Icaza, González-Ruiz & Alemán

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Icaza, González-Ruiz & Alemán‘s expertise in project finance makes it a popular choice to advise leading domestic and international banks on high-profile infrastructure developments; its recent work highlights include advising on the financing of the expansion of the Panama City metro, and it has also been highly active in transactions relating to healthcare facilities and road construction. The experienced leadership group is made up of Gabriel González-Ruiz, a standout name for advising international consortiums on project finance; Luis Chalhoub, who has a broad banking and finance practice that notably includes advising on factoring transactions; and Michelle O de de la Guardia. Alfredo Fonseca, who was elevated to the partnership in June 2023, is also a key contact for project finance in the energy and infrastructure sectors.

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Key clients

  • Banco Nacional de Panamá
  • Banco Internacional de Costa Rica (BICSA)
  • Caja de Ahorros
  • Ministry of Economy and Finance of Panama
  • Global Bank Corporation
  • Factor Global
  • BHD International Bank
  • Scotiabank
  • Atlas Bank
  • Banistmo
  • Davivienda

Work highlights

  • Advised Caja de Ahorros and Banco Nacional de Panamá on granting a revolving credit facility to finance the construction and equipment of the City of Health Hospital in Panama City.
  • Advised BICSA Factoring, a subsidiary of Banco Internacional de Costa Rica, in connection with the granting of a revolving credit facility to finance the construction of the Manuel Amador Guerrero Hospital in Colón, Panama.
  • Advised Global Bank Corporation in connection with the financing of a $23m road infrastructure project for the construction of a vehicular bridge over the Bayano River in the port of Coquira.

Lawyers

Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Gabriel González-Ruiz
Public Procurement and Privatizations, Administrative Law, Commercial Law, Tax Law, Banking Law, Mergers & Acquisitions, Project Finance
Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
Alfredo Fonseca

Practice head

The lawyer(s) leading their teams.

Gabriel González-Ruiz, Michelle O. de de la Guardia, Luis Chalhoub