Morgan & Morgan


3 ranked lawyersBand 2PanamaLatin America 2021 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

Well-regarded corporate team handling a variety of transactional and day-to-day matters. Strong experience structuring the acquisition and disposal of majority and minority equity stakes, advising on share purchase and shareholder agreements. Known to handle transactions of a multi-jurisdictional nature. Provides expert advice on a range of commercial contracts, such as licensing and distribution agreements. General Electric, CIFI and Grupo Mercantil are new clients.


Clients praise "the high-quality team" who offer "vast experience and knowledge of complex corporate matters." They go on to note: "They are very professional, and their expertise in the corporate arena is an invaluable asset to us."

Work highlights

Represented the majority shareholders of Cemento Interoceanico in the sale of 75% of issued and outstanding shares to Cemento de Panama.

Notable practitioners

Leading light Francisco Arias co-heads the department and comes highly recommended by market sources for his outstanding corporate practice. Clients report: "He is a key lawyer for us in the commercial arena and in particular in M&A transactions," going on to describe him as "one of the best lawyers in the area."Another interviewee adds: "Francisco is intelligent and highly experienced handling contractual matters and regulatory corporate issues."

Inocencio Galindo is "a corporate lawyer who stands out due to his knowledge of M&A transactions in the energy sector,"according to a client. Another source goes on to remark: "He is always up to date and offers excellent experience advising on commercial mandates." He continues to demonstrate prowess advising clients on the disposal of majority share interests, as well as day-to-day operational issues.

Up-and-coming partner and co-head of department Roberto Vidal comes recommended by a peer for being an "active and very good corporate lawyer." Vidal routinely assists clients from the technology, financial services and insurance sectors with their M&A transactions and joint ventures.

Department Information

This content is provided by Morgan & Morgan.


Our attorneys have participated in several M&A transactions, from their initial stages (including letters of intent and interest or memorandums of understanding), to the drafting of the purchase agreements (of stocks and assets transactions), all through to closing and post-closing, including claims for alleged violations of representations, warranties and/or covenants. 
Relevant transactional experience includes among others:

Advising the shareholders of Unity Group, a holding company with subsidiaries engaged in insurance brokerage in Central America with operations in six countries (Panama, Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua), in a corporate restructuring and subsequent sale of its business to Willis Europe B.V.

Advising Marsh Semusa and its shareholders in the execution of a call option of shares of the company.

Advising Empresas Galindo, a group of companies dedicated to the production, commercialization and distribution of corrugated packages and similar products, with respect to the buy-out of minorities shareholders in certain group entities. This was a cross border transaction involving entities from Guatemala and Panama.

Advising Cemento Interoceanico with respect to the sale of 75% of the issued and outstanding shares of the company to Cemento de Panama S.L.

Advising Farallon Nicaragua in connection with the sale of its business to Cooke Inc., a New Brunswick Canadian company and parent of Cooke Aquaculture Inc.


Arias, Francisco (Head of Department)

Anguizola, Aristides

Castillo Solís, Ana Carolina

Castrellon, Ana Cristina

Epifanio, Pablo

Galindo, Inocencio

Roux, Romulo

Varela, Ramón


AON Benfied Mexico Intermediario de Seguros

Banco Davivienda


Cemento Interoceanico


Cirsa Gaming Corporation

Constructora Urbana

Electron Investment

Empresas Vicsons

Farallon Nicaragua

Gaming & Services de Panama

General Electric

Grupo Codere

Grupo Eleta

Grupo Mercantil

Inter-American Development Bank (IDB)

Lombard Odier

Marsh Semusa

Minera Panamá

Panama Ports Company

The AES Corporation

The International Business Machines Corporation (IBM)



Commercial and Professional Services

Construction and Materials

Consumer Product Manufacturing



Financial Services

Food and Drink Producers



Industrial Engineering



Mining and Metals

Private Clients

Real Estate






Travel and Leisure


Corporate/M&A Department

Morgan & Morgan

Department location

MMG Tower, 23rd Floor

Paseo del Mar Avenue

Costa del Este

Panama City




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Articles, Highlights and Press Releases

Total 47 Articles, Highlights and Press Releases

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.



Francisco Arias
Band 1
Inocencio Galindo
Band 2
Roberto Vidal
Up and Coming