New requirements for admission as a tourist to the Republic of Panama

Resolution No. 22068 of September 1, 2021, published in the Official Gazette on September 3, 2021 (hereinafter “The Resolution”), establishes the requirements for entering the country as a tourist. RELEVANT MEASURES: The most relevant measures included in the Resolution are: Foreign persons who occasionally enter the national territory without the intention of establishing residence in

Morgan & Morgan achieved the highest number of rankings for Panama in Chambers Latin America.

Panama, September 3, 2021. Morgan & Morgan has achieved the highest number of rankings for Panama in Chambers Latin America Guide 2022, the key reference point of Latin American top law firms. The directory has assigned the firm twenty rankings in seven practice areas, the highest number for a Panamanian law firm. This year, the

New measures for the entry to country of nationals, residents, or foreign travelers

The Ministry of Health (hereinafter, MINSA) through Executive Decree No. 833 of August 30th, 2021 (hereinafter the “Decree”), modifies the measures for the entry of nationals, residents or foreigners while the State of National Emergency lasts, namely: NEW RULES FROM AUGUST 30th, 2021: Preventive Quarantine: Any traveler who enters the national territory by air, land or sea,

Morgan & Morgan advised Banistmo S.A., as facilities agent and administrative agent, in a multimillionaire financing agreement related to Line 3 of Panama´s City Metro System, one of the largest public infrastructure projects in Panama.

Panama, August 31, 2021. Morgan & Morgan acted as Panamanian counsel to Banistmo S.A. in its role as agent of the three facility agreements. Additionally, Morgan & Morgan Legal acted as Panamanian counsel to Banistmo S.A., in its role as administrative agent of the Purchase Agreement of “Certificados de No Objeción”. Transactions related to the

Morgan & Morgan advised Avianca Holdings, S.A. and its subsidiaries, in connection with a US$ 1.5 billion DIP-to-exit facility which would secure the company’s exit financing from its Chapter 11 reorganization proceeding under the U.S. Bankruptcy Code.

Panama, August 27, 2021. Morgan & Morgan acted as Panamanian counsel to Avianca Holdings, S.A., as Debtor; and certain of its subsidiaries, as Guarantors, in connection with a DIP-to-exit facility used to repay Tranche A of US$ approximately 1,430,000,000.00, under a certain debtor-in-possession agreement executed on October, 2020, and its replacement with a new Tranche

The National Bar Association of Panama awarded Albalira Montufar with the Secundino Torres Gudiño medal

Panamá, August 23, 2021. We are glad to announce that our partner Albalira Montufar was awarded by the National Bar Association of Panama, with the Secundino Torres Gudiño medal, a distinction for young legal professionals with more than ten (10) years in the legal profession, who stand out for their performance in studies, and for participating in

Mayte Sanchez Gonzalez included in the List of Arbitrators of the Center for Arbitration and Conciliation of Panama (CeCAP)

Panama, August 17, 2021. The Center for Arbitration and Conciliation of Panama (CeCAP) approved Ms. Mayte Sanchez Gonzalez, senior associate of Morgan & Morgan Legal, on the list of authorized Arbitrators to act in arbitration, conciliation, and mediation processes carried out by this Institution for the period August 2021-August 2023.   Ms. Sanchez Gonzalez works in

Morgan & Morgan top-ranked on IFLR1000’s 31st edition

Panama, August 16, 2021.  International Financial Law Review (IFLR1000) released Panama’s rankings on Project Development, Banking and Finance, and Capital Markets (Debt and Equity), representing IFLR1000’s 31st edition (2021/22). Morgan & Morgan once again has been ranked as a Top Tier law firm in the three categories. Congratulations to our Corporate Law Team for this recognition which demonstrated Morgan

The Arbitration Review of the Americas 2022

Panama, August 12, 2021. Jose Carrizo, head of the Litigation and Dispute Resolution practice of the firm, contributed with the Panama chapter of The Arbitration Review of the Americas 2022, providing an overview of the regime for general arbitration, conciliation, and mediation in Panama. The publication covers Argentina, Bolivia, Canada, Ecuador, Mexico, Panama, Peru, and

Morgan & Morgan achieves top ranking in the Chambers High Net Worth Guide 2021

Morgan & Morgan is pleased to announce that, for the sixth consecutive year, the firm´s Private Wealth Law practice group earned a top ranking (Band 1) in the 2021 Chambers Hight Net Worth Guide, a prestigious publication aimed at the international private wealth market and a key reference point of the world´s leading firms in