El Salvador

IFLR1000 Reviews

Financial and corporate

Arias is a leading transactional firm for banking and M&A.

Most of the firm’s recent banking deals involve advice to the lenders and the firm saw work in the pharmaceuticals and banking sectors recently. The banking team is also active on the project finance of energy projects, where it has recently advised a mix of sponsors and lenders.

The M&A team advises a mix of buyers and sellers. It has seen recent work in the real estate, automotive and pharmaceuticals sectors.

The project development team has advised bidders on tender processes for contracts for roads and water treatment plants this research period.

The firm hired Javier Aguilar, who practices banking, M&A and project development, as a regional legal coordinator from IDB Invest.

Recent Deal Data highlights

•                      América Móvil $648 million acquisition of Telefónica Guatemala and El Salvador  

•                      Banco Agricola $60 million financing

•                      Inchcape $284 million acquisition of Grupo Rudelman

Client feedback

“Excellent legal service and customer service. Great ethical standards.” – Banking

“They are very reactive, and very knowledgeable of El Salvador's business environment. I can't recall any potential weakness.” – Project development   

Zygmunt Brett

“Zygmunt is always available to assist us, and he manages to make us feel as if we were his only client.”

Mariana Nochez

“She is very proactive and provides feasible solutions.”

Luisa Rivas

“Luisa is an excellent all around lawyer who manages different practice areas with sound clarity. She also knows the business environment of El Salvador very well.”

Benjamín Valdez & Asociados

Benjamín Valdez & Asociados is an active M&A firm that advises a mix of buyers and sellers and has seen some notable recent work in the banking sector.

Over the research period the firm also advised a creditor on a debt restructuring and an investor on investing in projects.

Recent Deal Data highlights

•                      Grupo Perinversiones acquisition of Banco Azteca El Salvador

Client feedback

“Benjamin Valdez & Asociados has been excellent in every facet of work that have done for us. Their advice has been spot on, their legal work has stood up to review by other lawyers, their responsiveness and creative has been great, their network in the sectors and agencies we need has been comprehensive, their reputation has been sterling and they have worked well with their counterparts on our team and others. I have no criticisms or areas for improvement.” – Financial services regulatory

Benjamin Valdez, Sr.

“Benjamin has been excellent in all the ways his firm has been.”


BLP advises on lender and borrower side banking deals, and saw financing work in the financial services and telecommunications sectors this research period.

The firm also advises buyers and sellers on M&A and this research period has seen some notable work in the logistics sector.

Consortium Legal

Consortium Legal is a leading financial and corporate firm, especially for banking and finance matters.

The firm’s banking team primarily advises lenders on loan agreements and has seen work this research period in the banking and energy sectors. The firm also advised an issuer on a notes issue in the telecommunications sector.

M&A work over the research period included sell-side in the banking and energy sectors.

Recent Deal Data highlights

•                      Banco Cuscatlan acquisition of Scotiabank El Salvador

•                      Banco Promerica $15 million financing

•                      Republic of El Salvador $96.9 million financing

García & Bodán

García & Bodán, over the research period, has helped clients the technology and aviation sectors restructure in El Salvador.

In M&A the firm advised a telecommunications client on the purchase and sale of telecommunications towers.

Recent Deal Data highlights

•                      El Amatillo border crossing

Guandique Segovia Quintanilla – Latamlex

Guandique Segovia Quintanilla – Latamlex is a strong financing firm which has advised a mix of lenders and borrowers over the research period. Active sectors included telecommunications, automotive and food and beverage.

Recent Deal Data highlights

•                      CrediQ $154.4 million financing

Mayora & Mayora

Mayora & Mayora is an active transactional firm.

Over the research period, in the banking area, the firm advised banks and borrowers on loans in the energy and outsourcing sectors.

In M&A the firm advised buyers on regulatory issues and due diligence related to acquisitions.

Recent Deal Data highlights

•                      Capella Solar 140MW photovoltaic plant

Romero Pineda

Romero Pineda is a strong transactional firm that advises borrowers and lenders on financings, and this research period has seen work in the energy sector.

The firm has also advised aviation companies on obtaining permits, a real estate developer on acquiring land and a buyer on an acquisition in the insurance sector.

Project development is a strong area for the firm. It advised an EPC contractor on permits related to an energy generator, and advised a developer on the expansion of an LPG (liquefied petroleum gas) facility.

Recent Deal Data highlights

•                      Acajutla 378MW natural gas plant

•                      Bósforo 100MW photovoltaic power plant

Central Law El Salvador

Central Law advises buyers, sellers and merger parties on M&A and has seen recent work in the food and beverage, consumer goods and services sectors.  

The firm also advises borrowers and lenders on loan agreements and has worked in the banking and energy sectors this research period.

Recent Deal Data highlights

•                      Kerry Group $1 million acquisition of Aromateca

Client feedback

“Great staff. Very professional.” – Financial services regulatory             


ECIJA is an active transactional and projects firm. 

The research period saw the firm advise borrowers on financings and debt restructurings, though sector information was confidential.  

The firm’s project development team has advised a construction company on bidding, development matters and EPC agreements for an energy project.  

Client feedback  

“This a great firm, the team of lawyers that work in this firm, are always open to help the clients in any area and are extremely professional. I haven't seen any weaknesses so far.” – Banking and finance 

“The firm was very accurate and fast.” – M&A, Real estate  

“Good management of a problematic situation. The firm reached a beneficial solution for both companies. Good knowledge on the development of private and government projects.”  - Project development  

“Great at dealing with city offices and permits, negotiations, and contracts. A weakness is the delivery times.” – Project development  

“An excellent buffet of lawyers. Has good collaborators to help you.” – Project development  

“Very good work in the interpretation of contractual terms and advice that we requested.” – Project development  

Latin Alliance

Latin Alliance is an active transactional firm, particularly in deals involving real estate. Recent work includes lender side roles on real estate financing, advising a listed real estate company on a capital increase, and advising a telecommunications company on a property sale.

Recent Deal Data highlights

•                      JOR $24 million financing


Lexincorp is an active financial and corporate firm.

Recent deals include advising a borrower in the energy sector on reducing its line of credit with a bank, and advising a lender on granting credit to finance the purchase of inventory in the packaging sector.