Managing Partner

Panama City

+507 269 2620

Market leader


Bar admissions:




Practice areas:

Capital markets
Project finance

Industry sectors:

Social infrastructure

Financial and corporate 2016

"Arturo is a reference in the legal banking industry in Panama, with a profound knowledge of the banking and securities industry. He is very committed, extremely reliable, and in my opinion probably the best lawyer in Panama for banking related matters."

Financial and corporate 2015

"Mr Gerbaud has been our key lawyer for more than 15 years. Very knowledgeable, diligent and very sensitive to timing with regards to complex transactions."

"Arturo Gerbaud's services are very professional, practical and well supported by a full knowledge of the law and the judiciary precedents. Mr Gerbaud's support is always on time and cost efficient."

Arturo Gerbaud joined Alemán, Cordero, Galindo & Lee as an associate in 1990 becoming partner in 1992. He heads the firm’s Banking & Finance and Capital Markets groups. Mr. Gerbaud’s vast experience includes leading local and international financial institutions, such as Citibank, N.A., The Bank of Nova Scotia, HSBC, Banco General, S.A., BBVA, among others, and has been involved in Panama’s largest and most complex financial transactions. Mr. Gerbaud has been recognized by Chambers & Partners, by Legal 500, and by IFLR1000 as a leading lawyer.

• Assisted Banco General, S. A. in the structuring, documentation and execution of the Syndicated Loan to Costa Del Este Town Center Group, S.A. for US$165m;

• Acted as Panamanian counsel to BNP Paribas as Lender to Canacol Energy Limited in a US$200 million Term Loan Credit Agreement;

• Acted as local counsel to Grupo Financiero Ficohsa to obtain the regulatory approval from the Superintendence of Banks of Panama, for the acquisition of Banco Citibank de Nicaragua, S.A. and Citi tarjetas de Nicaragua, S.A., an operation of US$255m in assets.

  • Banking and Finance
  • Capital Markets
  • Corporate and M&A
  • Energy and Infrastructure
  • Project Finance

  • Banking
  • Energy
  • Financial services
  • Social infrastructure

  • Presidential High Level Commission for the Modernization of the Capital Markets
  • Drafter, Securities Law of Panama
  • Director, Superintendency of Banks of Panama
  • Director and President, Central Latinoamericana de Valores, S.A.
  • Director and President, Latinex Holdings, Inc.
  • Director and President, Bolsa de Valores de Panamá, S.A.
  • Panama Bar Association
  • Director, Soluciones de Microfinanzas S.A. (Microserfín)

  • Master of Laws (LL.M), Duke University, Durham, North Carolina (1987)
  • Bachelor of Law and Political Sciences, Universidad Santa Maria la Antigua, Panama City, Panama (1986)