Morgan & Morgan advised Banistmo Investment Corporation with respect to the financing of the first LNG terminal in Panama

Morgan & Morgan advised Banistmo Investment Corporation, S.A. as holder of local collateral of several energy projects and the most recent being the Gas Natural Atlantico, S. de R.L. and Costa Norte LNG Terminal S. de R.L. LNG project locate in the province of Colon, Panama, which is an  approximately US$600 million financing. This is

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Resolution of the Ministry of Labor establishes the requirements for the affiliation of foreigners in the Department of Labor Immigration

Comments: Pursuant to Executive Decree No. 76 of December 26, 2017 and Resolution No. DM-064-2018 of February 8, 2018, published on February 20th in the Official Gazette, the Ministry of Labor will require the affiliation of foreigners in the Department of Labor Immigration. This affiliation will consist of (i) a scan of the fingerprints through

Morgan & Morgan advised First Quantum Minerals Ltd. in the offering of senior notes for an amount of up to US$1.85 Billion

Morgan & Morgan acted as Panamanian legal counsel to First Quantum Minerals Ltd., in connection with the offer of up to US$850,000,000.00 in aggregate principal amount of 6.500% senior notes due 2024 and up to US$1,000,000,000.00 in aggregate principal amount of 6.875% senior notes due 2026.  The issuance was agreed pursuant to the terms and

Tareas pendientes con el impuesto de inmueble

Pending tasks with property tax

Article published in the Tax Column of the newspaper La Prensa (February 18, 2018) The changes introduced by Act 66 of October 17, 2017 (Act 66/2017), brings with it a new concept and alternative to the procedure on the part of the taxpayers, which is the right to adopt or not to the regime of

Morgan & Morgan promotes new partner

Morgan & Morgan is pleased to announce the promotion of attorney Ricardo Arias to the partnership of the firm. Ricardo Arias works in the Corporate Law Department of the firm.  Mr. Arias holds over ten years of experience advising capital markets transactions. He has represented local and foreign lenders as well as local and foreign

Morgan & Morgan contributed in the Chambers & Partners Insolvency Guide 2018

Partner Jose Carrizo and senior associate Aristides Anguizola contributed with the Panama chapter of Chambers & Partners Insolvency Guide 2018.  In this edition, attorneys from 27 countries summarized about the trends, rules, regulatory issues, among others, in this matter for each of their jurisdictions. The complete guide is available here.

Regulation of Paternity Leave for private sector employees and public servants

Executive Decree no. 83 of Wednesday, December 27, 2017 has been issued to regulate the Law on Paternity Leave, No. 27 of May 23, 2017, applicable to employees of the private sector and public servants. Maria Teresa Mendoza, expert in labor law and partner of Morgan & Morgan summarizes below the most relevant aspects of

Morgan & Morgan contributed in Doing Business 2018: Reforming to Create Jobs

Mercedes Arauz de Grimaldo, Ramon Varela, Aristides Anguizola and Angie Guzman, contributed in the Panama research process of Doing Business 2018: Reforming to Create Jobs, a publication of the World Bank Group that summarizes relevant issues that enhance business activity across 190 economies. The full report is available for download here.

Morgan & Morgan advised Banistmo, S.A. in the structuring and registration of revolving corporate bonds for an amount of up to US$300 million

Morgan & Morgan advised Banistmo, S.A. in the structuring and registration with the Superintendency of Capital Markets of Panama of US$300,000,000 revolving corporate bonds. The bonds will be issued in different series with maturities ranging from 2 to 15 years and interest rates may be fixed or floating. Banistmo, S.A. is a wholly owned subsidiary

Morgan & Morgan contributed in the Chambers & Partners Shipping Guide 2018

Partner Enrique De Alba contributed with the Chambers & Partners Shipping Guide 2018. Mr. De Alba was selected among multiple experts from the maritime industry, to prepare both the introduction and the complete program of this publication. The guide analyzes the most relevant aspects that affects the maritime industry in twelve jurisdictions. The complete guide