Projects & Energy
Latin America Guide 2025 : Panama
Band 3
About
Provided by Arias, Fábrega & Fábrega
ARIFA developed the legal structure for discounting receivables now used by infrastructure government contractors in Panama to finance their projects.
Milestones:
Panama's first City Metro (Line 1, 2 and 3); beach roadway project “Corredor de las Playas”; "Cinta Costera" (phase I, II and III); new south terminal of Tocumen International Airport.
Energy Projects
ARIFA has long provided legal services and advice to local, international and multilateral lenders, sponsors and project companies, in all major wind power, hydropower, and photovoltaic power renewable energy projects in the Republic of Panama.
The firm is a regular counsel in the international financing of energy projects in Panama and the region; in all three important energy sectors: transmission, distribution and generation.
Milestones:
LNG Costa Norte project, the single largest natural gas powered generation facility complex ever built in Panama; phase I and II of the largest active wind generation project in Panama and Central America sponsored by Goldwind and UEP; all major hydroelectric projects in Panama, including Fortuna, AES, Bahia Las Minas, Elektra, and Edemet-Edechi.
ARIFA has acted as legal counsel to the sole oil refinery that operated in Panama for nearly fifty years. The firm currently represents operators and users of pipelines and tank farms, users of oil free zone facilities, operators and users of port and marine terminals, gasoline distributors, industry suppliers and lenders.
Chambers Review
Arias, Fábrega & Fábrega is a highly regarded firm that garners strong recognition for its expertise in the financing of high-value, large-scale projects. The Panama City-based team is particularly involved in matters arising in the energy and natural resources sector, with additional know-how in social infrastructure and transport matters. The department acts as counsel to key local and international developers as well as notable financial institutions.
Work Highlights
- Arias, Fábrega & Fábrega advised Deutsche Bank on providing Acciona Construcción with a receivables purchase facility of USD90 million for the construction of Panama's paediatric facility, the "Hospital del Niño" (Children’s Hospital).
Strengths
Provided by Chambers
"Arias, Fábrega & Fábrega has a very professional team who guide us in the best way to ensure that our operations are optimal."
"Arias, Fábrega & Fábrega has a very professional team who guide us in the best way to ensure that our operations are optimal."
Notable Practitioners
Noteworthy partner Estif Aparicio boasts extensive expertise advising high-profile clients from the construction and financial services industries on the financing, construction and development of infrastructure and energy projects in Panama.
"Estif Aparicio has an excellent commercial vision of the financial and energy market. His vast experience in complex local and cross-border transactions gives him an additional edge of sophistication."
Ranked Lawyers at
Arias, Fábrega & Fábrega
Panama
Members
Provided by Arias, Fábrega & Fábrega
Ana Isabel Quijano
Cedric Kinschots
Daniela Delvalle
Donald P. Canavaggio
Head of Department
Fernando Arias F.
Javier Yap Endara
