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Panama’s New Economic Substance Law
08/06/2026Regional Financial Milestone: Generadora Gatún

Transaction
In a US$1,050 million transaction related to Generadora Gatún, Icaza, González-Ruiz & Alemán served as legal advisor to the outgoing creditors and the collateral agent. Its involvement helped ensure an orderly transition in one of the region’s most significant financial transactions.
Given its scale and impact, the transaction represents a major milestone for the regional financial market, underscoring the complexity and significance of this type of deal.de la región.
Our Team
The legal advisory team was led by Alfredo Fonseca Z., partner at the firm, with support from Alexandra Lasso M., associate, both members of the Banking & Finance team. Their expertise and knowledge of complex financial transactions were key to the successful development and closing of this deal.
With this transaction, the firm strengthens its track record in advising on complex financial deals, delivering strategic legal solutions in some of the region’s most significant transactions.









