Firm / Organisation

Palacios Lleras

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Partners: Hugo Palacios Mejía (Managing Partner), Óscar Fabián Gutiérrez Herrán, José Alejandro Herrera Carvajal, Pedro Leonardo Pacheco Jiménez, Andrés Palacios Lleras, Carolina Deik Acostamadiedo
Number of partners: 6
Number of other lawyers: 11

Administrative & Constitutional Law:
Hugo Palacios Mejía, Carolina Deik Acostamadiedo
Energy & Natural Resources: Óscar Fabián Gutiérrez Herrán
Dispute Resolution: Hugo Palacios Mejía, Pedro Leonardo Pacheco Jiménez
Infrastructure & Utilities: Hugo Palacios Mejía, Óscar Fabián Gutiérrez Herrán
Banking & Finance: Pedro Leonardo Pacheco Jiménez
Corporate/M&A: José Alejandro Herrera Carvajal
Competition/Antitrust: Andrés Palacios Lleras
Telecommunications: Pedro Leonardo Pacheco Jiménez
Tax: José Alejandro Herrera Carvajal

Firm Overview:
Palacios Lleras was founded in 1976 by former Governor of the Central Bank and former Minister of Finance Hugo Palacios Mejía. Its partners are highly regarded figures in the legal market, and the firm is recognised as a prestigious boutique that has advised the most important government agencies, public institutions and private companies in extremely complex issues. All partners and senior associates are fluent in Spanish and English.

Main Areas of Practice:

Administrative & Constitutional Law:
Some of the proposals that the firm made when the Constitution of 1991 was being drafted are now part of the constitutional text. The firm has advised multiple ministries, administrative departments and decentralised entities regarding intricate issues in the framework of high-impact public policies. The firm also represents private entities in constitutional actions.

Energy & Natural Resources:
Palacios Lleras has represented mining companies in environment-related disputes. The firm has also advised them in the interpretation of mining concessions and has represented those companies in controversies, as well as administrative investigations related to royalties. The firm has provided advice in the framework of Liquefied Natural Gas (LNG) import projects and related to the construction of regasification plants. Palacios Lleras has advised some companies in the natural gas sector on matters related with the legal and regulatory regime.

Dispute Resolution:
Palacios Lleras is regarded as a leading firm in dispute resolution. The firm has experience both in domestic and ICC arbitrations and in litigation in local courts. Members of Palacios Lleras have been involved in international arbitrations as counsel, arbitrators and expert witnesses. The firm has also successfully represented its clients in disputes related to contractual matters and actions seeking the annulment of administrative decisions.

Infrastructure & Public Utilities:
Partners at Palacios Lleras participated in the preparation of the public utilities law. The firm has acted as a consultant on issues related to the legal and regulatory regime of public utilities companies and has represented clients in litigations and arbitrations. The firm has produced several studies on the legal regime of infrastructure agreements and road concessions. The firm participated in the preparation of the Port Law and acted as a consultant for the superintendence of the sector, port companies and private investors in matters related to supervision, regulation, tariff regime, negotiation and interpretation of port concessions.

Banking & Finance:
The lawyers at Palacios Lleras have developed studies related to temporary liquidity support for entities in the financial sector, limit on interest rates of housing loans, interpretation of rules regarding usury interest rates, individual credit lines, housing mortgage credits, interbank credits for the purchase of shares and shares accounts. They have also represented important banks and insurance institutions.

Corporate & Commercial:
Palacios Lleras has advised companies in mergers, shareholder agreements, company acquisitions, issuance of shares as well. The firm also advises foreign clients on the foreign exchange regime and free market currency. The firm has represented stockholders in disputes related to corporate governance, and the interpretation of shareholders’ agreements.

Members of Palacios Lleras participated actively in the drafting of competition / antitrust provisions in laws involving the public utilities and energy sectors. The firm has also provided advice in several important mergers. It is currently advising important firms from the mining and insurance sectors in competition related issues involving essential facilities and unfair competition procedures.

Palacios Lleras has provided advice and represented local and international telecommunications companies in complex legal actions related to regulatory, antitrust and consumer protection law. The firm has advised one of the largest mobile phone operator, cable and internet service provider in Colombia.

Palacios Lleras provides tax advisory services on national and local tax matters. The firm has experience in due diligence on tax compliance, tax planning for mergers and acquisitions, general tax planning, and in tax and transfer pricing controversies. The firm has advised on some of the largest transfer pricing litigations against the National Tax Authority.

English, French, Spanish.

Over the last 40 years, the firm has worked with: Acción Fiduciaria, Air Plan, AON Risk Services, Banco BBVA, Banco Santander, Bancolombia, Bolsa de Valores de Colombia, Cerrejón, Cerro Matoso, ColombiaComcel, Delima Marsh, Drummond, Falabella, Fiduciaria Bancolombia, Fogafin, Gases de Occidente, Groupe Casino, Grupo Gloria, Inter-American Development Bank, Isolux, Jan de Nul, Motorola, Naturgas, Nokia, Parque Arauco, Pernod Ricard, Porvenir, Postobon, Royal & Sun Alliance, Superintendencia de Puertos y Transporte, Superintendencia de Servicios Públicos Domiciliarios, Superintendencia Financiera, Suramericana de Seguros, Surtigas, Telmex, Thomson Reuters, Universidad de los Andes, among others.