Technology and telecommunications
Ana Teresa is Managing Partner at Arias Nicaragua. She has advised international finance institutions reviewing the security structures and drafting the agreements. She also has advised foreign investors in their corporate organization to be used in Nicaragua as well as regulatory issues.
Ana Teresa has participated in complex transactions, including the due diligence and structuring the transaction to acquire companies in different areas such as retail, distribution, telecommunication, financial institutions, among others. She also acts as legal counsel to different local companies dealing with the day-to-day operations as way as taxes, labor and contracts.
Ana Teresa has also been involved in drafting and reviewing the “Ley de Garantías Mobiliarias” and “Ley de Leasing” to be approved by the National Congress as well as in the discussions of the “Ley de Promoción de la Competencia”.
She has experience in Competition Law, Project Finance, Tax and Merger and Acquisitions. She has participated in complex transactions, including the due diligence and structuring the transaction to acquire companies in different areas such as retail, distribution, telecommunication, financial institutions, among others. She also has advised international finance institutions and multilaterals to structure their loans to companies located in Nicaragua and/or the Central America region as well as structuring the securities to be granted. Ana Teresa plays a leadership role in Nicaraguan society by participating in mentoring programs for entrepreneur women with Vital Voices International Organization.
Ana Tereza holds a Degree in law at the Universidad Centroamericana de Nicaragua and is authorized to practice as a lawyer and notary public by the Supreme Court of Nicaragua. She also has a Master´s on Economic Law at the University of Chile and Master of Laws (LL.M.) from Cornell University.
Part of the team named "Tax Law Firm of the Year in Central America" by International Tax Review.
And highly ranked by prestigious legal directories.
Represented client IFC in its structure transaction to provide up to $125 million in financing to Nicaragua´s Banco LAFISE BANCENTRO, S.A.
IFC, a member of the World Bank Group, structured a transaction to provide up to $125 million in financing to Nicaragua’s Banco LAFISE BANCENTRO, S.A. to boost access to credit for small and medium entrepreneurs and increase access to housing loans for families. In addition, IFC’s financing is linked to the development of LAFISE BANCENTRO’S climate smart portfolio for companies which could access to credit to invest and to adopt more energy efficient practices and utilize cleaner energy sources. By introducing green finance standards into LAFISE BANCENTRO’s lending practices, IFC hopes to encourage other Nicaraguan financial institutions which are unfamiliar with this market to follow suit. The loan to LAFISE BANCENTRO will be committed in two different tranches: the first tranche, in March 2018, consists of a senior debt of $42.5 million and a subordinated debt of $32.5 million that will strengthen LAFISE’s capital. From the total amount, $50 million will be from IFC’s own account and the remaining $25 million will be provided by OFID (the OPEC Fund for International Development). The second tranche is expected to be committed in April 2018 and includes a senior debt of $20 million and a subordinated debt of $20 million provided by other parallel lenders. Senior loans will be granted with a tenor of 7 years and subordinated loans with a tenor of 10 years.
Represented client IDB Investment in its long –term financing for the construction for a new distribution center of CDN. The loan to CDN aims to provide long-term financing for the construction of a new distribution center located in Sabana Grande, outside of Managua capital. The estimated total project is estimated at US$25 million. The construction will include storage warehouses, parking lots, administrative office buildings, service areas, and a new filtration well system, which re-inserts rainwater into the aquifers of the zone. This will be the biggest warehousing facility in the country that has this sustainability characteristic. At the same time and as part of the indirect benefits of the project, some rural roads in poor condition around the project will be enhancing. For example: routes #1 and #154 that rides East-West could be connected completely with a North-South corridor that passes in front of the new facilities. Approximately, 1.6 kilometers in bad conditions (access roads to new CDN facilities) will be enhanced to facilitate better circulation around the area, and will also help decongesting traffic over Nicaragua’s most important route (Pan-American CA#1).
Represented client IDB Investment in its financing project of US$21,750,000.00 to BANPRO
The purpose of the Project was to grant financing to Banpro in order to (a) support the growth of Banpro’s “Green Financing” portfolio; and (b) provide expanded access to finance for its corporate, small and medium-sized enterprises (“SMEs”) and small agricultural producers to implement the following solutions: (i) renewable energy technologies; (ii) energy efficiency measures; and (iii) improved water and irrigation systems and other adaptation methods to mitigate climate risks for the agricultural sector, commonly referred as Climate Smart Agriculture practices (“CSA”).
Ana Teresa advised Brookfield Global Infrastructure Advisor Limited in the acquisition of Alliance S.A, and Ufinet Nicaragua S.A, reviewing the corporate and regulatory documents of both companies, and also assisted in the preparation of the contingencies of acquiring the companies and the requirements to proceed with the purchase in accordance with the Nicaraguan antitrust legislation. The transaction was part of a multi-jurisdictional acquisition of optical fiber companies in the region.
Baker McKenzie Colombia also advised Brookfield Global Infrastructure Advisor Limited in the acquisition.