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Arias Fábrega & Fábrega

With an impressive number of listings over nine practice areas, Arias Fábrega & Fábrega displays its status as one of Panama’s foremost law firms. It offers services to large Central American and multinational financial institutions and companies, including Banco Centroamericano de Integración Económica, Banco General and Bancolombia, as well as multinational investment banks JPMorgan Chase, Deutsche Bank and Citibank. The firm particularly stands out for its “market-leading” corporate, finance and transport practices, with peers and clients regularly commenting on the experience, knowledge and dedication of its lawyers.


The firm is one of the leading players in banking and capital markets in Panama, particularly for cutting-edge financial structures, securitisations, and domestic IPOs. The firm boasts a raft of highly rated corporate and finance practitioners. Ricardo Arango ranks highly and takes a lead on many of the firm’s biggest matters, including acting in the merger between Banco General and Banco Continental, which resulted in the creation of Panama’s largest bank. Estif Aparicio is listed in our corporate tax, finance and natural resources chapters, and is considered a “leading transactional lawyer”. His engagements include advising Credit Suisse Securities and Morgan Stanley as underwriters of a US$1 billion public offering by the Republic of Panama. Cecilio Castillero Jr is also noted for his finance practice, with a prominent and distinguished role in the firm’s big-ticket mandates.

The firm’s shipping practice is of note with two leading lawyers. Roy Durling Jr is regarded as “a top-tier shipping practitioner”. Notable transactions include advising Prestige Cruises International in its $3.025 billion acquisition by Norwegian Cruise Line Holdings. Gian Castillero Guiraud is also highly regarded for his maritime practice.

Senior partner Octavio Amat is said to be “at the forefront of dispute resolution”, and is recommended for his “well-considered” approach and “international outlook”. He is co-head of the firm’s litigation and arbitration practice group, alongside Fernando Arias, who is regarded as a “first-rate” disputes lawyer.

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W11 1QQ, UK