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Morgan & Morgan advised Mercantil Holding Financiero Internacional, S.A. in the acquisition of the remaining minority equity interest of Mercantil Capital, S.A. completing 100% ownership of Mercantil Banco, S.A.

Morgan & Morgan advised Mercantil Holding Financiero Internacional, S.A. (“MHFI”), in the acquisition of the remaining minority equity stake in Mercantil Capital, S.A. (“Mercantil Capital”), the holding company that owns 100% of the shares of Mercantil Banco, S.A. (“Mercantil Banco”). As a result of this transaction, MHFI consolidated full ownership of Mercantil Capital and, consequently,

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New developments regarding Panamanian entities and high net worth clients

Featured in the Chambers & Partners High Net Worth Guide 2026, this article examines key legal and regulatory developments impacting private wealth structures and high net worth individuals with interests in Panama. For decades Panama has served as a financial hub for Latin America. Flexible corporate vehicles, qualified fiduciary experience, a developed banking center and

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Morgan & Morgan’s Private Wealth Team Top Ranked in Chambers High Net Worth Guide 2026

For the eleventh consecutive year, Morgan & Morgan has been ranked Band 1 in Panama in the Private Wealth Law category of the Chambers High Net Worth Guide 2026. The guide is a leading publication for the international private wealth and estate planning market and serves as a key reference for identifying the world’s foremost

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Morgan & Morgan advised Avanzalia Panamá, S.A. on a secured bond issuance of up to US$100 million strengthening the financial structure of Penonomé I, Central America’s largest solar photovoltaic plant.

Morgan & Morgan advised Avanzalia Panamá, S.A. (“Avanzalia” or the “Issuer”) in connection with the registration before Panama’s Superintendencia del Mercado de Valores (“SMV”) of a US$100 million Corporate Bond Revolving Program and the successful placement of its US$90 million Senior Series A Bonds. The offering was authorized by SMV Resolution No. SMV-233-25 dated June

Alerta Migratoria

Elimination of the Stamped Visa Requirement for Nationals of the Dominican Republic

Executive Decree No. 12 of June 30th, 2026 repeals Executive Decree No. 716 of November 23th, 2015, which had included the Dominican Republic among the countries whose nationals were required to obtain a Stamped Visa to enter the national territory. Regulatory background: Executive Decree No. 716 of November 23, 2015, included the Dominican Republic among

Panama updates rules for international data transfers

The National Authority for Transparency and Access to Information (“ANTAI”) has issued Resolution No. ANTAI-DG-003-2026 dated March 26, 2026 (the “Resolution”), approving and implementing the use of the Ibero-American Data Protection Network (“RIPD”) Standard Contractual Clauses for international transfers of personal data. This initiative forms part of the ongoing development of the framework established by

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Economic Substance Rules for Foreign-Source Passive Income

Law 526, enacted on May 28, 2026, introduced a new chapter to the Tax Code establishing economic substance requirements applicable to certain foreign-source passive income. Its provisions will apply starting from the fiscal period 2027. In the Republic of Panama, under the territoriality principle, foreign-source passive income is not subject to any form of taxation.

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Global M&A Comparative Law Guide 2026

Morgan & Morgan contributed to the Global M&A Comparative Law Guide 2026, a publication produced by The Global Legal Post. The Panama chapter was authored by partners Francisco Arias and Roberto Vidal, and senior associate Mónica Moreno. The guide provides a clear, comparative analysis of the legal frameworks governing M&A transactions across key jurisdictions. Written by experienced

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Morgan & Morgan advised on one of the most significant capital markets transactions in the Central American and Caribbean energy sector

Morgan & Morgan acted as Panamanian legal counsel to Generadora de Gatún, S.A. (“Gatún”) in a landmark international bond issuance in an aggregate amount of US$1.05 billion, structured under Rule 144A / Regulation S. The issuance was registered with the Panamanian Superintendency of the Securities Market (Superintendencia del Mercado de Valores) and listed on the

Chambers & Partners 2026 Fintech Guide

Morgan & Morgan contributed to the Chambers & Partners Fintech Global Guide 2026. The Panama chapter was authored by partners Kharla Aizpurua O. and Roberto Vidal, senior associate Miguel Arias, and associate Eduardo Oteiza. In the Law and Practice section, the firm provides an overview of Panama’s fintech landscape, addressing the regulatory framework applicable to key business models