
Icaza, González-Ruiz & Alemán advises on the full spectrum of banking and finance-related matters, including assisting lenders involved in Panama’s first ever Public-Private Partnership Project in infrastructure, owing to the team's ability to navigate complex structures. The team is adept in guiding financial institutions and corporate clients through every phase of project structuring and financing, with Gabriel González-Ruiz sought after for his project finance expertise. Michelle O de de la Guardia and Luis Chalhoub are also key names; all three partners mentioned jointly lead the practice.
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Key clients
- Global Bank Corporation
- Banco Internacional de Costa Rica
- Deutsche Bank – Spain
- Banco Nacional de Panamá
- Caja de Ahorros
- The Bank of Nova Scotia
- Banco PRIVAL
- PSA PANAMÁ INTERNATIONAL TERMINAL
- Acciona Construcción
- CASEIF IV
- Ministry of Economy and Finance of Panama
- European Investment Bank
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.

Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
Alfredo Fonseca
Practice head
Gabriel González-Ruiz; Michelle O. de de la Guardia; Luis Chalhoub