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

Delvalle, Escalona, Levy & Corró has a wide-ranging aviation practice which spans the financing, acquisition and registration of aircraft, as well as the negotiation of concession contracts with Panama’s international airport. The firm’s diverse client base includes major international and regional airlines, and aviation and ground-handling companies. The ‘well-rounded‘ team is led by Felipe Escalona, who is experienced in aviation finance, commercial and regulatory matters, and praised for his 'availability and professionalism'.

Practice head(s):

Felipe Escalona


‘Del Valle, Escalona, Levy & Corró has formed an essential part of my company’s operations. Its professionalism and availability mean that I don’t have to worry, much less have to resort to another office.’

‘Felipe Escalona is definitely a professional lawyer who, during all the years that my company has worked with him, has given us his availability and professionalism in each of the tasks or requests that we have. Thanks to him, everything related to the company’s aeronautical services is up to date.’

‘A very good, well-rounded team.’

‘They have people dedicated to our industry and have very good relations with the airline sector in their country.’

Key clients

Turkish Airlines

Air Europa

Gate Gourmet

Viva Aerobus (Aeroenlaces Nacionales)

Airports Council International – Latin America and the Caribbean (ACI-LAC)

Gol Linhas Aéreas Inteligentes



Islas Secas Reserve & Lodge

Líneas Aéreas Suramericanas

Work highlights

  • Advising the Latin American office of Airports Council International on all its corporate matters.
  • Advising Líneas Aéreas Suramericanas (LAS Cargo) on all regulatory, corporate and labour matters relating to its operations in Panama, as part of the renewal of its fleet and the expansion of its routes into Central and South America and the Caribbean.
  • Advised Air Europa on the establishment of its Panamanian branch, including obtaining all the permits required to operate as a foreign air carrier in the country.

Panama > Corporate and M&A Tier 4

The 'excellent' corporate practice at Delvalle, Escalona, Levy & Corró provides legal support to domestic and international clients from a wide range of sectors, including telecoms, energy, technology, aviation and real estate. The team assists clients with the launch of their operations in Panama, M&A, joint ventures and commercial agreements. At the head of the practice, Alberto Levy is experienced in international M&A; Diego Corró is noted for real estate and energy-related transactions; Ricardo Delvalle has particular regulatory expertise; and Felipe Escalona focuses on the aviation sector.

Practice head(s):

Alberto Levy; Diego Corró; Ricardo Delvalle; Felipe Escalona


‘Highly qualified partners in their respective specialties who are efficient and transparent with pricing. It is appreciated that the partners go out of their way to work directly with us and do not assign a more junior person on the team.’

‘The team stands out for its responsibility, agility, successful results and trust.’

‘Diego Corró stands out for his immediate availability to solve our issues and deliver on our requirements.’

‘Delvalle, Escalona, Levy & Corró provided an excellent service, specifically in terms of their response times, their availability and the clarity with which they explained concepts of Panamanian legislation. After working with several firms in Panama, we can confirm that it is definitely a high-quality service, without the high costs that other firms in the country have for day-to-day procedures.’

‘Alberto Levy and Felipe Escalona are the partners with whom we had the most contact. Their strongest characteristics were the timeliness of their answers and their response times.’

Key clients

Amador Holdings

Petróleos Delta



Gate Gourmet

The Oxford Schools

Air Europa

Super Kosher

Grupo Eleta

Turkish Airlines

Work highlights

  • Advised inDriver, an international ride-hailing service, on the launch of its operations in Panama.
  • Advised Grupo Eleta on the revision of the operating, licensing and marketing agreements, among others, of a Ritz-Carlton Reserve resort on Pearl Islands for the purpose of securing financing and adjusting the contracts to current legal and commercial conditions.
  • Assisted Panred Fund, a Panamanian REIT, with the acquisition of several real estate projects from developers including Casa Group, Pacific Developers, Casco View and Riverview Developments.

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
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 and 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