Ranking tables

Banking & Finance | Latin America

Panama

Banking refers to all types of regulatory banking work. Firms can render regulatory advice to any type of private or public financial institution. Finance refers to all types of financing including (but not limited to) corporate finance including acquisition or leverage finance, asset finance and project finance. Work highlights typically take the form of secured and unsecured bilateral and syndicated loans but may also constitute structured finance deals. General bank lending including interbank lending is relevant to this section as well. Refinancing: The refinancing and restructuring of existing loans and debtor in possession financing is also included. Clear preference is given to lawyers and firms that represent the lender/financial institution.

In-depth overview

PANAMA: An Introduction to Banking & Finance

PRACTICE AREA

Panama has various attributes that positively differentiate it from the rest of its region and enha...

Rankings overview for Departments

Band 1

Band 2

Band 3

Senior Statespeople

Carlos Cordero Alemán, Cordero, Galindo & Lee16 Years Ranked

Eminent Practitioners

Ricardo M Arango Arias, Fábrega & Fábrega16 Years Ranked

Band 1

Band 2

Band 3

Up and Coming

Alfredo Fonseca Zauner Icaza, González-Ruiz & Alemán1 Years Ranked
Patricia Cordero Alemán, Cordero, Galindo & Lee1 Years Ranked
Ana Carolina UrenaTrident Trust (Panama) S.A.

Associates to watch

All Departments profiles

Band 1

1
Alemán, Cordero, Galindo & Lee
Banking & Finance
2025 | Band 1 | 17 Years Ranked
Alemán, Cordero, Galindo & Lee is a powerhouse firm with a highly reputed banking and finance practice. The team boasts significant expertise advising Panamanian and multinational lenders on acquisition, trade and project finance, frequently assisting with syndicated loans. The department routinely acts as counsel to prestigious domestic and international corporate borrowers on sophisticated credit agreements, including bridge loans and the refinancing of existing debt. The firm's expertise extends to the representation of clients before the financial regulator.
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1
Arias, Fábrega & Fábrega
Banking & Finance
2025 | Band 1 | 17 Years Ranked
Arias, Fábrega & Fábrega advises on a plethora of banking and finance matters in Panama. The team demonstrates expert capabilities handling both regulatory and transactional matters for international financial institutions, including sector-specific M&A. The department routinely assists lead arrangers with syndicated financing structures, both secured and unsecured. The firm's expertise encompasses corporate, acquisition and project finance mandates, with significant exposure to cross-border transactions. Arias, Fábrega & Fábrega also has experience advising on aircraft financing and leasing issues.
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Band 2

2
Galindo, Arias & López
Banking & Finance
2025 | Band 2 | 17 Years Ranked
Galindo, Arias & López demonstrates noteworthy expertise in banking and finance matters in Panama. The team offers standout expertise in aviation financing and leasing matters, as well as acquisition and project finance. The department is frequently retained by banking entities acting as borrowers to advise on bilateral and syndicated loans, including unsecured term agreements. The firm is well positioned to provide counsel on the regulatory aspects of banking and finance transactions.
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2
Morgan & Morgan
Banking & Finance
2025 | Band 2 | 17 Years Ranked
Morgan & Morgan's experienced banking and finance practice advises on transactions in both the public and private sectors. The team has extensive experience representing clients from the energy sector, as well as global banks, in project financing matters. The department assists with bilateral and syndicated lending, along with bridge loans. The firm frequently provides counsel on the regulatory aspects of banking transactions.
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Band 3

3
Alfaro, Ferrer & Ramírez
Banking & Finance
2025 | Band 3 | 16 Years Ranked
Alfaro, Ferrer & Ramírez offers a comprehensive service to regional financial entities on an array of banking and finance matters in Panama. The team is well placed to provide advice on secured and unsecured lending and the financing of public and private projects in the construction and agribusiness arenas. The firm also advises multilateral entities on structuring credit facilities for SME businesses.
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3
FABREGA MOLINO
Banking & Finance
2025 | Band 3 | 15 Years Ranked
FABREGA MOLINO houses a seasoned banking and finance team involved in a wide variety of financial matters, and which advises on the negotiation, drafting and restructuring of cross-border bilateral and syndicated loans. The department is routinely retained by international counsel to assist with security agreements under Panamanian law. The firm is also well placed to provide complementary regulatory compliance advice.
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3
Icaza, González-Ruiz & Alemán
Banking & Finance
2025 | Band 3 | 17 Years Ranked
Icaza, González-Ruiz & Alemán possesses a noteworthy banking department well placed to advise on financial transactions and related regulatory considerations. The team is experienced acting as counsel to public entities, as well as investment banks and corporate clients. The firm also has expertise acting on project finance mandates related to infrastructure in Panama.
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3
SIGMA International and Global Market Attorneys
Banking & Finance
2025 | Band 3 | 1 Years Ranked
Boutique firm SIGMA International and Global Market Attorneys, located in Panama City, joins the banking and finance table this year. The team offers expertisein acquisition and project financing as well as supporting its clients in loan facilities. The legal department receives praise for its knowledge and customer service.
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