Press Releases

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 ...

Morgan & Morgan Legal advised Green Tower Properties Inc. (“Green Tower”) and its shareholders, in the registration and conversion as a Sociedad de Inversión Inmobiliaria (the Panamanian equivalent of a Real Estate Investment Trust or “REIT”) before the Superintendence of the Securities Market of Panama (the Superintendencia del Mercado de Valores or “SMV”), and in the registration of its Class B Shares before the SMV and the Latinamerican Stock Exchange, S.A ...

Morgan & Morgan Legal advised DMB Dr. Dieter Murmann Beteiligungsgesellschaft mbH (“DMB”), with respect to the acquisition of 100% of RAYTHEON ANSCHUETZ PANAMA, S. DE R.L. (the “Panama Subsidiary”), as part of the acquisition of DMB of the entire Anschütz Group with its headquarters in Kiel (Germany) and international subsidiaries in Panama City (Panama), Portsmouth (United Kingdom), Rio de Janeiro, Shanghai, and Singapore ...

Morgan & Morgan Legal acted as lead Panamanian legal counsel to First Quantum Minerals Ltd. (“FQM”) and Minera Panama, S.A. (“MPSA”), a subsidiary of FQM, in all aspects related to the negotiations with the Government of Panama for a refreshed mining concession agreement for the Cobre Panama Project (the “Draft Refreshed Contract”) ...

Panama, March 9, 2023. Morgan & Morgan Legal acted as lead Panamanian legal counsel to First Quantum Minerals Ltd. (“FQM”) and Minera Panama, S.A. (“MPSA”), a subsidiary of FQM, in all aspects related to the negotiations with the Government of Panama for a refreshed mining concession agreement for the Cobre Panama Project (the “Draft Refreshed Contract”) ...

Panama, February 27, 2023. For the fifth consecutive year, the Corporate Reputation Business Monitor (MERCO), a reference monitor for Ibero-America, presented the rankings of 100 companies and the 100 leaders with the best reputation in Panama. We are pleased to announce that Morgan & Morgan remains the only law firm in this important ranking, consolidating itself in the #1 position of the Legal sector ...

For the fifth consecutive year, the Corporate Reputation Business Monitor (MERCO), a reference monitor for Ibero-America, presented the rankings of 100 companies and the 100 leaders with the best reputation in Panama. We are pleased to announce that Morgan & Morgan remains the only law firm in this important ranking, consolidating itself in the #1 position of the Legal sector ...

For ten consecutive years, Morgan & Morgan has received the “Leading Lights” recognition in Latin America for the firm´s Pro Bono program. In Panama, only Morgan & Morgan achieved this status, sharing honors with leading regional firms. This distinction is granted annually by Latin Lawyer, who, together with the Cyrus R. Vance Center for International Justice, investigates the institutionalization of the practice within the firms and the participation of their legal team ...

Morgan & Morgan Legal advised the majority shareholder group, in a joint venture for the development, construction and operation of a hotel and resort of the Waldorf Astoria chain in Punta Cacique, Guanacaste, Costa Rica. The project is a luxury beach resort with an estimated 40 residential units and 190 hotel rooms, for an investment of over US$180,000,000. The project has already begun construction and the hotel is expected to open its doors to guests in 2025 ...

Morgan & Morgan Legal is pleased to announce the recent promotion of Ana Carolina Castillo Solis as a partner of the firm's Corporate Law Department. Mrs. Castillo regularly advises clients in energy (power), finance, mergers and acquisitions and capital markets transactions, among others. In recent years, she has been particularly active advising clients involved in the generation of energy, including hydro, wind, thermal, and solar projects ...

Morgan & Morgan is pleased to announce the recent promotion of attorney Laura Barrios Altafulla as partner of the Estate Planning and Corporate Services Department Unit. Laura advises clients on international tax issues, mainly assisting companies on efficient corporate structures and compliance matters. Mrs. Barrios is considered one of Panama´s most knowledgeable tax treaty and CRS and FATCA reporting expert ...

Morgan & Morgan Legal acted as Panamanian counsel of Republic Bank Limited, in connection with the term loan facility agreement dated November 30, 2022, by and among, Inflite Holdings (Cayman) Ltd., as borrower, Republic Bank Limited, as arranger, agent, security agent and lender, and other guarantors listed therein, for the amount of US$32,000,000.00. The purpose of the term loan facility is to finance the acquisition by the borrower of a restaurant franchise operation in Panama ...

Morgan & Morgan Legal represented Banistmo, S.A., as arranger and underwriter in connection with the registration of corporate bonds of Lion Hill Capital 2, S.A. (the “Issuer”), for an aggregate amount of US$80,000,000 with the Superintendency of Capital Markets of Panama, in order for the Issuer to publicly offer the bonds in multiple series, knowingly, Senior Secured Bonds and Subordinated Bonds ...

Morgan & Morgan Legal advised Mercantil Holding Financiero Internacional, S.A. (“MHFI”), and Mercantil Capital, S.A. (“Mercantil Capital”), subsidiaries of Grupo Mercantil, in relation to the closing of the Promissory Share Purchase Agreement (the “SPA”) dated June 29, 2022, by and among the shareholders of Capital Bank, Inc. (“Capital Bank”) as sellers (the “Sellers”), Capital Financial Holding Inc ...

Morgan & Morgan Legal represented Latin American Kraft Investments, Inc ...

Morgan & Morgan Legal represented Latin American Kraft Investments, Inc. (the “Issuer”), in the registration of revolving commercial papers for an aggregate amount of US$40,000,000, under the abbreviated registration process for recurring registered issuers with the Superintendency of Capital Markets of Panama, in order for the Issuer to publicly offer the revolving commercial papers in multiple series ...