FIRM BRIEFINGS OTHER JURISDICTIONS
cision in a $6 million tax dispute for client Overseas Petroleum and In- vestment Corporation. The same partner obtained another large set- tlement for Suelopetrol Venezuela in a tax dispute settled in April 2012.
EL SALVADOR Benjamín Valdez & Asociados
2012 Firm Overview Cross-border experience
Costa Rica, Guatemala, Honduras, Nicaragua
Most active disciplines Disputes: Public, Tax, Financial and corporate, White-collar crime Financial and corporate: Banking, Commodities trading and energy derivatives, Equipment/asset finance, Investment funds, M&A, Private equity, Project finance Public: Competition, Construction, Employment, Environmental, Land, Projects, Regulatory Tax: Corporate tax, Indirect tax, Transfer pricing
Key energy sectors Mining and metals, Oil and gas, Renewables
Key infrastructure sectors Airports and aviation, Ports and shipping
Key partners Aquiles Delgado, Diego Martin Menjivar, Oscar Samour
Benjamín Valdez & Asociados, known as El Salvador’s first boutique law firm, offers a range of services to corporate clients, with a particular aptitude for mergers and acquisitions, issuances, and banking and fi- nance. In February 2012, Benjamín Valdez advised Esso Standard Oil in
the sale of its refining, oil distribution, aviation and marine operations to Puma Energy in locations throughout Central America. The sale was valued more than $1 billion. After the transaction between Esso and Puma, Benjamín Valdez started advising Puma on its day-to-day oper- ations. Currently, the firm is advising Ente Operador Regional, a regional
electricity market operator, on various issues related to electricity reg- ulations.
Consortium - Centro América Abogados
2012 Firm Overview Most active disciplines
Disputes: Financial and corporate, Tax Financial and corporate: Banking, M&A, Private equity, Project finance Public: Competition, Environmental, Employment, Land, Projects and Regulatory Tax: Corporate tax
Key energy sectors Power networks and distribution, Oil and gas
Key infrastructure sectors Water and sewage
Key partners Benjamin Valdez, Benjamin Miguel Tamayo, Luis Tevez
Consortium - Centro América Abogados is part of five law firms that operate in the Central American countries of Guatemala, Honduras, Nicaragua, and Costa Rica. With a lengthening list of clients, the firm is expected to gain an additional 6,000 square feet of office space by
ENERGY & INFRASTRUCTURE | LATIN AMERICA 2013 87
the end of 2013 to accommodate its growth. Consortium has advised URBANISA, a subsidiary company of the Guatemalan developer, GRUPO UBICA, in an upper middle class private residential devel- opment project located in Zaragoza, La Libertad. The project closed in August 2012, and is valued at $17 million. In December 2012, the firm counseled Puma Energy on the granting of a syndicated loan to Puma Energy for $300 million, to finance the purchase of ExxonMo- bil’s assets in El Salvador.
GUATEMALA Carrillo & Asociados
2012 Firm Overview Cross-border experience
Colombia
Most active disciplines Disputes: Financial and corporate, Public, Tax, White-collar crime Financial and corporate: Banking, Equipment/asset finance, Investment funds, M&A, Private equity, Project finance Public: Competition, Construction, Employment, Environmental, 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, Education, Healthcare, Ports and shipping, Rail, Roads, Water and sewage
Key partners Rodolfo Alegria, Joaquin Alvarado, Rodrigo Callejas
Carrillo & Asociados has been offering legal services in the country since the 1940s. In late 2008, the firm merged with Beltranena De la Cerda & Chávez to offer services in the energy and natural resources sector, foreign investments including project finance and international commerce transactions. Carrillo advised Constructora Norberto Odebrecht with the nego-
tiation and carrying out of a contract for the partial reconstruction and expansion of the Pan American Road. The process ended in December 2012 and is valued at more than $350 million. In January 2012, the firm assisted a port terminal developer with the drafting and negotiat- ing of an agreement to supply services for a port terminal for the im- portation of solid fuels into Guatemala’s ports. The agreement would proceed in conjunction with a coal power plant under construction and would be used as collateral in financing arrangements for the port terminal. Carrillo is also advising two international oil companies in their bids to the Ministry of Energy and Mines for oil exploration con- tracts.
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