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Morgan & Morgan advised Ithaca Capital Partners in a US$40 million registration of a revolving program of senior secured bonds.

Panama, December 1, 2023. Morgan & Morgan advised the Ithaca Trust in the registration of a revolving program of senior secured bonds (the “2023 Bonds”) for an amount of up to US$40,000,000 with the Superintendency of Capital Markets of Panama (the “SCM”) and their listing with the Latin American Stock Exchange (“Latinex”). The first three

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Morgan & Morgan advised Francisco Marroquin University in the registration of a US$100 million revolving program of corporate bonds.

Panama, November 13, 2023. Morgan & Morgan advised the UFM in the registration of a revolving program of corporate bonds (the “Bonds”) for an amount of up to US$100,000,000 with the Superintendency of Capital Markets of Panama (the “SCM”) and their listing with the Latin American Stock Exchange (“Latinex”). The Bonds may be issued in

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Morgan & Morgan advised Rhenus in connection with the acquisition of certain Panamanian subsidiaries of BLU Logistics.

Panama, October 2, 2023. Morgan & Morgan advised Rhenus, a leading global logistics specialist, in connection with the acquisition of certain Panamanian subsidiaries of BLU Logistics, a leading Latin American freight forwarder present in Argentina, Colombia, Ecuador, Mexico, Paraguay, and Uruguay, as well as in Mainland China and Hong Kong.  The firm served as local counsel

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Morgan & Morgan outstands in The Legal 500 Latin America 2024.

Panama, October 25, 2023. With 30 attorneys and eleven ranked practices, Morgan & Morgan heads the Panama chapter of The Legal 500 Latin America 2024 edition. In addition, nine practice areas receive the top Tier 1 ranking in the publication. Recommended individuals: Alejandro Chevalier: Dispute Resolution. Allen Candanedo: Intellectual Property. Ana Carolina Castillo: Projects and Energy. Andres V.

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Leaders League Rankings 2024: Corporate/M&A, Corporate Tax

Panama, October 20, 2023. Leaders League published its 2024 ranking for Corporate/M&A and Corporate Tax in Panama, and Morgan & Morgan ranks among the best law firms in the country in these practice areas as follows: Corporate/M&A: Leading firm. Corporate Tax: Excellent firm. Likewise, partners Francisco Arias, Inocencio Galindo, Carlos E. González R., Roberto Vidal, Ana Carolina Castillo, Aristides Anguizola y José

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The Ministry of Labor and Labor Development sets the cost for Work Permit ID cards

The Ministry of Labor and Labor Development (MITRADEL), through Ministerial Resolution No. DM-337-2023 dated September 15, 2023, established the new costs for the issuance of work permit ID cards for foreigner workers. These new costs were set due to the implementation of the new digitization system. Some costs remained the same; however, others were increased.

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Law 401 establishes an annual franchise tax rate savings opportunity for Corporations and Private Interest Foundations.

The National Assembly of Deputies of the Republic of Panama issued Law No. 401 of October 5th, 2023 (published in Official Gazette No. 25998) through which discounts of 25% are granted for prompt payment to owners of corporations and private interest foundations that advance the payment of the Annual Franchise Tax for year 2024 before

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Morgan & Morgan receives top rankings in IFLR1000 2023.

Panama, October 3, 2023. Once again, Morgan & Morgan consolidates its position as a leading law firm in Panama in the 2023 IFLR1000 rankings for firms and lawyer ratings for Latin America. Firm´s rankings Banking and Finance: Tier 2 Capital Markets (Debt & Equity): Active M&A: Tier 2 Project Development: Tier 1 Individual ratings Francisco

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Latin Lawyer 250, 2024: Highly Recommended

Panama, September 22, 2023.  Once again, Latin Lawyer 250, 2024 edition, recommended Morgan & Morgan in the areas of Banking and Finance and Corporate and M&A. Banking and Finance “Morgan & Morgan´s banking and finance department frequently represents lenders during project finance deals, credit facilities and refinancing transactions. This practice group also includes capital markets

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BVI Financial Annual Return

The Legislation The amendments to the British Virgin Islands (“BVI”) Business Companies Act (the “BC Act”) and BVI Business Companies Regulations (the “Regulations”) were published by the BVI government and entered into force on 1 January 2023. In this article we analyze a major change, which is relevant to the accounting requisite of BVI International