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Amendments to the Decree that creates the Subcategory of Permanent Resident as Qualified Investor in Panama (Golden Visa).

Executive Decree No. 109 of 13 October 2022 With this new decree, paragraph a, numeral 2 of article 3 and article 10 of Executive Decree No. 722 of 15 October 2020 are modified. To apply for the Permanent Residence Permit as a Qualified Investor (commonly known as Golden Visa), there are four options: By a

Morgan & Morgan advised Corporación Andina de Fomento in the listing and placement of a Series of Set-Up Fixed Rate Notes for an amount of up to US$200 million.

Panama, September 30, 2022. Morgan & Morgan represented Corporación Andina de Fomento (CAF- Development Bank of Latin America) (the “Issuer”), in the listing and placement through the Latin American Stock Exchange (“Latinex”) of a Series of Step-Up Fixed Rate Notes for an aggregate of US$200,000,000 (the “Notes”), under the US$30,000,000,000 Medium Term Note Programme. The

The Ministry of Health lifts sanitary measures and restrictions for travelers

Decree No. 122 of September 14th, 2022, published in the Official Gazette on September 15th, 2022 (hereinafter “The Decree”), lifts sanitary measures and restriction for travelers. RELEVANT MEASURES: It is ordered to lift the mandatory physical distancing and capacity established in the National Territory due to COVID-19. It is ordered to lift the sanitary restriction measures for

Morgan & Morgan advised MMG Bank Corporation in connection with a financing to be granted in favor of Daconan Star Solar, S.A.

Panama, September 8, 2022. Morgan & Morgan represented MMG Bank Corporation (“MMG Bank”), as lender, in a financing to be granted in favor of Daconan Star Solar, S.A. (“Daconan”), to be used for expansion, by 2.64 additional megawatts of the capacity of a photovoltaic project called “Daconan Solar”, with an installed capacity of 3.24 megawatts,

Morgan & Morgan advised Cochez y Cía, S.A. in the registration of revolving corporate bonds for an amount of up to US$90 million.

Panama, September 7, 2022. Morgan & Morgan represented Cochez y Cía., S.A. (the “Issuer”), in the registration of revolving corporate bonds for an aggregate of US$90,000,000, 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 bonds in multiple

Morgan & Morgan advised Cochez y Cía, S.A. in the registration of revolving commercial papers for an amount of up to US$10 million.

Panama, September 7, 2022. Morgan & Morgan represented Cochez y Cía., S.A. (the “Issuer”), in the registration of revolving commercial papers for an aggregate of US$10,000,000, 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 bonds in multiple

Efficient Drafting of Arbitration Clauses

Panamanian law recognizes that an arbitration agreement may take the form of an arbitration clause included in a contract or the form of an independent agreement. For an arbitration clause to be valid in Panama, it must be in writing. Likewise, there may be any type of evidence of its content, whether electronic communications, audio

Morgan & Morgan outstands in Chambers Latin America 2023.

Panama, August 30, 2022. Once again, Morgan & Morgan leads the Panama ranking in Chambers Latin America Guide 2023, the key reference point of Latin American top law firms. The firm achieved 21 top rankings in 7 practice areas, the highest number for a Panamanian law firm. The recommended attorneys are: Allen Candanedo: Intellectual Property.

Global Employer Handbook: Panama

Panama, August 22, 2022. As a member of the Employment Law Alliance (ELA), our firm collaborated with the Panama Chapter of ELA´s Global Employer Handbook, a comprehensive resource for labor and employment law in over 100 countries around the globe.   Partners Ricardo Aleman and Maria Teresa Mendoza from our Labor Law Department wrote about the

Latin Lawyer 250: Highly Recommended

Panama, August 23, 2022.  Once again, Latin Lawyer 250, 2023 edition, recommended Morgan & Morgan in the areas of Banking and Finance and Corporate and M&A. “A large headcount and almost a century in the Panamanian legal market give Morgan & Morgan the workforce and experience required to steer through some of the country’s most