Morgan & Morgan advised Mercantil Servicios Financieros Internacional, S.A. in the issuance of Class “A” and Class “B” common shares for an amount of up to US$30 million.

Panama, July 31, 2022. Morgan & Morgan advised MERCANTIL SERVICIOS FINANCIEROS INTERNACIONAL, S.A. (the “Issuer”), the holding company of Mercantil Group and the indirect holder of leading enterprises in the banking and insurance business in Panama and other countries, in the issuance of Class “A” and Class “B” Common Shares for a total of US$30,000,000.00

Taxpayer ID Number Registry (TIN): Updates

Update of TIN Registry Through Resolution No. 201-4393 of June 21, 2022 published in Official Gazette 29581 of July 19, 2022, the General Revenue Directorate establishes the Tax Obligation to update the Taxpayer ID Number Registry ( TIN ) no later than July 31st , 2022 by completing all mandatory fields. Those who do not

Morgan & Morgan achieves Band 1 in the Chambers High Net Worth Guide 2022

Panama, July 15, 2022. For the seventh 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 2022, a publication aimed at the international private wealth market and a key reference point of the world´s leading firms in

IFLR 1000 Capital Markets: Active Firm

Panama, July 12, 2022. We are proud to announce that our law firm once again has been highly recommended in the latest ranking of IFLR 1000 in sections Capital Markets: Debt and Equity. Congratulations to our Securities and Capital Markets team, and thanks to our clients for trusting us and making these recognitions possible. The

Morgan & Morgan Legal strengthens its Tax Law practice.

Panama, July 8, 2022. Morgan & Morgan Legal is pleased to announce the recent incorporation of Mr. Jose Rafael Reyes as partner and head of the Taxation practice group of the firm. Mr. Reyes has over ten years of experience handling complex legal and tax matters. He regularly advises clients from multiple industries in connection

New sanitary measures for the entry of travelers

By means of Decree No. 102 of July 01st 2022, published in the Official Gazette on July 04th, 2022 (hereinafter “The Decree”), the Ministry of Health of the Republic of Panama establishes new sanitary measures for the entry of travelers to the country. RELEVANT MEASURES The most relevant measures included in this Decree are: It is established

Morgan & Morgan won the Jurisdiction award in the Women in Business Law Awards 2022.

Panama, July 5, 2022. We are pleased to announce that our firm won the Jurisdiction award in the Women in Business Law Awards 2022 – Americas: Morgan & Morgan Jurisdiction – Panama These awards, organized by Euromoney plc, recognizes women in business law and those law firms that have designed initiatives and programs to support

Morgan & Morgan advised Supermercados Xtra, S.A. in connection with the registration of common shares for an amount of up to US$45.5 million.

Panama, July 4, 2022. Morgan & Morgan advised Supermercados Xtra, S.A., one of the leading supermarket chains in Panama (the “Issuer”), and its shareholders in the registration of its 12,500,000 common shares (the “Common Shares”) with the Superintendency of Capital Markets of Panama for their negotiation in a secondary market transaction through the Latinamerican Stock

Morgan & Morgan advised Mercantil Holding Financiero Internacional, S.A. (MHFI) in the execution of a promissory share purchase agreement for the acquisition of the majority stake in Capital Bank, Inc.

Panama, June 30, 2022. Morgan & Morgan advised Mercantil Holding Financiero Internacional, S.A. (MHFI), a subsidiary of Grupo Mercantil, in relation to the execution 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”), and MHFI, as a buyer,

Leaders League Latin America IP 2022

Panama, June 28, 2022. Attorneys Maria Eugenia Brenes and Allen Candanedo have been featured in the ranking of the best law firms in Panama in Intellectual Property matters by the publication Leaders League Latin America 2022. The complete ranking is available here.