Mr Eloy Alfaro B. > Alemán, Cordero, Galindo & Lee > Panama, Panama > Lawyer Profile

Alemán, Cordero, Galindo & Lee
Eloy Alfaro B. photo


Partner (2011). Areas of practice include: Banking Law, Commercial Law, Corporate Law, Mergers and Acquisitions, Public Bids, Real Estate Law.


Partner – Alemán, Cordero, Galindo (2011-Present); Associate – Alemán, Cordero, Galindo & Lee (2004-2011).


Spanish and English.


  • Secretary of the Board, London & Regional (Panama), S.A.
  • Director, GNB Sudameris Bank, S.A.
  • Director and Secretary of the Board, Panama Chamber of Commerce, Industry and Agriculture (2016 – present)
  • Director, Cemento Chagres, S.A.


University of Pennsylvania, J.D. (2004); Columbia University, B.A. (2001).

Lawyer Rankings

Panama > Projects and energy

(Leading individuals)

Eloy AlfaroAlemán, Cordero, Galindo & Lee

Alemán, Cordero, Galindo & Lee has experience advising on high-profile domestic projects in a range of sectors, with particular expertise in hydroelectric and other energy projects, major public infrastructure developments, and high-end real estate projects. The team acts for local and international companies, financial institutions and investors, including leading energy distributors and generators. The multi-disciplinary team advises on the structuring, financing and operation of projects, as well as labour and commercial matters following construction. Eloy Alfaro, who is highly experienced in project finance and development, leads the team, while Jaime Castillo, who has expertise in energy and infrastructure matters, is also a key contact.

Panama > Corporate and M&A

(Leading individuals)

Eloy AlfaroAlemán, 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 > Banking and finance

(Leading individuals)

Eloy AlfaroAlemán, 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.

Panama > Real estate

Leading real estate developers in Panama turn to Alemán, Cordero, Galindo & Lee for advice on large-scale residential, industrial and commercial projects; other clients include banks and institutional investors. The team assists with planning, zoning laws and environmental regulation, as well as the financing and development of projects, and is able to draw on the full-service firm’s strength in litigation to handle construction and real estate disputes. The highly regarded Anibal Galindo, who has expertise in real estate and finance; Lorenzo Marquinez, whose clients include many of the largest luxury developers in Panama; and Eloy Alfaro, who has project finance expertise, lead the team. Senior associate Rafael Marquinez is noted for his experience in real estate transactions.

Panama > Capital markets

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.