Private Wealth Law Department

Morgan & Morgan is a full-service firm with substantial estate planning and asset protection capabilities. The team is adept at establishing and advising private interest foundations and trust entities. "They are true professionals and a pleasure to work with," says one source.

One market commentator says: "This is a big player in the Panamanian market, capable of dealing with complex tax matters. They are excellent at resolving problems with a practical and effective approach."

Notable practitioners

Luis Manzanares is a "savvy lawyer with huge international experience," says one source. He specialises in wealth preservation matters, including tax and succession planning advice on investment funds, trusts and private interest foundations.

Raúl Castro has substantial experience helping high net worth clients to establish trusts and offshore companies. He is well versed in the design and management of cross-border structures and corporate and estate planning. One market insider says Castro "is absolutely outstanding," explaining: "He is the go-to person when you have something complex in Panama or the BVI. He is very creative, intelligent and is always thinking outside the box when needed. He has a very practical approach towards client needs."