Morgan & Morgan provides legal advice to HSBC Leasing, S.A., regarding the registration of Revolving Notes for the amount of US$ 150,000,000.00

HSBC Leasing, S.A., a subsidiary of HSBC Bank (Panama), S.A., duly authorized by the Ministry of Commerce and Industry to provide financial services, registered Revolving Notes for the amount of U.S. $ 150,000,000.00 with the National Securities Commission of the Republic of Panama. HSBC Leasing, S.A. will issue said bonds periodically, in Series, and in

Morgan & Morgan advises Mapfre in a US$211 million insurance merger

Morgan & Morgan acted as Panamanian counsel to Mapfre in connection with a US$211 million insurance merger, in which Mapfre acquires 57 per cent of the shares of Aseguradora Mundial and Mundial Desarrollo de Negocio, subsidiaries from Grupo Mundial. This transaction makes Mapfre as Central America’s largest insurance company. The Firm assisted its client with

Morgan & Morgan represented AES Corporation in Changuinola I Hydroelectric Project

Morgan & Morgan continue to advise its client, AES CHANGUINOLA, S.A., an affiliate of Arlington, VA-based The AES Corporation, in the development of the Changuinola I Hydroelectric Project, located in the Province of Bocas del Toro. Currently, the Changuinola I Project is the largest infrastructure project under construction in Panama after the Panama Canal Expansion

Morgan & Morgan advise HSBC in the negotiation with the US$1.8 billion acquisition of Grupo Banistmo, S.A.

Morgan & Morgan have acted as Panamanian counsel for HSBC in its completed acquisition of up to 100% of the issued and outstanding common shares of Grupo Banistmo, S.A., a Panamanian bank holding company which owns investment banking, brokerage, insurance and other operations in Panama, Costa Rica, Colombia, El Salvador, Honduras, Nicaragua, Cayman Islands, Bahamas, Montserrat

Morgan & Morgan advise AES El Salvador in US$300 million bonds issuance

On February 14, 2006, global power company AES issued US$300 million worth of bonds in the international market, guaranteed by four electricity distribution companies it controls in El Salvador. This issuance was the first by a private company to be guaranteed in this way originating from Central America. It was also the first investment grade