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.
- Published in Banking Law, expertise, Francisco Arias, Kharla Aizpurua, Pablo Epifanio
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
- Published in Banking Law, Eduardo Ferrer, expertise
Morgan & Morgan advised Thesan with respect to a US$11.5 million finance for the development and operation of solar energy project El Espinal
Morgan & Morgan acted as Panamanian counsel to Thesan with respect to a US$11.5 Million Dollars Project Finance facility granted by CIFI (Corporación Interamericana para el Financiamiento de Infraestructura, S.A.) for the development and operation of a solar photovoltaic power plant “El Espinal”, with an installed capacity of 8.5MW in the Republic of Panama. Partner
- Published in Ana Castillo, Banking Law, expertise, Projects, Ramon Varela
Morgan & Morgan advised Wells Fargo Bank, National Association and The Prudential Insurance Company of America in a US$250 million securitization of DPRs
Morgan & Morgan advised Wells Fargo Bank, National Association and The Prudential Insurance Company of America, in their role as lenders and investors in new loans and notes for an aggregate amount of US$250,000,000.00, which are guaranteed by a diversified payment rights program established by Banco General, S.A., comprising of the securitization of future funds
- Published in Banking Law, expertise, Ramon Varela, Ricardo Arias, Roberto Vidal, Securities and Capital Markets
Morgan & Morgan advised OeEB, FMO and Proparco in connection with a Loan Agreement for an amount of up to US$45 million
Morgan & Morgan acted as Panamanian counsel to Oesterreichische Entwicklungsbank AG (OeEB), Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO) and Societe de Promotion et de Participation pour la Cooperation Economique (Proparco), in connection with a US$45,000,000.00 credit facility granted by said financial institutions to Corporación Interamericana para el Financiamiento de Infraestructura, S.A. (CIFI). Partner Inocencio Galindo
- Published in Banking Law, expertise, Inocencio Galindo, Projects, Roberto Vidal
Morgan & Morgan advised Balboa Bank & Trust Corp. as arranger in the public offering by Latin American Kraft Investment Inc. of 25,000 Preferred Stocks, for an amount up to US$25 Million
Morgan & Morgan advised Balboa Bank & Trust, Corp., as arranger in the public offering of 25,000 Preferred Stocks by Latin American Kraft Investment Inc. (“LAKI”), a multinational company with important presence in Central and North America, and a leader in the packaging industry. In such public offering Morgan & Morgan also advised Balboa Securities
- Published in Banking Law, expertise, Francisco Arias, Pablo Epifanio, Ricardo Arias, Securities and Capital Markets
Morgan & Morgan advised Panama Ports Company, S.A. in the sale of Rubber Tyred Gantry Cranes to Infraestructura Portuaria Mexicana, S.A. de C.V.
Morgan & Morgan advised Panama Ports Company, S.A. (PPC), as seller, in the sale of certain Rubber Tyred Gantry Cranes to Infraestructura Portuaria Mexicana, S.A. de C.V. (IPM), as purchaser. The cranes were part of an inventory of equipment owned by PPC not necessary for the operation of PPC in the Ports of Balboa and
- Published in Banking Law, Enrique De Alba, Enrique Jimenez, expertise, Roberto Vidal
Morgan & Morgan advised Union Bank N.A., Corpbanca New York Branch and BICSA in connection with a Credit Agreement for an amount of up to US$30 million
Morgan & Morgan acted as Panamanian counsel to Union Bank N.A., Corpbanca New York Branch and Banco Internacional de Costa Rica, S.A. (BICSA), Miami Agency, in connection with a Credit Agreement for an amount of up to US$30 million, by and among Corporación Interamericana para el Financiamiento de Infraestructura, S.A. (CIFI). Partner Inocencio Galindo and
- Published in Banking Law, Inocencio Galindo, Roberto Vidal
Morgan & Morgan advised the International Finance Corporation (IFC) in connection with a Master Participation Agreement for an amount of up to US$175 million
Morgan & Morgan acted as Panamanian counsel to the International Finance Corporation (IFC) in connection with a Master Participation Agreement for the amount of up to US$175 million, by and among Banco Latinoamericano de Comercio Exterior, S.A. (Bladex), as grantor, International Finance Corporation (IFC), as global agent for the Participants, and the institutions listed in
- Published in Banking Law, Inocencio Galindo, Roberto Vidal
Morgan & Morgan advised Banco La Hipotecaria, S.A. in a cross-border securitization and public offering of mortgage loan notes for an amount of up to US$75,000,000.00
Banco La Hipotecaria, S.A., in its capacity as trustee of the Twelfth Mortgage Loan Notes Trust, registered with the Superintendency of Capital Markets of the Republic of Panama mortgage loan notes in three series, knowingly, Series A, Series B and Series C Notes, for an amount of up to US$75,000,000.00, which were successfully placed through