Ms Ana Carolina Castillo > Morgan & Morgan > Panama, Panama > Lawyer Profile

Morgan & Morgan

Work Department

Energy and Natural Resources, Business and Corporate Law, Banking and Finance, Projects, Securities and Capital Markets.


Senior Associate


Ana Carolina Castillo Solis is a Senior Associate in the Corporate Law Department of the firm. She specializes in energy transactions and advisory work in corporate and commercial, finance, mergers and acquisitions, among others.

Ms. Castillo is particularly active advising clients involved in the generation of energy, including hydro, wind, thermal, and solar projects. In her experience, she has represented the owner and developer, as well as the financing parties, in a wide variety of transactional matters including project finance, regulatory, licensing, permits, environmental, contractual matters, and administrative law.

She is also involved in the pro bono activities of the firm, having served as director of an environmental NGO, and regularly advising various NGOs on their legal issues.

Chambers Latin America and Legal 500 recognized Ms. Castillo as leading lawyer in projects and energy, and Who’s Who Legal as a leading lawyer in project finance, corporate, banking, finance & projects, and environment, energy & natural resources.

Ms. Castillo Solis is admitted to practice law in the Republic of Panama.


English, Spanish.


She has served as Vice Chair of the Energy Committee of the American Chamber of Commerce & Industry of Panama (AmCham). In addition, Ms. Castillo is a member of the Panamanian Association of Business Executives (APEDE), an affiliate of the Women’s Directors Association of Panama (ADP) and a member of the Georgetown Club of Panama.


Ms. Castillo obtained a Bachelor of Law and Political Science (Summa Cum Laude) from the Law School of Universidad Santa Maria La Antigua in Panama; she also participated in the International Law Exchange Program at Universidad Catolica Argentina in Buenos Aires, Argentina; and furthermore, obtained an LL.M. in International Business and Economic Law (with honors) from Georgetown University Law Center in Washington, D.C., U.S.A. Furthermore, she coursed a Taxation program in the Universidad Especializada del Contador Publico Autorizado in Panama and she also coursed an Electric Market program with the World Energy Council and the Electric Engineering Faculty of the Universidad Tecnológica de Panamá.

Lawyer Rankings

Panama > Projects and energy

(Rising stars)

Ana Carolina CastilloMorgan & Morgan

Morgan & Morgan counts government entities, major domestic and international financial institutions, multilateral development agencies and investment banks among its clients, and has extensive experience in advising on the financing and construction of large-scale infrastructure projects, including transportation, mining and renewable energy developments. In addition, the firm advises on public tenders and government concession contracts. Practice head Ramón Varela specialises in advising on the financing and development of energy projects, including renewable projects, in addition to handling M&A and regulatory issues in the energy sector. Other key contacts include Inocencio Galindo and Kharla Aizpurúa, who have considerable expertise in project finance, Aristides Anguizola, who is particularly experienced in mine development and finance, and senior associate Ana Carolina Castillo, who specialises in financial and corporate transactions and regulatory matters in the energy sector.

Panama > Banking and finance

Morgan & Morgan acts for both lenders, including major foreign and domestic banks, and borrowers, advising on a wide range of financial matters. Among the areas of strength for the ‘excellent‘ team are project finance, particularly in relation to energy, mining and infrastructure projects, syndicated lending, banking sector M&A, and regulatory matters. It has additional expertise in insolvency and restructuring, areas which have been particularly active during the pandemic. Inocencio Galindo leads the team, which also includes the ‘committed‘ and ‘accessibleKharla Aizpurua Olmos, who stands out for her strength in domestic and cross-border transactions, Francisco Arias, who has expertise in structured finance and regulatory matters, and project finance specialist Ramón Varela. Senior associate Ana Carolina Castillo is also noted.