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What our clients say about our Banking & Finance team. “The team stands out for its technical excellence, availability 24/7, and ability to advise on various matters required for financial institutions.” – @Legal 500

In Panama, it is not possible to use a “security interest” as a generic and general guarantee. Panamanian law recognizes personal guarantees and real guarantees. The most common real guarantees (in rem) are the pledge, mortgages and antichresis.  Regarding pledge and mortgage there are some aspects which are very similar and do not pose a

“It is an extraordinary team, whose advice gives you a lot of confidence. I think that they have a broad commercial perspective and try to adapt legal solutions to the reality of the client’s business and to the negotiations between the parties.” – Legal 500

A pledge is a type of real guarantee which may be given over all kinds of movable assets. A pledge has to be constituted with the same formality as the agreement setting out the obligations it guarantees. However, it is essential that the pledge asset is delivered to the creditor or a third party as

Regarding Withholding Tax, it is important to take into consideration that payment of interest, commissions and other charges made to local lenders will not be subject to withholding tax but may be subject to income tax and other taxes and should be included in their tax returns. Payment of interest, commissions and other charges made

Impact of Regulatory Environment and Economic Cycles January 7, 2022. Fortunately, prior to the COVID-19 outbreak Panama had mostly avoided the recent economic down-cycles in Latin America and beyond. From 2001 through 2013, Panama’s economy grew at an average of 7.2% per year. However, in recent years this dropped to 4.9% in 2016, rising to

What our clients say about our Corporate / M&A team: “The firm offers a comprehensive range of services. They are very reliable, and the advice they have given us has been very effective and efficient. If they don’t know the answer, they investigate it. They are a bilingual team and we are an international firm,

Alemán, Cordero, Galindo & Lee (Alcogal) is delighted to announce the incorporation of three experienced associates to our group of partners: Patricia Cordero, Rita de la Guardia, and Rafael Marquínez. The new partners have extensive experience in the firm, mainly in the areas of banking, corporate, capital markets, and merges and acquisitions. Undoubtedly, these are

Comments provided to Legal 500 by our clients about our Corporate / M&A team: “The Alcogal team sets itself apart from the competition through the efficiency of its service and the depth and quality of the knowledge of its lawyers. When working with Alcogal, clients have the peace of mind of knowing that they are

In recognition of the exceptional caliber of the firm’s work, Who’s Who Legal recognized Alcogal as “Panama Firm of the Year” at its 2021 Who’s Who Legal Awards.  Once again, we thank our clients and peers for this important achievement. Each year Who’s Who Legal presents awards to the individuals and firms in over 75