Firms To Watch: Corporate and M&A

The highly experienced Ivette Martinez leads the practice at boutique firm IMS Legal, which assists major domestic and international companies with M&A, restructuring and corporate governance issues.
Project-related transactions in the energy and infrastructure sectors are a key area of expertise for corporate and finance boutique SIGMA International and Global Market Attorneys, led by the well-regarded Cecilio Castillero.

Corporate and M&A in Panama

Alemán, Cordero, Galindo & Lee

The ‘excellent‘ corporate team at Alemán, Cordero, Galindo & Lee is renowned for its experience in complex, cross-border M&A, with particular strength in regulated sectors including energy, telecoms and banking. International and Panamanian corporations as well as financial institutions are at the core of the client base, which routinely turns to the practice for advice on both sell and buy-side mandates. The team is led by the highly experienced Arturo Gerbaud, a key contact for transactions in the banking segment, and Alejandro Ferrer, who recently returned to the firm after serving as Panama’s Minister of Foreign Affairs; Ferrer stands out for his expertise in M&A deals involving telecoms and energy assets. Other notable team members include Eloy Alfaro, who has a strong track record in financial services M&A, newly promoted partners Rafael Marquinez , Rita de la Guardia and Patricia Cordero, and associate Diego Anguizola.

Practice head(s):

Arturo Gerbaud; Alejandro Ferrer


‘The personalised service makes it easy to work with the ALCOGAL team. Excellent level of technical legal knowledge.’

‘The way the team deals with its clients is excellent.’

‘We have found a comprehensive value proposition where we do not need to look for other options. Alcogal has a multidisciplinary team that supports us with all our main requirements.’

‘The personal service provided by Eloy Alfaro and Diego Anguizola stands out. Each of them has given us personal attention and punctual advice, in a timely manner. They make us feel unique, they understand what is important to the client, and they give us their time and share their knowledge, giving us advice on what we should and should not do, in a very objective way. They, along with the whole team, always go the extra mile.’

Key clients

PTT Exploration and Production Public Company Limited (PTTEP)

BAC Holding (formerly Leasing Bogota)

I Squared Capital

Willis Europe

Phoenix Tower International


The Bank of Nova Scotia


Cable & Wireless Panama (Liberty Latin America)

Banco BTG Pactual

Work highlights

  • Advised I Squared Capital on the Panamanian law issues relating to its acquisition of SixSigma Networks Mexico (KIO Networks), which owns data centres throughout Latin America.
  • Advised Cable & Wireless Panamá, as well as its shareholder and operating partner Liberty Latin America, in connection with the $200m acquisition of Claro Panamá.
  • Advised Colombian holding company AI Candelaria on Panamanian law matters relating to the acquisition of an additional 5% stake in Oleoducto Central (Ocensa).

Arias, Fábrega & Fábrega

Arias, Fábrega & Fábrega is highly active in significant M&A in the Panamanian market, with a particular focus on the banking sector. The corporate practice is also frequently engaged in cross-border transactions, benefitting from the international experience of the team, many of whom are admitted to practise in New York and Florida. The firm also advises major public and privately owned companies on matters such as shareholders’ agreements and corporate reorganisations. Practice head Ricardo Arango focuses on M&A; other notable contacts in the sizeable team include Andrés Rubinoff, who handles local M&A and international business transactions, Estif Aparicio, newly promoted partner Fernando Arias F and senior associate Javier Yap Endera.

Galindo, Arias & López

Galindo, Arias & López's 'commercial, available and attentive' corporate practice is active in domestic transactions but particularly stands out for its expertise in cross-border mandates involving highly regulated industries. The team handles a wide range of matters, spanning corporate restructuring, hybrid M&A and corporate financings (including capital raising and other investment transactions), joint ventures, divestments and spin-offs. Diego Herrera, who is highlighted for his experience in multi-jurisdictional M&A and corporate finance transactions, oversees the team with Ramón Ricardo Arias, who has notable expertise in the aviation, finance and telecoms sectors. Other names to note include Jose Luis Sosa, who has a proven transactional track record in the energy and real estate spaces and 'stands out for his academic background, availability, and technical ability', Beatriz Cabal, and associates Andrés Sanjur and Raúl Morales.

Practice head(s):

Diego Herrera; Ramón Ricardo Arias


‘The professionalism and specialist knowledge of the M&A team is what sets it apart from other firms.’

‘Diego Herrera and Andrés Sanjur are exceptional.’

‘The team stands out for its confidence and speed in dealing with our queries.’

‘We have worked with Raúl Morales – he is very efficient in his management of our matters and that is appreciated.’

‘It is the best firm I have worked with in Panama. They are always commercial, available, attentive and willing to help. The technical level is very good.’

‘Jose Luis Sosa stands out for his academic background, availability, technical ability and kindness.’

Key clients

Millicom International Cellular

Copa Airlines


Cable Onda

América Móvil

Work highlights

  • Acting as local counsel to América Móvil on the $200m sale of all the issued and outstanding shares of Claro Panamá to Cable & Wireless Panama (a subsidiary of Liberty Latin America).
  • Advised Copa Holdings on the contractual and regulatory aspects of the sale of 14 Embraer 190 aircraft to Australia-based Alliance, and of three Boeing 737-700 aircraft to Europe-based Royal Aero.

Morgan & Morgan

The corporate team at Morgan & Morgan has recently been active in a number of significant M&A transactions, particularly in the financial services industry, acting for an impressive roster of international financial institutions and corporations from a variety of sectors. As well as domestic matters, the practice is frequently instructed in multi-jurisdictional transactions within Latin America and cross-border M&A between the US and Panama. The firm also stands out for its expertise in the establishment of multinational headquarters in Panama. The M&A team is under the joint leadership of Francisco Arias, who also takes the lead on corporate work, and the 'agile and efficient' Roberto Vidal. Inocencio Galindo and Ramon Varela are highlighted for their expertise in the mining and energy sectors, respectively.

Practice head(s):

Francisco Arias; Roberto Vidal


‘Roberto Vidal is available, agile and efficient.’

Key clients


Constructora Urbana (Cusa)

Electron Investment

Unity Group


Grupo Eleta

Continental Grain Company

Marsh Semusa

Corporacion Interamericana para el Financiamiento de Infraestructura (Cifi)

Minera Panamá

Panama Ports Company (subsidiary of Hutchinson Ports Holding)

Inter-American Development Bank (IDB)

Cirsa Panama

AES Corporation

AON Benfied

Empresas Vicsons

Cirsa Gaming Corporation

Lombard Odier

Banco Davivienda

Grupo Mercantil


EFG Capital

H Group Capital

China Telecom Americas

Galores Refrigerados

Travelers Insurance

Morgan Stanley


General Electric

Elly Lilly

Bank of China


Supermercados Xtra

MFTech (member of Mercantil Bank)


Grupo Codere

Grupo Verde Azul

Motores Japoneses (Suzuki)

Avianca Holdings

Work highlights

  • Advised Galores Group, the largest third-party logistics cold storage facility in Central America and the Caribbean, in connection with the sale of its business to Emergent Cold Latin America.
  • Acted as Panamanian counsel to Avianca Holdings and its subsidiaries in connection with the financial and corporate restructuring process implemented to emerge from Chapter 11 proceedings in the US.
  • Advised Supermercados Xtra and Grupo Harari on the reacquisition and purchase, respectively, of the majority stake in Xtra owned by Souq Investments.

Alfaro, Ferrer & Ramírez

The 'first-rate multidisciplinary team' at Alfaro, Ferrer & Ramírez predominantly advises multinational corporations from an array of sectors, ranging from shipping, pharmaceuticals, and hospitality to energy, oil and gas, and real estate. The practice is especially active in cross-border transactions, including complex M&A on behalf of domestic and international clients. The team is led by the highly experienced duo of Alfredo Ramírez Jr and Luis López Alfaro, the latter of whom has extensive expertise in compliance matters. Other key contacts include Alejandro Alemán, an expert in M&A and corporate tax, Ricardo Moreno, who co-heads the tax practice. Associates Alfredo Ramírez Pabón and Ana Cristina Negrón, both of whom have considerable experience in advising international clients with operations in Panama, are also part of the core team.

Practice head(s):

Luis López Alfaro; Alfredo Ramírez Jr


‘AFRA provides practical solutions, with a first-rate multidisciplinary team. Excellent client service and a very good price/quality ratio.’

‘The AFRA team is without a doubt one of the best in the region. A high level of technical knowledge, practical solutions, high ethical standards and excellent client service distinguish them. Ana Cristina Negrón is an excellent member of this team.’

‘If I am in the middle of a transaction, I need knowledge, agility and creativity. The AFRA team gets five stars in everything.’

‘Alejandro Alemán and Alfredo Ramírez constantly prove to be true defenders of their clients’ interests. Superlative attention to detail and impeccable client service.’

‘AFRA’s attorneys are terrific problem solvers. They not only advise you on the law, but they figure out what is the best way to achieve your goals. They are also super responsive.’

‘Alejandro Alemán and Alfredo Ramírez Pabón are excellent lawyers, clear and succinct communicators, and creative problem solvers.’

‘What stands out is the experience of the partners at the firm, as well as their close relationships with the clients.’

‘The team has experience and knowledge in complex and international issues.’

Key clients


Stanley Black & Decker


Western Union




Hilti Latin America

Global Bank Corporation

Trane Technologies Latin America

Banco Aliado


Southern Cross Group

Petrolera Nacional (Organización Terpel)


Panama Transhiptment Group

Varela Hermanos

Grupo Comercial de Comunicaciones


Work highlights

  • Acted as local counsel to Redwood Capital Investments on the acquisition of the occupational workwear portion of VF Corporation.
  • Advised Corporación Multi Inversiones on the acquisition of a minority stake in two industrial companies operating in Panama, Depsa and Redeprosa.
  • Advised Servicios Latinoamericanos de Inversiones (Grupo SLI) on the buyout of its interests in the Grand Hyatt São Paulo by Hyatt Corporation.

Icaza, González-Ruiz & Alemán

Singled out for its experience in cross-border deals, Icaza, González-Ruiz & Alemán‘s wide-ranging corporate practice advises multinationals, domestic businesses and government entities on incorporations, M&A, regulatory issues and joint ventures. Department co-head Alexis Herrera stands out for his advice to international clients on their investments into Panama, while fellow co-leader Joaquín Díaz, another key contact for foreign clients, focuses on company formation and management. Luis Chalhoub, who regularly handles commercial matters, M&A and finance, and senior partner Gabriel González-Ruiz are also noted.

Fabrega Molino

Highlighted for its ‘good advisory skills and good judgement’, the corporate team at Fabrega Molino is well known for its advice to family-owned businesses on M&A, restructurings and corporate governance. Cross-border matters with a Panamanian element also feature on the workload managed by the team, which demonstrates particular strength in acting for companies in the real estate and distribution industries. Gretel Ciniglio, who focuses on family business and governance issues, coordinates the practice with senior partner Juan Pablo Fabrega, a ‘connoisseur‘ of corporate law. Other key contacts include the ‘always availableLiza Díaz, Carlos Molino and José Juan Marquez, the latter of whom is a go-to advisor for private equity sponsors.

Practice head(s):

Gretel Ciniglio; Juan Pablo Fábrega


‘The Fabrega Molino team is highly specialised, with extensive experience in complex and cross-border transactions. They provide fast, dynamic service and have good business sense. Their responsiveness is always a differentiating factor compared to other firms in the market and we always feel that we have a relationship that goes beyond the commercial side of things.’

‘The lawyers are distinguished by their knowledge and experience of corporate matters and the comprehensive approach they take to transactions. The firm has a high-performing team of partners with great organisation who have developed a specialised practice in this field.’

‘Gretel Ciniglio is a great rainmaker who is always attentive to details and organisation. José Juan Marquez is recommended for his approach to finding solutions and generating an action plan. Juan Pablo Fábrega is a great connoisseur of the subject. Liza Díaz is a person who makes things happen, and is always available and attending to the needs of the client.’

‘The team has good advisory skills and good judgement, which enables it to make creative recommendations to address the queries presented by clients. In addition, Fabrega Molino has an amazing level of responsiveness.’

‘The client service and willingness to resolve issues immediately has made Fabrega Molino a strategic partner for our business.’

‘Gretel Ciniglio is reliable and delivers on time.’


Lovill advises a broad client base of multinational companies, family offices and foreign investors on corporate matters in Panama, including M&A, and restructuring. Its wide-ranging service offering also covers winding down operations, compliance issues, and commercial contracts including distribution and licensing agreements. The team particularly stands out for its expertise in transactions involving real estate assets. Japan and Panama-based Elizabeth Heurtematte and Isabel Cristina López jointly lead the team, which is singled out for its considerable expertise in deals involving real estate assets. At associate level, Alejandro Fung is noted for his advice to multinationals and family offices, particularly on real estate transactions, and Ana Carolina Ureña for her specialisms in tax and compliance matters.

Practice head(s):

Elizabeth Heurtematte; Isabel Cristina López


‘Their strengths and skills include their knowledge of the topic, attention to detail and sound recommendations. They follow up on pending issues.’

‘There is a broad commitment to customer service, with good availability of lawyers and clear opinions. When some investigation is required, they do it quickly and, above all, provide correct, clear and simple advice. They have adequate technological means and clarity in billing.’

‘We have worked in the corporate area mainly with Elizabeth Heurtematte and Ana Carolina Ureña, who show knowledge of the standards in the areas in which we work and an excellent availability to assist us in a timely and professional manner, as well as a personal touch which makes us trust their services. Our day-to-day contact has recently been Ana Carolina Ureña, who shows agility in carrying out the required tasks, knowledge and very good personal attention to clients.’

‘It is the most responsive team in Panama. We work with more than five firms in this area and Lovill is characterised by its good service and its speed in handling matters, always taking care of the details. The team has a broad mastery of corporate law, offering support on matters ranging from the incorporation of companies to the maintenance of companies and review of corporate documents for transactions. They truly provide a multidisciplinary service.’

‘Alejandro Fung is characterised by his availability, speedy responses and assertive legal advice. The availability of the Lovill team allows you to work more efficiently, with the ability to quickly amend or change instructions at the necessary pace when you are involved in a transaction. The team’s extensive knowledge of the law allows us to achieve better results.’

Key clients


SGS Panama Control Services

Dekel Holdings

Grupo Especializado de Seguridad e Investigaciones (GRESINSA)


Mexichem Panama (Grupo Orbia)

SBA Communications Corporation

Riba Smith

Ceva Freight Management

M&A Capital

Isthmian Investment Corporation

Work highlights

  • Advising Mexichem Panamá (part of the Orbia Group) on all corporate and commercial matters in Panama.

Patton, Moreno & Asvat

Patton, Moreno & Asvat's corporate practice advises major domestic and international clients on M&A, reorganisations and other corporate matters, with notable expertise in the aviation, education, shipping and retail sectors. At the helm of the practice are ‘fantastically well-connected‘ managing partner Ebrahim Asvat, María de Lourdes Marengo, who stands out for her advice to clients including major airlines on corporate matters in the aviation sector, and Khatiya Asvat, the key contact for multinationals establishing operations in Panama. The ‘practical and responsive' Nadya Price is recommended for mandates involving the purchase and sale of ships.

Practice head(s):

Ebrahim Asvat; María de Lourdes Marengo; Khatiya Asvat


‘My absolute go-to firm for all things in Panama.’

‘Nadya Price is very practical and responsive. Ebrahim Asvat is very wise and fantastically well connected.’

Work highlights

  • Advised Navigator Holdings on the Panamanian law aspects of its merger with the fleet and business activities of Ultragas.


The 'efficient' corporate practice at Arias is particularly experienced in cross-border M&A transactions and corporate restructuring, acting alongside the firm’s other regional offices in Central America. The team provides day-to-day corporate advice to multinational clients operating in a range of sectors, including energy, food and beverages, logistics and retail. Senior partner Yuri Moreno, who has a strong background in the insurance and banking sectors, leads the practice. María Cristina Fábrega is skilled in handling multi-jurisdictional transactions, while 'outstanding' associate Denise Littman routinely advises Panamanian companies in commercial transactions.

Practice head(s):

Yuri Moreno


‘They know how important any changes are to our corporate structure and keep us thoroughly up to date on changes in local legislation in Panama. They have up-to-date technological tools and our relationship with the lawyers is super cordial and they provide added value.’

‘What stands out is the added value when providing a legal perspective or suggestion and their understanding of our operations, which allows them to offer a high-level legal opinion.’

‘The corporate team at Arias Panama is efficient, and always gives us quick and assertive responses which meet the needs of the business.’

‘Denise Littman is always available, understands the needs of our company, and is agile in the way she works.’

‘Denise Littman is outstanding.’

‘They try to find solutions and clearly explain the relevant Panamanian law to their foreign clients.’

‘Denise Littman is always prepared to listen to us and find solutions to our queries.’

Key clients

Imagination Unwired Serviços Digitais




General Electric


TBI Outsourcing




Work highlights

  • Advised Imagination Unwired Serviços Digitais, a Brazilian subsidiary of the Digital Reef group, on the acquisition of Flowsense.
  • Acted as local counsel to Webhelp in Guatemala, El Salvador, Honduras, Nicaragua and Panama in relation to its acquisition of the Latin American operations of OneLink.
  • Advised AkzoNobel on the acquisition of Grupo Orbis, including its Panamanian subsidiaries.

Estudio Benedetti

IP specialist Estudio Benedetti has continued to expand its corporate department, which is particularly well positioned to advise a predominantly international client base on the drafting and negotiation of their commercial agreements in Panama, including cross-border contracts. The practice stands out for its focus on acting for Panamanian start-up franchises from the food and beverages sector in their business expansion efforts. Incorporations, restructurings and acquisitions are other core areas of activity for the team. Ramón Benedetti Alemán handles corporate and tax structuring mandates with the support of senior associate Chris Effio, who is a ‘critical thinker and superb performer‘ in commercial law matters. Ramón Benedetti Velázquez also oversees the practice.

Practice head(s):

Ramón Benedetti Velázquez; Chris Effio; Ramón Benedetti Alemán


‘The Estudio Benedetti team really makes a difference and keeps the standards high. Each partner, associate and assistant demonstrates professionalism, efficiency and, above all, a real interest in our business and the people behind it. We have been able to handle most meetings and closings virtually seamlessly thanks to the wide range of lawyers at the firm who make sure to provide expeditious and top-notch services.’

‘Chris Effio is a born problem solver. Each consultation is fast and personalised. She has extensive legal knowledge and makes sure she is up to date. She is immensely hands on. Working with her is a relief and a pleasure. She is a wonderful attorney and an exceptional human being – a magnificent critical thinker and superb performer.’

‘Ramón Benedetti provides intelligent solutions to problems. His availability makes us feel that each of our queries is a priority for him.’

‘We have worked with the Estudio Benedetti team since our inception and we feel extremely satisfied with the results received. The Estudio Benedetti team is made up of highly qualified lawyers, with excellent skills in the interpretation and analysis of legal matters. They stand out from other firms in Panama for their excellent management of cases and the personalised dedication they offer to all their clients.’

‘Chris Effio stands out among the lawyers in this field due to her excellence and critical agility, dealing with each matter in which she is involved with practical, professional and efficient solutions, which have always led to successful results. Her personalised service and charisma make it a joy to work with her. She always makes us feel like a priority for her work.’

‘Knowledge of the subject, availability, and quick, efficient and assertive responses.’

‘The Estudio Benedetti team provides a truly boutique and personalised service. They are always available for a call or WhatsApp chat. Additionally, and unlike at other firms, they are not counting down the minutes, but rather provide comprehensive advice, where the client feels supported, advised and at ease.’

‘The team at Estudio Benedetti is multidisciplinary and can give advice on and handle various processes at different stages of a company, from company creation to shareholders’ agreement, contracts and all kinds of legal support. Chris Effio in particular is very talented in her handling of various issues and stands out for her response times and the quality of her support. Ramón Benedetti Jr. is always available and aware of all issues.’

Key clients

Vida Produce Company

Yummy Rocket

Grupo Pit

Cinq Holding International


Norton Lilly International

Inversiones Mafalda

Grupo Maito

Omega BB Investment

Coffee Roasters Unido



Colegio Bilingüe de Panamá

Best Intuitive Software


Gracias Clothing



Naked Cake


Constructora Grupo Mas

Happy Hair Clinic

Laboratorios Kin

Work highlights

  • Advised Grupo Maito on the transfer agreements of more than ten companies and the shareholders’ agreements implemented with the previous and new owners of the company.
  • Advised Venezuelan start-up Yummy Rocket on its incorporation in Panama, including the creation of its corporate structure, permits, commercial agreements and advertising issues.
  • Advising Happy Hair Clinic on the expansion of its business into Colombia, including drafting an association agreement.

Delvalle, Escalona, Levy & Corró

The 'excellent' corporate practice at Delvalle, Escalona, Levy & Corró provides legal support to domestic and international clients from a wide range of sectors, including telecoms, energy, technology, aviation and real estate. The team assists clients with the launch of their operations in Panama, M&A, joint ventures and commercial agreements. At the head of the practice, Alberto Levy is experienced in international M&A; Diego Corró is noted for real estate and energy-related transactions; Ricardo Delvalle has particular regulatory expertise; and Felipe Escalona focuses on the aviation sector.

Practice head(s):

Alberto Levy; Diego Corró; Ricardo Delvalle; Felipe Escalona


‘Highly qualified partners in their respective specialties who are efficient and transparent with pricing. It is appreciated that the partners go out of their way to work directly with us and do not assign a more junior person on the team.’

‘The team stands out for its responsibility, agility, successful results and trust.’

‘Diego Corró stands out for his immediate availability to solve our issues and deliver on our requirements.’

‘Delvalle, Escalona, Levy & Corró provided an excellent service, specifically in terms of their response times, their availability and the clarity with which they explained concepts of Panamanian legislation. After working with several firms in Panama, we can confirm that it is definitely a high-quality service, without the high costs that other firms in the country have for day-to-day procedures.’

‘Alberto Levy and Felipe Escalona are the partners with whom we had the most contact. Their strongest characteristics were the timeliness of their answers and their response times.’

Key clients

Amador Holdings

Petróleos Delta



Gate Gourmet

The Oxford Schools

Air Europa

Super Kosher

Grupo Eleta

Turkish Airlines

Work highlights

  • Advised inDriver, an international ride-hailing service, on the launch of its operations in Panama.
  • Advised Grupo Eleta on the revision of the operating, licensing and marketing agreements, among others, of a Ritz-Carlton Reserve resort on Pearl Islands for the purpose of securing financing and adjusting the contracts to current legal and commercial conditions.
  • Assisted Panred Fund, a Panamanian REIT, with the acquisition of several real estate projects from developers including Casa Group, Pacific Developers, Casco View and Riverview Developments.

Dentons Muñoz

The 'extremely professional' corporate practice at global firm Dentons Muñoz is well placed to advise regional and international clients on their day-to-day operations, from incorporation and registration in Panama to commercial contracts and compliance matters. The team is also experienced in M&A, and regularly handles cross-border transactions alongside the firm’s international offices. 'Diligent and committed' managing partner Gisela Porras has significant experience in transactional and regulatory matters. Associate Angie Mei Sánchez is noted for multi-jurisdictional M&A and general corporate issues.

Practice head(s):

Gisela Porras


‘Great availability. Excellent digital platform and adaptation during the pandemic. Excellent collection management team and clear accounts.’

‘Gisela Porras is diligent and committed.’

‘It is an extremely professional team and has assisted us with great promptness and efficiency. The billing is clear.’

‘The difference is managing partner Gisela Porras – she is super accessible and makes that her team is always at its best.’

‘Helpful and competent attitude.’

‘The team stands out for its attitude and aptitude.’

‘They have a good grasp of the regulatory issues.’

‘Angie Mei Sánchez is helpful and available to attend to the needs of her clients.’

Key clients

Consorcio Industrias de Las Americas


eXp World Holdings

Electronica Médica

Delivery Hero

Work highlights

  • Assisting Consorcio Industrial de Las Americas, the developer of the Panapark private free trade zone, with overseeing its entire corporate operation.
  • Advising Fortesza, Panama’s first money wallet and investment platform, on day-to-day corporate matters.
  • Advising eXp World Holdings on the possibility of setting up operations in Panama.


At international firm ECIJA, the 'conscientious, client-focused' corporate team advises major domestic and international corporations from the worlds of retail, consumer goods, pharmaceuticals and logistics sectors, among others. The practice, which is well positioned to assist clients with the reorganisation of their corporate structures, also handles region-wide transactions alongside the firm’s other Central American offices. Practice head Daniel Shamah is noted for his advice on the incorporation of companies in Panama and abroad. Armando Cordoba possesses additional expertise in tax and IP mandates.

Practice head(s):

Daniel Shamah


‘Our experience with the ECIJA team has been excellent. It is a group with great talent, capacity and client service. They show a great spirit of collaboration so that as a firm they provide the best service to their clients.’

‘The team stands out for its personalised and timely service, solutions to our issues, immediate responses and availability.’

‘They have excellent client service, are always available to attend to urgent requirements, and have great case management. Excellent sensitivity to the client’s needs.’

‘What stands out is the client service and attention to detail, as well as how they always go one step beyond the requirements. Even during the pandemic, they made every effort and all obstacles were overcome to achieve good results for the client, in record time, despite the difficult circumstances.’

‘Primarily, the team has a conscientious, client-focused attitude. Their willingness and support are a hallmark of their level of service.’

‘The comparison with other firms is outstanding. They integrate perfectly with our work teams to provide us with the best legal advice.’

‘The entire team is focused on each of the issues they analyse, with a 360-degree perspective. When it comes to international legal issues, either involving natural or legal persons from other countries or activities carried out abroad, they support me and they work hand in hand with lawyers from other jurisdictions so that all issues are seen globally and the outcome is always the most favourable for me.’

‘Daniel Shamah and Armando Córdoba always go the extra mile, not only in terms of their support in legal matters, but also in general. They have helped us with personal and professional matters, they have supported us when dealing with financial institutions, they advise us on business matters, they have introduced us to clients… In short, they behave as if they were part of the team.’

Key clients

Jeancenter Corporation

Grupo Shalom

Novillo Alegre

DHL Panama

Distribuidora Panatex

Helix International Global



Work highlights

  • Advising AMVAC on its corporate reorganisation following the acquisition of Agricenter.
  • Advising Jeancenter Corporation on the restructuring of its holding company.
  • Advising Grupo Shalom, the owner of the Titan department stores in Panama, on various issues regarding capital raising and the restructuring of some of the group’s companies.