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Remote work after Covid: Panama’s experience

By Maria Teresa Mendoza, Partner, Labor Law. This article was originally published on CorporateLiveWire, Expert Guide, August 2023. The Covid-19 pandemic changed our lives in many ways and has had a long-term impact on various different aspects, including how people organise their work and where the work is performed. Working remotely is not a new

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The Bahamas´ New Business Licence Act, 2023

New Legislation Business Licence Act, 2023 (the “New Act”) which repeals and replaces the Business Licence Act, 2010 (the “Repealed Act”) is now in force along with the ancillary Business Licence Regulations, 2023 (the “New Regs”). The New Act is a consolidation and amendment of the law relating to business licences from the period commencing

Morgan & Morgan advised Orla Mining Ltd. and Minera Cerro Quema, S.A. in connection with a secured credit facility for an amount of up to US$200 million.

Panama, August 29, 2023. Morgan & Morgan 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

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Morgan & Morgan outstands in Chambers Latin America 2024.

Panama, August 24, 2023. 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

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Morgan & Morgan advised Grupo OTI in the constitution and registration of “Fondo de Inversión Inmobiliario Valle Lindo”.

Panama, August 5, 2023. We advised Grupo OTI, as sponsor, in the constitution and registration before the Superintendence of Capital Markets of Panama (the “SCM”), of a Panamanian investment fund named “Fondo de Inversión Inmobiliario Valle Lindo”. The investment fund was registered with the SCM as a Sociedad de Inversión Inmobiliaria (the Panamanian equivalent of

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Morgan & Morgan outstands in WWL: Central America 2023.

Panama, August 1, 2023. Once again, Morgan & Morgan leads the Panama section of Who´s Who Legal (WWL): Central America 2023, achieving the most recommended number of lawyers in Panama. The publication endorsed nineteen lawyers of the firm in the following practice areas Banking, Finance & Projects: Francisco Arias G. Inocencio Galindo Ramón Varela Ana

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Morgan & Morgan achieves Band 1 in the Chambers High Net Worth Guide 2023.

Panama, July 21, 2023. For the eighth consecutive year Morgan & Morgan have been designated a “Band 1” Law Firm in Panama in the Private Wealth Law section of Chambers High 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

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Morgan & Morgan advised Cirsa Finance International S.à.r.l. in connection with the offering of senior secured notes for an amount of up to €700 million.

Panama, July 19, 2023. Morgan & Morgan 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 7.875% Senior Secured Notes

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Morgan & Morgan advised ARTCAP LAC PRIVATE CREDIT SERVICES S.A. and Banistmo Investment Corporation S.A., in relation to a 10-year US$90 million senior secured loan granted to Banesco (Panamá), S.A.

Panama, July 17, 2023. Morgan & Morgan 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.,

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Comments on Recurring Questioning related to Mining Concession Contract between Minera Panama, S.A. and the Republic of Panama

Minera Panama, S.A. (“MPSA”), a subsidiary of First Quantum Minerals (“FQM”), pursuant to its 1997 mining concession granted by the executive branch of Panama´s government and approved by the National Assembly of Panama through Law 9 of 1997 (“Law 9”), developed and currently operates the Cobre Panama copper mining project, a more than US$10 Billion