Superintendence of Non-Financial Regulated Persons issues new regulations in relation to attorneys and accountants

Panama, 24 July 2020. By means of Rule JD-01-2020, published in the Official Gazette No. 29076 of 24 July 2020, the Superintendence of Non-Financial Regulated Persons (SNFR) has established a set of rules and obligations imposed to attorneys and accountants whenever they incur in any of the regulated activities under Law 23 of 2015, which

The creation of a startup

An entrepreneur has a lot to consider when starting a new business. Who will be part of the team? Who will manage the company? How will decision-making be handled? Without a doubt, from the legal standpoint, among the first questions that an entrepreneur must ask him or herself is: What type of entity should I

Morgan & Morgan advised Electron Investment, S.A. in the public offering of corporate bonds for a sum of up to US$ 205 million

Panama, July 15, 2020. Morgan & Morgan represented Panamanian company Electron Investment, S.A. (the “Issuer”) in the public offering of corporate bonds for a sum of up to US$ 205,000,000 (the “Bonds”) in relation to Pando and Monte Lirio, two hydropower generating facilities that it owns and operates. For purposes of the public offering, Electron

Morgan & Morgan advised Gaming & Services de Panama, S.A. and Cirsa Enterprises Group, in connection with a revolving credit facility and a term loan facility

Panama, July 9, 2020. Morgan & Morgan advised Gaming & Services de Panama, S.A. (the “Company”) and Cirsa Enterprises Group (“Cirsa”), a leading gaming group in Spain, Italy and a number of countries in Latin America, with respect to (i) a revolving credit facility agreement up to the amount of €55,000,000, by and among Cirsa

Morgan & Morgan advised Seven Seas Water Corporation in connection with a US$163 million finance.

Panama, June 26, 2020. Morgan & Morgan represented Seven Seas Water Corporation (“Seven Seas”) in a US$163,000,000.00 financing with Deutsche Bank AG and Comvest Credit Partners, as lenders, and subsequent acquisition, through affiliate AquaVenture Capital Limited, Sembcorp Investments Limited, which wholly owns Aguas de Panamá, S.A. (“APSA”). Seven Seas is a portfolio of desalination and

Panamá reglamenta su Régimen de Propiedad Horizontal

24 de junio de 2020. En junio de 2020 se cumplen diez años de haberse expedido la Ley 31 de 18 de junio de 2010, mediante la cual se establece el Régimen de Propiedad Horizontal en Panamá. Este mismo mes, finalmente se publica y entra en vigor su respectiva reglamentación, mediante el Decreto Ejecutivo 151

Novedades de las recientes modificaciones a la Ley de Contrataciones Públicas: Transparencia e inhabilitaciones en las contrataciones

22 de junio de 2020 (Segunda Parte) Entre las modificaciones que se hacen a la Ley 22 de 2006 de Contrataciones Públicas, a través de la reciente aprobación de la Ley 153 de 8 de mayo de 2020, se pueden observar avances en la estandarización de todos los documentos utilizados en las contrataciones, y no

The Legal 500: Securitisation Country Comparative Guide 2020

Panama, June 22, 2020.  Partners Francisco Arias G. and Ricardo Arias, contributed with the Panama Chapter of The Legal 500: Securitisation Country Comparative Guide 2020, a publication that provides an overview of the law and practice of securitization law across a variety of jurisdictions. The online Panama chapter is available here. Or a PDF version

Morgan & Morgan contributed in The World Justice Project

Panama, June 19, 2020. Maria Eugenia Brenes, Mayte Sanchez Gonzalez, Milagros Caballero and Carlos Ernesto Gonzalez Ramirez, attorneys at Morgan & Morgan, contributed with the Panama chapter of The World Justice Project (WJP) Rule of Law Index. The publication, which was supported by experts from different countries, presents a portrait of the rule of law

Novedades de las recientes modificaciones a la Ley de Contrataciones Públicas: Promoción de las empresas nacionales

17 de junio de 2020 (Primera Parte) A través del presente artículo nos avocaremos a efectuar un análisis de las novedades a la Ley de Contrataciones Públicas, introducidas a través de la reciente aprobación de la Ley 153 de 8 de mayo de 2020, destacando aquellos aspectos que en la práctica pudieran tener alguna dificultad