The corporate and M&A team at Arias, Fábrega & Fábrega advises clients throughout the transaction cycle, from structuring and due diligence to negotiation, closing, and post-acquisition integration. The group regularly handles high-value, cross-border transactions, including all related due diligence. It is particularly well regarded for its work on equity transactions. The team is co-led by Ricardo M Arango, recognised for his strong track record in large-scale financial and M&A transactions, and Andrés Rubinoff, who advises on large-scale equity matters. Estif Aparicio, a distinguished corporate specialist, is another notable name on the team. Fernando Arias F specialises in project financing and equity matters. Javier Yap Endara is a key contact for high-value financings. They are closely supported by Isabella de la Guardia, who assists at every stage of transactions. The firm also strengthened its offering with the hire of Jeannette Bravo, who is experienced in advising local and multinational companies on corporate, labour and other matters, from LOVILL in June 2026.
Legal 500 Editorial commentary

Accolades

Client satisfaction: Billing & efficiency
Client satisfaction: Sector knowledge

Key clients

  • Moody's
  • Cemex
  • Inversiones Bahia, Ltd.
  • Capital Bank
  • Hopsa
  • Magna Motors
  • Banco Centroamericano de Integracion Economica (BCIE / BECI)
  • Qatari Diar
  • Pronaca

Work highlights

Advised Grupo ASSA on the sale of its majority equity stake in La Hipotecaria to Inversiones Cuscatlán Centroamérica.
Advised Coinbase on its acquisition of Deribit, one of the first crypto-focused companies operating in and from Panama, in the context of a complex and continually evolving legal landscape, where crypto and digital assets remain largely unregulated.
Advised La Estancia Investment Holding, part of Grupo Pronaca (Ecuador’s leading agri-food company with a nationwide distribution footprint), on the acquisition of the remaining 25% of the share capital of Productos Toledano, one of Panama’s leading poultry producers and consumer brands.

Lawyers

Hall of Fame

The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.

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.

Leading associates

Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.

Isabella de la Guardia
Isabella de la Guardia
Practice head

Ricardo M. Arango; Andres Rubinoff

Other key lawyers

Estif Aparicio; Fernando Arias F; Javier Yap Endara; Isabella de la Guardia