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Banking, originally a component of the Corporate Division, has developed into an independent practice division with a unique approach to its work. Seasoned perspective is provided by two of our partners, who have more than 20 years of experience in the field. Accordingly, our Banking Division can provide specialized legal advice to domestic and international banking and financial institutions as well as to private lenders and companies offering diversified financial products.
We assist in the structure, documentation and closing of secured and unsecured transactions; structuring of syndicated loans; acquisition of shares of local banks by foreign banks; structuring of collateral and registration before the appropriate registries of property; private lending transactions; cross border loan transactions; conducting due diligence processes of local borrowers on behalf of foreign banks and private lenders; qualification of foreign banks before the Salvadoran Central Bank of Reserve for income tax exemption purposes; project finance; collateral enhancement, etc.
Currently, Romero Pineda & Associates advises foreign banks, private lenders, insurance companies and other financial institutions and individuals in the establishment and development of their operations in El Salvador and Central America. Our experience in this area has provided our clients substantial time and money savings through the proper processing of documentation, social fund deposits and shortening of administrative procedures. Our services have allowed our clients to operate within the programmed schedule. |