Ignacio Andrade Aycinena

Ignacio Andrade is Managing Partner at Lex Atlas.

With over 30 years of professional experience, he has participated in relevant transactions, working with well-known companies such as BellSouth, Generadora Eléctrica del Norte, SBA Comunicaciones, Banco G&T, Banco Industrial, Archer Daniels Midland, Banco de los Trabajadores, Crédito Hipotecario Nacional -CHN -, Ministry of Public Finance of Guatemala, Ministry of Economy of Guatemala and leading companies in Telecommunications. 

Ignacio specializes in regulatory, transactional, corporate and commercial, financial, tax, labour and alternative dispute resolution matter for local and foreign companies, particularly in telecommunications, banking and energy.

He has successfully negotiated more than 15 interconnection agreements and foreign carrier service agreements, some worth more than US$300 million.  

Ignacio has over 15 years of experience handling telecom regulator issues, litigation and dispute resolution with other operators. He successfully raised an unconstitutionality to a tax law for telecommunications services in Guatemala. The dispute over community relations for the telecommunications equipment installation is among his other action areas.

Ignacio has been recognized by the most prestigious legal rankings worldwide. He has been recognized as a Band 1 Lawyer in the Real Estate Law practice for six consecutive years by Chambers and Partners Latin America, in Band 3 in the Dispute Resolution practice and Band 4 in the Corporate and M&A practice by Chambers Latin America, and Chambers Global Guide. He belongs to the Hall of Fame category in Legal 500 in the Real Estate practice. He is a Recommended Lawyer for, Banking, Corporate, Litigation, Intellectual Property, Labor and Tax. In addition, he is a recommended lawyer for Guatemala in Who’s Who Legal -WWL- in the practice of Telecommunications and Data; and is a Highly Recommended Lawyer in Mergers and Acquisitions by the Leaders League.

His experience in the banking sector includes consultancy in the constitution of trusts and various financial and banking products, as well as his participation in opinions and consultancies concerning the contracting of international bank loans with the Central American Bank for Economic Integration (CABEI), the Corporation Financiera Internacional (IFC), the Inter-American Development Bank (IDB) and the Banco de los Trabajadores.

He is an appointed arbitrator for the dispute resolution committee of the Guatemalan Chamber of Industry (CRECIG). 

He served as a consultant or co-consultant in arbitrations with the International Chamber of Commerce (ICC) and the American Arbitration Association (AAA). ). He is a member of the Litigation and Dispute Resolution committee of the International Bar Association -IBA, the Committee on the Rights of Indigenous Peoples of the International Trademark Association-INTA and the Copyright Committee of the Inter-American Association of Intellectual Property-ASIPI.

His litigation and arbitration experience relates to disputes in distribution agreements, telecommunications and energy sectors. Ignacio has experience in intellectual property litigation, successfully handling copyright and trademark objections.

Likewise, he served as an Alternate Delegate of the United Nations General Assembly and external consultant lawyer ad honorem for the Ministry of Environment and Natural Resources.

Practice Areas

  • Banking and Insurance Law
  • Corporate and M&A
  • Real Estate
  • Tax Law
  • Energy and Natural Resources
  • Litigation, Arbitration and Dispute Resolution
  • Intellectual Property
  • Public and Regulatory Law

Outstanding Experience

  • Local consultant in the negotiation and execution of bank loans and the payment of bonds for USD 800,000,000.00
  • Advisor for Banco G&T Continental in the purchase and sale of shares of its entity in El Salvador by Banco Azul for USD 42,000,000.00
  • Creation of a joint venture for beverages in the Central American region between a manufacturer of distilled spirits and a
    soft drink company involving production, distribution, partner agreement and trademark registration for USD 15,000,000.00
  • Advice in tax adjustment through administrative and criminal proceedings for USD 28,400,000.00
  • External legal advisor to the syndicate of creditors of the syndicated loan of a sugar mill for US$405,000,000.00
  • Legal assistance in the merger of an offshore bank with a local bank for USD 250,000,000.00

Education

  • Graduated in Law, Attorney and Notary “Cum Laude” (Universidad Francisco Marroquín) | 1988
  • Master’s In Business Administration (University of Illinois Urbana-Champaign) | 1988
  • Master in Constitutional Law – Pending de Thesis (Universidad Rafael Landívar) | 2015-2016

Languages

  • Spanish
  • English