Morgan & Morgan advises Inmet Mining Corporation in the sale of a 20% stake in its subsidiary Minera Panama, S.A. to Korea Panama Mining Company

Morgan & Morgan acted as legal advisor to Inmet Mining Corporation (Inmet) and Minera Panama, S.A., in connection with Panamanian legal aspects related to the sale of a 20% participation in the company to Korea Panama Mining Corporation (KPMC).  Minera Panama, S.A. is the owner and developer of the Cobre Panama project, a US$6.18 Billion

Morgan & Morgan advised the Inter-American Development Bank respect to a loan in an aggregate principal amount of up to US$60 million

Morgan & Morgan advised the Inter-American Development Bank with respect to a loan granted by the Inter-American Development Bank, as lender, to the Corporación Interamericana para el Financiamiento de Infraestructura, S.A., as borrower, in the aggregate principal amount of up to US$ 60 million. The collateral granted by the borrower to guaranty the repayment of

Morgan & Morgan advised HSBC in the sale of its operation in Colombia

Morgan & Morgan advised HSBC Group with respect to Panamanian legal aspects related to the sale of its operation in Colombia to Banco GNB Sudameris, S.A., for US$400 million. This transaction is part of a border operation involving other South American countries (Peru, Uruguay and Paraguay). From Morgan & Morgan, partner Inocencio Galindo and associate

Morgan & Morgan advises Hidrotenencias, S.A. in the sale of its majority shareholding

Morgan & Morgan acted as counsel to Hidrotenencias, S.A., in connection with the sale of 51.6% of all the issued and outstanding shares of the company. Hidrotenencias, S.A. is a holding company indirect sole owner of three hydroelectric projects with a total capacity of 30MW, located in the province of Chiriqui, Republic of Panama. From

Morgan & Morgan advises Hidrotenencias, S.A. in the sale of its majority shareholding

Morgan & Morgan acted as counsel to Hidrotenencias, S.A., in connection with the sale of 51.6% of all the issued and outstanding shares of the company. Hidrotenencias, S.A. is a holding company indirect sole owner of three hydroelectric projects with a total capacity of 30MW, located in the province of Chiriqui, Republic of Panama. From

HSBC Sells Latin American Assets to Colombian bank Banco Davivienda

Morgan & Morgan advised HSBC Group, regarding Panamanian laws, in the sale of its local operation to Colombian financial institution Banco Davivienda, in three Central American countries: El Salvador, Honduras and Costa Rica. The banking group has agreed to an $801million (£513million) deal with Colombia’s Banco Davivienda. The sale includes 29 branches in Costa Rica,

Tax in Panama (The Inward Investment and Taxation Review)

This article was first published in The Inward Investment and International Review, 2nd Edition, January 2012.  Reproduced with permission from Law Business Research Ltd. View full article (PDF)  

Morgan & Morgan advices in acquisition of Cardoze & Lindo, S.A.

On Friday, September 16, 2011, after more than three months of negotiations, a group of Ecuadorian investors acquired a significant share of the assets of Cardoze & Lindo, S.A., as well as its liabilities. The operation led to a change in the Panamanian distributor of the Caterpillar brand. Morgan & Morgan provided legal counsel in

Morgan & Morgan advises HSBC Bank (Panama) S.A. in a term loan facility in a aggregate amount equal to US$14,708,782.55 for the METROBUS project

Morgan & Morgan advised HSBC Bank (Panamá), S.A., with respect to the secured financing for the acquisition of real estate required for the construction of bus depots for the bus rapid transport system for Panama City called “Metrobus”. This financing was structured under a term loan facility in an aggregate amount equal to US$14,708,782.55, evidenced

Morgan & Morgan advises HSBC Bank (Panama) S.A. in a term loan facility in a aggregate amount equal to US$14,708,782.55 for the METROBUS project

Morgan & Morgan advised HSBC Bank (Panamá), S.A., with respect to the secured financing for the acquisition of real estate required for the construction of bus depots for the bus rapid transport system for Panama City called “Metrobus”. This financing was structured under a term loan facility in an aggregate amount equal to US$14,708,782.55, evidenced