
LOVILL is home to a growing corporate and M&A team with an active presence across the LATAM region. The group advises on a full spectrum of cross-border transactions, including corporate and asset restructurings as well as investment deals. It is also active in financing matters, regularly assisting clients with integration of funding instruments into the broader transaction strategies. Elizabeth Heurtematte, a key contact for complex cross-border transactions, leads the team alongside Cristina López, who is highly regarded for her negotiation skills. Alejandro Fung Mangravita is a notable name in equity transactions and corporate reorganisation. The team was further strengthened with the arrival of Of Counsel Gabriel Silva in May 2025.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
- Alejandro Fung is the partner I have the most contact with, and he is a person who always answers the call, very cordial and patient even when dealing with the most delicate matter.
- One of the areas that makes Lovill stand out is the sharpness with which they approach complex issues and simplify them, especially Alejandro Fung, who advises us directly on corporate matters. Likewise, it is important to acknowledge the leadership of Cristina López, a top-level negotiator who has secured excellent agreements for the company. We are very pleased with the firm's results.
- It is a highly qualified team with a keen business sense. For our company, Lovill has been a strategic partner that has helped us achieve our goals in Panama.
- Our main partner, who handles the vast majority of our cases, is Alejandro Fung, with whom we've worked for about five years. We've seen him grow at Lovill, and he's done very well. He's quick to respond, but also careful to provide advice that complies with regulations.
- Lovill has always provided us with a very personalized service, where we have easy interaction with our contact partner, who is also very willing to help us find solutions within the legal framework. Furthermore, they respond quickly to our requests.
- Instant availability and response to questions. Thoughtfulness and flexibility on issues. Knowledge about governmental and tax bureaucracy tolerances and needs. Strength of conviction on advice given. Personalized, friendly service.
Key clients
- Sanfer Centroamérica y Caribe S.A.
- Afan Enterprises S.A (Diimo)
- Riba Smith S.A.
- Sym Servicios Integrales, S.A. De C.V.
- Epiroc Central America S.A.
- Phoenix Tower International Development, LLC
- Renta Equipos S.A.
- Isthmian Investment Corporation
- M&A Capital Inc.
- Uno Corp.
Work highlights
Advised Sanfer, one of Mexico’s leading pharmaceutical groups, on the US$280 million acquisition of Vitalis, acting as Panama counsel for the acquisition of the Panama branch.
Advised Afan Enterprises S.A., holding company of the DIIMO microfinance platform, on a US$3 million multi-shareholder repurchase transaction, including negotiation of individual buyback agreements, amendment of the shareholders’ agreement, and structuring of a convertible note financing to fund the transaction while preserving corporate control.
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.
Practice head
Elizabeth Heurtematte; Cristina Lopez
Other key lawyers
Gabriel Silva; Alejandro Fung

