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Alemán, Cordero, Galindo & Lee

2ND FLOOR, HUMBOLDT TOWER, EAST 53RD STREET, MARBELLA, PANAMA CITY, PANAMA
Tel:
Work +507 269 2620
Fax:
Fax +507 263 5895
Email:
Web:
www.alcogal.com
Luxembourg, Nassau, Panama, Tortola

Panama

Banking and finance
Banking and finance - ranked: tier 1

Alemán, Cordero, Galindo & Lee

Standing out across the entire array of banking and finance-related work, the sizeable practice at Alemán, Cordero, Galindo & Lee handles regulatory issues, project finance, and credit and loan agreements, among other matters. The firm is regularly involved in high-profile domestic and cross-border transactions, such as the recent purchase of the Soho mall by a Mexican joint venture, in which the team advised the lender banks, including Banistmo, Banesco and Bladex, in connection with the $276m financing provided to the JV. In other work, a team led by the highly regarded Eloy Alfaro acted as Panamanian counsel to Credit Suisse (as lender) on its $85m loan agreement with a group of borrowers, including AGP America; and practice head Arturo Gerbaud, who is noted for his ‘deep knowledge’, led advice to Citibank on a $50m loan agreement in favour of GTM Holding and GTM Do Brasil Comercio de Productos Quimicos, and to Multibank in connection with its first international debt offering of $300m. Among other team members, ‘brilliant’ senior associate Rita de la Guardia ‘handles heavy parts of the work, is easy-going and always available’. The team’s client roster also includes Banco General, The Bank of Nova Scotia and Julius Bär.

Leading lawyers

Arturo Gerbaud - Alemán, Cordero, Galindo & Lee

Eloy Alfaro - Alemán, Cordero, Galindo & Lee

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Corporate and M&A
Corporate and M&A - ranked: tier 1

Alemán, Cordero, Galindo & Lee

With its seven-partner corporate and M&A department, Alemán, Cordero, Galindo & Lee fields one of the largest and most established practices in the country. The team’s broad service offering includes advice on domestic and cross-border mergers, acquisitions and sales, contractual and regulatory matters, and corporate restructuring. Led by the highly-regarded Eloy Alfaro, the team recently advised Banca de Inversión Bancolombia (BIB) on the $350m sale of the Soho Project, which includes two office towers, a hotel and a luxury shopping centre. Alejandro Ferrer and Arturo Gerbaud co-lead the department, which counts Citibank, Petroamerica Terminal and Cable & Wireless Panama to its client roster.

Leading lawyers

Arturo Gerbaud - Alemán, Cordero, Galindo & Lee

Eloy Alfaro - Alemán, Cordero, Galindo & Lee

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Dispute resolution
Dispute resolution - ranked: tier 1

Alemán, Cordero, Galindo & Lee

Alemán, Cordero, Galindo & Lee’s dispute resolution practice has a strong track-record representing clients in civil and commercial litigation, as well as arbitral matters, and is particularly active in the energy, finance and construction sectors. Led by department head Alejandro Ferrer the team is acting as local counsel to longstanding client Group Unidos por el Canal (GUPC), as plaintiff in a $150m ICC arbitration related to the expansion of the Panama Canal and involving claims that unforeseen geological conditions led to additional cost and time extensions. Other significant clients include Copa Airlines, Elektra Noreste and Cable & Wireless. Jorge Lee and associate Eduardo Gómez are also frequently involved in mandates in the sector.

Leading lawyers

Alejandro Ferrer - Alemán, Cordero, Galindo & Lee

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Offshore
Offshore - ranked: tier 1

Alemán, Cordero, Galindo & Lee

Jointly led by Jaime Alemán and Raúl Zúñiga, Alemán, Cordero, Galindo & Lee’s offshore practice benefits from its strong international network, with offices in Belize, The Bahamas, BVI, Singapore, Dubai, Hong Kong and Switzerland. The six-strong department regularly receives instructions from corporations, private banks, private equity companies, hedge funds and family offices, and advises on the full array of offshore work and associated matters such as due diligence, incorporations, corporate restructuring, tax planning and asset protection. Zúñiga, who is noted for his ‘fast response time and business knowledge’, is particularly experienced in trust and estate planning, and matters related to corporate and M&A. Associate Cristina de Alba is also active in the department.

Leading lawyers

Raúl Zúñiga - Alemán, Cordero, Galindo & Lee

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Real estate
Real estate - ranked: tier 1

Alemán, Cordero, Galindo & Lee

Alemán, Cordero, Galindo & Lee’s real estate practice receives a steady flow of instructions from financial institutions and real estate developers in connection with both transactional and financing matters. The department is jointly led by Lorenzo Marquínez, Eloy Alfaro and the highly-regarded Anibal Galindo. Recent highlights include advising Banistmo on the $67m financing for the construction and development of Pacific Point Torre 400 residential project in Punta Pacifica; assisting Banco General with financing matters related to the construction and development of residential project ‘The Crescent’ in Santa Maria Country Club; and representing London & Regional in all aspects of the master development of the Panama Pacifico Special Economic Area. Banking and finance expert Arturo Gerbaud is also very active in the sector. Other clients include Grupo Verdeazul, Ideal Living and BAC International Bank.

Leading lawyers

Anibal Galindo - Alemán, Cordero, Galindo & Lee

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Shipping
Shipping - ranked: tier 2

Alemán, Cordero, Galindo & Lee

Alemán, Cordero, Galindo & Lee’s five-strong maritime and port facilities practice is led by Anibal Galindo and advises on financing matters, concessions, transactions and admiralty matters. The team is noted for its ‘strength in depth’ and recently led advice to Evergreen subsidiary Colon Container Terminal on the negotiation and execution of an extension of its concession contract with the Republic of Panama. The firm’s client base also includes Hubel Marine, Minsheng Bank and Transocean Maritime. Raúl Borrell is also frequently involved in maritime matters.

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Further information on Alemán, Cordero, Galindo & Lee

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