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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

Alemán, Cordero, Galindo & Lee is among the premier banking and finance firms in Panama and provides clients with ‘excellent service and reliable advice in an extremely responsive’ manner. The 12-strong team is led by Arturo Gerbaud, who – while his practice focus also covers capital markets matters and M&A – has been involved in the banking sector for years. Indeed, he contributed to the development of Panama’s banking regulatory framework and is lauded for his ‘expertise in banking matters and taking a practical approach that make him an excellent lawyer’. Gerbaud and partner Eloy Alfaro have been involved in some of the largest-ever Panamanian financial transactions; in one recent highlight, the team represented Citigroup on the sale of its Panamanian consumer subsidiary, Banco Citibank, to the Bank of Nova Scotia. Other matters include advising Citibank on a $58m loan to Banistmo, and Bank of Nova Scotia on a loan of $43m to Worldland Investment, as well as numerous significant borrower-side representations. Associate Patricia Cordero is also noted. Other clients include Banco General, BAC International Bank, Banco Santander, PKB Banca Privada and Caja de Ahorros.

Leading lawyers

Arturo Gerbaud - Alemán, Cordero, Galindo & Lee

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

Alemán, Cordero, Galindo & Lee

Alemán, Cordero, Galindo & Lee represents Panamanian purchasers and sellers in local and international transactions, as well as advising foreign companies with operations in the country. The 13-strong team, which is co-directed by the ‘impressiveArturo Gerbaud and the ‘excellentAlejandro Ferrer, counsels clients including First Quantum Minerals, Ingenieros Civiles Asociados, Citibank and BBVA. Recent matters saw the US-trained Eloy Alfaro lead advice to Citigroup on the sale of its retail and commercial banking operations in Costa Rica and Panama to Scotia Bank, and Banco BTG Pactual on the Panamanian aspects of its $1.7bn acquisition of BSI Bank from Generali. Paractice co-head Ferrer advised Smurfitt Kappa on the local aspects of its acquisition of Central America’s Grupo CYBSA; PSA Panama International Terminal on its contracts with the Republic to develop, build and operate a new, $350m bulk cargo and ro-ro container terminal; and Celsia on its $780m purchase of a 51% stake in thermic power generator, Bahía Las Minas. Other key figures include Rafael Marquinez, who has an active securities practice and frequently handles matters related to notes, shares and bonds; the US-trained Rita de la Guardia, who joined the team in 2014 and has been a ‘great addition and is involved in the firm’s higher-profile corporate transactions’; and firm founding partner Jaime Alemàn, who has extensive high-level government experience and a superlative reputation in the field.

Leading lawyers

Arturo Gerbaud - Alemán, Cordero, Galindo & Lee

Jaime Aleman - Alemán, Cordero, Galindo & Lee

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Dispute resolution
Dispute resolution - ranked: tier 1

Alemán, Cordero, Galindo & Lee

Alemán, Cordero, Galindo & Lee has an ‘extremely strong’ dispute resolution group that handles traditional litigation and arbitration for international corporations. The team represents companies in the energy, construction, telecommunications and banking industries, among others. Jorge Lee, a former justice of the Supreme Court of Panama, is an ‘excellent, experienced lawyer’; he has particular expertise in labour law. Jaime Castillo focuses on administrative litigation, especially in the energy and telecommunication industries, as well as antitrust cases and complex litigation. In one headline mandate, group head Alejandro Ferrer served as local counsel to consortia Grupos Unidos por el Canal (GUPC) in a dispute regarding problems related to the design and construction of the third set of locks for the Panama Canal, and which resulted in lengthy delivery overruns. Associate Eduardo Gomez specializes in commercial litigation and is Ferrer’s right-hand man. Key clients include Banco General, Panama Canal Railway Company, Cable & Wireless and Crimson Logic.

Leading lawyers

Alejandro Ferrer - Alemán, Cordero, Galindo & Lee

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Legal market overview

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.

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Offshore
Offshore - ranked: tier 1

Alemán, Cordero, Galindo & Lee

Among the elite of offshore firms, Alemán, Cordero, Galindo & Lee advises financial institutions, investor groups and corporations. The firm is truly global; indeed, the Panama City-based practice frequently works with teams in the firm’s Uruguayan, Argentine and Swiss offices aswell as, on a more intermittent basis, with colleagues in Luxembourg, Hong Kong, Dubai and Singapore. Firm founder and group co-head Jaime Alemàn is a former Panamanian ambassador of the US (2009-2011), and has experience working for numerous state and international institutions. His ironclad reputation in the field helps attract and maintain many of the firm’s major clients such as BNP Paribas, Banco Santander, Banistmo, Union Bancaire Privée, UBS, Credit Suisse and Citibank. In one recent work highlight, group co-head Raul Zuniga and associate Cristina de Alba assisted a Latin American investor group with the highly-complex restructuring of one of its companies. Zuniga is commended for his ‘leadership and excellent response times’ and for ‘being an intelligent partner.

Leading lawyers

Jaime Alemàn - Alemán, Cordero, Galindo & Lee

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Real estate
Real estate - ranked: tier 1

Alemán, Cordero, Galindo & Lee

Alemán, Cordero, Galindo & Lee represents commercial, residential and industrial developers and investors, particularly in the travel and leisure industry. In one recent mandate, key figures Anibal Galindo and Lorenzo Marquinez, advised Ideal Living regarding the planning and construction of a mixed-use golf and residential development. Marquinez also represented Grupo Verdeazul in connection with the Buenaventura project, a luxury beachfront and golf community, and Grupo Eleta and Grupo Verdeazul in relation to the development of the beach resort, Pearl Island. Eloy Alfaro and Raul Borrel are also active in the practice group, which services clients such as Desarollos Comerciales, Desarollos Horizontes, Grupo Provivienda, Marea Ventures and Trump Ocean Club International Hotel and Tower Panama.

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 fields a well-regarded shipping practice led by Anibal Galindo, who frequently represents sovereigns, financial institutions and major corporations in admiralty disputes and non-contentious issues. Typical matters include the construction, registration, acquisition, financing and operation of vessels and ports. The group regularly attracts referrals from international firms and recently acted on the review of a $750m mortgage deed over a Panamanian-flagged vessel. Key clients include Aegean Marine, Hubel Marine, Evergreen Marine International and Citibank.

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