Best Sustainable Finance Lawyers in Guatemala

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URBE LEGAL
Coban, Guatemala

Founded in 2012
7 people in their team
Spanish
English
In our Firm, we are concerned in the best interest for our clients; we have grow to have to office, one in Guatemala City, capital of the country, where most of the business takes place. We strongly believe in the grow and benefit of the rural áreas, so we founded a second office in Coban, Alta...
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Mayora & Mayora
Guatemala City, Guatemala

Founded in 1966
200 people in their team
Spanish
English
Since 1966Mayora & Mayora is a leading law firm in Central America that has existed for more than fifty-five years with five offices in Guatemala, El Salvador and Honduras (Tegucigalpa, San Pedro Sula and Roatán). Eduardo Mayora Dawe founded the firm in Guatemala City in 1966, with a vision to...
CARRILLO & ASOCIADOS
Guatemala City, Guatemala

Founded in 1948
200 people in their team
Spanish
English
At Carrillo & Asociados, we treat each client and each case uniquely. To do this, we have developed methodologies that jointly integrate our way of working: the “Carrillo’s way”.Our way of working begins with knowing our clients and their industry, deeply and comprehensively understanding...
QIL+4 Abogados (ALTA)
Guatemala City, Guatemala

Founded in 1989
50 people in their team
Spanish
English
High-end full-service law firm providing and coordinating legal services in the Central American region.We offer quality legal advice in different practice areas under the highest global standards and through an experienced and highly committed legal team.Our legal team is one of the most important...
Permuth & Asociados (Lawyers & Attorneys)
Guatemala City, Guatemala

Founded in 1974
50 people in their team
Spanish
English
Established in 1974, "Permuth y Asociados" is a leading and prestigious law firm in Guatemala, which has successfully handled several of the most relevant and publicized cases in the country.The firm is dedicated to the various traditional areas of law: civil, commercial, administrative and family...
The Legal Hub Guatemala
Guatemala City, Guatemala

Founded in 2018
6 people in their team
English
Spanish
The officeMore than a law firm and lawyers, notaries and notaries, consultants and consultants; We are strategic allies who seek to generate value and tranquility in your business and life; through consultancies that result in results focused on root causes.As professionals, we have experience in...
Salazar-Muñoz Law Firm
Guatemala City, Guatemala

Founded in 1987
10 people in their team
Spanish
English
We want to take this opportunity to present to you and your company, SALAZAR-MUÑOZ Law Firm, a Guatemalan firm that it was founded in 1987, with headquarters in Guatemala City and whose objective is to help companies, both Guatemalan and foreign,  so they can operate in the country, providing...
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About Sustainable Finance Law in Guatemala

Sustainable Finance refers to financial activities that consider environmental, social, and governance (ESG) factors when making investment decisions, project financing, and business operations. In Guatemala, Sustainable Finance is growing as more businesses and investors prioritize projects that support environmental protection, social development, and good governance. While the market is still emerging, there is increasing interest from both the public and private sectors in aligning financial practices with sustainable development goals (SDGs). As a result, understanding the evolving legal framework around Sustainable Finance is essential for investors, companies, and individuals operating in Guatemala.

Why You May Need a Lawyer

Legal advice is increasingly important in Sustainable Finance due to the intersection of financial regulations and ESG requirements. Common situations where legal help may be necessary include:

  • Structuring green bonds, sustainable loans, or similar financial products
  • Ensuring compliance with international standards and local regulations
  • Negotiating and drafting contracts for sustainable investments
  • Participating in public-private partnerships for environmental and social projects
  • Dealing with government incentive programs for sustainable initiatives
  • Resolving disputes related to project compliance or environmental liabilities
  • Understanding intellectual property or carbon credit trading related to sustainable projects

A specialized lawyer can help you identify risks, ensure legal compliance, and maximize the benefits of participating in the Sustainable Finance sector.

Local Laws Overview

While Guatemala does not yet have a comprehensive standalone Sustainable Finance law, several existing regulations and initiatives are relevant:

  • Environmental Protection Laws - Several environmental statutes require projects to adhere to certain environmental standards, including obtaining environmental impact assessments (EIA).
  • Banking and Securities Regulations - The Superintendent of Banks (SIB) and the Stock Market Law govern financial institutions and services, including requirements for transparency and risk assessment which can overlap with sustainability standards.
  • Social and Labor Legislation - Laws regarding workers’ rights and social development are relevant, especially for projects seeking a sustainability or social impact focus.
  • Energy and Natural Resources - Certain sectors, such as renewable energy (hydro, solar, wind), are subject to both investment incentives and specific environmental controls.
  • Voluntary Standards - Many Guatemalan financial institutions and project developers voluntarily adhere to international guidelines, such as the Equator Principles, the UN Principles for Responsible Investment, or International Finance Corporation (IFC) Performance Standards.

Legal frameworks are evolving, and keeping up with both national statutes and international best practices is vital for anyone involved in Sustainable Finance in Guatemala.

Frequently Asked Questions

What is Sustainable Finance?

Sustainable Finance includes any investment or financial activity that integrates environmental, social, and governance (ESG) considerations into decision-making, aiming to support sustainable development along with financial returns.

Are there any tax benefits or incentives for sustainable projects in Guatemala?

Certain sectors, such as renewable energy or reforestation, may qualify for tax incentives or preferential treatment under Guatemalan law. These incentives may differ by project type and location and often require compliance with specific requirements.

Can foreign investors participate in Sustainable Finance in Guatemala?

Yes, foreign investors can participate and often do so through partnerships, direct investments, or financing arrangements. Regulatory approvals may apply depending on the industry and the investment’s structure.

Is it mandatory for companies to follow ESG standards in Guatemala?

While ESG reporting is not yet a mandatory legal requirement in Guatemala, market expectations and access to international financing often require adherence to voluntary ESG standards and reporting.

What are green bonds, and are they available in Guatemala?

Green bonds are financial instruments designed to finance projects with environmental benefits. While the issuance of green bonds is still relatively new in Guatemala, local banks and the stock exchange are exploring frameworks for such products.

How can a project demonstrate its sustainability or impact?

Projects usually prepare documentation such as environmental impact assessments, sustainability reports, and third-party verifications or certifications to demonstrate their sustainability and adherence to ESG criteria.

What government agencies regulate Sustainable Finance activities?

The main regulatory authorities include the Superintendent of Banks (SIB), the Ministry of Environment and Natural Resources (MARN), and the Ministry of Economy. Their involvement depends on the nature of the project or financial service.

Can disputes related to Sustainable Finance be resolved locally?

Yes, disputes can often be resolved through local courts or through alternative dispute resolution methods such as arbitration. Certain contracts may specify jurisdiction or use international arbitration, especially when foreign parties are involved.

How do I ensure that my project meets both local and international sustainability criteria?

Consultation with a specialized lawyer is crucial. They can guide you through the documentation, certification processes, and compliance with both national laws and international standards relevant to your project.

Are there any risks involved in pursuing Sustainable Finance in Guatemala?

As with any investment, risks include regulatory changes, compliance challenges, reputational issues, and market fluctuations. Proper legal due diligence can help identify and mitigate these risks.

Additional Resources

If you are seeking further information or assistance related to Sustainable Finance in Guatemala, consider consulting the following resources:

  • The Superintendent of Banks (Superintendencia de Bancos de Guatemala - SIB)
  • Ministry of Environment and Natural Resources (Ministerio de Ambiente y Recursos Naturales - MARN)
  • Guatemala Stock Exchange (Bolsa de Valores Nacional)
  • Chamber of Industry of Guatemala (Cámara de Industria de Guatemala)
  • International Finance Corporation (IFC) regional office
  • Local law firms with experience in environmental and financial law
  • Non-governmental organizations focused on sustainable development and ESG

Next Steps

If you believe you need legal assistance in Sustainable Finance, it is important to:

  • Identify the specific area or project requiring legal advice, such as investments, project financing, or compliance matters
  • Gather all relevant documents, such as business plans, contracts, and certifications
  • Research or request referrals for lawyers or law firms specializing in Sustainable Finance and ESG matters in Guatemala
  • Schedule a consultation to discuss your goals, challenges, and the regulatory landscape impacting your project
  • Develop a compliance and risk mitigation strategy with your legal advisor to ensure your activities are aligned with both local and international standards

Taking these steps can help protect your interests, enhance the sustainability of your project, and maximize your access to financial opportunities in Guatemala’s evolving Sustainable Finance sector.

Lawzana helps you find the best lawyers and law firms in Guatemala through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Sustainable Finance, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Guatemala - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.