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Jose Nicolas Bolivar

José Nicolás Bolívar López

Associate
nbolivar@bu.com.co
Contact information
(571) 3462011 Ext.8217
Bogotá
Admitted to practice law in
Colombia
Languages
Spanish
English

José Nicolás is an Associate in the Banking and Financial Services team at Brigard Urrutia, where he specializes in the structuring and negotiation of complex, high-impact financial transactions. With a sharp focus on Project Finance and Corporate Finance, he leads legal counsel for a top-tier client portfolio that includes multilateral and development banks, international financial institutions, private equity funds, and renowned project developers in the region.

As a leader of multidisciplinary teams, José Nicolás has coordinated the technical execution of large-scale mandates, ensuring efficiency in due diligence processes, legal risk mitigation, and precision in the negotiation of financing documents and security structures. He has a distinguished track record leading both domestic and international financings, acting as a strategic liaison capable of aligning global market expectations with local regulations.

His practice is distinguished by deep expertise in the Infrastructure and Renewable Energy sectors, having advised on some of the most significant solar asset and power transmission financings in the region. José Nicolás combines technical rigor with a strong academic vision, bringing a strategic and preventative perspective to every negotiation.
 

Experience

  • Advised a Colombian commercial bank, as lessor, on a COP 900 billion leasing financing for the development of a portfolio of solar projects in Colombia. This transaction constitutes the largest leasing financing in Colombia’s history.
  • Advised The Bank of Nova Scotia, Export Development Canada and Scotiabank Colpatria, as lenders, on the refinancing of the Caoba Inversiones S.A.S. investment platform, for an aggregate amount of approximately USD 420 million and COP 500 billion, including the negotiation of finance documents and related security package for transmission assets.
  • Advised Solarpack on the financing granted by the Inter-American Development Bank (IDB), IDB Invest and Bancolombia, for approximately USD 140 million and COP 650 billion, for the construction and operation of two solar power plants with a combined installed capacity of 180 MW.
  • Advised The Bank of Nova Scotia, as lender, on a USD 141 million credit facility for the construction, operation and maintenance of the Caoba energy transmission platform, including the negotiation of finance and security documentation.
  • Advised a French development bank, as lender, on a local currency financing (equivalent to approximately USD 100 million) granted to a portfolio of solar projects in Colombia.
  • Advised the lenders on the refinancing of the UPME STR 02-2019 transmission project, for an aggregate amount of approximately COP 770 billion, including the negotiation of finance documents and related security structure.
  • Advised Bancolombia, as lender, on the financing for the construction, operation and maintenance of the Sunnorte Solar Photovoltaic Plant (41 MWp).
  • Advised Banco de Bogotá and Banco Popular, as lenders, in the financing of the Doña Teresa Small Hydroelectric Power Plant.

Educational Background

  • Lawyer from the National University of Colombia.
  • Specialist in Commercial Law from the National University of Colombia.
PROFESSIONAL PUBLICATIONS
  • “Project Finance en medio de la tormenta perfecta” – Review "Infraestructura y Desarrollo No. 107 y 108" by the Colombian Chamber of Infrastructure – 2022.
  • “Moot Courts: una herramienta efectiva de formación” – Asuntos Legales by La República – 2025.
     

Practice areas

Banking and Financial Services