Terencio José García Montenegro
Latin America Guide 2024
Band 2 : Corporate/Commercial
Email address
[email protected]Contact number
+505 2264 7790Share profile
Band 2
About
Provided by Terencio José García Montenegro
Practice Areas
Terencio García is the regional managing partner of García & Bodán, founder of the firm and leader of the energy and natural resources practice of the firm.
He is recognized as a prominent lawyer in Nicaragua, leading the first Nicaraguan law firm that has expanded to Central America, becoming the largest law firm of Nicaragua by headcount.
He has participated in major corporate transactions in Nicaragua, such as the biggest privatizations in telecoms, international bidding for hydroelectric, geothermal, wind energy companies, etc. and corporate structuring of the country’s largest companies and subsidiaries of foreign companies in Nicaragua. He has also led several M&As transactions over the last two decades, consistently assisting the buyers.
Practice areas:
Corporate-Commercial
Mergers and Acquisitions
Transactional
Renewable Energy
Oil and Gas
Free Zones
Professional Memberships
International Bar Association (IBA).
Louisiana State Bar Association.
Order of Knights of Malta.
Former Secretary of the Board of Directors of the Panamanian Nicaraguan Chamber of Commerce (CACOPANIC).
Former member of the Board of Directors of the Nicaraguan Chinese Association in Nicaragua.
Former member of the Board of Directors of Fabretto Foundation (Nicaragua).
Director of the Board of Directors of the American Chamber of Commerce of Nicaragua (AmCham), 2021-2022.
Director of the Board of Directors of the Mexican-Nicaraguan Chamber of Industry and Commerce (CAMEXNIC) 2021-2023.
Work Highlights
-Counseled to Mexican dairy company Grupo Lala in their acquisition of Eskimo, S.A., Nicaragua’s largest dairy producer.
-Counseled to Grupo Lala on all matters related to construction and start-up of their dairy processing plant in Nicaragua.
-Counseled to Grupo Lala, in their purchase of 100% of the shares of La Perfecta, a Nicaraguan producer and distributor of milk, dairy products and juices, which has a distribution network which reaches over 25,000 retail outlets throughout Central America.
-Counseled United Continental Holdings, Inc. in the merger of the companies United Airlines Inc. and Continental Airlines Inc. in Nicaragua and Honduras, by which United Airlines Inc. was absorbed by Continental Airlines, Inc., and adopted the name United Airlines, Inc.
-Representative of nonprofit international organizations dedicated to the environment conservation and the certification of good practices in the management of natural resources such as Rainforest Alliance and The Nature Conservancy.
-Assisted and represented GE Capital, owner of 75% of the Bank of Central America (BAC) in the region for the sale of its participation by USD 1.92 billion.
-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.
-Counseled Unifirst Nicaragua, S.A., a subsidiary of the transnational corporation UniFirst Corporation (U1st), on subjects related to its incorporation as free zone user company, labor issues and in a leasing contract for its industrial facilities.
-Counseled Pallan Group, a Canadian company committed to the sustainable harvest of timber and producing high quality lumber products, on their USD 1.3 million acquisition of Dusa.
-Counseled and represented Empresa Industrial Arrocera Altamira, S.A. (IAASA) in a USD 13 million dollar sale of assets, being the sellers from Costa Rica and the buyers from Nicaragua.
-Counseled and represented Payless Shoesource due to an audit notification from the General Custom Directorate (DGA), which culminated in a series of findings allegedly by declaring value of the goods lower than those that customs rules set and resulted in an alleged million-dollar sum, obtaining favorable resolution.
-Counseled the client in their purchase of a real property for their free zone operations in all legal aspects of the transaction.
-Counseled in the purchase by America Móvil in telecommunications companies ENITEL and MEGATEL in Nicaragua and Honduras.
-Counseled in attempted privatization of the largest hydroelectric plant of Nicaragua in which the Firm advised AES --Corporation for the acquisition of the Hydroelectric Hidrogesa, as well as Generadora de Electricidad de Occidente, S.A. (GEOSA) and Generadora Eléctrica Central, S.A. (GECSA), although a proposal to acquire these generators was not presented.
Languages Spoken
Spanish
English
Articles, highlights and press releases
9 items provided by García & Bodán
Orell Füssli was partially awarded in the bidding process with the Central Bank of Nicaragua
Orell Füssli Ltd., a Swiss company specializing in security printing (including national currencies), participated in the bidding process for the “Printing and Supply of Banknotes” for the Central Bank of Nicaragua (BCN), where it was partially awarded.
Unifirst Nicaragua obtains an extension of tax benefits for 10 years
Under the provisions of Law No. 917, Law of Export Free Zones, Unifirst Nicaragua with the legal advice of García & Bodán obtaining satisfactorily the extension of the validity of the tax benefits for a new period of ten years.
United Airlines restarts daily flights between Nicaragua and the U.S.
García & Bodán worked meticulously for the reactivation of operations of United Airlines in Nicaragua, in matters related to compliance, permitting of public entities, contracts, etc., achieving strict compliance with both local aviation legislation and applicable international standards.
Orell Füssli participated in the tender process to the Central Bank of Nicaragua
García & Bodán advised the Swiss banknote printing house, Orell Füssli, in the tender process for Central Bank of Nicaragua in "Printing and Supply of Banknotes ". A part of the Central Bank’s contract was awarded to Orell Füssli.
Scala Higher Education arrives in Central America with the support of García & Bodán
Scala Higher Education Group (Scala) is a Mexican corporation that helps universities to venture into the virtual world with quality and innovation to increase access to higher education for hundreds of thousands of people.
García & Bodán launches capital markets practice
As part of the firm's growth strategy and to continue providing quality services, García & Bodán launches the Capital Markets practice. A practice focused on advising public and private companies that seek to obtain capital in order to guide them in the structuring of alternative forms of financing,
Orell Füssli participated in a bidding process before the Central Bank of Nicaragua
García & Bodán advised the Swiss banknote printing house, Orell Füssli, in a bidding process before the Central Bank of Nicaragua (BCN).
SCOR reorganizes its companies globally
García & Bodán advised the reinsurance company SCOR in the structuring process associated with the global reorganisation of its companies carried out in different jurisdictions.
García & Bodán consolidates its presence in Central America
García & Bodán, as part of its growth and strengthening strategy in the region, has started the operations of its eighth office in Central America, betting this time for Costa Rica.
Orell Füssli was partially awarded in the bidding process with the Central Bank of Nicaragua
Orell Füssli Ltd., a Swiss company specializing in security printing (including national currencies), participated in the bidding process for the “Printing and Supply of Banknotes” for the Central Bank of Nicaragua (BCN), where it was partially awarded.
Unifirst Nicaragua obtains an extension of tax benefits for 10 years
Under the provisions of Law No. 917, Law of Export Free Zones, Unifirst Nicaragua with the legal advice of García & Bodán obtaining satisfactorily the extension of the validity of the tax benefits for a new period of ten years.
United Airlines restarts daily flights between Nicaragua and the U.S.
García & Bodán worked meticulously for the reactivation of operations of United Airlines in Nicaragua, in matters related to compliance, permitting of public entities, contracts, etc., achieving strict compliance with both local aviation legislation and applicable international standards.
Orell Füssli participated in the tender process to the Central Bank of Nicaragua
García & Bodán advised the Swiss banknote printing house, Orell Füssli, in the tender process for Central Bank of Nicaragua in "Printing and Supply of Banknotes ". A part of the Central Bank’s contract was awarded to Orell Füssli.
Scala Higher Education arrives in Central America with the support of García & Bodán
Scala Higher Education Group (Scala) is a Mexican corporation that helps universities to venture into the virtual world with quality and innovation to increase access to higher education for hundreds of thousands of people.
García & Bodán launches capital markets practice
As part of the firm's growth strategy and to continue providing quality services, García & Bodán launches the Capital Markets practice. A practice focused on advising public and private companies that seek to obtain capital in order to guide them in the structuring of alternative forms of financing,
Orell Füssli participated in a bidding process before the Central Bank of Nicaragua
García & Bodán advised the Swiss banknote printing house, Orell Füssli, in a bidding process before the Central Bank of Nicaragua (BCN).
SCOR reorganizes its companies globally
García & Bodán advised the reinsurance company SCOR in the structuring process associated with the global reorganisation of its companies carried out in different jurisdictions.
García & Bodán consolidates its presence in Central America
García & Bodán, as part of its growth and strengthening strategy in the region, has started the operations of its eighth office in Central America, betting this time for Costa Rica.