In its 100 years of existence, ICAZA, GONZALEZ-RUIZ & ALEMAN has accumulated invaluable experience that directly benefits its international and local clients. We have a team of lawyers of recognized prestige in the banking field, who are able to assist our clients in all aspects of this complex business.
Our team of lawyers is able to provide legal assistance in the following:
- Advice and procedures for obtaining any type of banking license.
- Advice on the structuring and incorporation of the type of legal entity required to operate in the banking business.
- Consultancy in all legal regulatory and compliance matters.
- Consultancy in all types of banking, stock exchange, trusts, leasing, factoring, and other contracts.
- Advice in the structuring and issuance of securities.
- Attention to all types of conflicts with clients or with the banking regulator.
- Organization and provision of internal training sessions.
Among our clients we have local and international commercial and investment banks, multilateral organizations, government agencies, investment houses, accounting firms, insurance companies, fund managers, corporations and trusts.
Since the year 1970, the banking activity has been developing in Panama, as one of the fundamental pillars of its service economy, thanks to various factors among which we may mention: 100 years of a dollarized economy, the free flow of capitals, excellent connectivity and accessibility in terms of communications, compliance with the highest international regulatory standards, and the economic and political stability that has been strengthened in the last 25 years.
Presently, around 97 banks operate in Panama, from which 52 operate with a general license and the rest only execute international transactions. Although banks from all around the world have established in Panama, the majority come from Latin America, Europe and the United States. The origin and destination of the funds managed by the banks are distributed in almost equal proportions between Panama and abroad (mainly South America, Central America and the Caribbean).
Alfredo Fonseca Zauner
Michelle O. de de la Guardia