Morgan & Morgan advised in a US$40 million bond issuance by Banco Latinoamericano de Comercio Exterior (Bladex)

Panama, September 14, 2020. Morgan & Morgan advised BofA Securities, Inc., Mizuho Securities USA LLC., and SMBC Nikko Securities America Inc., in an issuance by Banco Latinoamericano de Comercio Exterior (Bladex) of five-year term bonds for US$400,000,000.00 with a fixed coupon of 2.375%, under Rule 144A and Regulation S of the United States Securities Act

Alpha Credit © closes equity financing round led by SoftBank Latin America Fund

Panama, April 13, 2020. Morgan & Morgan advised Alpha Credit ©, a leading technology firm that provides financial services to segments underserved by traditional banking institutions, specialized in consumer lending and financing for small and medium enterprises (SMEs), in the process to complete an equity financing round for more than MXN$2.4 billion (approximately US$100 million),

Morgan & Morgan advised the shareholders of Unity Group in a corporate restructuring and subsequent sale of its business to Willis Europe B.V.

Panama, March 12, 2020. Morgan & Morgan advised  the shareholders of Unity Group, a holding company with subsidiaries engaged in insurance brokerage in Central America with operations in six countries (Panama, Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua), in a corporate restructuring and subsequent sale of its business to Willis Europe B.V., a company

A guide on Mergers and Acquisitions in Panama

Francisco Arias, Partner, Morgan & Morgan (head of M&A practice) Roberto Vidal, Partner, Morgan & Morgan Regulatory framework for foreign investment The Panamanian Constitution reserves “retail activities” for Panamanian nationals.  Various statutes have limited the application of the prohibition to activities that involve the sale of goods to consumers. By statute, the private sector (national

Morgan & Morgan advised in connection with a Senior Secured Convertible Securities Purchase Agreement for an amount of up to US$50 million

Panama, January 9, 2020. Morgan & Morgan acted as Panamanian counsel to Avianca Holdings, S.A., Latin Airways Corp., Taca, S.A., AV International Investments, S.A., AV International Holdings S.A.,  AV International Holdco S.A., AV International Ventures S.A., AV TACA International Holdco, S.A.,  and Aviacorp Enterprises, S.A., as Note Parties in connection with the transactions contemplated by

Morgan & Morgan featured in Market Intelligence-Shipping 2019

Panamá, October 29, 2019. Partners Jazmina Rovi and Francisco Linares contributed to the Panama chapter of Getting the Deal Through: Market Intelligence-Shipping 2019, a publication with an analysis of the evolution and the regulatory scenario of the maritime industry globally. To complete article can be read on the following link: Panama, Market Intelligence-Shipping.

Morgan & Morgan advised in the sale of a frozen desserts business in the Republic of Panama

Morgan & Morgan advised the sellers of a business engaged in the production, distribution and sale of ice pops, sorbets, ice cream and frozen desserts in the Republic of Panama. Partners Francisco Arias G. and Roberto Vidal, and associate Cristina De Roux, participated in this transaction.

Morgan & Morgan advised Grupo Mercantil in connection with the registration of 104,760,961 common shares of its Panamanian holding Mercantil Servicios Financieros Internacional, S.A.

Panama, August 27, 2019. Morgan & Morgan acted as counsel to Grupo Mercantil in connection with the registration of 104,760,961 common shares of its Panamanian holding Mercantil Servicios Financieros Internacional, S.A. with the Superintendency of Capital Markets of Panama for its negotiation in the secondary market, shares that have been also listed on the Panama

Morgan & Morgan advised Cirsa Enterprises S.L.U. in connection with the offering of senior secured notes for an amount of up to €490,000,000

Panama, August 26, 2019. Morgan & Morgan acted as counsel to Cirsa Enterprises S.L.U. in connection with the offering of €490,000,000 senior secured notes due 2025 with a floating interest rate of three-month EURIBOR (subject to a 0% floor) plus 362.5 basis points per year, reset quarterly, issued by Cirsa Finance International S.à.r.l., and to

Morgan & Morgan advised Cirsa Enterprises S.L.U. in connection with the offering of senior secured notes for an amount of up to €390,000,000

Panama, May 28, 2019.  Morgan & Morgan acted as counsel to Cirsa Enterprises S.L.U. in connection with the offering of €390,000,000 4.750% senior secured notes due 2025, issued by Cirsa Finance International S.à.r.l., and to be guaranteed by the Cirsa Enterprises S.L.U. and, among others, Gaming & Services de Panama, S.A. Cirsa is one of