STEP-Panama New Board of Directors

Panama, October 15, 2021. The new Board of Directors of The Society of Trust and Estate Practitioners (STEP) Panama Chapter recently took office, with Ms. Ana Isabel Diaz as president for the 2021-2023 period. The event was attended by Mr. Publio De Gracia, Director of the General Revenue Directorate of the Ministry of Economy and

Who´s Who Legal recognizes Maria Teresa Mendoza and Ricardo Aleman as Leading Labor and Employment lawyers in Panama.

Panama, October 5, 2021. We are proud to announce that our partners Maria Teresa Mendoza and Ricardo Aleman were selected as Leading Labor and Employment lawyers in Panama by Who´s Who Legal Labour, Employment & Benefits 2021 edition, a comprehensive guide to the world´s lawyers who can truly be considered leaders in this field. Who´s Who Legal says:

A review of data protection legislation in the Caribbean

In 2019 at the World Economic Forum, Antonio Neri, CEO of Hewlett Packard said “Data is the new currency”. This analogy has become very popular because data is now considered one of the most valuable commodities. In the European Union (EU), data protection is a fundamental right, and the General Data Protection Regulation (GDPR) which came

New requirements for the renewal of the provisional permit and the permanent residence applicable to the migratory to regularization processes.

The Ministry of Public Security through Executive Decree No. 235 of September 15, 2021 (hereinafter the “Decree”) establishes the requirements for the renewal of the provisional permit and the permanent residence applicable to foreigners who have obtained their provisional permits under the Extraordinary or General Migratory Regularization Processes, as follow: Permanent residence permit. All foreigners who have

Morgan & Morgan advised Cirsa Enterprises S.L.U in connection with the offering of secured notes for an amount of up to €615,000,000

Panama, September 27, 2021. Morgan & Morgan acted as counsel to Cirsa Enterprises S.L.U. in connection with the offering of €615,000,000 aggregate principal amount of 4.500% Secured Notes due 2027, issued by Cirsa Finance International S.à.r.l., and to be guaranteed by the Cirsa Enterprises S.L.U. and, among others, Gaming & Services de Panama, S.A. Cirsa

Morgan & Morgan advised Global Climate Partnership Fund S.A., SICAV-SIF in connection with an unsecured facility agreement

Panama, September 24, 2021. Morgan acted as special Panamanian counsel to Global Climate Partnership Fund S.A., SICAV-SIF (GCPF) in connection with an unsecured facility agreement, dated as of September 24, 2021, by and among Corporación Interamericana para el Financiamiento de Infraestructura, S.A. (CIFI), as borrower, CIFI LATAM, S.A. and CIFI PANAMÁ, S.A., as co-obligors (the

Morgan & Morgan advised Mercandú, a startup based in El Salvador, in designing the corporate structure and Seed investment round of US$1,500,000.00 with which it launched its e-commerce website and mobile app that operates a regional digital marketplace offering door to door delivery of over 150,000 products.

Panama, September 22, 2021. Morgan & Morgan acted as Panamanian counsel to Mercandú, a startup based in El Salvador, in designing the corporate structure and Seed investment round of US$1,500,000.00 with which it launched its e-commerce website and mobile app that operates a regional digital marketplace offering door to door delivery of over 150,000 products such

Morgan & Morgan advised Seven Seas Water and a group of its subsidiaries, in a US$205 million financing, which would be used to refinance a US$163 million credit facility obtained by the company.

Panama, September 21, 2021. Morgan & Morgan represented Seven Seas Water (“Seven Seas”) and a group of its subsidiaries, in a US$205,000,000.00 financing with Deutsche Bank AG and Investec Bank, PLC, as lenders, which would be used to refinance a credit facility obtained by Seven Seas in June 2020, for US$163,000,000.00. Seven Seas is a

Immigration exceptions for North American and Canadian citizens; and foreigners who work in companies with an MHQ license or those established in the Panama Pacifico Special Economic Area.

Resolution No. 22706 of September 10th, 2021, published in the Official Gazette on September 20th, 2021 (hereinafter “The Resolution No. 22706”), exempts citizens of the United States of America and Canada from the effects and terms of the Resolution No. 22068 of September 1st, 2021. Resolution No. 22246 of September 3rd, 2021, published in the

Chambers & Partners shortlisted Carlos Ernesto Gonzalez Ramirez to receive the Diversity and Inclusion Award.

Panama, September 20, 2021. We are proud to announce that our partner Carlos Ernesto Gonzalez Ramirez has been shortlisted in the Chambers Latin American Awards 2021 in the category “Diversity and Inclusion: Outstanding Contribution.” Mr. Gonzalez Ramirez is one of the ten lawyers granted this distinction, sharing the honor with highly recognized legal professionals in Latin America.