Ranking tables

Corporate/M&A | Latin America

Panama

This broad category covers both public company and private equity (including venture capital) matters. The chapter includes company acquisitions and dispositions, capitalisations, entity selection and formation, operating and partnership agreements, and governance matters. Also covers those transactions designed to help restructuring within companies and their subsidiaries by change of ownership. Priority is placed on primary representatives, those acting for buyers and sellers. Non-transactional corporate advice is perfectly acceptable with the exception of contentious matters i.e. commercial litigation or arbitration which is only considered in the Dispute Resolution section (see below).

Rankings overview for Departments

Associates to watch

  1. Chris EffioAxios Law
  2. Paula AlzateCedeño y Mendez

All Departments profiles

1

Band 1

  1. Alfaro, Ferrer & Ramírez
    1
    Alfaro, Ferrer & Ramírez
    Corporate/M&A
    2025 | Band 1 | 17 Years Ranked
    Alfaro, Ferrer & Ramírez houses an acclaimed corporate department with a market-leading practice in Panama, offering vast and varied experience acting on high-value M&A transactions, with an emphasis on deals involving listed companies and private equity groups. The department handles the disposal of majority stakes and share purchase agreements, in addition to joint ventures and corporate reorganisations. The firm services an impressive roster of clients active in agribusiness, financial services and retail.
  2. Arias, Fábrega & Fábrega
    1
    Arias, Fábrega & Fábrega
    Corporate/M&A
    2025 | Band 1 | 17 Years Ranked
    Arias, Fábrega & Fábrega is an esteemed transactional heavyweight representing clients from the aviation, telecommunications and retail arenas, along with real estate companies. The firm remains a top choice of local co-counsel for international firms handling cross-border corporate and M&A deals. The outstanding bench of stellar practitioners routinely advises on complex transactional mandates, including the disposal of majority and minority stakes, as well as tender offers, stock purchase and shareholder agreements in Panama. The department is also well placed to advise on day-to-day operational matters, including regulatory compliance and corporate governance.
  3. Galindo, Arias & López
    1
    Galindo, Arias & López
    Corporate/M&A
    2025 | Band 1 | 17 Years Ranked
    Galindo, Arias & López is a highly distinguished full-service firm with a stellar corporate practice. Its expert team of noted practitioners handles complex mergers and acquisitions, advising minority and majority shareholders on transfers of equity, as well as handling share purchase agreements and related due diligence. It is frequently retained by large Panamanian entities to assist with the restructuring of corporate holdings, including incorporating joint venture agreements as special purpose vehicles. The firm also counsels clients on a key range of commercial contracts, such as franchise agreements.
  4. Morgan & Morgan
    1
    Morgan & Morgan
    Corporate/M&A
    2025 | Band 1 | 17 Years Ranked
    Morgan & Morgan handles a variety of transactional and day-to-day corporate matters in Panama. The team offers extensive experience structuring the acquisition and disposal of majority and minority equity stakes, advising on share purchase and shareholder agreements. The firm handles transactions of a multi-jurisdictional nature and also provides expert advice on a range of commercial contracts, such as licensing and distribution agreements.
2

Band 2

  1. Alemán, Cordero, Galindo & Lee
    2
    Alemán, Cordero, Galindo & Lee
    Corporate/M&A
    2025 | Band 2 | 17 Years Ranked
    Alemán, Cordero, Galindo & Lee is a respected name in the M&A arena, with a strong presence in international transactions. The team is active advising clients from a range of sectors, including financial services, telecommunications and energy, on complete and partial takeover bids. The department routinely assists foreign clients with the expansion of their operations in the Panamanian market, boasting solid experience in cross-border transactions involving private equity groups.
  2. LOVILL
    2
    LOVILL
    Corporate/M&A
    2025 | Band 2 | 9 Years Ranked
    LOVILL houses a well-regarded corporate practice group involved in an array of mandates such as M&A transactions, spin-offs and corporate restructuring, along with corporate governance matters in Panama. The team is also active assisting clients with the drafting of commercial contracts, such as service and shareholder agreements.
3

Band 3

  1. FABREGA MOLINO
    3
    FABREGA MOLINO
    Corporate/M&A
    2025 | Band 3 | 17 Years Ranked
    FABREGA MOLINO's admired advisory and transactional corporate team is noted in the market for its participation representing clients from the food and beverage and healthcare sectors. The department frequently provides counsel on asset and share purchase agreements and related due diligence, as well as joint ventures. The firm is also retained by clients to advise on corporate governance issues in Panama.
  2. Patton Moreno & Asvat (PANAMA)
    3
    Patton Moreno & Asvat (PANAMA)
    Corporate/M&A
    2025 | Band 3 | 11 Years Ranked
    Patton Moreno & Asvat (PANAMA)'s solid corporate practice group services a diverse client portfolio spanning the insurance, telecommunications and fashion spheres, along with construction and real estate. The team regularly assists with the separation of corporate entities and operations, as well as cross-border M&A deals. The department is also well placed to advise on the management of trusts and private interest foundations.
  3. Anzola Robles & Asociados
    Corporate/M&A
    2025 | Band 3