"Transparency" and "fair negotiations" with "no games" is how a competitor describes his experience with Prieto & Carrizosa, adding that the firm has an enviable career development program. The firm's well-known name and highly-qualified professionals make it a trusted leader in the Colombian market....
[more]
"Transparency" and "fair negotiations" with "no games" is how a competitor describes his experience with Prieto & Carrizosa, adding that the firm has an enviable career development program. The firm's well-known name and highly-qualified professionals make it a trusted leader in the Colombian market. "I would not hesitate to use [them]," said one competitor, when asked which firm he directs clients to when conflicts arise.
In banking and finance, the firm moved up a tier based on positive market feedback and an active practice. In November 2010, the firm advised Banco de Bogotá on financing the acquisition of BAC Credomatic with a $1 billion loan-the bank's first international investment. Prieto & Carrizosa also helped Bank of America and Correval structure a bond issuance for Bavaria worth roughly $957 million. Corporate structural issues regarding SABMiller's relationship with its subsidiary Bavaria made the offering a complex undertaking.
The firm also had an active year in M&A, having advised Ecopetrol on acquiring assets held by BP Exploration - one of the larger acquisitions completed in the country last year. Additionally, a team led by Martín Acero helped with Scotiabank's acquisition of a 99.8% interest in RBS (Colombia) and a 5.09% interest in RBS Securities in a highly competitive bidding process. The transaction marked Scotiabank's formal entrance into the Colombian financial market and utilised the firm's regulatory, tax, and anti-trust practices.
"They are very experienced in the practice areas they cover," says one client. "They dedicate a lot of senior lawyer time to their projects and partners personally guarantee the quality of their work."
[hide]