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FIRM BRIEFINGS OTHER JURISDICTIONS Medina Rosenthal has been advising West Bay Land Corporation


on the construction of a new hotel in Bay Islands, Honduras. On No- vember 20 2012, the firm obtained the environmental license to begin construction. With a value of more than $40 million, the project is ex- pected to be completed by the end of 2013. Medina Rosenthal has also been counseling a client for participating in the more than $400,000 tender process of the General Cargo and Containers Terminal of Puerto Cortes launched by Coalianza in September 2012. The prequalification stage ended on January 21 and the contract will be awarded to the win- ning bidder, which must be a private operator that complies with all required criteria and offers more benefits to the State of Honduras.


Consortium - Centro América Abogados


2012 Firm Overview Cross-border experience


Brazil, Costa Rica, El Salvador, Guatemala, Nicaragua, Peru


Most active disciplines Disputes: Financial and corporate, Public, Tax 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, Projects, Regulatory Tax: Corporate tax, Indirect tax


Key energy sectors


Mining and metals, Oil and gas, Power networks and distribution, Renewables, Traditional power


Key infrastructure sectors Airports and aviation, Education, Healthcare, Ports and shipping, Roads, Water and sewage


Key partners Armando Manzanares


Consortium - Centro América Abogados in Honduras has history dat- ing back to 1982 when it first opened for business, operating under the name JR Paz & Asociados. In December 2008, the firm became a part of a regional group consisting of firms in Guatemala, El Salvador Nicaragua and Costa Rica. Specializing in corporate and commercial law, Consortium is considered a leading law firm in Honduras. The firm is providing ongoing legal assessment to APM Terminals


on the prequalification in the International Bid for the operation, de- sign, construction and exploitation of the General Cargo Terminal of Puerto Cortes, Republica de Honduras. The firm is also working with ORMAT on the acquisition of the first geothermal energy project in Honduras, which, it is hoped, will produce a total of 35MW. The firm has been working on the issue of corporate structuring of the partici- pating entities, and has performed the regulatory and land due dili- gence. Consortium is counseling Energia Eolica De Honduras on expanding the capacity of the Cerro de Hula wind farm to 24 addi- tional MW. With completion anticipated this year, the project will be the largest wind farm in Honduras. On an ongoing basis, the firm is providing ongoing legal advice to BG International in the process of authorization of signature of a contract of exploration and exploitation of hydrocarbons (fuel and/or natural gas) with the Honduran govern- ment.


NICARAGUA Alvarado & Asociados


2012 Firm Overview Most active disciplines


Disputes: Financial and corporate, Public, Tax Financial and corporate: Banking, Commodities trading and energy derivatives, 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


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, Water and sewage


Key partners Gloria Maria de Alvarado


The spike in mining activity in Nicaragua over the last 18 months has spawned opportunities for firms small and large, local and global. One of the local firms to ride the wave and put its knowledge of local law to use is Alvarado & Asociados, managed by partner Gloria Maria de Alvarado. The firm is expanding its work in both mining and energy. Some of the firm’s clients and transaction values are confidential, but what can be disclosed gives a good indication of the capabilities of a small but ambitious firm. Currently, Fabiola Urbina Sotomayor is advising a client, whose


identity is confidential, on the process of becoming qualified to obtain a concession for the exploration of hydrocarbons available for mining and processing. Yuri Cerrato Espinoza and Luz Marina Espinoza acted as counsel to


a major global corporation, also confidential, on the incorporation of one of its branches as a foreign legal entity authorised to pursue mining exploration-related activities in Nicaragua. Over the last two and a half year, lawyers from the firm have partic-


ipated in a corporate restructuring and merger involving several local companies with an interest in forestry. The work breaks down into in- terrelated tax, contract, antitrust, and other regulatory components.


ENERGY & INFRASTRUCTURE | LATIN AMERICA 2013 89


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