Paternity leave for employees and public servants

María Teresa Mendoza Vallejo, Partner, Labor Law, Morgan & Morgan On May 24, 2017, Act 27 of May 23rd, 2017 was published in the Official Gazette No. 28285-B of May 24th, 2017, which establishes the Paternity Leave, applicable both to employees of private sector, as well as to public servants, effective since May 25th, 2017.

Morgan & Morgan advised the Republic of Panama, Merrill Lynch, Pierce, Fenner & Smith Inc. and Morgan Stanley & Co. LLC in a tender offer of U.S. Global Bonds

Morgan & Morgan acted as Panamanian legal counsel to Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. LLC, with respect to a tender offer by the Republic of Panama to bondholders of 3.875% Global Bonds due March 17, 2018, up to an additional US$253,988,000 aggregate principal amount of said 3.875% Global

Francisco Linares, new Chairman of the Panamanian Maritime Law Association

Dr. Francisco Linares, partner of Morgan & Morgan, took office as Chairman of the Board of Directors of the Panamanian Maritime Law Association for the 2017-2018 term. The act took place last May 5 at the Museum of the Interoceanic Canal in Panama City, with the presence of personalities and professionals of the legal and

Morgan & Morgan asesoró a Construcciones Hospitalarias, S.A., empresa afiliada de FCC, dentro del financiamiento para la construcción del proyecto Ciudad Hospitalaria

Morgan & Morgan advised in connection with a joint venture of Cafetales and ENESA

Morgan & Morgan advised Cafetales, S.A. (Cafetales) and Energía Natural, S.A. (ENESA), in a joint venture in a special purpose vehicle, Emnadesa Holding, S.A., in favour of which ENESA transferred its ownership interest in Empresa Nacional de Energía, S.A., and Cafetales transferred its ownership interest in Hidroeléctrica Bajos del Totuma, S.A. Empresa Nacional de Energía,

Morgan & Morgan advised Grupo Puente in obtaining its banking license in Panama

The Superintendence of Banks (SBP) of the Republic of Panama has issued a resolution by which it grants Puente Bank, S.A. an International Banking License to formally operate in the Republic of Panama. “Since the month of August, 2014, Morgan & Morgan, by request from the bank’s managements, formally started the legal and administrative processes

Morgan & Morgan advised Ufinet with respect to the acquisition of the telecommunications business of IFX Networks and its subsidiaries

Morgan & Morgan acted as Panamanian counsel to Ufinet, a fiber optic operator, with respect to the acquisition of the telecommunications business of IFX Networks and its subsidiaries. In this M&A transaction aimed at strengthening Ufinet´s network presence in South America, Morgan & Morgan´s role included providing advice in connection to corporate and telecommunications regulatory

Morgan & Morgan participated in Panamanian electricity market forum

On April 6, 2017, in commemoration of the 20 years of the Electricity Law, the “Past, present and future of the electricity sector” forum was held in Panama City, organized by the National Bar Association. Morgan & Morgan participated as a sponsor of this event, which brought together lawyers, lenders, developers and government officials who

Morgan & Morgan advised in the acquisition of a Panamanian manufacturing company

Morgan & Morgan acted as Panamanian counsel to an international investment group with respect to the acquisition of all the remaining shares of a local company engaged in the production, sale and distribution of different products, including vegetable oil, soaps, detergents, butter, among others. Partner Francisco Arias and associate Roberto Vidal, participated in this transaction.

Morgan & Morgan advised in supermarket chain sale

Morgan & Morgan acted as Panamanian counsel to one of the largest supermarket chains in the country, with respect to the sale of a majority stake in their companies. Partner Francisco Arias and associates Roberto Vidal and Cristina De Roux, participated in this transaction.