Panama

In August 2025, we acted as legal advisors to Scotiabank, as arranger, and to a syndicated group of 14 banks, in a syndicated loan of $ 350 million granted to Naturgy Panama. This transaction supports the operations and strategic initiatives of a key player in the country's electricity distribution sector.

July 2025. Alemán, Cordero, Galindo & Lee (Alcogal) provided comprehensive advice to BAC International Bank, Inc. in the closing of a USD 500 million international syndicated financing, the most significant in its category in the history of Panamanian banking. The transaction, structured with the participation of SMBC, JPMorgan, and Wells Fargo, reaffirms the global market's confidence in BAC's strength and the economic dynamism of Central America. Alcogal's legal team, led by our partners Patricia Cordero and Rafael Marquinez, strategically accompanied BAC throughout the process, providing key advice in the structuring and legal execution of the transaction, which not only strengthens the bank's financial position but also contributes to the growth of strategic sectors in the region.

Abril 2025. Alemán Cordero, Galindo & Lee (Alcogal) has had the pleasure of participating as advisors to CPKC and Lanco Group/Mi-Jack in the sale of Panama Canal Railway Company to APM Terminals. Since the beginning of the concession in 1998, we have accompanied the company, advising them on all their legal needs, which is a testament to our commitment and dedication. We congratulate Panama Canal Railway for its contribution to Panama's logistics development and APM Terminals, a leading global company that we are sure will play a key role in consolidating Panama as one of the world's great logistics centers. We thank our partners Alejandro Ferrer, Jaime Castillo, Jorge Federico Lee, Raúl Borrell Azcárraga A., and Rita de la Guardia, as well as associates Diego Anguizola, Rafael Amar, and Victoria Castro, for their effort and collaboration in this process.

April 2025. Grupo Nutresa is one of the leading conglomerates in the food sector in Latin America, with operations in more than 14 countries and a presence in more than 80 markets. This transaction involved partners Arturo Gerbaud and Patricia Cordero, associate Rafael Amar, and junior associate Lilah Levin.