Offshore in Panama
Alemán, Cordero, Galindo & Lee fields a well-established offshore practice, making it a leading provider of trust, corporate, fiduciary and fund services. The team, co-led by Jaime Aleman and Raúl Zúñiga, offers specialised advice to multinational corporations, investors and high-net-worth individuals on asset management and protection, trust formation, estate planning, private interest foundations as well as fiscal issues. One recent highlight involved assisting Minera Panama in the spin-off of a local company into a subsidiary. The high-profile client base includes Citibank, UBS and Credit Suisse. The practice receives further support from other offices in key international locations like Singapore, the BVI, Belize, Dubai, Switzerland, Hong Kong, Uruguay and New Zealand. Associate Cristina de Alba is another noteworthy practitioner.
Jointly led by Fernandao Arias and Gian Castillero, the offshore practice at Arias, Fábrega & Fábrega was kept busy in 2018, handling a steady flow of matters in collaboration with the M&A team. The sizeable department regularly advises Latin American and international banks, family offices and accounting firms in relation to foundations, private trust companies, estate planning and tax matters. A strong network of affiliate offices in London, Belize, Switzerland, Luxembourg and Uruguay provides additional legal support to the practice group headquartered in Panama. Representative clients include Banco General, Banco de Colombia and Farrer & Co. Partner Rosa Restrepo, who handles due diligence and compliance matters concerning foreign legislation, is also active in the department.
The offshore department at Icaza, González-Ruiz & Alemán leads advice to international corporations and high-net-worth individuals on asset protection, wealth management, estate planning and fiscal matters. The team led by Joaquín Díaz Strunz is sought after by clients from various sectors (notably energy and telecommunications) to assist them with matters related to company formation, trusts and management of private interest foundations. The firm has a presence in key offshore jurisdictions and counts on offices in Switzerland, Cyprus, Singapore and Uruguay. Roberto Aleman is another name to note.
Morgan & Morgan houses a very reputable offshore department, which continues to be a mainstay of the law firm's service offering. Drawing on a close relationship with other offices in the BVI, Belize, London, Hong Kong, Singapore and Switzerland, the eight-partner team is predominantly instructed by regional and international administrators, banks, individual trustees and beneficiaries. The team offers assistance with asset protection, the establishment of trusts and fiduciary matters, as well as compliance. Practice leader Roberto Lewis specialises in wealth planning and management, while co-head Raúl Castro regularly leads advice to financial entities, companies and private clients based in Latin America and Miami. and Newly-promoted partner Fernando Boyd and senior associate Nestor Broce are additional key practitioners.
Patton, Moreno & Asvat
Under the joint leadership of Ebrahim Asvat and María de Lourdes Marengo, the offshore practice at Patton, Moreno & Asvat is regularly appointed by banks, corporate clients and individuals to advise on the structuring of trusts, formation of private interest foundations and family equity planning. With particular expertise in tax law, the team also has notable experience providing counsel on inheritance matters. The department receives key support from a network of offices in London, Uruguay, Belize, the BVI and Bahamas. Gilberto Arosemana, who specialises in corporate matters, is another key member of the team.
Following its recent merger with the fund administration firm Folio Group, the offshore practice at Hatstone Abogados was strengthened by the expansion of its legal service offerings. The firm benefits from its strong international reach with other offices located in Jersey, London, Malta, the BVI and South Africa. Lizst Real, whose areas of expertise encompass wealth management, trusts and foundations, leads a practice group which regularly advises family businesses, trusts, private and corporate clients on the formation of investment funds, establishment of trusts, incorporation of foundations and tax planning. Head of corporate services Lidia Ramos is also active in the sector.