Firm / Organisation

Palacios Lleras

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Partners: Hugo Palacios Mejía (Founding Partner), Óscar Gutiérrez, Pedro Pacheco, Ángel Castañeda
Number of partners: 4
Number of other lawyers: 7


Infrastructure & Public Law: Hugo Palacios Mejía, Ángel Castañeda, Óscar Gutiérrez
Mining, Oil & Gas: Hugo Palacios Mejía, Ángel Castañeda
Public Utilities, Energy & Telecommunications: Hugo Palacios Mejía, Ángel Castañeda, Óscar Gutiérrez, Pedro Pacheco
Dispute Resolution: Hugo Palacios Mejía, Óscar Gutiérrez, Pedro Pacheco, Ángel Castañeda
Banking & Finance: Hugo Palacios Mejía, Pedro Pacheco
Corporate/Commercial: Ángel Castañeda, Pedro Pacheco
Competition/Antitrust:Ángel Castañeda , Pedro Pacheco
Tax:Óscar Gutiérrez

Firm Overview:
Founded in 1976 by Hugo Palacios Mejía, former Governor of the Central Bank and Minister of Finance, Palacios Lleras is a prestigious boutique law firm recognised for advising and representing private companies and government agencies in their most complex issues. The firm combines the knowledge acquired by its team through their experience in the public and private sectors, as well as in in the world’s most renowned universities, with the observance of the highest standards of integrity and professionalism.

Main Areas of Practice:

Infrastructure & Public Law:
Palacios Lleras issued several studies on the legal regime of infrastructure agreements and road concessions. The firm also represents private entities in constitutional actions, public law proceedings and controversies regarding infrastructure disputes. It participated in the preparation of the Port Law and has 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. The firm has advised multiple ministries, administrative departments and decentralised entities regarding intricate issues in the framework of high-impact public policies.

Mining, Oil & Gas:
Palacios Lleras has represented mining companies in disputes related to environment, royalties and contractual matters. The firm has also advised them in the interpretation of mining concessions and regulations. Palacios Lleras has advised and represented several companies in the oil and gas sector before the regulatory authorities, in matters such as tariff filing, technical controversies and market problems. It has also provided advice in the framework of Liquefied Natural Gas (LNG) import projects and related to the construction of regasification plants, as well as in matters related to natural gas and Liquified Petroleum Gas (LPG) projects.

Public Utilities, Energy & Telecommunications:
The firm is very well known for its practice in all the energy sectors, including electricity, renewable and nonrenewable energy, advising companies in structuring businesses and solving complex regulatory matters. 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. Additionally, it has represented clients in litigations and arbitrations. Moreover, the firm has structured several businesses in complex regulatory environments in all the public utilities sector.

The firm’s experience has extended to representing and advising local and international telecommunications companies in administrative procedures and actions related to regulatory matters.

The firm has a very established and recognized experience in project structuring in areas with complex regulatory frameworks, in matters such as power generation, transmission and distribution grids, electric contracts and market strategies for all kinds of technologies.

Dispute Resolution:
Palacios Lleras is a leading firm in dispute resolution. All partners have extensive experience in judicial and arbitral matters. The firm has experience both in domestic and ICC arbitrations as well as in litigation before local courts. Members of Palacios Lleras have been involved in domestic and 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.

Banking & Finance:
Palacios Lleras advises financial institutions in matters related to temporary liquidity support, 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. It has also represented important banks, trusts and insurance institutions in judicial disputes and arbitration.

Corporate & Commercial:
Advising companies in mergers, shareholders agreements, company acquisitions and issuance of shares is an important part of Palacios Lleras’ portfolio. The firm advises financial closing, both through project finance structure and corporate finance, as well as foreign clients on the foreign exchange regime and free market currency. It has represented stockholders in disputes related to corporate governance, and the interpretation of shareholders’ agreements. The firm has a very well-established practice structuring projects, either to incorporate private investments or to be financed.

Members of Palacios Lleras participated actively in the drafting of competition/antitrust provisions in laws involving the public utilities and energy sectors. The firm is currently advising important firms from the oil, gas and energy sectors in competition-related issues involving abuse of dominance and regulatory hurdles to competition, as well as companies from the liquor and insurance sectors. Palacios Lleras has counseled and represented local and international telecommunications companies in legal actions related to antitrust and consumer protection law. The firm has extensive experience in matters that involves both specific regulations and antitrust issues, particularly in the infrastructure, oil and gas, and electricity sector.

Palacios Lleras’s tax advisory services on national and local tax matters, include their experience in due diligence on tax compliance, tax planning for mergers and acquisitions, general tax planning, and in tax and transfer pricing controversies.

English, French, Spanish.

Over the last 40 years, the firm has worked with: Air Plan, AON Risk Services, Alqueria, APR Energy, Bancolombia, Bolsa de Valores de Colombia, Cerrejón, Cerro Matoso, Claro, Colombian Natural Resources, Concesionaria Panamericana, Coviandes, Delima Marsh, Drummond, Experian, Falabella, FiduBancolombia, Fogafin, Gases de Occidente, Groupe Casino, Grupo Gloria, BID (Inter- American Development Bank), Indupalma, Isolux, Jan de Nul, Linio Colombia, Naturgas, Parque Arauco, , Pernod Ricard, Porvenir, Postobon, Promigas, Puerto de Santa Marta, Puma Energy, Royal & Sun Alliance, Superintendencia de Puertos y Transporte, Superintendencia de Servicios Públicos Domiciliarios, Suncor, Superintendencia Financiera, Suramericana de Seguros, Surtigas, Telmex, Voltalia, among others.