Regulation of tourists stay in Panama

By Executive Decree No. 269 of May 29th, 2017, the stay as tourists for nationals from Colombia, Nicaragua and Venezuela, reduces to 90 days. Comments: This Executive Decree applies to individuals who are nationals of Colombia, Nicaragua and Venezuela. A term of ninety (90) days is established for individuals of the above-mentioned nationalities to remain

Nueva Ley que crea la Licencia de Paternidad en Panamá

Mediante la Ley No. 27 de martes 23 de mayo de 2017 se crea la licencia de paternidad para trabajadores de empresas privadas y servidores públicos. Comentarios: La Licencia de paternidad aplica para trabajadores, cuya esposa o conviviente en condiciones de singularidad y estabilidad, se encuentre en estado de gravidez. Para acogerse a la licencia

Morgan & Morgan advised Grupo CAABSA in connection with the asset purchase acquisition of Soho Mall

Morgan & Morgan acted as local counsel to Grupo CAABSA, in connection with the asset purchase acquisition of Soho Mall, by a consortium group comprised of Mexican companies, i.e. by Grupo CAABSA and Grupo Citelis.  Grupo CAABSA is a Mexican business group, which is the operator of one of the main shopping centers in Mexico.

Morgan & Morgan advises Banco Inbursa in the purchase and assignment of Credits Master Agreement for a value of US$415 millions

Morgan & Morgan advised Banco Inbursa, S.A., Institucion de Banca Multiple, as buyer in the master agreement for the purchase and assignment of non-recourse credits through an evolving discount purchase facility for a value of US$ 415,000,000.00 of certain specific credit rights of Consorcio Linea 2 de Metro de Panama, comprised of FCC Construccion, S.A.

Morgan & Morgan participó en foro sobre el mercado eléctrico panameño

El 6 de abril de 2017, se llevó a cabo en la ciudad de Panamá la jornada jurídica “Pasado, presente y futuro del sector eléctrico”, organizada por el Colegio Nacional de Abogados, en conmemoración de los 20 años de la Ley de Electricidad. Morgan & Morgan participó como patrocinador de este evento, que reunió a

Morgan & Morgan Strengthens Immigration and Labor Law Practices

Morgan & Morgan is pleased to announce the recent incorporation of partners Ricardo Aleman, Maria Teresa Mendoza and Albalira Montufar to the firm, with the purpose of maintaining the highest level of service in the areas of immigration and labor law of the firm.  They each possess extensive experience advising domestic and multinational corporations, and

Morgan & Morgan advised in the acquisition of Sociedad de Alimentos de Primera, S.A.

Morgan & Morgan acted as counsel to DMPTY, INC., a Castillo Hermanos company, with respect to an agreement for the acquisition, from Empresa Panameña de Alimentos, S.A., of 100% of the issued and outstanding shares of Sociedad de Alimentos de Primera, S.A. (SAPRISA); owner of the Bonlac brand and line of dairy products. With this

Debida Diligencia: Un desafío para el sector inmobiliario de la República de Panamá

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