Lawyers
Hall of fame
The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.

Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Next generation partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
Leading associates
Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.
Practice head
Ana Teresa Rizo; Bertha Argüello; Gustavo-Adolfo Vargas; Rodrigo Ibarra