Arias > Panama, Panama > Firm Profile

The Towers, Piso 3

Panama > Labour Tier 2

Arias has a strong roster of multinational clients with subsidiaries in Panama, and is particularly experienced in advising these clients on the labour aspects of mergers and spin-offs. As the Panamanian arm of a regional firm, the team is highly active in advising on multi-jurisdictional transactions involving labour issues, alongside the firm's other offices in Central America. In addition, the team assists with employment contracts and termination agreements, employee compensation plans, and day-to-day employment issues, advising clients from a wide range of sectors, but particularly pharmaceuticals, food and logistics. Panama managing partner Siaska SSS Lorenzo leads the team; as head of the firm's regulatory and compliance department, she has notable strength in advising clients in heavily regulated industries on employment matters.

Practice head(s):

Siaska SSS Lorenzo

Key clients

Johnson & Johnson








Eurofarma Panama


Ortho Clinical Diagnostics

Basf/Master Builders Solutions

Disney/20th Century Fox


Panama > Banking and finance Tier 3

With offices throughout Central America, Arias is well placed to advise on regional matters, with a focus on assisting international clients with the financing of local transactions. The team acts for both lenders and borrowers, and has been particularly active in advising investment funds on lending to Panamanian banks and financial institutions or investing in Panamanian businesses. It also advises on financial regulatory matters and project finance. The 'very pragmatic' Maria Cristina Fábrega leads the practice; she is skilled in handling multi-jurisdictional transactions and brings additional capital markets expertise to the team. Associate Ricardo Rocha advises on the tax aspects of financial transactions.

Practice head(s):

María Cristina Fábrega


‘Maria Cristina Fábrega is very pragmatic.’

‘The team stands out for its high level of professionalism, flexibility, attention to detail, specialisation and speed.’

Key clients

1st Source Bank

Corporación Interamericana para el Financiamiento de Infraestructura

Work highlights

  • Acted as counsel to 1st Source Bank, as the lender, in connection with the execution and delivery of a guaranty agreement with Synerjet, as guarantor, and TVPX Aircraft Solutions, as owner of the TVPX Synerjet Aircraft Business Trust, the borrower.
  • Advised Corporación Interamericana para el Financiamiento de Infraestructura, as the borrower, on a loan agreement with Cargill Financial Services International.

Panama > Corporate and M&A Tier 4

Central American firm Arias frequently works alongside its other offices to handle complex regional M&A transactions, and has been particularly active recently in advising on the restructuring of corporate groups, often involving corporations in different jurisdictions. Multinationals operating in Central America make up a large part of the firm's client base, which is particularly strong in the pharmaceutical, energy, technology and logistics sectors. Senior partner Yuri Moreno leads the team and Siaska SSS Lorenzo brings additional expertise in compliance and labour law to the table.

Practice head(s):

Yuri Moreno

Key clients

Premium Restaurant Brands


Giant Bridge Company

General Electric International

Johnson & Johnson Panama

Ortho Clinical Diagnostics Panama

Gilead Sciences Americas

Brother International Corporation

Foxtelco Holdings

Associated Press de Panama

Fedex Trade Networks Services and Logistics

Expeditors Panama Logistics

Hanes Panama

Mondelez Panama

SAP International Panama

Eurofarma Panama

TBI Outsourcing Panama

Mega Pharma

Hencorp Loan Fund

Laboratorios Kin de Centroamérica

Agricenter Panama/AMVAC

Work highlights

  • Advised Giant Bridge Company on its corporate restructuring.
  • Advised PRB on the $8m sale of its business in Panama to a Jamaican company.

Central America > Corporate and finance

Arias has maintained its strong regional presence following the split of leading Central American firm Arias & Muñoz in 2016, and retains offices in all six countries in the region. It is highly active in multi-jurisdictional transactions, including large-scale M&A and financings, acting for leading international clients from a wide range of sectors. On the corporate side, the firm also advises on group reorganisations and investments into the region by international companies. In addition, it is well versed in debt restructuring, project finance and financial regulation. In El Salvador, the standout names for corporate and finance work include Lilian Arias and Roberta Gallardo, who heads the M&A practice. In Guatemala, Jorge Luis Arenales is highly experienced in both corporate and finance matters, particularly in highly regulated sectors, while Evangelina Lardizabal, who has significant M&A and project finance expertise, is the key contact in Honduras. Vicente Lines leads the banking and finance practice in Costa Rica, where Melania Dittel is well regarded for corporate matters. Bertha Argüello and Ana Teresa Rizo, an expert in foreign investment matters, are the names to note in Nicaragua. In Panama, Yuri Moreno and Maria Cristina Fábrega are the key contacts for corporate and finance matters, respectively.


Our firm: Arias is the leading global business law firm in Central America and the firm of choice in the region. The firm stands out for providing innovative and effective solutions that help clients achieve their business goals, while enjoying the benefits of working with an integrated firm, with presence in six countries through seven offices, 42 partners,  and 130 highly trained and experienced attorneys with offices in Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica and Panama.

Since 1942, Arias has been setting the standards in the region by combining its global reach with local expertise, and providing a visionary outlook on the world’s business environment.

Our team: Among our staff, we have attorneys with many years of experience in several practice areas combined with young lawyers. This means our firm is constantly innovating and adapting to the needs of today’s world, which ensures we are able to offer our clients the best legal talent in the region.

Areas of practice: Arias is a full-service firm, providing advice in over 33 practice areas, with renowned specialists in each jurisdiction. Some of the firm’s main practice areas include: corporate, antitrust, mergers and acquisitions, tax, arbitration and litigation, compliance, banking and finance, intellectual property, labor law, energy, oil and gas, real estate, immigration, and general counsel services, among others.

Our focus: We make things happen. We provide creative and innovative legal solutions that add value to our clients, taking the time to know and understand their business goals, while always focused on providing reliable and accurate legal services, with their best interests in mind.

International reach: The firm advises on local and cross-border transactions, assisting some of the major international corporations doing business in the region, and also providing legal support to local clients going abroad.

Recognitions and awards: Consistently, we have been honored with important recognitions and awards such as “Firm of the Year in Central America”, “Firm of the year” in the countries we operate, “Client Service Award”, “Best Regional Firm for Women in Business  Law”, “Deal of the Year”, among other relevant regional and local awards for the firm and our members.

Equal opportunities: We promote diversity within the firm, professional growth is based on each individual’s merit regardless of the gender or ethnics.

  • 47% of our partners are women
  • 48% of our associates are women
  • 57% of our management positions are held by women
  • 100% of our managing partners are women

2,000 Pro-bono hours per year: Corporate social responsibility and Pro-bono work have always been an important part of our DNA. We believe that it is everyone’s responsibility to inspire and generate positive changes in our environment in order to achieve and ensure a better future for the next generations.

Languages spoken: Spanish, English, French, German, and Portuguese

Managing Partner, Head of Labour Siaska SSS 2821400
Partner, Head of Corporate and Commercial, Intellectual Property, and Dispute Resolution Yuri 2821400
Partner, Head of M&A and Banking and Financie Maria Cristina Fá 2821400
Partners : 3
Associates : 8
World Law Group
Pacific Rim Advisory Council (PRAC)
IBA (International Bar Association)
Central American Partners : 42