Mr Arturo Gerbaud > Alemán, Cordero, Galindo & Lee > Panama, Panama > Lawyer Profile

Alemán, Cordero, Galindo & Lee
Arturo Gerbaud photo


Partner (1992). Areas of practice include: Banking Law, Corporate Law, Securities Law and Project Financing.


Partner – Alemán, Cordero, Galindo & Lee (1992-Present); Associate – Alemán, Cordero, Galindo & Lee (1990-1992); Partner – Grimaldo, Tejeira & Gerbaud (1988-1990).


Spanish and English.


  • Presidential High Level Commission for the Modernization of the Capital Markets
  • Drafter, Securities Law of Panama
  • Director, Superintendency of Banks of Panama
  • Director and President, Central Latinoamericana de Valores, S.A.
  • Director and President, Latinex Holdings, Inc.
  • Director and President, Bolsa de Valores de Panamá, S.A.
  • Panama Bar Association
  • Director, Soluciones de Microfinanzas S.A. (Microserfín)


Duke University, LL.M. (1987); Universidad Santa María La Antigua, LL.B (1986).

Lawyer Rankings

Panama > Corporate and M&A

(Leading individuals)

Arturo GerbaudAlemán, Cordero, Galindo & Lee

Alemán, Cordero, Galindo & Lee has a well-established corporate and M&A practice in Panama and is particularly active in high-profile M&A transactions in the banking sector. The team, which has experience acting on both the buy and sell sides of corporate transactions, handles domestic and cross-border matters, with a blue-chip client base that includes leading Panamanian corporations and financial institutions, as well as multinationals with operations in the country. It also advises on corporate restructurings and the sale of distressed assets. Arturo Gerbaud, who has particular strength in acting for banks in corporate transactions, leads the practice. Eloy Alfaro and senior associate Rita de la Guardia are also names to note.

Panama > Capital markets

(Leading individuals)

Arturo GerbaudAlemán, Cordero, Galindo & Lee

Highlighted for its ‘knowledge, availability and negotiating skills‘, the team at Alemán, Cordero, Galindo & Lee regularly advises the principal domestic and international banks operating in Panama on bond issuances. The team is also experienced in acting for financial sponsors, institutional investors and multinationals on local and international capital markets transactions and regulatory matters. Arturo Gerbaud, whose client base includes a number of leading banks, heads the practice. The experienced Eloy Alfaro and senior associates Rafael Marquínez, who is praised for his ‘professionalism and extensive knowledge‘, and Rita de la Guardia, who has expertise in local and cross-border transactions, are also key contacts.

Panama > Banking and finance

(Leading individuals)

Arturo GerbaudAlemán, Cordero, Galindo & Lee

The well-respected team at Alemán, Cordero, Galindo & Lee is experienced in high-profile domestic and cross-border banking transactions for local banks and international financial institutions that have a presence in Panama. While it is most active on the lender side, the team also acts for borrowers, particularly local corporations. The team has expertise in regulatory issues, syndicated loans, and real estate and project finance, as well as M&A and litigation in the financial sector. Arturo Gerbaud leads the ‘attentive and available’ team, which also includes Eloy Alfaro, who frequently handles large-scale financial transactions, and experienced senior associates Patricia Cordero and Rita de la Guardia.