The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon

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
Belize City, 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

[back to top]

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

[back to top]

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

[back to top]

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

[back to top]

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

[back to top]

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.

[back to top]


Further information on Alemán, Cordero, Galindo & Lee

Please choose from this list to view details of what we say about Alemán, Cordero, Galindo & Lee in other jurisdictions.

Panama

Offices in Panama

Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Consolidated Group (Income Tax) Rules, 2019

    On 31 May 2019, Malta published the “Consolidated Group (Income Tax) Rules". The rules will come into force as from year of assessment 2020 and the rules introduce the concept of fiscal units into Maltese tax law .
  • Renewable energy in Ukraine: green auctions launched

    In the first half of 2019 alone, renewable energy facilities with a capacity of more than 1.5 GW were connected to the Ukrainian grid, with about 96% of those being solar and wind energy facilities. In the whole of 2018, which has been a record-breaking year so far, numbers were almost half as high. The Ukrainian market also remains very attractive to foreign investors, not least because of the lucrative feed-in tariff rates, which are paid out regularly. Now, after the adoption of the so-called law on green auctions, significant changes can be expected.
  • Economic Substance Requirements - Fund Managers

    The International Tax Co-operation (Economic Substance) Law, 2018 (the “ES Law”) came into effect in the Cayman Islands on 1 January 2019, requiring in-scope entities that carry on particular activities to have demonstrable economic substance in the Cayman Islands.
  • Shipping at the spotlight of terrorism

    Is terrorism the new norm for shipping?
  • Adidas three stripe Trademark Revocation

    In a judgment of the General Court of the European Union of the 19th June 2019, Adidas saw their hopes of extending their three stripes trademark dashed, as the court ruled that there was no distinctiveness in the three stripes trademark. Furthermore, the court held that the Adidas had failed to prove that the mark had acquired distinctive character through use throughout the member states of the EU.
  • David against Goliath – Libra vs Central Banks: Who will win?

    Working in the crypto and DLT space is like being on an emotional rollercoaster with feelings which range from curiosity, excitement, euphoria, revelation, shock, disappointment, hope, wonder and determination – did I miss any?
  • UK Telecoms company fined £100K over unsolicited marketing messages

    The Information Commissioner’s Office (‘ICO’) which is the UK’s data protection supervisory authority, recently issued a fine of £100,000 to EE Limited, a telecoms company operating in the UK. The fine was issued in response to EE Limited having sent two and a half million unsolicited direct marketing messages to its customers, back in early 2018. The direct marketing messages were sent without EE Limited having first obtained the required consent to send them to its clients.
  • British Airways and Marriott International Inc. face huge fines from UK data protection authority

    British Airways (‘BA’) may be hit with what will be the highest-ever penalty which the Information Commissioner’s Office (‘ICO’), the UK’s data protection supervisory authority, has handed out.
  • UAE Tax domicile certificate

    Issued by the Ministry of Finance in the United Arab Emirates (‘UAE’), the Tax Domicile Certificate (also referred to as the Tax Residency Certificate) enables eligible government entities, companies and individuals to take advantage of double taxation avoidance agreements on income signed by the UAE.
  • The Cayman Islands Data Protection Law, 2017

    The following information relates to the enactment of The Cayman Islands Data Protection Law, 2017 (" DPL "), which was expected to come into force on 29 January 2019, will now come into force in September 2019. The DPL will regulate the future processing of all personal data in the Cayman Islands.