Market: El Salvador

Salvadorean bank gets French development loan

Salvadorean financial institution Banco Cuscatlán has enlisted Greenberg Traurig LLP in New York to obtain a US$30 million loan to support small and medium-sized businesses (SMEs).

25 January 2022

Guatemalan cement maker buys Cemex assets in Central America

Guatemalan construction materials manufacturer Cementos Progreso has hired Milbank in New York and Washington, DC, Cuatrecasas in Madrid and Mexico City and BLP in San José and San Salvador to buy Mexican cement maker Cemex’s operations in Costa Rica and El Salvador.

24 January 2022

García & Bodán helps US insurer PALIG set up Salvadorean branch

García & Bodán (El Salvador) has helped Pan-American Life Insurance Group (PALIG) establish a new, local branch in San Salvador with a portfolio of assets worth around US$38 million.

13 January 2022

Aguilar Castillo Love continues LatAm expansion

Regional firm Aguilar Castillo Love has set up shop in Bolivia by hiring two local partners, marking the firm’s continued expansion into South America.

04 January 2022

DOJ tip line is step in right direction to tackle corruption in Central America, say partners

Central American law firm partners welcome the US Department of Justice (DOJ)’s newly launched anti-corruption tip line for the region, but warn that all information communicated through the line must be treated with the utmost confidentiality to not damage the trust of the public.

28 October 2021

Delivery Hero continues expansion in Latin America

German food delivery company Delivery Hero has hired nine offices of global firm Dentons and Ulises Cabrera in Santo Domingo to acquire Salvadorean counterpart Hugo, handing it assets across Central American and the Caribbean.

27 October 2021

Telefónica signs new deal to sell assets in El Salvador

Spanish telecoms giant Telefónica has hired Latham & Watkins LLP in Madrid and New York and Arias in San Salvador, Guatemala City and Managua to sell its operations in El Salvador to Jaguar Fund for US$144 million.

25 October 2021

Consortium Legal steers cross-border agribusiness acquisition

Two Consortium Legal offices have helped agrochemical company Duwest acquire counterpart Agrinter’s operations in El Salvador and Honduras.

15 September 2021

Novis expands in Central America with more ex-Sáenz partners

Salvadorean law firm Novis Estudio Legal has opened offices in Costa Rica, Guatemala, Honduras and Nicaragua by adding two new partners and a group of lawyers from Sáenz & Asociados – the former firm of Novis' founding members.

02 September 2021

IDB Invest backs power storage project in El Salvador

Clifford Chance LLP in Washington, DC and Paris and BLP (El Salvador) has helped IDB Invest provide financing to French renewables company Neoen, which will use the funds to acquire two battery energy storage systems in El Salvador.

01 September 2021

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