Rafael Marquinez > Alemán, Cordero, Galindo & Lee > Panama, Panama > Lawyer Profile

Alemán, Cordero, Galindo & Lee
Rafael Marquinez photo

Work Department

Senior Associate


• Banking, finance and capital markets
• Corporate and M&A
• Real estate


• Associate at Aleman, Cordero, Galindo & Lee (2009- present)


• Spanish
• English
• French


• 2008, Panama


Masters in Taxation and Fiscal Management, Universidad Especializada del Contador Público
Autorizado, Panama city, Panama (2012)
• Master of Laws (LL.M.), Duke University, Durham, North Carolina (2009)
• Bachelor of Law and Political Sciences, Universidad Santa Maria la Antigua, Panama City, Panama
(Magna Cum Laude, 2008)

Lawyer Rankings

Panama > Capital markets

(Next Generation Partners)

Rafael MarquínezAlemán, Cordero, Galindo & Lee

Alemán, Cordero, Galindo & Lee‘s ‘very knowledgeable‘ team has recently been particularly active in the debt capital markets space, advising on large domestic corporate bonds issuances and cross-border listings in Central America and the rest of Latin America. The team is also experienced in structured finance, particularly securitisations, the restructuring of international issuances, and regulatory matters. Among its clients are many domestic and international investment banks and financial institutions. ‘Excellent‘ practice head Arturo Gerbaud, who is also the firm’s managing partner, is highly experienced in advising underwriters and issuers on bond offerings. Other key members of the practice include Eloy Alfaro B, who has notable expertise in structured finance, and senior associates Rafael Marquínez and Rita de la Guardia, who are both skilled in international securities offerings. Since publication, both Marquínez and de la Guardia have been raised to the partnership – effective January 2022.

Panama > Corporate and M&A

Complex M&A, particularly in the banking and energy sectors, is a key area of expertise for the ‘very strong‘ team at Alemán, Cordero, Galindo & Lee, which regularly advises on major domestic transactions as well as cross-border matters. The practice counts both purchasers and sellers, including Panamanian corporations, financial institutions, and regional and international investors with a presence in Panama, among its clients. Arturo Gerbaud, who has significant strength in transactions in the banking sector, and Eloy Alfaro, who is highlighted for his ‘intellect and knowledge‘, lead the practice, while Raúl Borrell and Jaime Castillo bring additional expertise in the gas and energy sectors, respectively, to the team. At senior associate level, Rita de la Guardia stands out for her experience in large M&A deals, and Rafael Marquínez and Patricia Cordero are also noted. Since publication, all three seniors – de la Guardia, Marquínez and Cordero – have been raised to the partnership – effective January 2o22.

Panama > Real estate

Alemán, Cordero, Galindo & Lee is renowned for its experience in large-scale real estate transactions and the development of major commercial, industrial and residential projects, including the Panama Pacífico special economic area. Among its clients, the firm counts banks and other financial institutions and leading real estate developers. The team is led by Aníbal Galindo, a real estate specialist who also advises on corporate and M&A transactions in the sector; Eloy Alfaro, who acts for many of Panama’s largest real estate developers; and Lorenzo Marquínez, who has particular expertise in luxury real estate developments. Senior associate Rafael Marquínez is also experienced in financial transactions in the real estate sector. Since publication, Marquínez has been raised to the partnership – effective January 2022.