Department profile
Arias, Fábrega & Fábrega

Projects & Energy

Latin America Guide 2026 : Panama


Arias, Fábrega & Fábrega

Rankings

About

Provided by Arias, Fábrega & Fábrega

ARIFA developed the legal structure for discounting receivables now used by infrastructure government contractors in Panama to finance their projects.

Milestones:
Panama's first City Metro (Line 1, 2 and 3); beach roadway project “Corredor de las Playas”; "Cinta Costera" (phase I, II and III); new south terminal of Tocumen International Airport.

Energy Projects
ARIFA has long provided legal services and advice to local, international and multilateral lenders, sponsors and project companies, in all major wind power, hydropower, and photovoltaic power renewable energy projects in the Republic of Panama.

The firm is a regular counsel in the international financing of energy projects in Panama and the region; in all three important energy sectors: transmission, distribution and generation.

Milestones:
LNG Costa Norte project, the single largest natural gas powered generation facility complex ever built in Panama; phase I and II of the largest active wind generation project in Panama and Central America sponsored by Goldwind and UEP; all major hydroelectric projects in Panama, including Fortuna, AES, Bahia Las Minas, Elektra, and Edemet-Edechi.

ARIFA has acted as legal counsel to the sole oil refinery that operated in Panama for nearly fifty years. The firm currently represents operators and users of pipelines and tank farms, users of oil free zone facilities, operators and users of port and marine terminals, gasoline distributors, industry suppliers and lenders.

Chambers Review

Provided by Chambers

Projects & Energy - Panama

Band 3

Band 3


What the Team is Known For

Arias, Fábrega & Fábrega is a highly regarded firm that garners strong recognition for its expertise in the financing of high-value, large-scale projects. The Panama City-based team is particularly involved in matters arising in the energy and natural resources sector, with additional know-how in social infrastructure and transport matters. The department acts as counsel to key local and international developers as well as notable financial institutions.

Work Highlights

Provided by Chambers

  • Arias, Fábrega & Fábrega advised Banco General on a USD100 million revolving line of credit and a USD25 million short-term loan granted to Naturgy, an energy distributor in Panama. .

Strengths

Provided by Chambers

  • Arias, Fábrega & Fábrega has a team of highly knowledgeable professionals with strong experience in project finance. Its client service is excellent, with responses that are timely and to the point.

    Projects & Energy respondentLatin America

Notable Practitioners

Provided by Chambers

  • Band 3Estif Aparicio
    Band 3Estif Aparicio

    Estif Aparicio

    Noteworthy partner Estif Aparicio boasts extensive expertise in advising high-profile clients from the construction and financial services industries on the financing, construction and development of infrastructure and energy projects in Panama.

    • Estif Aparicio is a lawyer with strong experience and knowledge of complex infrastructure and energy matters.

      Projects & Energy respondentLatin America

Ranked Individuals at Arias, Fábrega & Fábrega (1)

Panama

Members

Provided by Arias, Fábrega & Fábrega

  • Ricardo M Arango

  • Fernando Arias F.

  • Javier Yap Endara

  • Donald P. Canavaggio

  • Cedric Kinschots

  • Ana Isabel Quijano

  • Estif Aparicio

    Head of Department

    View profile of Estif Aparicio

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