Due Diligence · Panama · M&A

Panama Due Diligence —
Protect Your Investment
Before Closing

Comprehensive Panama legal due diligence — corporate, tax, regulatory and litigation review — before your acquisition closes.

Why Góndola & Góndola
  • Corporate and good standing review
  • Tax position and contingency analysis
  • Transfer pricing compliance check
  • Regulatory license verification
  • Litigation and contingent liability review
  • Environmental and real estate title check
Our Expertise

Why Góndola & Góndola

Legal due diligence is the most critical phase of any M&A transaction in Panama. Issues discovered after closing are the buyer's problem.

We conduct systematic, comprehensive legal review of all material aspects of the target — and deliver a clear risk report with recommended protections.

Ex-DGI Official

Deep insight into Panama's tax authority processes.

Cornell University MPA

Master in Public Administration — law, economics and policy.

Direct partner access

You always deal directly with the attorney handling your case.

Panama Bar No. 17,005

Licensed attorney in the Republic of Panama.

DD
Due Diligence
4
Weeks Typical
100%
Coverage
Risk
Report

"Due diligence is not a checkbox exercise. It's the structured investigation that tells you exactly what you're buying — and what's hiding in the footnotes."

— Lic. José Manuel Góndola Escudero · Idoneidad No. 17,005
Services

What we provide.

Corporate Review

Corporate existence, ownership chain, good standing, capitalization and governance documents.

Tax Due Diligence

DGI compliance, outstanding assessments, transfer pricing obligations and tax contingencies.

Regulatory Review

License validity, regulatory compliance status and pending enforcement actions.

Contracts Review

Material contracts, change of control provisions, IP assignments and exclusivity arrangements.

Litigation Review

Pending and threatened litigation, arbitration, regulatory investigations and potential claims.

Real Estate and Assets

Title verification, encumbrances, environmental permits and asset condition review.

Process

How we work.

01

Scope Definition

We define the DD scope with the buyer based on deal structure, size and risk profile.

02

Document Review

Systematic review of all materials in the data room or provided by target.

03

Findings Report

Clear risk report identifying key issues, deal risks and recommended protections.

04

SPA Protections

Translating DD findings into SPA representations, warranties and indemnities.

Cases

Matters we handle.

Acquisition of Panama trading company

Comprehensive DD revealing undisclosed DGI assessment — renegotiated purchase price before closing.

Tax Risk Discovery

Purchase of regulated financial entity

DD identifying regulatory compliance gaps requiring SBP notification and remediation plan.

Regulatory DD

Real estate holding company acquisition

Title review revealing unregistered encumbrances — resolved as condition to closing.

Real Estate DD
FAQ

Questions answered.

How long does DD take?

Typically 2–4 weeks for a mid-size target with organized documents. Complex targets take longer.

What do you deliver?

A comprehensive written due diligence report identifying all material legal risks, with recommendations for SPA protections and deal structure adjustments.

Can DD be done remotely?

Yes. We work with virtual data rooms and electronic document review. Physical site visits are arranged for real estate and regulatory matters when needed.

What if you find serious issues?

We identify the issue, assess its materiality, recommend SPA protections and advise whether it warrants price renegotiation or deal restructuring.

Do you coordinate with financial and tax advisors?

Yes. We coordinate our legal DD with the buyer's financial and tax advisors to provide a fully integrated risk picture.

Get in Touch

Request your
Panama due diligence.

Confidential consultation. We assess your transaction and scope the due diligence.

Office

Torre Banesco, P19 · Panamá