Shipping
Latin America Guide 2025 : Panama
Band 2
Email address
[email protected]Contact number
+507 306 9600About
Provided by Patton Moreno & Asvat (PANAMA)
More than 40 years ago, Patton, Moreno & Asvat began its legal practice as a law firm primarily focused on Maritime Law and Commercial Law. Today, we are still leaders in maritime financing, maritime litigation and ship registration in the Republic of Panama, as a result of the continued trust of our clients and the high level of service rendered by our team of professionals.
Our experienced lawyers of the Maritime Department have a real and deep knowledge of the industry, and have an active participation within the major maritime associations, as the Panama Maritime Law Association (APADEMAR), in which our partner Belisario Porras was President (2015-2017), Maria de Lourdes Marengo (President 2009/2010), Maria Teresa Diaz (Secretary 1993-1994), and associate Joaquín De Obarrio (Board of Directors 2019-2020/2020-2021) thus contributing to the development of the sector.
Our clientele include shipowners, charterers, shipyards, ports and port terminals owners, insurance companies, international banks and financial institutions, private equity investors, consortiums and other players of the maritime sector.
Patton, Moreno & Asvat provide a complete service in each of the areas of the legal maritime industry:
- Ship Registry and Finance
- Ship Mortgages
- Maritime Litigation
- Arrest of Vessels
- Licences to Operate in Panamanian Waters & Ports
Chambers Review
Patton Moreno & Asvat's outstanding maritime practice group is frequently sought out by international co-counsel to act on cross-border ship financing mandates. Its highly regarded team advises a who's who of financial entities on a range of sophisticated lending transactions, such as cross-collateral secured loans, in addition to assisting with debt restructuring matters. The department also provides counsel to drilling and insurance clients. The firm's expertise extends to vessel title and mortgage registration. The department's clients also benefit from a dedicated London office.
Work Highlights
- Patton Moreno & Asvat acted as Panamanian counsel toBarclays Capital on the transactions contemplated under a purchase agreement with Carnival Corporation.
Strengths
Provided by Chambers
"Patton Moreno & Asvat's lawyers are detail-oriented and assist us very closely.The team follows up frequently to understand our needs and shows a good understanding of our matters."
"Patton Moreno & Asvat's lawyers are detail-oriented and assist us very closely.The team follows up frequently to understand our needs and shows a good understanding of our matters."
Notable Practitioners
Established practitioner Belisario Porras comes highly recommended by market observers for his shipping practice in Panama.
"Belisario Porras is a very good lawyer who manages maritime matters."
Active partner María Teresa Díaz continues to show significant prowess advising clients on ship financing mandates. She is also well versed in vessel registration, asset purchases and transfers of ownership.
"We are very pleased with María Teresa Díaz's services. She also has a very strong commercial vision."
Ranked Lawyers at
Patton Moreno & Asvat (PANAMA)
Panama
Members
Provided by Patton Moreno & Asvat (PANAMA)
Head of Department
Enrique Sibauste
Joaquin De Obarrio
Head of Department
Industries
Provided by Patton Moreno & Asvat (PANAMA)
Banks
Construction
Financial
Insurance
P&I Clubs
Transportation