Morgan & Morgan

There are more than 35 compliance companies duly registered and regulated by the Panamanian Superintendence of Non-Financial Regulated Subjects. To help eradicate from our country the crimes of corruption, tax evasion and money laundering, to improve our international image as a financial center and to get out of the grey listings of the EU and OECD, among other reasons, a new industry has been formed, generating qualified and highly specialized jobs: the regulated compliance companies. Panama is one of the few countries in the world that strictly regulate these types of companies that play a vital role in avoiding the aforementioned crimes and help create a culture of compliance...

The need to find mitigation mechanisms against climate change increases as time passes. In this context, Panamanian legislation is directly influenced by international instruments whose main objective is to combat the effects of climate change and assume commitments to reduce greenhouse gases ("GHGs") emissions; within which is the Kyoto Protocol to the United Nations Framework Convention on Climate Change, adopted by Panama through Law 88 of November 30, 1998; the United Nations Framework Convention on Climate Change through Law 10 of April 12, 1995; the Paris Agreement through Law 40 of September 12, 2016, and, the Doha Amendment to the Kyoto Protocol through Law 38 of June 3, 2015...

Panama, November 1, 2024.  For its initiative called “IDEA Committee, promoting diversity, inclusion and human rights,” Morgan & Morgan received the highest distinction in the Governance category of the “Sustainable Leadership Recognition 2024”, organized by the American Chamber of Commerce and Industries of Panama (AmCham).The AmCham Sustainable Leadership Award seeks to promote, encourage, and share inspiring social responsibility projects in the country, align them with international standards such as ISO 26000 and the Sustainable Development Goals (SDGs), and in essence, contribute to a sustainable economic development of Panama...

Morgan & Morgan served as legal advisors of MMG Trust, S.A., in the acquisition of Mercantil Trust & Finance, Inc., a trust company and subsidiary of Mercantil Banco, S.A.Morgan & Morgan conducted a due diligence of the target entity, negotiated, signed, and closed the share purchase agreement and procured the regulatory change of control approval from the Superintendence of Banks of Panama.Partner Aristides Anguizola, senior associate Alejandro Vásquez, and associate Miguel Amado, participated in this transaction...