Twitter Logo Youtube Circle Icon LinkedIn Icon

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

Who Represents Who

Find out which law firms are representing which Offshore clients in Panama using The Legal 500's new comprehensive database of law firm/client relationships. Instantly search over 925,000 relationships, including over 83,000 Fortune 500, 46,000 FTSE350 and 13,000 DAX 30 relationships globally. Access is free for in-house lawyers, and by subscription for law firms. For more information, contact


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.

International comparative guides

Giving the in-house community greater insight to the law and regulations in different jurisdictions.

Select Practice Area

International comparative guides

Giving the in-house community greater insight to the law and regulations in different jurisdictions.

Select Practice Area

Press releases

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

Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • EU and Malta Securitisation Market

    Following the US subprime crisis that began in 2007, the notion of securitisation has suffered from bad press that tainted its reputation. However, securitisation is still considered as an essential component to continued economic recovery and for well-functioning financial markets.

  • DOJ Makes the Pilot Program Permanent and Announces FCPA Corporate Enforcement Policy

    The US Department of Justice ("DOJ") had announced a pilot program [1] ("Pilot Program") on April 5, 2016, which created new mitigation opportunities for companies that (i) voluntarily self-disclosed, (ii) cooperated fully, and (iii) took timely and appropriate remedial actions in FCPA matters that fell within the Fraud Section's mandate. The Pilot Program was to remain in effect for 1 year, starting from the day of its announcement. On March 10, 2017, the Acting Assistant Attorney General, Kenneth A. Blanco, announced in a speech that the Pilot Program would continue in full force until the DOJ reached a final decision on whether to extend it, and what revisions, if any, should be made to it. [2] The evaluation period of the Pilot Program ended on November 29, 2017, when Deputy Attorney General Rod Rosenstein announced the new FCPA Enforcement Policy ("Policy"), which effectively makes the Pilot Program permanent with some revisions. According to Deputy Attorney General Rosenstein, the FCPA Unit received 30 voluntary disclosures during the time period that the Pilot Program was in force, as opposed to 18 voluntary disclosures that were received during the previous 18-month period. The Policy has been incorporated into the United States Attorneys' Manual in order to "be readily understood and easily applied by busy prosecutors" as opposed to being promulgated in memorandum format. [3]
  • Effects of State of Emergency Law in Turkey On Prison Sentences Under Criminal Execution Laws

    With the Statutory Decree No.671 dated August 17, 2016, and the recent changes with Regulations No.29987 and No.29824 on Regulation Regarding an Amendment on Placement to Open Punishment Execution Facilities effecting execution of the Law No.5275 on Punishment Execution Law has introduced significant changes.
  • [SOUTH KOREA] Supreme Court Affirms Lower Decision, Finding Invalid the Regulations on Foreign ...

    Supreme Court Affirms Lower Court Decision, Finding Invalid the Regulations on Foreign Exchange Report on Incorporation of Offshore Subsidiary by an Offshore Company
  • Disputes on Health-Related Commercial Advertisements under Consumer Law

  • [SOUTH KOREA] New Administration’s Key Environmental Policies

    To step forward as an environment-friendly government, the Moon Jae-in Administration has announced its key environmental policies, including improving safety in chemical substances and household chemical products, and reinforcing implementation measures of the Paris Agreement.  Under the “sustainable development” paradigm, the new administration will continually promote new regulations to protect the environment and strengthen its enforcement of environmental regulations.
  • [SOUTH KOREA] Lower Court Issues Favorable Decision for 27,000 KIA Motors Employees in an ...

    Lower Court Issues Favorable Decision for 27,000 KIA Motors Employees in an Ordinary Wage Case 
  • SyCipLaw TMT Bulletin: “More Philippine Data Privacy Act: Are you Ready for Phase II?”

    Controllers and processors who have completed Phase I registration with the National Privacy Commission (NPC) will now have to gear up for Phase II. Phase II involves providing the NPC certain information on the organization’s compliance with the Data Privacy Act (DPA).
  • Crowdfunding - The Path towards a regulatory Framework

      The importance and feasibility of crowdfunding platforms is increasing in stature and importance for current and future the entrepreneurs. Malta has recently acceded to the rising trend by creating its first crowdfunding platform, ZAAR, a reward-based crowdfunding platform who has recently been awarded with the first prize in its section at the National Enterprise Support Awards 2016 also as well as being one of the local projects that have represented Malta at the European Enterprise Promotion Awards 2016, held in Slovakia. Nonetheless start-ups based in Malta with global aspirations often rely on international platforms. An increase in interest has emerged amongst the art and culture community as well in social entrepreneurship projects. Crowdfunding in Malta is still at the early stages of development. Despite this, there are endless opportunities for local entrepreneurs and the local business community. Research has shown that through international crowdfunding platforms, monies have been raised for projects in the field of gaming consoles, apps and software as well as for artistic projects.  Testimony to this is a new game design studio in Malta, that launched its first game, Politicks, raised financing through the crowdfunding platform Indiegogo.

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