Costa Rica, Guatemala, Honduras, Nicaragua

ARIAS, a renowned leading law firm in Central America, has been honored with five prestigious wins at the IFLR Americas Awards 2025, solidifying its position as a regional powerhouse in legal innovation and client service.

The IFLR Americas Awards, presented by the esteemed International Financial Law Review (IFLR), recognize the most legally groundbreaking deals, firms, and individuals across the Americas. Winners are meticulously selected through independent editorial research and in-depth interviews with in-house counsel and key market participants.

This year, ARIAS’ exceptional work and talent were acknowledged in the following five distinguished categories:

National Law Firm of the Year, these three awards underscore ARIAS’ deep local knowledge, seamless regional coordination, and consistent ability to expertly advise on complex, cross-border transactions across Central America.

• National Law Firm of the Year – Honduras: This award celebrates ARIAS’ innovative legal work and market leadership within Honduras.
• National Law Firm of the Year – Nicaragua: Recognizing ARIAS’ commitment to providing cutting-edge legal solutions and its strong presence in Nicaragua.
• National Law Firm of the Year – Costa Rica: Highlighting ARIAS’ consistent delivery of sophisticated legal advice and its significant impact on the Costa Rican legal landscape.

Deal of the year:

• Deal of the Year – Debt and Equity-Linked: Republic of El Salvador debt-for-nature conversion: This prestigious award recognizes the landmark debt restructuring transaction led by ARIAS, which uniquely combined financial innovation with tangible long-term environmental commitments, setting a precedent for sustainable finance.

Individual Award:

• Rising Star: Central America – Cindy Arrivillaga: Cindy Arrivillaga, the accomplished Banking and Finance Director in ARIAS’ Guatemala office, has been recognized for her pivotal role in numerous significant cross-border finance and corporate transactions. Since joining ARIAS in 2015, Cindy has expertly guided both local and international clients through intricate M&A deals, project finance structures, insolvency proceedings, and capital market transactions.