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Band 3
Provided by Oscar José Torres Cañas
Oscar Torres is Managing Partner of García & Bodán El Salvador, Regional Director of the Labor practice area and member of the Corporate and Transactional practice area of the firm.
With over 17 years of experience, he has participated in cross-border mergers and acquisitions, strategic alliances, restructuring and corporate advisory, as well as banking and financial transactions. He has served as counsel to major international companies in various sectors of the economy. Furthermore, he participates actively in matters related to conflicts between shareholders and public tenders.
He has extensive experience in judicial and extrajudicial debt restructuring, as well as the resolution of other financial matters, including the debtors and creditors representation.
The main practice areas in which Oscar provides advice are labor and corporate, helping companies to establish and operate correctly in El Salvador.
Practice areas:
- Corporate-Commercial
- Transactional
- Merges and Acquisitions
- Aeronautic
- Free Zones
- Trust
- Anti-Trust
- Labor
- Social Security
- International Bar Association (IBA).
- Chairman of the Legal Committee of the American Chamber of Commerce of El Salvador (AmCham).
- Contribution in Annual Report of World Bank and the International Finance Corporation “Doing Business”, 2012-2020.
- Contribution in World Justice Project “Rule of Law Index”, 2017-2020.
- Contribution in Report of World Bank and the International Finance Corporation “Women, Business and the Law”, 2014.
- Counseled First Cash Financial Services, a US-based leading pawn house company, in their USD 7 million acquisition of Maxiprenda El Salvador, S.A. de C.V., a pawn house company with operations in Mexico, Guatemala and El Salvador.
- Legal advice and assistance to ThermaSource, a leading US-based international provider of services in the geothermal energy sector, in the formation of a new company in El Salvador. As a result, the client was counseled in the establishment of an industrial pledge for USD 12 million in order to ensure the credit obligation with the lender.
- Legal advice and assistance to ThermaSource and its local company ThermaSource El Salvador, Ltda. de C.V. in the negotiation and formalization of a purchase sale agreement for USD 1.5 million with Perforadora Santa Barbara of drilling rig equipment in accordance with Salvadoran law. In addition, the industrial pledge was released.
- Advised Proyecto Bodegas El Salvador with a project for the construction of a USD 12 million warehouse complex.
- Assisted Grupo Ecos and SI Capital in the acquisition of a minority stake in Escotel Investments, S.A., an investment vehicle of Enertika, an engineering company based in Spain, and world leader in power generation and energy efficiency projects. The advice was provided in Guatemala, El Salvador and Nicaragua.
- Advised and assisted Aerovías de Mexico, S.A. known as Aeroméxico, the biggest airline in the Mexican United States, for the commencement of operations in the rout MEX-SAL-MEX. Nowadays, we advised Aeroméxico in all tax and corporate matters.
- Represented the client, a leading US-based multinational company, in the defense against a USD 3.5 million lawsuit filed by one of their distributors for alleged breach of the distribution contract.
- Assisted Hoteles Hilton Princess de Centroamérica in the granting of important credits from lender Scotiabank El Salvador for infrastructure expansion to consolidate and expand its operations in Central America.
- Assisted the client, a leading Brazilian company in the manufacture of buses, in the financing of the Integrated Transport System of the Metropolitan Area of San Salvador.
- Assisted Pan American Insurance Company in different legal matters.
Spanish
English
Italian
Instituto Superior de Economía y Administración de Empresas and ESEADE
International Postgraduate Course in New Technologies Law
2020
Universidad Complutense de Madrid
Master of Business Administration
2007
Universidad “Dr. José Matías Delgado”
Graduated in Law
2005
Lawyer of the Year
Derecho y Negocios
2022
Provided by Chambers
Partner and head of department Oscar José Torres Cañas advises clients on corporate, insurance, M&A and banking and finance-related matters in El Salvador.
Provided by Chambers
Oscar José Torres Cañas has a deep understanding of corporate law and skilfully addresses the legal challenges we face by searching for creative and effective solutions.
Oscar José Torres Cañas has a deep understanding of corporate law and skilfully addresses the legal challenges we face by searching for creative and effective solutions.
8 items provided by García & Bodán
El Salvador and Costa Rica sign seven agreements to strengthen bilateral cooperation
The governments of El Salvador and Costa Rica have signed seven key agreements to strengthen cooperation in areas such as air transport, tourism, animal welfare, culture, economy, energy, and the environment.
García & Bodán successfully resolves real estate dispute in El Salvador's tourist area
The legal advice provided to a prominent rural housing developer has resulted in the successful delineation of undivided rights in a property located in La Libertad, a department in El Salvador known for its archaeological parks, beautiful beaches, and natural attractions.
García & Bodán announces organizational changes in Central America
García & Bodán announces significant changes to its organizational structure in the Central American region.
Aeroméxico renews its permit as Foreign Air Operator in El Salvador
The legal team, specialized in aviation law, worked diligently to ensure compliance with the necessary requirements and formalities to renew Aeroméxico permit as Foreign Air Operator in El Salvador.
Salud Digna starts operations in Guatemala and El Salvador
Salud Digna is a health support organization of Mexican origin, which has recently started operations in the Republics of Guatemala and El Salvador, through its first clinical laboratory and imaging units in the capitals of these countries.
García & Bodán announces new Regional Director of Labor Practice
García & Bodán announces the appointment of its Partner Oscar Torres as Regional Director of the Labor practice. In addition to his experience in labor matters, Oscar has participated in cross-border mergers and acquisitions, strategic alliances, restructurings, and corporate advisory.
PALIG obtains authorization for the creation and operation of a new insurance company in El Salvador
García & Bodán provided advice for the implementation of a project for the creation, authorization and strengthening of a new Salvadoran insurance company named Pan American Life, S.A., Seguros de Personas, with the purpose of migrating the operations of its foreign branch to this one.
García & Bodán adds Partner in El Salvador
García & Bodán has added another Partner with the promotion of the Senior Associate Oscar Torres Cañas, from El Salvador office, increasing to 8 Partners throughout the region. The promotion was made official on January 11 of the current year.
El Salvador and Costa Rica sign seven agreements to strengthen bilateral cooperation
The governments of El Salvador and Costa Rica have signed seven key agreements to strengthen cooperation in areas such as air transport, tourism, animal welfare, culture, economy, energy, and the environment.
García & Bodán successfully resolves real estate dispute in El Salvador's tourist area
The legal advice provided to a prominent rural housing developer has resulted in the successful delineation of undivided rights in a property located in La Libertad, a department in El Salvador known for its archaeological parks, beautiful beaches, and natural attractions.
García & Bodán announces organizational changes in Central America
García & Bodán announces significant changes to its organizational structure in the Central American region.
Aeroméxico renews its permit as Foreign Air Operator in El Salvador
The legal team, specialized in aviation law, worked diligently to ensure compliance with the necessary requirements and formalities to renew Aeroméxico permit as Foreign Air Operator in El Salvador.
Salud Digna starts operations in Guatemala and El Salvador
Salud Digna is a health support organization of Mexican origin, which has recently started operations in the Republics of Guatemala and El Salvador, through its first clinical laboratory and imaging units in the capitals of these countries.
García & Bodán announces new Regional Director of Labor Practice
García & Bodán announces the appointment of its Partner Oscar Torres as Regional Director of the Labor practice. In addition to his experience in labor matters, Oscar has participated in cross-border mergers and acquisitions, strategic alliances, restructurings, and corporate advisory.
PALIG obtains authorization for the creation and operation of a new insurance company in El Salvador
García & Bodán provided advice for the implementation of a project for the creation, authorization and strengthening of a new Salvadoran insurance company named Pan American Life, S.A., Seguros de Personas, with the purpose of migrating the operations of its foreign branch to this one.
García & Bodán adds Partner in El Salvador
García & Bodán has added another Partner with the promotion of the Senior Associate Oscar Torres Cañas, from El Salvador office, increasing to 8 Partners throughout the region. The promotion was made official on January 11 of the current year.
Provided by García & Bodán
Aviation and Aerospace
Industrials, Engineering and Manufacturing
Insurance
Retail and Consumer
Technology, Media and Telecoms (TMT)