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Patton, Moreno & Asvat top tier law firm 2021

Delighted to be ranked once again in the Top Tier in Legal 500 Latin America for Shipping and Leading Firm for Offshore, Corporate and M&A, Dispute Resolution, Banking and Finance.


The only Panamanian firm to have an office in London, Patton, Moreno & Asvat is able to assist a wide range of international clients, particularly financial institutions and shipping companies, from across South America, the US, Europe and Asia. The team has extensive expertise in ship financing and naval mortgages, and in corporate matters for companies involved in maritime-related transactions in Panama. María Teresa Díaz and Belisario Porras lead the department; both are highly experienced in ship registry and financing and ship mortgages. Porras also has niche expertise in advising maritime financial entities in Greece. The firm also has an active maritime litigation practice, in which Khatiya Asvat and senior associate Joaquín de Obarrio are the key contacts. London-based Enrique Sibauste is also noted.

· María Teresa Díaz

· Belisario Porras


With offices in the UK, Uruguay, Belize, the BVI and the Bahamas, Patton, Moreno & Asvat is well positioned to advise international high-net-worth clients on wealth management, including asset protection and the establishment of trusts. The Panama office is particularly experienced in private client matters, including estate planning and tax and residency issues. It also advises on corporate structuring. The team includes managing partner Ebrahim Asvat, who has extensive tax experience; corporate and finance specialist María de Lourdes Marengo; and Gilberto Arosemena, who leads the international corporate services department and also has expertise in private client matters.

Next Generation Partner

· Gilberto Arosemena


Patton, Moreno & Asvat is noted for its expertise in the aviation and shipping sectors, where it maintains a focus on aircraft and vessel financing. It also has experience advising national and international banks and financial institutions on regulatory compliance. The team includes managing partner Ebrahim Asvat, María de Lourdes Marengo, who has particular strength in aviation finance, and Nadya Price.

The maritime and aviation sectors are key areas of expertise for Patton, Moreno & Asvat, which advises on M&A, reorganisations, joint ventures and regulatory issues. It also assists with foreign investments and the operation of special economic regimes. María de Lourdes Marengo, who specialises in aviation law, leads the team; Khatiya Asvat and Nadya Price are also noted.

Patton, Moreno & Asvat specialises in maritime litigation, but has expanded its practice to act on civil, commercial, administrative, constitutional and criminal matters. The internationally focused firm has particular experience in cross-border litigation and international arbitration. Khatiya Asvat heads the team, which also includes senior associates Joaquín de Obarrio, who specialises in shipping disputes, and Maximiliano Quintero, who handles civil, commercial and administrative litigation.

Practice head:

Khatiya Asvat


‘They work well as a team. They solve problems quickly and are knowledgeable, so we are sure we are getting the best responses and advice.’

‘Joaquin de Obarrio stands out for his efficiency, knowledge of the subject, speed and availability.’

More information: Legal500


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