Alemán,_Cordero,_Galindo_&_Lee
Alemán, Cordero, Galindo & Lee
Panama law firm
Alemán, Cordero, Galindo & Lee (commonly known by its abbreviation Alcogal) is a law firm based in Panama. Founded in 1985, the firm represents several multinational companies that operate in Panama and was chosen as the Central American law firm of the year by Chambers Global in 2007 as well as in 2013.[1] Jaime Alemán Healy is the managing partner and founder. The firm has offices in several countries aside from Panama, including in tax havens such as The Bahamas, Belize, the British Virgin Islands, Cyprus, Hong Kong, Singapore, the Seychelles, and Switzerland. Other office locations include New Zealand, the United Arab Emirates, and Uruguay. The firm is affiliated with the international Meritas network.
The firm was named as one of the largest sources of leaked documents in the Pandora Papers scandal.[2][3][4]
In 2021, Alcogal was found to have founded around 200 letterbox companies in Panama and other countries for Banca Privada d'Andorra, a little-known private bank in Andorra, several of which were later used to transfer funds associated with political corruption to Venezuela. In 2015, when United States authorities accused the managers of the Andorran bank of accepting exorbitant commissions to help customers launder $4.2 billion, Alcogal withdrew. The private bank's clients included former high-ranking officials of Venezuela's state-owned oil company Petróleos de Venezuela. Some of the Venezuelans involved in the scandal were also themselves clients of Alcogal, for whom the firm had set up offshore companies. Alcogal quickly resigned from their position as the legal representative of these companies.[3]