Ranked in 1 Practice Areas
2

Band 2

Corporate/Commercial

Nicaragua

16 Years Ranked

Ranked in Guides

About

Provided by Terencio José García Montenegro

Latin America

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

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