Leading Individuals

Next Generation Partners

Projects and infrastructure in Costa Rica


The powerhouse team at Arias remains a market leader, utilising its regional presence to advise investors, government agencies, NGOs and multinationals including Telefónica and McKinsey & Company involved in the implementation of high-value, cross-border projects. The practice is led by Carlos Ubico (an expert in administrative procedures, work concessions and project finance), Vicente Lines (a specialist in energy and infrastructure), Carlos Camacho (who assists clients with free trade zone regime matters), Andrey Dorado (whose focus is M&A and project equity) and Diego Gallegos (who brings expertise to asset finance transactions). In addition, the team, whose client base also spans the telecoms, construction, pharmaceuticals, software and tech sectors, provides support in lawsuits against the government and constitutional claims before the Costa Rican Constitutional Court. Further support is provided by senior associate Luis Diego Obando and associate Mónica Espinoza, both experienced international litigators.

Responsables de la pratique:

Carlos Ubico; Vicente Lines; Carlos Camacho; Andrey Dorado; Diego Gallegos

Les références

‘Arias’ attorneys strive to understand the core business of their clients in order to provide better legal advice on the project.’

‘The Arias team is very proactive and collaborative. They also have extensive knowledge of the issues and their opinions make a difference.’

‘Carlos Ubico and Luis Diego Obando are excellent.’

Principaux clients


McKinsey & Company

Natural Partners


Sardinal Water Trust


Principaux dossiers

  • Represented and provided legal advice to Telefonica in the process of getting governmental authorisation to sell shares of its company to Liberty Latin America, a telecoms company operating in over 20 countries across Latin America and the Caribbean.
  • Advised McKinsey Mexico’s office on the presentation of offers and the execution of the contracts with Banco Nacional (BNCR), the largest Costa Rican public bank, to conduct an evaluation for specific EHS matters.
  • Assisted Natural Partners in obtaining a concession by conducting the necessary due diligence and regulatory analysis.


The infrastructure group at BLP continues to lead in the marketplace, leveraging its regional strength and finance expertise to assist banks, sponsors, non-bank lenders, contractors and operators involved in major energy and transportation projects, including hydro, wind and solar plants and toll road, airport and port concessions. The team is led by Luis M Castro (who advises on energy contracts and dealing with governmental entities), David Gutiérrez (a specialist in multi-jurisdictional purchase and credit operations) and Luis Ortiz (who brings over 20 years of experience to public bidding and procurement strategy). Julio Castellanos manages regional assessments of structuring and financing land and air transport projects, and Pablo Umaña manages financing for emerging markets, such as hospitality, agribusiness and manufacturing.

Responsables de la pratique:

Luis M Castro; David Gutiérrez; Luis Ortiz

Principaux clients

Corporación Multi Inversiones (CMI)

Globalvía Inversiones

Citigroup Global Markets

Credit Suisse Securities

Itaú Corpbanca


Compartimento Deuda Privada Infraestructura I del FCP 4G

Credicorp Capital – Sura Asset Management


Itaú Asset Management Colombia Sociedad Fiduciaria

CAF-AM Ashmore I





US Exim Bank

Banco Internacional de Costa Rica (BICSA)

Nederlandse Financierings – Maatschappij voor Ontwikkelingslanden (FMO)

IDB Invest

Constructora Copisa Pirenaica

Gosolar Energy Efficiency

Principaux dossiers

  • Advised Citigroup Global Markets, JP Morgan Securities and Corporación Multi Inversiones (CMI) on both sides of a renewable energy transaction in Central America and the Caribbean.
  • Advised Globalvia Inversiones and its local subsidiary on the structuring of a $350.75m dual offering of international and local project bonds by Autopistas del Sol, which operates the Ruta 27 toll road concession in Costa Rica.
  • Acting as Costa Rican legal counsel to CAF Asset Management (CAF-AM) in order to create an infrastructure investment fund in Costa Rica.

Dentons Muñoz

The public law and environmental law department at Dentons Muñoz advises major construction, energy and civil engineering sector clients involved in high-value, multi-jurisdictional infrastructure projects, covering matters ranging from regulatory compliance and procurement processes to structuring public-private partnerships, project finance and litigation. Managing partner Eduardo Zúñiga is a key contact.

Aguilar Castillo Love

Backed by a strong regional presence, the team at Aguilar Castillo Love advises national and international energy generators and distributors throughout the entire lifecycle of renewable and infrastructure projects. In addition, in the transport sector, the practice assists operators and users of ports with the analysis and negotiation of tariffs. Rubén Zamora Castro, who leads the team, assists clients with high-value sales and purchases, permits, the obtainment of concessions, energy supply agreements, and the leasing of wind, solar and hydroelectric plants, as well as regulatory issues. Associate María Cristina Corrales brings expertise to project environmental impact matters.

Responsables de la pratique:

Rubén Zamora Castro

Les références

‘Aguilar Castillo Love are highly qualified in terms of regulation of public services in Costa Rica. They also have extensive experience in Costa Rican administrative law.’

‘The lawyers of the office that attend us are punctual and always willing to collaborate on our legal requirements. They fully comply with legal deadlines.’

Principaux clients



Empresa Eléctrica Matamoros


Compañía Hidroeléctrica Doña Julia

Hidroenergía El General

Sociedad Portuaria de Caldera


Hidroeléctrica Río Lajas

Concesionaria SAAM

Principaux dossiers

  • Advising Coopelafaro, one of the four cooperatives that make up Conelectricas, on the development of a joint solar project between Coopelafaro and Conelectricas.
  • Advised Compañía Hidroeléctrica Doña Julia and its shareholders on the sale of Doña Julia Hydroelectric Power Plant to Coopelesca.
  • Advising Empresa Eléctrica Matamoros, a company that builds, operates, and maintains hydroelectric plants, on its rate adjustment and represented the client at a public hearing before the public services regulator.

Consortium Legal

The experienced team at Consortium Legal advises corporations in the energy, medical devices and telecoms sectors on public bidding and procurement processes for major infrastructure projects and throughout litigation before the administrative and constitutional authorities. The team is led by Rolando Laclé Zúñiga and senior associate Roy Ramos Morales , a specialist in administrative and constitutional law. Associate Juan Pablo Vargas Quirós  provides expertise in judicial processes, having previously served as prosecutor in the office of the Comptroller General of Costa Rica.

Responsables de la pratique:

Rolando Laclé Zúñiga; Roy Ramos Morales

Oller Abogados

The public law and projects group at Oller Abogados advises national and multinational clients on public contracts, bidding proceedings, regulatory issues and contentious proceedings with government institutions. Providing assistance to clients across the tech, construction and infrastructure, pharmaceuticals and medical sectors, the team is led by Roberto Esquivel, who brings over 25 years of experience to administrative and procurement matters. The practice is supported by associate and public law specialist Andrés Mercado.

Responsables de la pratique:

Roberto Esquivel

Les références

‘Oller Abogados have in-depth experience of the Costa Rican government procurement legal framework. They were able to guide us through a complex process and manage our requirements with efficiency. Their approach is flexible, transparent, helpful and, most importantly, friendly and personable.’

‘We enjoyed working with each of the Oller Abogados team members. Roberto Esquivel did an excellent job in leading the process and the team.’

Principaux clients

Acciona Agua

Navarro & Aviles Construction

Promoción Médica (Promed)

Feilo Sylvania Costa Rica

Constructora Arpo


Principaux dossiers

  • Advised the joint venture between PROMED and a construction company on a public contract related to the design, construction, equipment and maintenance of a new radiotherapy centre in a metropolitan hospital for $17m.
  • Advised Acciona Agua during the execution and final delivery of one of the projects of Instituto Costarricense de Acueductos y Alcantarillados.
  • Advised Constructora Navarro Y Aviles on a bidding process promoted by the Universidad Técnica Nacional for the construction of exterior works and a treatment plant for one of its branches in the northern region of Costa Rica.