Veló Legal

Established in 2019, Veló Legal is Panama’s first NewLaw firm, celebrated for its innovative approach to legal services and pioneering status in Latin America. Founded with a commitment to redefining traditional legal practices, the firm employs agile methodologies, cutting-edge technology, and a client-centric focus. Recognised as one of the most innovative law firms in the region, Veló Legal continues to lead the transformation of legal services in areas such as corporate law, financial law, fintech, and technology sectors.

Corporate / Digital (Fintech) Department

Veló Legal’s Corporate / Digital (Fintech) Department is a recognised leader in Panama and internationally, specialising in blockchain technology, digital payment platforms, data privacy, and regulatory compliance. The department’s expertise has positioned it as a key player in shaping Panama’s legal and regulatory landscape.

Under the leadership of Carolina De La Guardia and formerly Carlos Hoyos, the department has achieved milestones such as:

• Drafting Panama’s innovative Crowdfunding Legislation, contributing to the diversification of the nation’s financial services sector.
• Advising on critical public policy matters, including regulations for Panama’s Data Privacy Law and electronic signatures, ensuring a robust regulatory framework for the fintech ecosystem.

Currently, Carlos Hoyos is on leave from the firm while serving as Vice Minister of Foreign Trade of Panama, further showcasing Veló Legal’s role in shaping both legal and public policy spheres.

These achievements highlight Veló Legal’s expertise in creating secure and innovative environments for financial technologies and digital transformations, reinforcing its position as a leader in the industry.

Key Work and Clients

Veló Legal provides strategic advisory services to a diverse range of clients in the fintech and technology sectors, including:

• Code-Éxitos: Legal structures for employee reward programs.
• Go Beyond (Gustazos brand): Legal operations support.
• Pluxee Panama: Digital payment technologies.
• Redline: Cryptocurrency and NFT marketplace solutions.
• Ripio: Guidance in the Latin American cryptocurrency market.

Additionally, the department supports dynamic sectors such as e-commerce, IoT solutions, and high-technology integrations, facilitating seamless market entry, compliance, and operational frameworks for clients like Mi Tiendita Latam, Lulubit, and Stasis Network.

Legal Innovations and Contributions

Veló Legal is at the forefront of employing legal design, simplifying complex legal concepts into accessible frameworks that enhance client relationships. The firm has supported global expansions, such as assisting Urbanitae in the real estate investment sector.

By combining technical expertise with innovative methodologies, Veló Legal bridges the gap between complex regulations and practical solutions, empowering clients to tackle the evolving fintech and technology landscapes confidently.

Leadership Team

1. Carolina De La Guardia
2. A prominent advisor in corporate law, financial law, and data protection, Carolina is a key figure in regulatory development for Panama’s fintech sector. She has actively guided public policy initiatives, including contributions to ICT and Fintech regulations, positioning Veló Legal as a leader in the legal sector.
3. Carlos Hoyos (Currently on Leave)
4. Renowned for his strategic expertise in fintech and technology law, Carlos has led key initiatives in public contracting, tourism, and digital transformation. His current role as Vice Minister of Foreign Trade of Panama highlights his significant contributions to public policy and economic development.
5. Juan Antonio Boyd
6. An authority in banking and financial law, Juan Antonio advises financial institutions on asset recovery and compliance. His thought leadership extends to promoting LegalTech innovation, improving the legal sector’s approach to technology-driven solutions.