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Panama > Offshore > Law firm and leading lawyer rankings


Index of tables

  1. Offshore
  2. Leading lawyers
  3. Next generation lawyers

Leading lawyers

  1. 1

Next generation lawyers

  1. 1
    • Fernando Alfaro - Morgan & Morgan
    • Gilberto Arosemena - Patton, Moreno & Asvat

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With a strong international network and offices in The Bahamas, Belize, BVI, Hong Kong, Singapore, Dubai and Switzerland among others, Alemán, Cordero, Galindo & Lee boasts a wealth of experience in offshore-related services, including tax planning, asset protection, the formation and administration of companies, due diligence, restructuring and M&A matters across various sectors. Firm founder and standout figure Jaime Alemán, who formerly acted as Panamanian ambassador to the US (2009-2011), jointly heads the seven-strong team with the very active Raúl Zúñiga. Together with experienced associate Cristina de Alba, Zúñiga recently assisted an international investor and developer group with the restructuring of companies and properties. In another highlight, the team advised a private financial institution on the granting of a credit facility and led advice on corporate matters. The firm’s client roster is mainly composed of financial institutions, investor groups and corporations, such as Union Bancaire Privée, Banque Privée Edmond de Rothschild and UBS.

Arias, Fábrega & Fábrega is recommended for its “very accurate, quick and reasonably charged’ services, which include corporate formation, corporate governance, administrative and financing matters (such as foundations, trusts and PTCs), estate planning and tax-related issues. The firm has ‘deep knowledge of the offshore industry in various jurisdictions’ and its international reach is evidenced by its presence in multiple jurisdictions, such as BVI, Belize, Hong Kong, Switzerland, Luxembourg, Uruguay and the US. The team is led by Fernando Arias, who is recommended for his vast knowledge and experience in offshore-related matters. The ‘extremely committedRosa Restrepo and Federico Alfaro have ‘extensive knowledge in offshore matters’ and Gian Castillero is recommended for his experience in international tax work. The team’s client-base primarily consists of banks, law firms, family offices and trust companies.

Icaza, González-Ruiz & Alemán’s well-established international corporate department is led by Joaquín Díaz and regularly advises trust companies, multi-national businesses and private clients, predominantly from the legal and banking sector. The five-partner team assists clients with company formation, asset protection, succession planning, the setting up of foundations and operations in Panama and the region, and is especially experienced in international tax structuring. The firm also has offices in Cyprus, Switzerland, Uruguay and Singapore. In a recent highlight, the firm assisted Sony Pictures with establishing its headquarters in Panama, in order to conduct business in the region. Roberto Alemán, Domingo Díaz, Mariano Oteiza, Joel Medina and of counsel Juan Tejada are all active in the sector.

The well-established and deep-rooted offshore practice at Morgan & Morgan is led by Roberto Lewis, who has more than three decades’ experience in the sector. Moreover, the firm has a strong international presence with offices in BVI, Belize, Singapore, Hong Kong, London, Luxembourg and Switzerland. The team excels in establishment and structuring matters, such as asset acquisition, protection and shifting. Highly recommended associate Fernando Alfaro recently acted as Panamanian counsel to Paul Hastings LLP, in connection with the restructuring of China COSCO Shipping. Other significant clients include Mitsubishi Logistics, Royal Bank of Canada and Banco Sabadell. Senior associate Nestor Broce is another name to note.

Patton, Moreno & Asvat is strongly recommended for its ‘excellent service’ in offshore-related matters. The Panama-based firm has offices in offshore-hotspots worldwide, including BVI, Belize, The Bahamas and London. The team offers the full array of offshore services, such as incorporations, re-domiciling, asset protection and investment, as well as corporate and administrative matters; it is predominantly active in relation to finance and real estate matters. The practice is jointly led by Ebrahim Asvat and María De Lourdes Marengo, and associate Gilberto Arosemena is also recommended. The firm’s client roster includes well-known corporations, law firms and banks, such as UBS, Barclays Bank and the Royal Bank of Canada.

The six-strong practice at Hatstone Abogados is led by Lizst Real, and works closely with the firm’s offices in London, Jersey and South Africa, thus offering offshore services across multiple jurisdictions. Although the firm is relatively new to the market, it frequently advises foundation councils, funds and private clients on offshore-related matters such as establishment of PLCs and investment funds, as well as re-domiciling and tax issues. In a recent highlight, Carl O’Shea and senior associate Gisselle Hassan advised a private client on the establishment and structuring of a multi-jurisdictional Private Trust Company. Head of corporate services, Lidia Ramos, also deserves mention.

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Press releases

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Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Government puts cartel criminalisation back on the table

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  • Luxembourg introduces draft legislation to create beneficial ownership registers

    Luxembourg’s government has published draft legislation to incorporate into national law the requirements under articles 30 and 31 of the European Union’s Directive 2015/849 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, better known as the 4th Anti-Money Laundering Directive. Placed before the Chamber of Deputies on December 6, 2017, draft law no. 7217 would establish a central register of beneficial owners of Luxembourg legal entities such as companies and partnerships under the authority of the minister of justice, while draft law no. 7216 would create a similar register of beneficial owners of fiduciary contracts, that is express trusts, under the authority of the Administration de l’Enregistrement et des Domaines, Luxembourg’s indirect tax authority.
  • The new EU regulation on general data protection 2016/679 (“GDPR”)

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    The Serbian Competition Commission (the " Commission ") recently finished sector inquiries concerning quite distinct industries – raspberries and the public procurement for software and hardware. The aim behind the inquiries was to perform extensive market research and analysis in order to acquire a clearer picture of the possible antitrust issues and risks in two sectors widely perceived as strategic for the development of the Serbian economy.
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  • The Public Administration Electronic Market: the future of public procurement

    The Public Administration Electronic Market is a digital marketplace, created in 2002 and managed by Consip S.p.A., the Italian central purchasing body, on behalf of the Ministry of the Economy and Finance. Through the Ministry, registered authorities can purchase goods and services offered by suppliers that have been vetted and authorised to post their catalogues on the system for values below the European threshold.
  • Even More Sector Inquiries: Sportswear And Oil Retail Under Scrutiny By The Serbian Commission

    The Serbian Competition Commission (the " Commission ") continues its diligent examination of the Serbian competitive landscape in specific industries, this time with inquiries in two more industries – sportswear (including footwear and sporting equipment) and oil (petroleum products). Once again, the aim behind the market test was to identify potential issues on the relevant markets and provide broader insight into the functioning of the relevant markets.

Press Releases worldwide

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to