FIRM BRIEFINGS OTHER JURISDICTIONS Cárdenas & Cárdenas Abogados
2012 Firm Overview Most active disciplines
M&A, Projects
Key energy sectors Mining and metals, Power networks and distribution
Key infrastructure sectors Rail, Water and sewage
Key partners Andres Fernández De Soto, Bernardo Cárdenas, James Valdiri
Cárdenas & Cárdenas has grown into a formidable presence in the Colombian legal market, putting to use a century of experience. The firm has represented clients in the mining of nickel, gold, and coal, and has advised companies in the construction of refineries and pipelines and in the negotiation of oil transportation agreements. “They have a good depth of knowledge of the infrastructure sector,” one client says. “We have always received outstanding and professional service [and they are] available when you need the advice.” Not all of the firm’s recent deals can be publicly disclosed, but Cár-
denas & Cárdenas counseled Consorcio Acuavalle in arbitration worth about $15 million against a governmental entity for damages arising out of wrongful termination of a public works contract.
Moncada Abogados
2012 Firm Overview Most active disciplines
Disputes: Financial and corporate, Public Financial and corporate: Commodities trading and energy derivatives, M&A, Project finance, Public: Construction, Projects
Key energy sectors Mining and metals, Oil and gas
Key infrastructure sectors Defence, Healthcare, Ports and shipping, Rail, Roads
Key partners Juan Carlos Moncada, Alvaro Barrero Buitrago, Ana Maria Moncada
Moncada’s recent transactions make it stand out as one of the most in- novative law firms in Colombia. It finds solutions to problems that might have caused less skilled lawyers to throw up their hands and walk away. On November 2 2012, Moncada attorneys Alvaro Barrero, Juan
Carlos Moncada, and Jorge Garcia completed a capitalisation and ter- mination of control deal for Ferrocarril del Pacifico, valued at more than $8 million. The ingenious and highly creative plan, which was es- sentially Barrero’s brainchild, was to reconfigure the company into a joint stock company, permitting investors to make payment on the cap- italisation in two years. Moncada also convinced FDP’s shareholders to slash their participation in a fixed ratio of 75%, so as to cover the company’s losses. An offer for capitalisation was issued for all share- holders. The transaction won the approval of the National Infrastruc- ture Agency and the Superintendence of Ports and Transportation, putting an end to the control situation. In September 2012, Moncada attorneys represented Worldwide En-
ergy Investments in the $18 million acquisition of outstanding shares of Worldwide Energy Investments, a company under the ownership of Tectum Energy. In the same month, Moncada provided counsel to So- ciedad Portuaria Puerto Bahía and a consortium of local firms in the construction of a massive liquid management terminal, with a spe-
cialised capacity to store hydrocarbons, in Cartagena, Colombia. The terminal is valued at $165.5 million.
Muñoz Tamayo & Asociados Abogados
2012 Firm Overview Most active disciplines
Disputes: Financial and corporate, Public, Tax Financial and corporate: Banking, Equipment/asset finance, M&A, Private equity, Project finance Public: Construction, Environmental, Land, Projects, Regulatory Tax: Corporate tax, Indirect tax Transfer pricing
Key energy sectors
LNG, Mining and metals, Oil and gas, Power networks and distribution, Renewables, Traditional power
Key infrastructure sectors Airports and aviation, Ports and shipping, Roads, Rail, Roads, Water and sewage
Key partners Herman Galán, Diego Muñoz-Tamayo
Muñoz Tamayo & Asociados Abogados prides itself on thinking outside the box when advising its clients. Many of the firm’s recent and current deals are confidential. In November 2012, the firm acted as defendant in lawsuit filed against Pacific Rubiales Energy, formerly Alange Energy Corp S Colombia, and other parties, concerning environmental claims arising out of an oil and gas operation.
Palacios Lleras
2012 Firm Overview Most active disciplines
Disputes: Financial and corporate, Public, Tax Financial and corporate: Banking, Investment funds, Private equity, Project finance Public: Competition, Construction, Environmental, Land, Projects, Regulatory Tax: Corporate tax, Indirect tax
Key energy sectors
LNG, Mining and metals, Oil and gas, Power networks and distribution, Renewables, Traditional power
Key infrastructure sectors Airports and aviation, Defence, Education, Healthcare, Ports and shipping, Roads, Rail, Water and sewage
Key partners Luis Alejandro Pando, Hugo Palacios Mejía
For nearly four decades, Palacios Lleras has provided legal advice in sev- eral practice areas in Colombia. The firm’s client base includes large private entities and public agencies. Currently, Palacios Lleras is defending Terminal de Graneles Líqui-
dos TERLICA in a lawsuit seeking a judicial order to obtain a port con- cession that was wrongfully rejected, as well as compensation for damages. The claim is worth approximately $17 million. The firm also provided counsel to the National Planning Depart-
ment on a LNG import project involving the eventual construction of regasification plants, as well as an alternative-energy company focused on a gas distribution and transportation project in the northern part of the country.
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