Twitter Logo Youtube Circle Icon LinkedIn Icon

Panama > Law firm and leading lawyer rankings


Panamanian lawyers reported in early-2015 that one of the staples of their practices – offshore work – was facing crackdowns in the US, the EU and elsewhere. Then, in 2016, external pressure and public perception of the nation’s offshore legal market took a historically sharp turn for the worse.

The nation’s legal system came under fire in April 2016 when news organizations around the world published approximately 11.5 million files leaked from the Panama City-headquartered law firm Mossack Fonseca. The documents show that some the world’s most wealthy and powerful individuals — business moguls and politicians — have ties to offshore companies, allegedly in order to hide assets and avoid taxes. Ultimately, the so-called “Panama Papers” revealed more than 214,000 offshore entities connected to at least 140 politicians and public officials throughout more than 200 countries and territories, according to the International Consortium of Investigative Journalists (ICIJ). Mossack Fonseca has denied any wrongdoing, and shortly after the leak occurred, the firm released a statement explaining that it’s not aware of, or involved in, the inner-workings of the shell companies it helps create. ‘Excluding the professional fees we earn, we don’t take possession or custody of clients’ money, or have anything to do with any of the direct financial aspects related to operating these businesses’, the statement reads.

Despite this spotlight-stealing scandal, Panama’s macroeconomic indicators remain immensely positive and the nation continues to boast one of the world’s fastest-growing economies. International businesses increasingly view the country as the main business hub in Central America and a gateway to South America. Gross Domestic Product (GDP) increased an estimated 6.2 per cent to reach $46.21bn in 2014, and Foreign Direct Investment (FDI) in the country went from approximately $1bn in 2009 to more than $5bn in 2014, according to the World Bank. Meanwhile, the real estate boom has continued in full-force and many Panamanian lawyers are assisting with the development of high-end condominiums, beachfront resorts and other luxury mixed-use properties. Major infrastructure projects, including the Panama Canal expansion and re-development of the city’s Old Quarter, have also resulted in significant Panama-based work for lawyers around the world.

Most complex, cross-border, big-money legal matters are handled by Alemán, Cordero, Galindo & Lee, Arias, Fábrega & Fábrega, Galindo, Arias & López, and Morgan & Morgan. These leading firms employ numerous US-educated lawyers who have experience working in multiple jurisdictions and are sensitive to the needs of international clients. Typical work of late includes transactions and disputes related to banking and finance, real estate, construction, intellectual property, M&A and day-to-day corporate matters.

The In-House Lawyer

International comparative guides

In association with a leading international law firm, Legalease are producing a series of online country comparative legal guides, designed to give the in-house community greater insight to the law and regulations in unfamiliar jurisdictions.

International comparative guides

Giving the in-house community greater insight to the law and regulations in different jurisdictions.

Select Practice Area

International comparative guides

Giving the in-house community greater insight to the law and regulations in different jurisdictions.

Select Practice Area

Press releases

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to

Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Innovation & Thailand 4.0: Value Creation for Business using Trade Secrets

    Thailand 4.0 stands for the new stage to transform the country currently relying on heavy industries (3.0 stage) into a creativity and innovation-driven economy. Trade secrets are definitively value-based and could help pursing Thailand 4.0.
  • Novelties Introduced by the Movable Pledge Law

    As of January 1, 2017, Law No. 6750 on Pledge over Movable Assets in Commercial Transactions (“Movable Pledge Law “), which was enacted on October 20, 2016, entered into force and abolished Law No.1447 on Commercial Enterprise Pledge (“Commercial Enterprise Pledge Law “). The Movable Pledge Law introduces significant changes and offers more practical methods for establishing pledge over movable assets as explained below.
  • Determination of Injury in Anti-Dumping Investigations: Turkey’s Side of the Story

    I - Introduction
  • Tax evasion: Only voluntary disclosure affords protection from severe penalties

    Anyone who has been caught for tax evasion should expect to be faced with severe penalties. Voluntary disclosure is the only way of returning to a state of normal tax affairs and avoiding penalties.
  • Turkish Health PPP Projects

    The Turkish health sector has undergone major reforms over the past ten years as part of the health transformation program. The most important pillar of such program has been the development of public-private partnership (“PPP ”) model health campus projects. More than twenty health campus projects with an investment amount of more than € 10 billion have been developed through PPP model in Turkey. They are currently at different stages ranging from tendering to operation, and more than ten health PPP projects are still in the pipeline.
  • Infrastructure REIC: An Alternative Source of Funding for Infrastructure Projects

    With the start of operation in certain BOT and other PPP model infrastructure projects in Turkey, refinancing alternatives have become more attractive and diversified. Capital market instruments and institutions are likely to have a greater share in the refinancings of projects which have become operational and the construction risks have been removed. Over the last few years, the use of capital market instruments in the infrastructure financings have gained a new impetus with the introduction of various incentives and financing solutions in this aspect. Most recently, the removal of the 1/3 and 1/5 bond issuance limits for healthcare PPP projects on 18 February 2017 represented an important step towards incentivizing the use of bonds in the healthcare sector. In line with this overall strategy, the government has also adopted various measures to make the Real Estate Investment Companies (“REICs ”) more attractive for the financing/refinancing of infrastructure projects such as BOT, BLT and other PPP projects.
  • Ankara-Niğde Highway Project

    Tender process for 330 km Ankara-Niğde Highway Project has been launched by the General Directorate of Highways upon publication of the tender announcement in the Official Gazette on December 30, 2016.
  • Establishment of the Natural Gas Spot Market in Turkey

    In line with the government’s objectives to make Turkey a regional hub for natural gas trading, a natural gas spot market has been established by the Natural Gas Organized Wholesale Market Regulation published in the Official Gazette on 31 March 2017.
  • Philippine Court of Appeals Denies Issuance of Environmental Protection Order Against Mining Company

    In a decision issued on March 8, 2017, the Philippine Court of Appeals (CA) denied the petition by NGO Ang Aroroy ay Alagaan, Inc. and certain individuals, for the issuance of a writ of kalikasan against Filminera Resources Corporation, and its directors and officers. The petitioners have claimed that Filminera, which operates in the Philippine province of Masbate, had been causing environmental damage in the conduct of its mining operations in violation of local law, and that a writ of kalikasan should be issued.

    Lis Alibi pendens is Latin for ‘suit pending elsewhere .’ Both Articles 27 and 28 of the EU Regulation 44/2001 regulate the existence of lis alibi pendens and related judicial actions. In particular it is a doctrine that regulates the jurisdictional relationship of courts hearing concurrent proceedings involving the same or related causes of action between the same parties pending in the courts of different Member States.

Press Releases worldwide

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to