Icaza, González-Ruiz & Alemán > Panama, Panama > Firm Profile
Icaza, González-Ruiz & Alemán Offices
IGRA BUILDING, NO 8 AQUILINO DE LA GUARDIA STREET
Icaza, González-Ruiz & Alemán > The Legal 500 Rankings
Panama > Capital markets Tier 2
Gabriel González-Ruiz and Michelle O de de la Guardia lead the team at Icaza, González-Ruiz & Alemán, which is experienced in advising on public offerings on the Panama Stock Exchange, as well as private placements. Clients include a wide range of banks, multilateral development agencies, and private funds and businesses. In addition, the team often assists with regulatory matters, including the licensing of brokerage houses, investment and private pension administrators, and investment advisers. Among the other key members of the practice are Luis Chalhoub, who has additional expertise in corporate and banking matters, and associate Alfredo Fonseca.
Gabriel González-Ruiz; Michelle O. de de la Guardia
Empresa Nacional de Autopista (ENA)
Superintendency of Banks of Pannama
Metro de Panamá
Insignia Financial Advisors
- Advised Empresa Nacional de Autopista (ENA), ENA Este and Ena Sur on a public offering of $400m 4.00% senior secured notes due 2048.
- Advising the Superintendency of Banks of Panama on the constitution of a trust that will serve as a liquidity fund with an endowment of $1bn for banks with a general licence in Panama to resolve their liquidity insufficiencies during the pandemic.
- Advised Metro de Panamá on the notes issuance by SPARC EM SPC for the account of Panama Metro Line 2, backed by promissory note certificates (CDNOs) issued by the client.
Panama > Corporate and M&A Tier 2Icaza, González-Ruiz & Alemán‘s ‘extremely strong‘ team is skilled in advising multinational clients, particularly on their entry into the Panamanian market and on cross-border M&A transactions. Restructurings, due diligence and compliance advice are other key areas of work. At the head of the practice, Joaquín Díaz focuses on the firm’s international practice, advising clients based outside Panama, while Alexis Herrera Jr advises multinationals investing in Panama or with operations in the country on domestic M&A and corporate matters. Senior partner Gabriel González-Ruiz, Luis Chalhoub, who has expertise in finance and M&A deals, and Mariela de la Guardia, the director of the firm’s Fundación IGRA pro bono programme, which focuses on social development issues, are also key contacts. The practice group was further strengthened with the raising of Mariano Oteiza Díaz to the partnership in September 2021.
Joaquin Diaz; Alexis Herrera Jr.
‘An extremely strong team.’
‘They particularly stand out for their dynamic approach to resolving clients’ matters.’
‘They clearly understand the client’s requirement and, on that basis, they try to define the route that best meets those requirements, with detailed knowledge of the relevant issues to take into account.’
Inversiones Panamericanas de Café de Panamá
HPH joint venture consortium
- Advised Canadian multinational Dollarama on the acquisition of 50.1% of the shares in Dollarcity, a Latin American value retailer.
- Acted as local counsel to AES Panama and AES Changuinola on the acquisition of UEP Penonome I.
- Advised the HPH joint venture consortium on the negotiation of the Panama Metro Line 3 project contract.
Gabriela Tejada de Britton
‘The team stands out for its clarity and precision in explaining legal concepts, as well as the transparency and diligence of its work.’
‘All of the lawyers without exception are very receptive, clear and professional.’
Car Freshner Corporation
The Sherwin-Williams Company
Cervecería Nacional – AB InBev
- Acted for Victorinox in opposition proceedings filed against the defendant’s trade mark registration.
- Acted for Sky International in a nullity action over the trade mark “Skyworth” filed by Skyworth Group.
- Acted for Swatch in opposition proceedings against the filing of the trade mark “IWatch” by Brightflash USA and Apple.
Panama > Banking and finance Tier 3With ‘extensive knowledge of the banking sector‘, Icaza, González-Ruiz & Alemán is particularly noted for its strength in project finance, advising on developments in the real estate, infrastructure, tourism, transportation and energy sectors. During the pandemic, the team has been increasingly active advising on refinancings in the local market, and it also assists with regulatory issues and obtaining banking licences. Local banks make up a large part of the team’s client roster, in addition to international financial institutions and corporate borrowers. The team is led by the experienced trio of Gabriel González-Ruiz, who is particularly active on project finance mandates, Michelle O de de la Guardia and Luis Chalhoub. The practice group was further strengthened with the raising of Mariano Oteiza Díaz to the partnership in September 2021.
Gabriel González-Ruiz; Michelle O. de de la Guardia; Luis Chalhoub
‘The firm stands out for its extensive knowledge of the banking sector and the availability of the partners.’
‘They work well as a team compared to other firms.’
‘For banking and fiduciary matters, Luis Chalhoub deserves to be highlighted as a specialist in the field.’
The Bank of Nova Scotia (Panamá)
Ministry of Economy and Finance of Panama
JP Morgan Chase Bank, National Association
Global Bank Corporation
BHD International Bank
- Advised Metro de Panama on two refinancing transactions relating to the project for the construction of Line 2 of the Panama Metro.
- Advised Caja de Ahorros in a credit operation through BBVA worth $200m, with a MIGA guarantee, to finance its response to the Covid-19 pandemic.
- Advised the Superintendency of Banks on the constitution of a trust that will serve as a liquidity fund with an endowment that will reach up to $1bn so that banks with a general licence in Panama can solve their liquidity insufficiencies due to the pandemic.
Panama > Offshore Tier 3
Icaza, González-Ruiz & Alemán provides offshore services in a number of key jurisdictions, with offices in Cyprus, Hong Kong, Singapore, Switzerland and Uruguay. The team is experienced in the creation of trusts and private interest foundations, and also provides fiduciary services through its group companies, Icaza Trust Corporation and Icaza, Gonzalez Ruiz & Alemán (BVI) Trust Limited, in Panama and the British Virgin Islands, respectively. Joaquín Díaz Strunz is the key contact.
Panama > Transport: Shipping Tier 3
Icaza, González-Ruiz & Alemán handles a range of maritime matters, including the registration of vessels - both in Panama and in overseas jurisdictions including Belize, the Bahamas, Liberia and the Marshall Islands - the purchase and sale of ships, shipping finance and maritime litigation, including proceedings before the Panama Canal Authority. Among the key members of the team are of counsel Joel Medina and Alexis Herrera Jr.
Joel Medina; Alexis Herrera Jr
Icaza, González-Ruiz & Alemán > Firm Profile
Icaza, Gonzalez-Ruiz & Aleman is a Panamanian law firm established in 1920. It is composed of a team of 39 lawyers capable of handling the most important branches of law, both at national and international levels. It is one of the country’s leading law firms upholding a strong commitment to client responsibility and unyielding ethics.
The firm: Supported by excellent academic credentials and significant experience in legal services, the firm looks after the individual needs of a distinguished and diverse clientele.
With over 100 years of experience, the beginnings of this prestigious law firm date back to the first quarter of the last century, when jurists Juan Lombardi (1875-1944) and Carlos Icaza (1895-1979) founded the firm Lombardi and Icaza in 1920. Almost 30 years later, the firm became Icaza, Gonzalez-Ruiz & Aleman.
Since then, the partners of Icaza, Gonzalez-Ruiz & Aleman have contributed in significant ways to the structure and jurisprudential blueprints of Panama, with a number of its lawyers leaving an indelible print in public service as pioneers who contributed to the creation of the legal structure of the country.
Over the years, the firm has evolved and expanded alongside Panama’s international services center, delivering services of the highest caliber and enjoying an unrivalled reputation.
Icaza, Gonzalez-Ruiz & Aleman provides tailor-made, sophisticated solutions to key corporate clients, international institutions, and public entities while remaining committed to offering a partner-led, individualized legal service and advice to private clients.
The firm’s specialized and high-caliber work has also been acknowledged by important international organizations such as the World Bank and The Inter-American Development Bank, which have been clients of the firm both internationally and locally.
Areas of practice: The legal team has the capacity and required experience to render comprehensive legal consulting in 22 practice areas, including administrative; admiralty and shipping; banking and finance; capital markets and securitization; communications and information technology (CIT); corporate law; consumer protection and competition law; environment and energy; immigration and naturalization; labor; insurance and reinsurance; intellectual property; international commerce; litigation and alternative dispute resolution; mergers and acquisitions; public contracts and privatizations; taxation; company formation; trust and estate planning; and private foundations.
This work is supported by the firm’s membership of prestigious international legal networks, such as Multilaw, a global network of independent law firms, which connects Icaza, Gonzalez-Ruiz & Aleman, and its clients with legal professionals in more than 150 cities around the world.
|Banking and finance||Luis A Chalhoub|
|Banking and finance||Michelle O de de la Guardia|
|Contracts||Alfredo Fonseca Zauner|
|Immigration and naturalization||Ana Graciela Medina|
|Immigration and naturalization||Ayleen Quintero|
|Intellectual property||Gabriela Tejada de Britton|
|Labor and employment||Javier Vallarino|
|Labor and employment||Alexis Herrera Jr|
|Litigation and ADR||Marisol Ellis|
|Litigation and ADR||Carlos Villalobos|
|Maritime and admiralty||Joel R Medina|
|Maritime and admiralty||Alexis Herrera Jr|
|Mergers and acquisitions||Luis A Chalhoub|
|Mergers and acquisitions||Gabriel González-Ruiz|
|Trust services||Joaquín Díaz|
|Trust services||Estefania Alemán|
|Dr Estefania Alemán||Panama Trusts and Vista Trusts, and Energy and Hydrocarbons.||View Profile|
|Dr Roberto Alemán||Corporate Law||View Profile|
|Mr Ricardo A. Ceballos G.||Administrative Law, Contracts, Corporate Law, Real Estate & Tourism||View Profile|
|Mr Luis Chalhoub M.||Administrative Law; Banking and Finance; Capital Markets; Consumer Protection & Competition; Contracts, Insurance and Re-Insurance; Panama Trusts; Trust Services.||View Profile|
|Dr Joaquín Díaz Strunz||Labor Law; Company Formation and Management; Corporate Law; Contracts; Panama Private Interest…||View Profile|
|Mr Domingo Díaz Strunz||Banking Law, Company Formation and Management, Contracts, Corporate Law, Real Estate and…||View Profile|
|Mr Domingo Díaz de la Guardia||Administrative Law, Company Formation and Management, Corporate Law, Public Contracting||View Profile|
|Mrs Marisol Ellis||Litigation & ADR||View Profile|
|Mr Eduardo Flores B.||Labor Law||View Profile|
|Mr Alfredo Fonseca Z.||Maritime and Admiralty Law; Contracts; Banking Law & Finance; Energy & Hydrocarbons;…||View Profile|
|Mrs Yexadira García||Company Formation and Management; Corporate Law; Trusts in different jurisdictions.||View Profile|
|Mr Fernando González-Ruiz||Intellectual Property; Company Formation and Management; Contracts; Corporate Law; Panama Private Interest Foundations; Civil and Criminal…||View Profile|
|Mr Adolfo González-Ruiz||Corporate Law, Company Formation and Management and Public Contracting.||View Profile|
|Mr Francisco González-Ruiz||Administrative Law; Company Formation and Management;Contracts; Corporate Law; Intellectual Property; Panama Private Interest Foundations||View Profile|
|Mr Gabriel González-Ruiz||Public Procurement and Privatizations, Administrative Law, Commercial Law, Tax Law, Banking Law,…||View Profile|
|Dr Alexis V. Herrera Ríos||Public Contracting & Privatization; Mergers, Acquisitions and Financing; Corporate Law; Maritime and…||View Profile|
|Mrs Nora Jurado||Corporate Law, Maritime and Admiralty.||View Profile|
|Mr Joel Medina||Maritime Law, Company Formation and Management, Corporate Law||View Profile|
|Mrs Ana Graciela Medina||Communications & IT; Corporate; Immigration and Naturalization; Real Estate; Tourism Law.||View Profile|
|Mr Mariano Oteiza Díaz||Administrative Law; Company Formation and Management; Contracts; Corporate Law; Panama Private Interest Foundations||View Profile|
|Mr Mariano Oteiza Icaza||Banking Law, Corporate Law; Contracts; Company Formation and Management; Real Estate and…||View Profile|
|Mrs Michelle Oteiza de de la Guardia||Administrative Law, Banking Law & Finance, Capital Market, Contracts, Corporate Law, Insurance…||View Profile|
|Mrs Ayleen Quintero||Inmigration and Naturalization, Real Estate & Tourism, Special Economic Zones, and Contracts.||View Profile|
|Mr Moisés Rivera||Administrative Law, Consumer Protection & Competition, Contracts, Corporate Law, Intellectual Property, Litigation…||View Profile|
|Mrs Gabriela Tejada de Britton||Intellectual Property: Trademarks, patents, utility models, industrial designs, slogans, copyrights, trade and…||View Profile|
|Mrs Karen Tejeira S.||Labor Law||View Profile|
|Mr Javier Vallarino||Labor Law: Advisor on labor issues, queries, procedures, conciliation, negotiations, claims and…||View Profile|
|Carlos Villalobos||Litigation & ADR||View Profile|
|Miss Mariela de la Guardia O.||Law; Public Contracting, Company Formation and Management; Contracts; Corporate Law; Intellectual Property;…||View Profile|