PANAMA Law and Practice Contributed by: María Teresa Diaz, Nadya Price and Joaquín De Obarrio, Patton Moreno & Asvat
Patton Moreno & Asvat is a leading Panama - nian law firm with a strategic presence in Lon - don, and boasts over 43 years of experience. This tenure not only signifies a wealth of knowl - edge but also facilitates prompt legal services across various time zones. The firm’s shipping department excels in maritime financing and naval mortgages, offering swift resolutions and efficient transaction closures. Serving a global clientele, including ship-owners, charterers, shipyards, port and terminal owners, insurance entities, international banks, financial institu -
tions, private equity investors and consortiums, Patton Moreno & Asvat is renowned for its un - paralleled legal advice and representation in the maritime sector. The firm’s lawyers are not only experienced but are deeply integrated into the industry, actively engaging with key maritime associations such as the Panamanian Maritime Law Association (APADEMAR). Their involve - ment in these associations underscores their commitment to the maritime sector’s ongoing development.
Authors
María Teresa Diaz is a seasoned lawyer with over 30 years’ experience, and advises major shipping companies and maritime financial entities (and other players in the maritime
Nadya Price has more than 15 years’ experience of providing legal advice in a wide range of practice areas, and currently focuses on corporate and financial law, including M&A, the
industry) on all aspects of Panamanian laws related to the purchase and sale of vessels, the granting and registration of ship mortgages, insolvency and reorganisation of ship-owners, and acquisitions of loan portfolios guaranteed by Panamanian ship mortgages. She was one of the drafters of the Panamanian General Merchant Marine Law, the legal framework for the Panamanian Ships Register. Currently, she is a member of the Panamanian Bar Association (director from 2005–07), the Panamanian Maritime Law Association (secretary from 1993–94) and the Women’s International Shipping and Trading Association (WISTA) – Panama Chapter.
establishment and implementation of joint ventures, strategic alliances and project finance. For nine years, Nadya headed Patton Moreno & Asvat’s London office, where she handled ship financing, ship registration and corporate matters. Since her return to Panama, in addition to assisting ship-owners in corporate matters, she continues to advise international banks on maritime financing. She is a member of the Panamanian Bar Association, the Panamanian Maritime Law Association and the Women’s International Shipping and Trading Association (WISTA) – Panama Chapter.
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