Standing out for its ‘specialism and depth in financial matters’, Ustáriz & Abogados Estudio Jurídico is widely admired for is regulatory capability. Among its core strengths, the group shines in work involving banking responsibility, electronic fraud, fintech and International Swaps and Derivatives Association (ISDA) master agreements. However, the firm is arguably best known for its prominent consumer protection practice, with its key partners routinely appointed to serve as a Financial Consumer Ombudsman to promote conciliation processes between financial institutions and consumers. High-profile department co-head Luis Humberto Ustáriz is held up by sources as a ’leader in the financial industry’; he recently advised the Agricultural Bank of Colombia on several ISDA master agreements. Jose Federico Ustáriz, who formerly served as in-house counsel at Corporación Financiera Colombiana, co-heads the group. Other key contacts include counsel Pablo Valencia, who is well versed in both corporate and finance matters, and Andrés Pineda, who is associate director of the capital markets unit.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
‘Ustáriz & Abogados Estudio Jurídico has many advantages over others due to its specialism and depth in financial matters. It has always been at the forefront of legislative developments.’
‘The team has become a specialist in handling financial litigation and in anticipating jurisprudential rulings. It is a true leader in the financial industry.’
‘The firm meets all the needs of a multinational client. It has a highly specialised team, with a lot of response capacity, its response times are excellent, and it has a highly competitive price/quality balance.’
‘It has a very good understanding of all the risks that affect a financial institution and its portfolio of services is super broad, including transactions in the stock market, financing, regulatory affairs, financial litigation, financial fraud, financial regulatory compliance and any matter you may need.’
- ‘Without a doubt, Luis Humberto Ustáriz is a leader in the financial industry, with the ability to contact regulators and with a reputation for being very serious and sharp in his opinions.’
Key clients
- Banco Agrario de Colombia
- Itaú Corpbanca Colombia
- Banco GNB Sudameris
- Caja de Auxilios y de Prestaciones de la Asociación Colombiana de Aviadores Civiles
- Lulo Bank
- Banco Mundo Mujer
- Almacenes Generales de Depósito – Almaviva
- Bancoldex
Work highlights
- Advised the Agricultural Bank of Colombia on several International Swaps and Derivatives Association (ISDA) master agreements.
- Jose Federico Ustáriz was appointed as the Financial Consumer Ombudsman to support Itaú Corpbanca Colombia’s conciliation process with consumers.
- Advised Caja de Auxilios y de Prestaciones de la Asociación Colombiana de Aviadores Civiles on negotiating an ISDA master agreement with Goldman Sachs International.
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Practice head
The lawyer(s) leading their teams.
Luis Humberto Ustáriz, José Federico Ustáriz