Latin America Guide 2027 : Guatemala
Ranked Individuals
Provided by Arias
Arias' Banking and Finance department is one of the most active and sophisticated practices in Guatemala, handling a high volume of complex transactions each year. Led by partner Luis Pedro del Valle, the team is recognized for coordinating cross-border financings that demand technical precision and seamless execution, often managing more than ten stakeholders within a single transaction.
The practice is headed by standout practitioner Cindy Arrivillaga, alongside Senior Counsels Florencio Gramajo and Francisco Zuluaga, and Senior Associate Andres Marroquin. Most team members bring international academic training or experience at foreign firms, lending the department a global perspective that has positioned it as a rising force in the market.
The team advises across the full spectrum of banking and finance matters, from corporate lending and structured finance to syndicated loans and development-oriented facilities. Its clients span leading local banks, fintech companies navigating Guatemala's digital finance landscape, and major corporations on high-value and green financings, including initiatives with clear community impact such as SME and microfinance lending.
Clients value the team's responsiveness and practical approach. Few teams in the region match its depth of local regulatory insight paired with the international fluency to execute complex, multi-jurisdictional deals, keeping Arias firmly in the region's top tier.
Provided by Chambers
Outstanding regional firm Arias possesses a remarkable banking and finance department in Guatemala, with a strong lender-side practice. The team offers key expertise in advising development banks on credit facilities aimed at SMEs and sustainable initiatives. The department complements its lending practice with solid capital markets expertise and is well placed to advise clients on debt instruments.
Provided by Chambers
Arias acted as counsel to Citibank regarding amendments and termination of security arrangements relating to a USD100 million credit facility for Avianca Group.
Provided by Chambers
We work regularly with Arias and are very satisfied with its service. The firm is able to handle complex and demanding security matters with agility through a strong, accessible and capable team.
Arias is highly specialised in complex financing matters, and I am fully convinced that its team has all the necessary expertise to advise on any legal matter related to the banking and finance sector. The professionals who support us are always attentive to every detail of the transaction, providing proactive follow-up throughout.
Provided by Chambers
Head of department and experienced partner Luis Pedro Del Valle acts for both lenders and borrowers on acquisition and transactional financings in Guatemala. He is also well placed to advise clients on regulatory matters and credit facilities.
Luis Pedro Del Valle provides proactive advice and support, ensuring consistent follow-up and a comprehensive view of the issue.
Director Cindy Arrivillaga receives positive feedback from interviewees for her banking and finance practice in Guatemala. She is active on lending transactions for leading financial institutions across a range of sectors, including agribusiness, aviation and energy.
Cindy Arrivillaga demonstrates close attention to both matters and clients, and possesses strong technical knowledge of digital credit and digital assets.
Head of Banking & Finance
Banking & Finance
Provided by Arias
Francisco Zuluaga
Andres Marroquin
Cindy Arrivillaga
View profile of Cindy ArrivillagaGlobal 2026
Practice area: Banking & Finance
Location: Guatemala
View department profile for Global 2026Latin America 2027
Practice area: Banking & Finance
Location: Costa Rica
View department profile for Latin America 2027
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