Brigard Urrutia


Calle 70 BIS #4-41
Bogotá D.C.

+571 346 2011

+57 1 310 0609

Key contacts:

Marketing and Communications Leader: Lorena Galván
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Quick facts:

Number of lawyers: more than 150
Number of partners: 27
Network memberships: Lex Mundi, Pacific Rim Advisory Council, World Services Group, The Interlex Group, Club de Abogados, Colombia Fintech, ColCapital, LAVCA
Languages: Spanish, English, German, French, Italian, Portuguese, Mandarin

Founded in 1934 and with over 85 years of experience, Brigard Urrutia is recognised as a leading law firm in Colombia and one of the most prestigious in Latin America. Brigard Urrutia provides legal advice and assistance in all areas of business law and representation in a wide range of matters, including transactional and non-transactional advice, litigation and dispute resolution. In addition, Brigard Urrutia has experience as a service provider for an important national and international client which includes leading domestic and foreign financial institutions, multinational corporations, private equity/venture capital funds, state-owned enterprises, governments and multilateral agencies. The firm frequently advises on complex cross-border matters, and its attorneys have been involved in many of Colombia’s groundbreaking landmark transactions.
The firm has a multidisciplinary team of more than 150 attorneys specialized in various practice areas of business law, who follow the most rigorous ethical principles and the highest standards of professional excellence. All its partners and associates are fluent in at least one language other than Spanish, and many are admitted to practice in foreign jurisdictions.
Brigard Urrutia also has a management team that is constantly innovating through solutions, best practices, and trends to attain optimal customer experience levels. As part of its transparency policies and institutional values, it has a corporate governance structure that allows the firm to implement the best international practices. These practices help guarantee compliance of internal and external rules and achieve the objectives set forth in its strategic plan.
The firm provides its clients a privileged access to top tier law firms in most countries through global networks. These networks allow Brigard Urrutia to be at the forefront of best practices and global trends in the field of legal service provision, taking advantage of the experience of colleagues in other jurisdictions.

  • Asset finance
  • Banking
  • Capital markets: Debt
  • Capital markets: Derivatives
  • Capital markets: Equity
  • Capital markets: High yield
  • Competition
  • Covered bonds
  • Financial restructuring
  • Financial services regulatory
  • Hedge funds
  • Investment funds
  • M&A
  • Private equity
  • Private equity funds
  • Project bonds
  • Project development
  • Project finance
  • Real estate finance
  • Real estate funds
  • Restructuring and insolvency
  • Securitisation
  • Structured finance/securitisation
  • Trade finance

Capital Markets /Banking and Finance /Private Equity /ESG & Impact Investing

Carlos Fradique-Méndez - Managing Partner

Recent case highlights:

  • The Ecopetrol syndicated loan agreement entered into with The Bank of Nova Scotia and Sumitomo Mitsui Banking Corporation is part of a billionaire liability management and debt restructuring program that Ecopetrol is carrying out. Mr. Fradique led this complex transaction that aimed to provide resources for Ecopetrol to pay previous credit arrangements worth $665 million with Mizuho Bank LTD, The Bank of Nova Scotia and Banco Sabadell, and to make payments on maturing loans for the company's refinery in the Caribbean city of Cartagena. This is one of the first transactions that was done for a publicly traded, government-owned Colombian company using SOFR, amidst a change in national government that publicly and heavily criticized the oil & gas sector. Brigard Urrutia acted as Colombian local counsel to Ecopetrol in a deal that faced time-related challenges: disbursement of funds needed to match the strict deadlines of the facilities being repaid, while dealing with the authorization process required for public credit transactions before the Ministry of Finance, which put pressure in the teams involved to work together to achieve all milestones in time

Capital Markets /ESG & Impact Investing

Luis Gabriel Morcillo - Partner

Recent case highlights:

  • Mr. Morcillo led the LATAM exit marks unique Chapter 11 case. The deal involved a great deal of legal complexities in each of the jurisdictions involved. In Colombia in particular, lawyers from several of the biggest practices of the firm had to work together in order to achieve the result of emerging from Chapter 11. As a consequence, the litigation and insolvency team, the corporate team, the banking and finance practice and the capital markets’ practice worked cohesively in each of the fronts associated with the transaction, including: (i) the preparation and filing of documentation before the Superintendence of Companies in relation to the Bankruptcy proceeding existing under Colombian law, (ii) the preparation of the required documentation from a corporate perspective to authorize each of the complex aspects of the transaction, (iii) the review and drafting of the finance and security documents for the financing required for the exit of Chapter 11, and finally, (iv) the review and drafting of the required documents for the offering of bonds for the exit financing.

Banking and Finance / Project Finance / ESG & Impact Investing

César Rodríguez - Partner

Recent case highlights:

  • Bancolombia S.A. granted a 15-year COP $57 billion loan to Genersol S.A.S. E.S.P., the Colombian subsidiary of Spanish sponsor Grupo Ecoener S.A., for the final part of the construction and the operation phase of the Sunnorte Solar Photovoltaic generation park, located in Ocaña, Norte de Santander. The project has an installed capacity of 35MW and has more than 70 thousand solar panels, with 6 transformation centers.
  • Mr. Rodriguez led this transaction that contributes to the improvement in Colombia’s energetic matrix, enhancing the reliability of the National Transmission System in the northern part of Colombia, and is in line with Bancolombia’s commitment to invest in non-conventional renewable energy projects that in turn have a positive environmental impact in Colombia.
  • Brigard Urrutia is acting as counsel to Bancolombia S.A. in the granting of the COP$57 billion loan for the Sunnorte project. Being the only law firm involved in the financing, Brigard Urrutia also aided Genersol and its sponsor Ecoener in local law matters that were essential in achieving the necessary milestones for the successful granting of the loan.

Banking and Finance / Project Finance / Financial restructuring

Maria Fernanda Diago - Partner

Recent case highlights:

  • Maria Fernanda led Brigard Urrutia’s team in advising CFG Partners in the USD $150 million financing and acquisition of Alpha Capital’s and Vive Creditos’ assets. She actively participated in the design of the financing structure, which was a novel structure for an acquisition finance in Colombia: it involved an asset-backed structure being implemented at the moment of the acquisition and was structured as a multi-jurisdiction, cross-collateralized, asset-backed financing to be used for the acquisition of the Colombian businesses of Alpha Capital and Vive Creditos Kusida. The acquisition was done in a sale process under section 363 of the US Bankruptcy Code, it being the first 363-Sale to be done for a Colombian company, which involved additional hurdles in the structuring and negotiation of the financing given the strict timing imposed by the bankruptcy court and the multiple party interests involved. The transaction was closed in record time , and it had to be structured in a way that would also permit funds to be used by the different CFG entities in multiple jurisdictions in new loan originations to be made in the future in order to expand their business. Additionally, the Colombian portion of the transaction involved the negotiation of a hedge, where the hedge counterparty was a Colombian trust that acted as borrower in the financing, which presented additional hurdles in the negotiation and putting in place of the derivative
    Maria Fernanda’s role was key to the execution of the complex financing structure, acting as team leader and coordinating the multiple work fronts that allowed CFG Partners to successfully obtain the aforementioned financing. She was involved in both acquisitions and the financing, and at the same time, advising CFG in their general corporate and regulatory matters for opening their operation in Colombia.

  • Agriculture
  • Automotive
  • Aviation
  • Banking
  • Accounting
  • Construction and materials
  • Consumer goods and services
  • Energy
  • Financial services
  • Food and beverage
  • Gaming
  • Healthcare
  • Insurance
  • Investment management
  • Government and public policy
  • Media
  • Mining
  • Natural resources
  • Oil and gas
  • Real estate
  • Shipping
  • Social infrastructure
  • Tech and telecoms
  • Tourism
  • Transport
  • Utilities

  • Cali Office
    Calle 6 Norte #1 - 42
    Tel: +57 2 489 7394
  • Barranquilla Office
    Carrera 53 #80 - 198
    Tel: +57 5 385 0469