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Alfaro, Ferrer & Ramírez


3 ranked lawyersBand 1PanamaLatin America 2022 View ranking table
chambers review
department information
Ranked Lawyers
chambers review
department information
Ranked Lawyers

Chambers Review

Chambers Research is conducted by 200 Research Analysts, across 200 jurisdictions and provides nearly 6,000 rankings tables. Annually we collect hundreds of thousands of responses from clients, the majority via in-depth interview. Learn more about our methodology.

What the team is known for

Acclaimed corporate department with a market-leading practice in Panama. Alfaro, Ferrer & Ramírez offers vast and varied experience acting on high-value M&A transactions, with an emphasis on deals involving listed companies and private equity groups. Stellar team handles the disposal of majority stakes and share purchase agreements, in addition to joint ventures and corporate reorganisations. Services an impressive roster of clients active in agribusiness, financial services and retail.


"I have had an excellent experience working with the firm," a client notes, adding: "The service provided by Alfaro, Ferrer & Ramírez is very good and I would say it is characterised by their responsiveness."

Another interviewee enthuses: "The firm always provides a very high-quality service, ensuring that their clients always have reliable legal support." They also appreciate their "extensive knowledge and experience in corporate matters."

Work highlights

Alfaro, Ferrer & Ramírez represented Mizratex Group on a spin-off, as well as the sale of its Christmas division to May’s Zona Libre.

Notable practitioners

Alejandro Alemán is "a brilliant lawyer who provides efficient and consistent advice," an interviewee reports. Another commentator adds: "Alejandro Alemán is a knowledgeable and experienced practitioner," further highlighting his "business acumen and highly responsive service." He is well placed to assist clients across a variety of corporate matters, including M&A transactions, spin-offs and shareholder agreements.

Senior statesperson Alfredo Ramírez Jr offers a longstanding presence in Panama's corporate field. One interviewee highlights his vast experience in the area, while another onlooker states: "Alfredo Ramírez Jr has a prestigious reputation in this sector."

The "very good" Luis López Alfaro "stands out for his client service," a market observer says, adding: "He has a good client portfolio as well as strong expertise in the area." Another commentator appreciates that "he has a very good knowledge of corporate law."

Department Information

This content is provided by Alfaro, Ferrer & Ramírez.


AFRA has a very active Corporate/M&A practice, and regularly advises on both sides, purchaser and seller. The firm's services start right from the kick off, organizing, advising and participating in complex due diligence processes, structuring and managing data rooms, delivering due diligence reports and assessing potential liabilities. Our team has earned a reputation for its ability to draft, structure and negotiate complex transactional documents, such as purchase agreements (both in share deals and asset deals), shareholders' agreements and ancilliary agreements, including non-compete arrangements, escrow agreements to cover for potential price adjustments, non-disclosure obligations, and so forth.  

Recent work includes high profile banking transactions, such as the purchase of Banvivienda by Global Bank and the acquisition of Banco Panama by Banco Aliado. Our Corporate/M&A team also assisted in the acquisition of a controlling participation by Dollarama in Dollarcity, the sale  of Centro Médico Paitilla to Grupo Hospiten, the purchase of department store Felix B. Maduro by Grupo Arrocha and Diunsa, and the purchase of a majority participation in Supermercados Xtra by Southern Cross Group, an international private equity fund. 

Another high profile case that kept our attorneys busy was advising Kingsland Holdings Limited on its role as Independent Third Party and second largest shareholder on Avianca Holdings, S.A.


López Alfaro, Luis R (Head of Department)

Ramírez Jr, Alfredo (Head of Department)

Alemán, Alejandro

Alfaro, Juan Antonio

Harrington Arango, Roberto

Moreno, Ricardo






Arcos Dorados

Balboa Academy

China Construction America (CCA)


Global Bank Corporation

Grand Bay Paper & Care Products


Hilti Latin America



Port of Singapore Authority (PSA)


Red Bull

Ricoh Latin America

Riu Hotels

Stanley Black & Decker


The Rohatyn Group

The Western Union Company




Banking & Finance


Cosmetic & Fragance

Educational Institutions


Financial Institutions

Food & Beverage

High Equipment & Machinery


Manufacturing & Distribution

Oil & Gas

Paper Tissue


Real Estate


Tourism & Hospitality


Alfaro, Ferrer & Ramírez


Edificio AFRA

Ave. Samuel Lewis y CL 54






View Firm Profile

Ranked Lawyers

Chambers Research is conducted by 200 Research Analysts, across 200 jurisdictions and provides nearly 6,000 rankings tables. Annually we collect hundreds of thousands of responses from clients, the majority via in-depth interview. Learn more about our methodology.



Alejandro Alemán
Band 2
Alfredo Ramírez Jr
Senior Statespeople
Luis R López Alfaro
Band 4