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The Ministry of Labor updates and introduces new modifications to the Labor Immigration regulations in Panama (Executive Decree No. 6 of April 13, 2023).

Executive Decree No. 6 of April 13, 2023 (hereinafter the “Decree”) that regulates Labor Immigration and subrogates Executive Decree No. 4 of March 2, 2023, therefore replacing it entirely, with the objective of regulating Labor Immigration and repeal all regulations relating to work permits in Panama. MOST RELEVANT CHANGES AND ADDITIONS: A. Classification of Work Permits: The

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Morgan & Morgan consolidates as the most ESG-responsible law firm in Panama.

Panama, April 7, 2023. The Corporate Reputation Business Monitor (MERCO), a benchmark monitor for Ibero-America, announced the ranking of the 100 most ESG-responsible companies in Panama in 2022. We proudly announce that Morgan & Morgan has consolidated its position as #1 in the Legal Sector. By category, Morgan & Morgan ranks the following positions: (E) Environment: #13 (S) Internal,

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Morgan & Morgan advised MMG Global Allocation Fund, Inc. in the conversion from a closed-end simple fund into a closed-end umbrella fund.

Panama, April 5, 2023. Morgan & Morgan represented MMG Global Allocation Fund, Inc. (“MMGGFAF” or the “Fund”) before the Superintendence of Capital Markets (“SMC”) in the registration of the amendment of the terms and conditions of the public offering of its participating shares and the authorization for the conversion from a simple closed-end fund into a

Morgan & Morgan advised Green Tower Properties Inc. and its shareholders in the registration and conversion as a Real Estate Investment Trust and an initial public offering (IPO) of its shares through Latinex.

Panama, March 31, 2023. Morgan & Morgan 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”),

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Morgan & Morgan advised Minera Panama, S.A., in negotiating a Refreshed Concession Agreement with the Government of Panama for the Cobre Panama Project, the largest private investment in the history of Panama.

Panama, March 9, 2023. Morgan & Morgan 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”).  On

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Morgan & Morgan advised DMB in the acquisition of the Anschütz Group Panama subsidiary.

Panama, March 1, 2023. Morgan & Morgan 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

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Morgan & Morgan consolidates as the Panamanian law firm with the best corporate reputation.

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

Morgan & Morgan advised in a joint venture for the development, construction and operation of a hotel and resort in Costa Rica.

Panama, February 13, 2023. Morgan & Morgan 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,

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Morgan & Morgan is recognized as Pro Bono Leading Lights 2022.

Panama, February 11, 2023. 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.

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Morgan & Morgan advised Dream Properties in the constitution and registration of NF Real Estate Fund Inc. as a Real Estate Investment Fund.

Panama, February 6, 2023. Morgan & Morgan provided legal counsel to Inversiones Inmobiliarias Dream Properties (“Dream Properties”), as sponsor, in the constitution and registration before the the Superintendence of the Securities Market of Panama (the Superintendencia del Mercado de Valores or “SMV”), of NF Real Estate Fund Inc., as a Sociedad de Inversión Inmobiliaria (the