Morgan & Morgan Legal advised Corporación Andina de Fomento in the listing and placement of a Series of Set-Up Fixed Rate Notes for an amount of up to US$200 million.

Panama, September 30, 2022. Morgan & Morgan Legal represented Corporación Andina de Fomento (CAF- Development Bank of Latin America) (the “Issuer”), in the listing and placement through the Latin American Stock Exchange (“Latinex”) of a Series of Step-Up Fixed Rate Notes for an aggregate of US$200,000,000 (the “Notes”), under the US$30,000,000,000 Medium Term Note Programme.

Morgan & Morgan Legal advised MMG Bank Corporation in connection with a financing to be granted in favor of Daconan Star Solar, S.A.

Panama, September 8, 2022. Morgan & Morgan Legal represented MMG Bank Corporation (“MMG Bank”), as lender, in a financing to be granted in favor of Daconan Star Solar, S.A. (“Daconan”), to be used for expansion, by 2.64 additional megawatts of the capacity of a photovoltaic project called “Daconan Solar”, with an installed capacity of 3.24

Morgan & Morgan Legal advised Cochez y Cía, S.A. in the registration of revolving corporate bonds for an amount of up to US$90 million.

Panama, September 7, 2022. Morgan & Morgan Legal represented Cochez y Cía., S.A. (the “Issuer”), in the registration of revolving corporate bonds for an aggregate of US$90,000,000, under the abbreviated registration process for recurring registered issuers with the Superintendency of Capital Markets of Panama, in order for the Issuer to publicly offer the bonds in

Morgan & Morgan Legal advised Cochez y Cía, S.A. in the registration of revolving commercial papers for an amount of up to US$10 million.

Panama, September 7, 2022. Morgan & Morgan Legal represented Cochez y Cía., S.A. (the “Issuer”), in the registration of revolving commercial papers for an aggregate of US$10,000,000, under the abbreviated registration process for recurring registered issuers with the Superintendency of Capital Markets of Panama, in order for the Issuer to publicly offer the bonds in

Morgan & Morgan Legal advised Mercantil Holding Financiero Internacional, S.A. (MHFI) in the execution of a promissory share purchase agreement for the acquisition of the majority stake in Capital Bank, Inc.

Panama, June 30, 2022. Morgan & Morgan Legal advised Mercantil Holding Financiero Internacional, S.A. (MHFI), a subsidiary of Grupo Mercantil, in relation to the execution of the Promissory Share Purchase Agreement (the “SPA”) dated June 29, 2022, by and among the shareholders of Capital Bank, Inc. (“Capital Bank”) as sellers (the “Sellers”), and MHFI, as a

Morgan & Morgan Legal advised Banco General, S.A., and Banistmo, S.A. in connection with the public offering and issuance by Fountain Hydro Power Corp. of corporate bonds for an amount of up to US$110 million.

Panama, March 31, 2022. Morgan & Morgan Legal advised Banco General, S.A., and Banistmo, S.A., as arrangers and underwriters in connection with the public offering and issuance by Fountain Hydro Power Corp. of corporate bonds for an amount of up to US$110 million registered with the Superintendency of Capital Markets of Panama and successfully placed

Morgan & Morgan Legal advised Seven Seas Water and a group of its subsidiaries, in a US$205 million financing, which would be used to refinance a US$163 million credit facility obtained by the company.

Panama, September 21, 2021. Morgan & Morgan Legal represented Seven Seas Water (“Seven Seas”) and a group of its subsidiaries, in a US$205,000,000.00 financing with Deutsche Bank AG and Investec Bank, PLC, as lenders, which would be used to refinance a credit facility obtained by Seven Seas in June 2020, for US$163,000,000.00. Seven Seas is

Morgan & Morgan achieved the highest number of rankings for Panama in Chambers Latin America.

Panama, September 3, 2021. Morgan & Morgan has achieved the highest number of rankings for Panama in Chambers Latin America Guide 2022, the key reference point of Latin American top law firms. The directory has assigned the firm twenty rankings in seven practice areas, the highest number for a Panamanian law firm. This year, the

Morgan & Morgan Legal advised Galores Group in the sale of its cold storage business to Emergent LatAm.

Panama, August 31, 2021. Morgan & Morgan Legal advised the shareholders of the companies Galores Refrigerados S.A., Galores Logística S.A., and Avner Perry Investments, S.A. (the “Galores Group”), in connection with the sale of Galores Group to Emergent Cold Latin America (“Emergent LatAm”), Latin America’s newest temperature-controlled warehousing and logistics provider. Galores Group is the

Morgan & Morgan Legal advised Banistmo, S.A., in connection with a US$4 million finance related to the solar photovoltaic power plant “Santiago Gen 1”.

Panama, July 6, 2021. Morgan & Morgan Legal advised Banistmo, S.A., with respect to a US$4million Project Finance to Solar Development Panamá, S.A., for the construction, operation, and maintenance of the solar photovoltaic power plant “Santiago Gen 1” with an installed capacity of 5MW located in the Township of El Barrero, District of Pese, Province