Friday, 27th January 2012 by Rosie Scammell

Three offices from the Consortium - Centro America Abogados network are acting as counsel to Banco Davivienda, Colombia’s third largest bank, in its US$801 million takeover of HSBC’s assets in Costa Rica, El Salvador and Honduras.

Banco Davivienda will acquire assets in Costa Rica, El Salvador and Honduras (Credit: DennisSylvesterHurd)
Consortium is joined by other Davivienda counsel Arias, Fábrega & Fábrega and Dudley & Asociados in Panama, Addleshaw Goddard LLP in the UK and Hughes Hubbard & Reed LLP in the US.

As reported by Latin Lawyer yesterday, HSBC is taking counsel from Arias & Muñoz in Costa Rica and El Salvador, and López Rodezno & Asociados in Honduras. Linklaters is steering the work from the US and the UK, while Brazilian firm Machado, Meyer, Sendacz e Opice Advogados is providing M&A counsel in the deal. Morgan & Morgan in Panama and Mexico’s Berdeja Abogados SC are also on board.

The Davivienda buy is a sign of wider interest in Central America from the Colombian market, following on from last year’s US$3.8 billion acquisition of ING Groep’s assets in the region by financial holding company Grupo de Inversiones Suramericana (Grupo Sura), a deal managed by Shearman & Sterling LLP, Sullivan & Cromwell LLP and 10 Latin American firms across five countries.

Counsel to Banco Davivienda

In-house counsel - Mauricio Valenzuela Gruesso and Elisa Claudia Balen y Valenzuela

UK

Addleshaw Goddard LLP
Partner Charles Penney and associate Hugh Lauritsen

US

Hughes Hubbard & Reed LLP
Partners Amy Dulin and Michael Weinsier, and associates Brian McEvoy and Matt Syrkin

Costa Rica

Consortium - Centro America Abogados
Partners David Arturo Campos and Mario Quesada Bianchini, and associates Randall Barquero and Carolina
Chinchilla

El Salvador

Consortium - Centro America Abogados office in El

Salvador

Partners Aquiles Delgado, Oscar Samour and Diego Martín-Menjivar, and associates Marcela Zelaya, Salvador Choussy, Stephanie Montoya and Cesar Ramos

Honduras

Consortium Centro America Abogados - Honduras
Partners José Ramón Paz and Jose Rafael Rivera, and associates José Miguel Álvarez

Panama

Arias, Fábrega & Fábrega
Partner Ricardo Arango
Dudley & Asociados
Partner Antonio Dudley
Counsel to HSBC
Linklaters

UK

Partners Aedamar Comiskey, John Crozier and Martin Lynchehan, counsel Will Robinson and associates Dominic Kendal-Ward, Georgina Kon and Sarah Dickman

US

Partner Conrado Tenaglia and associate Peter Cohen-Millstein

Costa Rica

Arias & Muñoz (Costa Rica)
Partners José Antonio Muñoz and Daniel Araya

El Salvador

Arias & Muñoz (El Salvador)
Partners Francisco Armando Arias, Roberta Gallardo and Ana Mercedes López

Honduras

López Rodezno & Asociados
Partners Rene López Rodezno and Jorge López Loewenberg

Mexico

Berdeja Abogados SC
Partner Teofilo Berdeja Prieto

Panama

Morgan & Morgan
Partner Inocencio Galindo and associate Roberto Vidal

Brazil

Machado, Meyer, Sendacz e Opice Advogados
Partners Eduardo Avila de Castro, Renato Gomes Ribeiro Maggio and Camila Borba Lefèvre, and associate Bruno de Oliveira Duarte Ferreira

(Latin Lawyer 27.01.2012)

(Notícia na Íntegra)