Delvalle, Escalona, Levy & Corró > Panama City, Panama > Firm Profile

Delvalle, Escalona, Levy & Corró
Midtown Building, Floor 10
Office 10-05A, 74 street
San Francisco, Panama City

Panama > Transport: aviation Tier 2

A relative newcomer to the Panamanian market, Delvalle, Escalona, Levy & Corró was founded in 2019 and has built up a strong aviation practice, advising several foreign airlines on establishing operations in Panama, as well as assisting with the financing and acquisition of aircraft and their registration with Panama's aviation authority. In addition, the 'well-rounded' team handles related commercial, regulatory and tax matters for a wide-ranging client base of airlines, ground handling companies, banks and other key players in the aviation industry. Felipe Escalona leads the practice, and is experienced in advising airlines on regulatory and commercial issues, as well as in aircraft financing transactions.

Practice head(s):

Felipe Escalona


‘A very well-rounded team with partners who are each experts in their areas of law.’

‘The lawyers are very good, highly educated and trained, responsive and hardworking.’

Key clients

Turkish Airlines

The Boeing Company

Air Europa

Gate Gourmet

Viva Aerobus (Aeroenlaces Nacionales)

Boliviana de Aviación

Islas Secas Reserve & Lodge

Comisión Panamá-Estados Unidos para la Erradicación y Prevención del Gusano Barrenador del Ganado – COPEG

Sunrise Airways

Universal Weather and Aviation

Mapiex Internacional

Work highlights

  • Advised Air Europa on the establishment and registration of its Panamanian branch.
  • Advising Turkish Airlines on regulatory, corporate and labour matters relating to its operations in Panama City.
  • Advising Sunrise Airways on the establishment and registration of its Panamanian branch.

Panama > Corporate and M&A Tier 4

The 'reliable, results-focused' team at Delvalle, Escalona, Levy & Corró has a wide-ranging client roster of regional and international companies, with notable strength in the aviation, technology, energy, and real estate sectors. The team advises on M&A and day-to-day corporate and commercial issues. Alberto Levy has significant strength in M&A deals, with particular expertise in the real estate sector, Diego Corró is experienced in corporate restructuring and financial matters, Felipe Escalona stands out for his strength in advising major airline clients and Ricardo Delvalle is particularly active in highly regulated industries.

Practice head(s):

Alberto Levy; Diego Corró; Felipe Escalona; Ricardo Delvalle


‘Personalised client service, good results, and a young and enthusiastic team which is well connected in different spheres, both private and public.’

‘Reliable, results-focused, deliver work on time.’

‘Excellent value for money, excellent customer service, and attentive and in-depth follow-up.’

‘Felipe Escalona and Alberto Levy have an excellent drive, combined with years of experience in large firms, advising on very important transactions.’

‘They are agile lawyers with previous experience working in large and prestigious firms, therefore, as a client, I feel total confidence in their work, which is of the best quality and without the bureaucracy of the bigger firms. Clients can expect definitive answers, in a timely manner, that take into account the type of business the client operates. They understand the client’s language, because the vast majority of the lawyers have studied business and are knowledgeable about it. You can expect them to take full responsibility – many law firms generate legal documents, but Delco provides you with a complete advisory service.’

‘The lawyers stand out for their business knowledge and comprehensive advice. They evaluate the issue and give me a clear answer, which allows me to make a decision. They don’t ramble unnecessarily, as many law firms tend to do. They are honest, and they promote long-term client relationship through their service and of course their fees. Ricardo Delvalle and Anna Patricia Fonseca provided us with an excellent service.’

‘What sets this firm apart is the team’s knowledge and understanding of technology and technology companies. Many firms tend not to know anything specific about the subject and the needs of the clients.’

‘Alberto Levy is knowledgeable in his field, accessible at all times, responds quickly and has a genuine interest in understanding my business.’

Key clients

Amador Holdings

Petroleos Delta


Turkish Airlines

Islas Secas Reserve & Lodge

Sunrise Airways

Gate Gourmet

The Oxford Schools

Workings Latam

La Union Publicitaria

N Solar

Pangea Research Group

Air Europa

Super Kosher

Work highlights

  • Advised Amador Holdings on the structuring of a Panama-based venture capital fund focused on the Latin American region.
  • Advising Petróleos Delta on the opening of new gas stations in Panama City.
  • Assisting Turkish Airlines with corporate, regulatory and labour matters relating to its operations in Panama City.

Delvalle, Escalona, Levy & Corró (Delco) is a full-service law firm focused on the recurring needs of operating companies, serving as a reliable business partner and an ideal alternative to traditional law firms. We strive to achieve a perfect balance between the classic and the modern: attorneys cut from the traditional school of commitment to service and the defense of client’s interests, while enjoying the operational flexibility afforded by technology.

Our streamlined and flexible platform allows us to offer tailor-made solutions, facilitating work with a broad range of clients, including individuals, startups, traditional enterprises seeking legal modernization, and highly sophisticated players requiring counsel for their operating interests or a specific transaction.

The firm is driven by innovation. We are constantly seeking feedback and advice from clients to provide a legal service that meets their current standards.  As such, clients can expect a friendly and dynamic approach to our legal services.

Our partners are business-oriented attorneys, offering solid advice on the basis of local and international studies in high-level institutions, and several years of work experience, having played key roles in transactions at the highest levels of complexity.

Main areas of practice
Administrative: The firm provides comprehensive assistance to clients in their relationship with the administrative authorities, managing permitting requirements as well as offering direct representation in ongoing matters. Delco advises clients in highly regulated sectors, such as the aviation industry, where a partner has achieved top-notch status as a specialist. Additionally, the firm has a growing practice in health, energy, and oil & gas.

Banking and finance: Delco provides advice to banks and financial companies in current and new business ideas, by providing a thoughtful interpretation of the law as well as creative structuring ideas and frameworks for innovative endeavors. Delco’s success in this sector is powered by previous experience within the banking industry.

Commercial and M&A: In perhaps the most important practice area, the firm handles individual and corporate commercial matters that make up the daily business of companies. Our cost-effective approach is highly regarded by our clients, who then seek advice in recurring issues, when they may have been priced out of receiving such advice with other firms. Delco has handled several acquisitions in the past years, including transactions with top players in education, health, real estate, financial services, and logistics, as well as transactions involving multiple jurisdictions.

Corporate and estate planning: The partners’ active role in the Panamanian business sector as well as their international relations serve as the engine for a thriving corporate and estate planning practice. Our firm offers a tailor made service in these regards, avoiding a traditional wholesale approach.

Real estate: The firm advises real estate developers throughout all phases of their development process: structuring, shareholder relations, land acquisition, permitting, construction contracts and assistance in the sale and transfer process. The firm also advises individual clients seeking to purchase property in Panama.

Other practice areas include dispute resolution, tax, technology, immigration, and labor. The firm also offers complementary services such as incorporations in offshore jurisdictions (BVI, Belize, Delaware), bookkeeping, payrolls, and virtual offices.

Administrative Ricardo
Aviation Felipe
Banking and Finance Diego Corró
Commercial and M&A Alberto
Corporate and Estate Planning Felipe
Offshore services Felipe
Real Estate Alberto
Tax Diego Corró
Other fee-earners : 6
Partners: : 4