Press Releases

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) ...

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 ...

Morgan & Morgan served as legal advisors of the shareholders of Clínica Hospital de David, S.A. (“CHDD”) in the sale of a 55% stake in CHDD to Grupesal Panama, Inc. CHDD is the parent company Centro Médico Mae Lewis, a hospital in Chiriqui, Panama.Morgan & Morgan also advised CHDD in the merger with Grupesal SPV, S.A., which was required for closing the transaction with Grupesal Panama, Inc ...

This article is intended to inform about the advantage of using a “Reserve Director” in the jurisdictions of the British Virgin Islands (BVI) and Belize.As is known, these jurisdictions allow a single director and shareholder to be maintained and both roles can be executed by the same natural person ...

For the ninth consecutive year Morgan & Morgan has been designated a "Band 1" Law Firm in Panama in the Private Wealth Law section of Chambers High Net Worth Guide 2024, a publication aimed at the international private wealth market and estate planning and a key reference point of the world´s leading firms in terms of service excellence and reputation ...

Morgan & Morgan served as legal advisors of Biocorp Holding, S.A. in a sequence of transactions culminating in the complete sale of Pharma Consulting Group, S.A. (“PCG”) to Swixx BioPharma AG. PCG is the parent company of Laboratorios Biopas, a prominent pharmaceutical company in Latin America, dedicated to the licensing, promotion, and distribution of specialized and innovative pharmaceutical products, operating in 20 countries ...

Morgan & Morgan advised Corporación Interamericana Para El Financiamiento de Infraestructura, S.A. (“CIFI”), as issuer, in the issuance and sale of green bonds through the Latin American Stock Exchange (“Latinex”) for an amount of US$10,000,000, which is the first issuance ever of a security of a private company carried out through the iLink (International Link) platform of Central Latinoamericana de Valores, S.A ...

Morgan & Morgan has advised Platinum Brands, S.A. (“PBSA”) on the acquisition of assets related to the operation of the Kentucky Fried Chicken (KFC) and Dairy Queen franchises in the Republic of Panama, previously owned by Franquicias Panameñas, S.A. (“FPSA”). As part of this transaction, PBSA has assumed the operation of over 70 fast-food restaurants, as well as the entire payroll associated with these establishments ...

Morgan & Morgan acted as local legal counsel to Carbon Streaming Corporation and Rubicon Capital LLC in relation to a Carbon Credit Stream Agreement by and between Azuero Reforestación Colectiva, S.A. (“ARC”), as Seller, and Microsoft Corporation, Rubicon Carbon Capital LLC, and Carbon Streaming Corporation, as Buyers.ARC is a wholly owned subsidiary of project developer Ponterra Ltd ...

Morgan & Morgan Legal acted as legal counsel to Grupo Estrella in relation to an acquisition finance whereby through a newly incorporated Panamanian special purpose vehicle and a United Kingdom special purpose vehicle they obtained financing from a syndicated term loan granted by certain local banks to then acquire 15% of a natural gas-based plant (381MW) and a liquified gas (GNL) terminal of a local infrastructure project related to the energy sector ...

Morgan & Morgan Legal acted as Panamanian legal counsel to Cirsa Finance International S.à.r.l. (the “Issuer”), in connection with the offering (the “Offering”) pursuant to the final offering memorandum dated January 30, 2024 (the "Offering Memorandum") of €650,000,000 aggregate principal amount of Senior Secured Notes consisting of €450,000,000 6 ...

Morgan & Morgan Legal advised Sojitz Corporation in the acquisition of the shares of Silaba Motors (also known as "Grupo Sílaba"), a major automobile distributor operating in the Republic of Panama representing brands such as KIA, MAZDA, OMODA, JAECOO, KARRY, and NIU. As part of the transaction, Sojitz also acquired Grupo Sílaba's subsidiaries, as well as a significant set of strategically located properties across the Republic of Panama ...

With more than 20 years of an emblematic trajectory, FUNDAMORGAN has inaugurated its new offices in Marbella, Panama City. The new location intends to offer more comprehensive, accessible, and dignified attention to the people who participate in and benefit from its programs ...

Morgan & Morgan Legal acted as the Panamanian legal advisor for Mercandú, a startup based in El Salvador that operates the largest marketplace in the Central American region, offering over 500,000 products, in a capital raising round ...

Morgan & Morgan Legal advised Rhenus, a leading global logistics specialist, in connection with the acquisition of certain Panamanian subsidiaries of BLU Logistics, a leading Latin American freight forwarder present in Argentina, Colombia, Ecuador, Mexico, Paraguay, and Uruguay, as well as in Mainland China and Hong Kong ...

Morgan & Morgan Legal advised Orla Mining Ltd. (“Orla”), as borrower and Minera Cerro Quema, S.A., as guarantor (“MCQ”) with respect to a refinancing of an existing secured credit facility, increasing the facility from US$150 million to US$200 million and extending the term. The Refinancing includes a term facility and a revolving facility through a syndicate of lenders composed of The Bank of Nova Scotia, Bank of Montreal, and Canadian Imperial Bank of Commerce ...

Once again, Morgan & Morgan consolidates its position as the leading law firm in Panama in Chambers Latin America Guide 2024, the key reference point of Latin American top law firms. The firm achieved 22 top individual rankings in 7 practice areas, the highest number for a Panamanian law firm. The 18 recommended attorneys are: • Allen Candanedo: Intellectual Property. • Ana Carolina Castillo Solis: Projects and Energy. • Francisco Arias G ...

Morgan & Morgan Legal acted as Panamanian legal counsel to Cirsa Finance International S.à.r.l. (the “Issuer”), in connection with the offering (the “Offering”) pursuant to the final offering memorandum dated July 5, 2023 (the "Offering Memorandum") of €700,000,000 aggregate principal amount of Senior Secured Notes consisting of €375,000,000 7 ...

Morgan & Morgan Legal represented (i) ARTCAP LAC PRIVATE CREDIT SERVICES S.A., an affiliate of ArtCap Strategies, a Cayman-based investment group specializing in structuring custom solutions for clients in Latin America and the Caribbean (“ArtCap”), as administrative agent and co-arranger (together with Apollo Global Funding LLC); and (ii) Banistmo Investment Corporation S.A., as trustee, in relation to a 10-year US$90,000,000 senior secured loan granted to Banesco (Panamá), S.A ...

For the eight consecutive year Morgan & Morgan have been designated a "Band 1" Law Firm in Panama in the Private Wealth Law section of Chambers Hight Net Worth Guide 2023, a publication aimed at the international private wealth market and a key reference point of the world´s leading firms in terms of service excellence and reputation ...

Morgan & Morgan Legal advised First Quantum Minerals Ltd. (“FQM”) in the offering and issuance of its $1,300,000,000 aggregate principal amount of 8.625% senior notes due 2031 (the “Notes”). The issuance of the Notes is of great importance to FQM, as it represented a financing condition for FQM to partially redeem its outstanding 7.5000% Senior Notes due 2025. Partners Inocencio Galindo and Aristides Anguizola participated in this transaction ...

Morgan & Morgan Legal represented Greenwood Energy Central America Corp. (“Greenwood”), in the financing for the development, construction and commissioning of a power generation plant of up to 40 MWp, made up of four (4) photovoltaic solar plants, located in David, Chiriquí, for the sale of renewable energy to the University of Panama (the “Project”). The financing, which was granted by Global Bank Corporation, amounts up to US$30,000,000 ...

Morgan & Morgan Legal provided legal counsel to Inversiones Inmobiliarias Casas Grandes, S.A ...

Morgan & Morgan Legal represented MMG Global Allocation Fund, Inc ...

In 2023, Morgan & Morgan celebrates its first centennial of successful trajectory and commitment with its clients, professional staff, and community —100 years of providing comprehensive legal services and leading the legal sector in Panama. A history that began in 1923 when founder Mr. Eduardo Morgan Alvarez (1902-1988) started practicing law. A legacy continued by his sons, Eduardo Morgan Jr. (1937-2021) and Juan David Morgan G ...