Department profile
Alemán, Cordero, Galindo & Lee

Capital Markets

Latin America Guide 2026 : Panama


Alemán, Cordero, Galindo & Lee

Rankings

About

Provided by Alemán, Cordero, Galindo & Lee

Alcogal advises many of the world’s largest and most sophisticated financial institutions on a full-range of banking, securities, and related regulatory matters in the Republic of Panama. Alcogal is an acknowledged industry leader in the banking and finance sectors, and has been involved in Panama’s largest and most complex financial transactions.

We represent many of the local and global leading financial institutions in international and domestic bank financing and other forms of acquisition and project financings, including but not limited to public tender offers, asset purchase financing, and mezzanine financings. Our lawyers advise our clients in regards to their ongoing regulatory and disclosure obligations with all the relevant local and foreign authorities and ensure they are up to date concerning all legislative developments. In addition, we regularly represent financial institutions and/or intermediaries in the process of obtaining government-issued licenses to operate in Panama, in accordance with all banking and securities laws.

Clients (10)

  • Citibank, N.A.
  • Banco General, S.A.
  • Banistmo, S.A.
  • Banco Santander (Panama), S.A.
  • BAC International Bank Inc.
  • BG Valores, S.A.
  • UBS AG
  • UBS Asesores, S.A.
  • The Bank of Nova Scotia
  • Global Bank Corporation

Industries (3)

  • Banking
  • Finance
  • Capital markets

Chambers Review

Provided by Chambers

Capital Markets - Panama

Band 1

Band 1


What the Team is Known For
Alemán, Cordero, Galindo & Lee is a leading full-service firm boasting a stellar capital markets practice in Panama. The team is frequently instructed to advise on sophisticated debt offerings, often supporting financial institutions in their capacity as underwriters, administrative agents or trustees. The department is well placed to assist both issuers and underwriters with local and international placements, including the issuance of bonds under Rule 144A and senior secured notes. The firm's client roster features notable international and domestic banks, as well as institutional investors.

Work Highlights

Provided by Chambers

  • Alemán, Cordero, Galindo & Lee advised Desarrollos Comerciales on the registration of amendments to certain terms and conditions of its corporate bonds.

Strengths

Provided by Chambers

  • Alemán, Cordero, Galindo & Lee's team is very savvy, sees all points of view and offers specialists in each area. I really like their availability and temperament. I've never had a call unanswered.

    Capital Markets respondentLatin America
  • ALCOGAL stand out for having all the necessary documents ready to go and diligently chase down loose ends. They provide good counsel to navigate the many issues that can emerge.

    Capital Markets respondentLatin America

Notable Practitioners

Provided by Chambers

  • Eminent PractitionersArturo Gerbaud de la Guardia
    Eminent PractitionersArturo Gerbaud de la Guardia

    Arturo Gerbaud de la Guardia

    Eminent practitioner Arturo Gerbaud de la Guardia continues to draw stellar praise from the market for his outstanding practice in the Panamanian capital markets arena. Clients also benefit from his market-leading position in the banking and finance arena.

    • Arturo Gerbaud de la Guardia is a highly committed lawyer with legal knowledge that is unmatched in banking and securities.

      Capital Markets respondentLatin America
  • Band 3Rafael Marquinez
    Band 3Rafael Marquinez

    Rafael Marquinez

    Partner Rafael Marquinez continues to draw significant praise from clients for his activity in the Panamanian capital markets space.

    • Rafael Marquinez shows a great deal of attention to detail, availability and response times. He fulfils his promises and is attentive.

      Capital Markets respondentLatin America

Ranked Individuals at Alemán, Cordero, Galindo & Lee (2)

Panama

Members

Provided by Alemán, Cordero, Galindo & Lee

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