Ranking tables
Capital Markets | Latin America
Panama
Authored by Alemán, Cordero, Galindo & Lee, Rafael Marquinez
Rankings overview for Departments
Eminent Practitioners
Band 1
Band 2
Band 3
All Departments profiles
Band 1
1 Alemán, Cordero, Galindo & LeeCapital Markets2025 | Band 1 | 17 Years RankedAlemán, Cordero, Galindo & Lee is a leading full-service firm boasting a stellar capital markets practice in Panama. The team is frequently instructed to advise on sophisticated debt offerings, often supporting financial institutions in their capacity as underwriters, administrative agents or trustees. The department is well placed to assist both issuers and underwriters with local and international placements, including the issuance of bonds under Rule 144A and senior secured notes. The firm's client roster features notable international and domestic banks, as well as institutional investors.
1 Arias, Fábrega & FábregaCapital Markets2025 | Band 1 | 17 Years RankedArias, Fábrega & Fábrega is a stellar full-service firm in Panama overseeing a full spectrum of capital market deals, with particular activity in the debt market. The team boasts extensive experience offering counsel to underwriters and issuers on the placement of corporate bonds, including senior notes. The department also represents multinational investment banks in sovereign bond offerings. The firm is frequently called upon to handle complex securitisations as well as tender offers to acquire equity interests in publicly listed companies.
1 Morgan & MorganCapital Markets2025 | Band 1 | 17 Years RankedMorgan & Morgan offers a highly regarded capital markets practice that is experienced at advising on the issuance of debt and equity securities through private placements and public offerings in Panama. The team has strong expertise across sovereign, green and corporate bond issuances, in addition to handling initial public offerings. The department is equally capable representing major corporate issuers and financial institutions acting as underwriters and initial purchasers.
Band 2
2 Alfaro, Ferrer & RamírezCapital Markets2025 | Band 2 | 10 Years RankedAlfaro, Ferrer & Ramírez possesses an admired practice often advising real estate funds, consumer finance companies, regional banks and multilateral organisations on Panamanian and international issuances of debt and equity. The team boasts interesting experience advising on green and social impact bonds, as well as handling regulatory mandates, such as counselling broker-dealers on financial licences.
2 Galindo, Arias & LópezCapital Markets2025 | Band 2 | 17 Years RankedGalindo, Arias & López houses a respected capital markets department within a well-reputed full-service firm in Panama. The department assists an array of companies, banks and financial advisers with debt and equity offerings in both the local and international markets. The team is particularly skilled in counselling corporate issuers on debt transactions, including bond issuances under Rule 144A. Its well-resourced bench of solid practitioners is also experienced in dealing with fund formation and representing brokerage groups before the Securities Commission.
Band 3
3 Quijano & AssociatesCapital Markets2025 | Band 3 | 2 Years RankedQuijano & Associates is a respected law firm active in the capital markets arena in Panama. The legal department boasts expertise advising on note issuances, bond offerings and securitisations, as well as on regulatory issues including registration on stock markets. Quijano & Associates is frequently retained by clients from the real estate and energy and natural resources sectors.
3 Virtú Atelier LegalCapital Markets2025 | Band 3 | 2 Years RankedVirtú Atelier Legal possesses an active capital markets practice group in Panama with significant experience advising on securitisation, corporate bond issuances and IPOs, as well as on the structuring of REITs. The legal department routinely assists clients from the banking and real estate industries.