Rafael Amar
Associate
Rafael Amar is an associate at Alcogal whose practice focuses on banking and finance, capital markets, and mergers and acquisitions. He has been involved in several of the firm’s most relevant and complex transactions, advising international banks, multilateral organizations, and leading Panamanian business groups on a wide range of financings, securities offerings, and cross-border acquisitions.
He has developed strong experience assisting clients in structuring and executing sophisticated financial transactions, combining technical knowledge with a practical, solutions-oriented approach. His work spans diverse industries and transaction types, positioning him as a key contributor to the firm’s corporate and financial practice.
Rafael has been recognized by The Legal 500 as a Leading Associate in corporate and M&A, where he is described as a lawyer with strong upward trajectory and a rising talent within the Panamanian legal market. His career reflects an innovative and results-driven mindset, allowing him to quickly advance within the firm and earn the trust of both clients and colleagues.
He has been admitted to practice law in the Republic of Panama since 2019. Rafael holds a Law and Political Science degree, cum laude, from Universidad Santa María la Antigua, and an LL.M. from Duke University School of Law, where he also obtained a Certificate in Business Law.
Personal Achievements
Accolades
Focus Areas
- Banking and Finance
- Capital Markets
- Mergers and Acquisitions
Practice Areas
Practice Areas
Experience
Education
Languages
- Spanish
- English
Bar Admission
- 2019, Panama
Memberships
Representative Transactions
Alcogal actuó como asesor local panameño de Alicorp en la adquisición del negocio de Untables de Flora Food Group, como parte de una transacción multijurisdiccional en América Latina y el...
BankingAlcogal advises The Bank of Nova Scotia in a strategic transaction that is reshaping regional banking.We are proud to announce that we have supported our client, The Bank of Nova Scotia, in the successful closing of the integration of its operations in Colombia, Costa Rica,...
Capital MarketsAlcogal advises BofA Securities and J.P. Morgan in Mobiliare LatAm’s landmark USD 500 million international issuanceAlcogal advised BofA Securities and J.P. Morgan in Mobiliare LatAm's inaugural USD 500 million senior bond issuance due 2032, issued under Rule 144A/Reg S — the largest issuance by a...
Alcogal had the pleasure of acting as legal advisor to CPKC and Lanco Group/Mi-Jack in the sale of Panama Canal Railway Company to APM Terminals. Since the beginning of the...
FinanceWe advised Grupo Nutresa.Alcogal advised on the structuring of financing for Grupo Nutresa in Colombia, a transaction valued at USD 2 billion. Grupo Nutresa is one of the leading food conglomerates in Latin...
BankingWe acted as legal counsel for The Bank of Nova Scotia.We acted as legal counsel for The Bank of Nova Scotia in the recent transaction involving the transfer of its banking operations in Colombia, Costa Rica, and Panama to Banco...
Under the leadership of Rita de la Guardia and with the support of associates Rafael Amar and Lilah Levin, Alemán, Cordero, Galindo & Lee (Alcogal) advised BAC International Bank Inc....
Capital MarketsWe represented Banistmo, S.A.Banistmo, S.A. acted as structurer and underwriter in the registration of a Corporate Bond Revolving Program for Supermercados Xtra, S.A. with the Superintendency of the Securities Market of Panama, for...
Capital MarketsAlcogal advised Grupo Bancolombia and a bank syndicate"Alcogal served as legal advisor to a bank syndicate in the historic acquisition of Grupo Éxito by Grupo Calleja. Our firm played an essential role providing expertise and specialized advisory...
Alcogal advised AES Colón Holdings, a subsidiary of AES Corporation, in the sale of a 20% stake in the AES Colón project to Grupo Linda, for USD 190 million. The...
Capital MarketsAlcogal advised Multibank, Inc. with the registration of subordinated corporate bonds"Alemán, Cordero, Galindo & Lee (Alcogal) advised Multibank, Inc. with the registration of subordinated corporate bonds for USD100 M. Alemán, Cordero, Galindo & Lee (Alcogal) represented Multibank, Inc. (the “Issuer”) (i) with...
FinanceAlcogal advised Phoenix Tower InternationalAlemán, Cordero, Galindo & Lee (Alcogal) advised its long-term client Phoenix Tower International in combining, amending, and restating five senior secured credit facilities to consolidate into one USD2B senior secured...
Alemán, Cordero, Galindo & Lee (Alcogal) advised Banco General, S.A., as arranger, in connection with (i) the registration of the common shares of Supermercados Xtra, S.A. with the Superintendence of...
Capital MarketsAlcogal advised Banco General, S.A., as arranger, in connection with the registration of the common shares of Supermercados Xtra, S.A.Alcogal advised Banco General, S.A., as arranger, in connection with (i) the registration of the common shares of Supermercados Xtra, S.A. with the Superintendence of Capital Markets (SCM) and their...
Corporate and M&AAlcogal advised Grupo APC in the majority sale of its subsidiary APC BuróAlcogal advised Grupo APC, S.A. in the sale of a majority stake in its subsidiary APC Buró, S.A., to Experian Latam Holdings Unlimited, a member of the Experian group. APC...