Morgan & Morgan advised on the closing of Grupo Financiero BSC’s acquisition of Banistmo.

Morgan & Morgan acted as legal counsel to Grupo Financiero BSC (formerly, Inversiones Cuscatlán Centroamérica, S.A.) (“Grupo BSC”) and subsequently to Banco La Hipotecaria, S.A. (“Banco La Hipotecaria”), a member of Grupo BSC’s economic group, in connection with the closing of the acquisition of Banistmo, S.A. (“Banistmo”). The Firm advised on the transaction from the

Alerta Migratoria

Elimination of the Stamped Visa Requirement for Nationals of the Dominican Republic

Executive Decree No. 12 of June 30th, 2026 repeals Executive Decree No. 716 of November 23th, 2015, which had included the Dominican Republic among the countries whose nationals were required to obtain a Stamped Visa to enter the national territory. Regulatory background: Executive Decree No. 716 of November 23, 2015, included the Dominican Republic among

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Morgan & Morgan advised Grupo Financiero BSC in a US$700 million acquisition finance

Morgan & Morgan acted as Panama legal counsel to Grupo Financiero BSC (formerly, Inversiones Cuscatlán Centroamérica, S.A.) (“Grupo BSC”) and Banco La Hipotecaria, S.A. (“Banco La Hipotecaria”), a member of Grupo BSC’s economic group, in connection with two credit facilities totaling US$700 million to finance part of the purchase price for the acquisition by Banco

Panama updates rules for international data transfers

The National Authority for Transparency and Access to Information (“ANTAI”) has issued Resolution No. ANTAI-DG-003-2026 dated March 26, 2026 (the “Resolution”), approving and implementing the use of the Ibero-American Data Protection Network (“RIPD”) Standard Contractual Clauses for international transfers of personal data. This initiative forms part of the ongoing development of the framework established by

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Economic Substance Rules for Foreign-Source Passive Income

Law 526, enacted on May 28, 2026, introduced a new chapter to the Tax Code establishing economic substance requirements applicable to certain foreign-source passive income. Its provisions will apply starting from the fiscal period 2027. In the Republic of Panama, under the territoriality principle, foreign-source passive income is not subject to any form of taxation.

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Global M&A Comparative Law Guide 2026

Morgan & Morgan contributed to the Global M&A Comparative Law Guide 2026, a publication produced by The Global Legal Post. The Panama chapter was authored by partners Francisco Arias and Roberto Vidal, and senior associate Mónica Moreno. The guide provides a clear, comparative analysis of the legal frameworks governing M&A transactions across key jurisdictions. Written by experienced

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Morgan & Morgan advised on one of the most significant capital markets transactions in the Central American and Caribbean energy sector

Morgan & Morgan acted as Panamanian legal counsel to Generadora de Gatún, S.A. (“Gatún”) in a landmark international bond issuance in an aggregate amount of US$1.05 billion, structured under Rule 144A / Regulation S. The issuance was registered with the Panamanian Superintendency of the Securities Market (Superintendencia del Mercado de Valores) and listed on the

Chambers & Partners 2026 Fintech Guide

Morgan & Morgan contributed to the Chambers & Partners Fintech Global Guide 2026. The Panama chapter was authored by partners Kharla Aizpurua O. and Roberto Vidal, senior associate Miguel Arias, and associate Eduardo Oteiza. In the Law and Practice section, the firm provides an overview of Panama’s fintech landscape, addressing the regulatory framework applicable to key business models

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Morgan & Morgan received the “Pro Bono Project of the Year” recognition from Latin Lawyer for its support of Panama’s Food Waste Law.

Morgan & Morgan has received the Pro Bono Project of the Year Award from Latin Lawyer, recognizing the firm’s key role in the development and passage of Panama’s Food Waste Law. The award ceremony took place on May 7, in São Paulo, Brazil, and the recognition was received by Marianela Ferrer, Vice President of Communications

Alerta Migratoria

Implementation of the Online System for Address Update and New Permanent Resident Immigration Subcategory

The National Migration Authority has enabled the procedure for change or update of residence status online. Steps to complete the procedure: Access to the portal: Enter the “Migración en Línea” platform (right-hand side of the main page). Select “Applications” → option “Change of Residence”. User registration: Click on the corresponding icon. Select “User Registration” and