The World of Turnkey Contracts, Partial Payment Accounts and Certificates of No Objection

January 13, 2020 For a long time, we have heard in different social media, for various reasons, some more positive than others, information related to Turnkey Contracts and the State indebtedness resulting from the Partial Payment Accounts (in Spanish, “Cuentas de Pago Parcial”) and Certificates of No Objection (in Spanish, “Certificados de No Objeción”). Do

Morgan & Morgan lawyers and practices recognized in The Legal 500 – Latin America guide

Panama, December 16, 2019. Morgan & Morgan repeated as a leading Panamanian firm in The Legal 500 – Latin America Guide. Banking and Finance, Corporate and M&A, Dispute Resolution, Intellectual Property, Offshore and Shipping earned the top-tier rankings. In addition, five lawyers of the firm received recommendations: Francisco Arias / “Leading Individual” Jazmina Rovi /

Panama: New Law on Protection of Personal Data

With the enactment of Law No. 81 on Protection of Personal Data, the Republic of Panama aims to establish the principles, rights, obligations and procedures that regulate the protection of personal data, also considering their interrelation with private life and other rights and fundamental freedoms of citizens, by natural or legal persons, public or private

Morgan & Morgan promotes new partners

Panama, January 5, 2019. Morgan & Morgan is pleased to announce the promotion of attorneys Roberto Vidal, Kharla Aizpurua Olmos and Luis Raven to the partnership of the firm. Mr. Vidal has over 10 years of experience advising domestic and foreign clients in complex transactions related to mergers and acquisitions, project finance, finance, securities regulation,

Morgan & Morgan advised Banco La Hipotecaria, S.A. in the structuring of its first covered bond program

Morgan & Morgan advised Banco La Hipotecaria, S.A. (BLH) in the structuring of its first covered bond program from which BLH may issue covered bonds pursuant to Rule 144A and Regulation S of the Securities Act of 1933 in series, from time to time, up to a maximum aggregate nominal amount of US$200,000,000. The issuer

Kharla Aizpurua Olmos, member of the boards of foundations WIP Panama and Dona Felicidad

Panama, July 31, 2018. For the second consecutive year, Ms. Kharla Aizpurua Olmos, Senior Associate of Morgan & Morgan, has been appointed as member of the Board of Directors of Fundacion WIP Panama. She has also been designated as member of the Board of Directors of Fundacion Dona Felicidad. WIP Panama is an organization established

Morgan & Morgan advised Banistmo Investment Corporation with respect to the financing of the first LNG terminal in Panama

Morgan & Morgan advised Banistmo Investment Corporation, S.A. as holder of local collateral of several energy projects and the most recent being the Gas Natural Atlantico, S. de R.L. and Costa Norte LNG Terminal S. de R.L. LNG project locate in the province of Colon, Panama, which is an  approximately US$600 million financing. This is

Morgan & Morgan advised Banco General, S.A. and Banistmo, S.A. in the structuring of an issuance of corporate bonds for an amount of up to US$320,000,000 carried out by Alternegy, S.A.

Morgan & Morgan advised Banco General, S.A. and Banistmo, S.A. in the structuring of an issuance of corporate bonds for an amount of up to US$320,000,000 carried out by Alternegy, S.A. The bonds were issued by Alternegy, and Banco General and Banistmo acted as joint arrangers and underwriters of the bonds. The bonds were registered

Morgan & Morgan advised HSBC Bank (Panama), S.A. in Master Assignment Agreement for an amount of up to US$35 million

Morgan & Morgan advised HSBC Bank (Panama), S.A. as assignee and administrative agent as well as local collection agent, in a Master Assignment Agreement for an amount of up to US$ 35,000,000.00 of certain credit rights of Constructora Meco, S.A., as assignor. Constructora Meco, S.A. assigned under master and ancillary assignment documents, all its collection

Morgan & Morgan advised Grupo CAABSA in connection with the asset purchase acquisition of Soho Mall

Morgan & Morgan acted as local counsel to Grupo CAABSA, in connection with the asset purchase acquisition of Soho Mall, by a consortium group comprised of Mexican companies, i.e. by Grupo CAABSA and Grupo Citelis.  Grupo CAABSA is a Mexican business group, which is the operator of one of the main shopping centers in Mexico.