Press Releases

Panama, August 25, 2018. With the topic "Panamanian Fiscal Regulatory Framework in International Securitization", Mr. Francisco Arias G., partner in charge of the Securities and Capital Markets practice group of Morgan & Morgan, participated as a speaker in the conference Latest Trends in Asset Securitization: Applications to the Panamanian Market. The event was organized by Flex Funds, a firm specializing in vehicles for worldwide investment ...

Morgan & Morgan acted as counsel to Cirsa Gaming Corporation, S.A. (Cirsa) in connection with the offering of �663,000,000 6.250% senior secured notes due 2023, �425,000,000 floating rate senior secured notes due 2023, U.S. $550,000,000 7.875% senior secured notes due 2023, issued by LHMC Finco S.a.r.l. (Issuer), and to be guaranteed by the Issuer and, among others, Gaming & Services de Panama, S.A ...

For the second consecutive year, Ms. Kharla Aizpurua Olmos, Senior Associate of Morgan & Morgan, has been appointed as member of the Board of Directors of Fundacion WIP Panama. She has also been designated as member of the Board of Directors of Fundacion Dona Felicidad ...

As of August 8th, 2018, foreigners of nationalities that require a visa to enter the Republic of Panama may enter with a Schengen Visa or current Residency from Korea, Japan or Singapore. Comments: By means of Executive Decree No. 521 of April 6th, 2018, any foreigner who requires a visa to enter the national territory, holding a Visa or valid residency in Korea, Japan or Singapore, may enter Panama, as a tourist, without an entry visa ...

Morgan & Morgan acted as special Panamanian counsel to Alta Cordillera, S.A., in connection with a credit facility granted by PDS Gaming-International, LLC, M&G Illiquid Credit Opportunities Fund Limited and M&G Illiquid Credit Opportunities Fund II Limited, as lenders, to Alta Cordillera and Codere Newco, S.A.U., as borrowers. PDS Gaming LLC acted as arranger, servicer and agent for the lenders and PDS Gaming-International, LLC acted as collateral agent ...

Morgan & Morgan�s Panama office, and fifteen attorneys of the firm were recognized in the Chambers Global 2018, guide of the best lawyers and law firms across 190 jurisdictions in the world. The firm has been ranked in the first Bands within the areas of Corporate/Commercial, Banking & Finance, Dispute Resolution, Intellectual Property, Offshore, Shipping and Shipping Litigation ...

Morgan & Morgan acted as Panamanian counsel to the shareholders of Hidrotenencias, S.A., a company that owns and operates three run-of-the-river hydropower plants located in the province of Chiriqui, in connection with the sale of their stake in the company to EnfranGen Spain, S.A. This cross-border transaction, which involved attorneys from Panama and the United States of America, consisted in the sale of the 100% of the shares of Hidrotenencias, S.A ...

Ana Cristina Castrellon, associate of Morgan & Morgan, has been appointed Deputy Representative of the Rotary Club Panama, in its capacity as member of the Administrative Board of the National Oncology Institute (ION). ION engages in research and treatment of cancer patients in the Republic of Panama. Ms. Castrellon will participate in Board meetings of this health institution, whose mission is to oversee its proper administration, performance and operation ...

Dr. Francisco Linares, partner of Morgan & Morgan, was re-elected as Chairman of the Board of Directors of the Panamanian Maritime Law Association for the 2018-2019 term. The act took place last April 20 at Club Union in Panama City, with the presence of personalities and professionals of the legal and maritime industries ...

For the fifth consecutive year, Morgan & Morgan has received the “Leading Lights” recognition in Latin America for the Pro Bono program that the firm executes with the invaluable support of its team of lawyers. This distinction was granted by the British publication Latin Lawyer, who together with the Cyrus R ...

For the second consecutive year, Morgan & Morgan was recognized as a leading firm-Band #1 in the second edition of Chambers & Partners High Net Worth Guide – Private Wealth Law section, 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. The editorial also highlighted the work of MMG Trust (Panama) S.A., a company of the Morgan & Morgan Group that provides trust services ...

Morgan & Morgan is pleased to announce the promotion of attorney Fernando Boyd to the partnership of the firm. Fernando Boyd works in the Estate Planning and Corporate Services Department. Mr. Boyd concentrates his practice in business and corporate law, estate planning, private interest foundations, and company formation and management ...

Morgan & Morgan advised Banistmo, S.A. in the structuring and registration with the Superintendency of Capital Markets of Panama of US$300,000,000 revolving corporate bonds. The bonds will be issued in different series with maturities ranging from 2 to 15 years and interest rates may be fixed or floating. Banistmo, S.A. is a wholly owned subsidiary of Bancolombia, S.A. and is one of Panama’s largest banks with more than US$9MM in assets and deposits that exceed US$6MM ...

Morgan & Morgan advised MMG Bank Corporation in the structuring of a program of revolving short-term notes for US$50,000,000 of Corporacion Interamericana para el Financiamiento de Infraestructura, S.A. (CIFI). The short-term notes were registered with the Superintendency of Capital Markets of Panama. The issuer of the short-term notes is CIFI and MMG Bank acted as arranger and is engaged as bookrunner and paying agent of the short-term notes ...

Morgan & Morgan advised MMG Bank Corporation in the structuring of a program of revolving corporate bonds for US$100,000,000 of Corporacion Interamericana para el Financiamiento de Infraestructura, S.A. (CIFI). The bonds were registered with the Superintendency of Capital Markets of Panama. The issuer of the bonds is CIFI and MMG Bank acted as arranger and is engaged as bookrunner and paying agent of the bonds ...

Ricardo Arias works in the Corporate Law Department of the firm. Mr. Arias holds over ten years of experience advising capital markets transactions. He has represented local and foreign lenders as well as local and foreign developer/borrowers in secured and unsecured financings and project financings. Mr. Arias has been advisor to foreign and local clients on securities placement in Panama and cross-border transactions ...

Panama, January 4, 2018. The Executive Organ approved at the end of December, a 6.5% minimum salary adjustment for large companies, which became law of the Republic of Panama and applies from January 1st, 2018 to December 31st, 2019 ...

Morgan & Morgan acted as Panamanian counsel to Grupo Eleta in the sale of a minority stake in the Pear Island Project to the Grivalia Group, a global real estate investment company. Pedro Gonzalez Island (Pearl Island) is located at Archipelago Las Perlas, Pacific Ocean. The project consists of the integrated development of approximately 1,600 hectares of the island, including an airport, several hotels, a town center, several marinas, among others amenities ...

Morgan & Morgan advised Banco General, S.A. and Banistmo, S.A. in the structuring of an issuance of corporate bonds for an amount of up to US$320,000,000 carried out by Alternegy, S.A. The bonds were issued by Alternegy, and Banco General and Banistmo acted as joint arrangers and underwriters of the bonds. The bonds were registered with the Superintendency of Capital Markets of Panama and listed on the Panama Stock Exchange ...

Morgan & Morgan acted as Panamanian legal counsel of a group of shareholders of a company dedicated to the business of distribution and sale of beverages of various brands and categories, based in Panama, in connection with the sale in different stages of 100% of the shares of the company. Partner Francisco Arias G. and senior associate Roberto Vidal, participated in this transaction ...

With legal basis in local Panama laws, Panama Ports Company, S.A. (PPC), as Purchaser, and Far East Leasing, S.A. (FEL), as trustee of the FEPC Leasing Trust, as Seller, for the benefit of an indirect affiliate of the Hong Kong and Shanghai Banking Corporation Limited, entered into an Agreement for the Purchase and Sale of the port cranes owned by said trust and leased by PPC, located within the Ports of Balboa and Cristobal of PPC ...

We are pleased to announce that Mr. Raul Bermudez, lawyer of MMG Trust, Fiduciary Unit of Morgan & Morgan Group has been elected to the Board of Directors of the British Chamber of Commerce of Panama for the 2018-19 term. The election, held on the night of last Tuesday, December 12, is one of the most important events of the British community in Panama where distinguished members of the business community meet. The new Board is comprised of: 1. John Meredith, CBE (JEM Capital) 2 ...

Morgan & Morgan advised Corporación Bella Vista de Finanzas, S.A., one of the most important finance companies of Panama, in the public offering of revolving corporate bonds for an amount of up to US$10,000,000.00 Corporación Bella Vista de Finanzas, S.A., registered a program of revolving corporate bonds in series for an amount of up to US$10,000,000.00 with the Superintendency of Capital Markets of Panama ...

Morgan & Morgan advised Multibank Inc., one of the largest and most important banks in Panama, in a public offering of revolving short term commercial paper for an amount of up to US$200,000,000.00 Multibank Inc., registered a program of revolving short term commercial paper in series for an amount of up to US$200,000,000.00 with the Superintendency of Capital Markets of Panama. Payments due to holders of such securities are unsecured and backed by the general credit of the issuer ...

Morgan & Morgan acted as Panamanian counsel to the US multinational company General Electric (GE), in connection with the worldwide sale of GE Water & Process Technologies, acquired by French company Suez and Canadian group Caisse de Dépot et Placement de Quebec. For this transaction, the firm was required to advise GE on legal matters related to the part that included a Panamanian company and the business of this corporation in Panama ...