Consortium instructed on Scotiabank´s loan in Costa Rica

Central American law firm Consortium Legal assisted Scotiabank de Costa Rica on a $125 million syndicated loan. 

The loan agreement was regulated under New York law, with promissory notes and required documentation under Costa Rican law. Wells Fargo and Banco Latinoamericano de Comercio Exterior acted as lenders and lead bookrunners, with other lenders domiciled in different jurisdictions. 

Partners Mario Quesada-Bianchini and Randall Barquero León led the Consortium Legal team providing local counsel to Scotiabank. The borrower retained Mayer Brown as US counsel.

The lenders worked with White & Case as US legal advisors and Arias & Muñoz as Costa Rican counsel.

Ignacio Abella