Panama City

+507 205 7000

Market leader


Bar admissions:

New York



Practice areas:

Capital markets

Estif Aparicio joined the firm in 2000 and became a partner in 2011. 

Mr. Aparicio is a skilled corporate lawyer, currently specializing in complex financing of private and public major construction and infrastructure projects, with a focus on energy, public transportation, airports, ports, health and other social infrastructure.  

Mr. Aparicio has outstanding deal management and broad expertise setting up a variety of financial structures, having represented creditors in the biggest and perhaps most complex transactions in Panama in recent years, including the expansion of the Tocumen International Airport; the first and second line of the Panama City Metro; Cinta Costera phases I, II and III; and Metro Bus, Panama City new public transportation system. 

He possess a unique insight to the power generation industry and the Panamanian government “green energy” policy favoring wind, solar, gas, and hydroelectric generation, having represented the lenders that have provided financing to close 35% of the total generation capacity of the country. 

From 2004 to 2006, he served as Chief Trade Negotiator of all bilateral and multilateral free trade agreements of the Republic of Panama.

From 2006 to 2007, Mr. Aparicio worked for the law firm of Sullivan & Cromwell LLP in New York, participating in capital markets, M&A and project finance transactions.

  • Master of Laws, cum laude, University of Houston Law Center (1996), Fulbright Scholar 
  • Bachelor of Laws (Licenciatura en Derecho y Ciencias Políticas), sigma lambda, Panama University (1994)

  • Secretary of the IBA Latin American Regional Forum Committee (2017–2018)

  • Panama 
  • New York

  • Antitrust, Trade and Competition
  • Banking and Finance
  • Mergers, Acquisitions and Joint-Ventures
  • Securities Regulation
  • Taxation