Ship Finance and Registration_news
Panama, August 24, 2020.
Juan David Morgan Jr., partner and head of the Shipping and Admiralty Litigation practice of Morgan & Morgan, was part of the experts of the seventh edition of The Shipping Law Review. This publication highlights the leading jurisdictions and critical features of regulations concerning the handling of maritime disputes.
The online Panama chapter is available here.
Or a PDF version is available to download here.
Panama, April 27, 2020.
On April 23, during a ceremony presided by South Korean President Moon Jae-In, among other South Korean authorities, was officially launched the “HMM ALGECIRAS” – the world’s biggest containership.
The new vessel is registered under the flag of the Republic of Panama, and we are pleased to share that the Ship Finance and Registration team of Morgan & Morgan participated as local counsel in the financing for a total amount of over US$1.75 billion for the acquisition of said ship by the shipping company HMM Co., Ltd. (formerly Hyundai Merchant Marine Co., Ltd.) and eleven (11) other container vessels of the same dimensions. Morgan & Morgan is also responsible for the flagging and representation before the Panama Maritime Authority as Resident Agent of these ships.
“It is a great distinction for Panama to have been chosen as flag registry for these twelve (12) mega container vessels with a capacity of 23,000 TEUs and more. As a law firm, we are very proud to have participated as Panama counsel in this process, which is already a landmark in the history of the Merchant Marine of our country”, said Jazmina Rovi, partner at Morgan & Morgan and head of the Ship Finance and Registration Department.
The HMM ALGECIRAS now joins the fleet of 18 Panama-flagged vessels amongst the 24 largest in the world (according to IHS Markit) and will be employed to connect the trade route between Asia and northern Europe.
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:
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:
Mrs. Jazmina Rovi, partner of Morgan & Morgan, took office as new Chairman of the Board of Directors of the Panama Maritime Law Association (APADEMAR, for its acronym in Spanish) for the 2019-2020 term.
The election took place on March 28, 2019 at the National Bar Association of Panama where over 80% of the members of APADEMAR exercised their right to vote in support of the new Board of Directors.
Mrs. Rovi has over 20 years’ experience representing ship owners, charterers, leading financial institutions and funds on ship financing and registration under Panama flag including drafting and legal advice on enforcement of ship mortgages and pledge of shares of Panama ship owning companies. She has also been involved in the drafting of various Panama maritime legislations, and this is the third time she is elected to lead APADEMAR.
The new Board of Directors is comprised also by Pilar Castillo (Vice President), Alexis Herrera Jr. (Treasurer), Maria Lourdes Galan (Assistant Treasurer), Ramon Franco (Secretary) and Joaquin De Obarrio (Assistant Secretary).
In recent days, was held the seminar “The Maritime Arbitration in Panama CECOMAP, The New Alternative”, an event organized by the Center for Conciliation, Mediation and Maritime Arbitration of Panama (“Cecomap”) and the China Maritime Arbitration Commission (“CMAC”), with the collaboration of the Chamber of Commerce, Industries and Agriculture of Panama.
The activity covered important subjects for the Panamanian and international maritime sector, and in the same highlighted the exhibitions of Mr. Francisco Linares and Mr. Juan David Morgan, Jr., partners of the Maritime Services Unit of Morgan & Morgan.
The event also served as a framework for the signing of the mutual collaboration agreement for maritime arbitration between the Republic of Panama and the People’s Republic of China, to promote the use of arbitration and mediation in maritime contracts and exchange services between both countries.
Jazmina Rovi y Francisco Linares, partners of Morgan & Morgan, contributed to the Panama chapter of the second edition of Getting the Deal Through: Market Intelligence-Shipping, a publication that invites leading professionals in their jurisdictions to conduct a thorough analysis of the evolution and the regulatory scenario of the maritime industry globally.
Mrs. Rovi has over 20 years of experience representing ship owners, charterers and leading financial institutions on all types of registration schemes under Panama flag and ship finance structures including ship mortgages and pledge of shares of Panama ship owning companies. She is listed as a leading lawyer in the Shipping chapters of Chambers & Partners and Latin Lawyer 250.
Mr. Linares’ career includes over 20 years of experience in all aspects of maritime dispute resolution and claims at the Maritime Courts of Panama, dealing with collisions, cargo claims, oil spills and pollution, charter party disputes, personal injury, maritime liens, marine insurance claims, ship mortgage executions, among others. Currently, he is the President of the Maritime Law Association of Panama.
To read the Panama article, click on the following link: https://gettingthedealthrough.com/intelligence/155/article/5703/shipping-panama
Once again, Latin Lawyer 250 recommended Morgan & Morgan as the largest firm in Panama. “A large headcount and an established presence in the market gives Morgan & Morgan the manpower and experience required to guide some of Panama’s most significant transactions”, states the guide.
This 2018 edition looks at each jurisdiction firm by firm and presents a complete analysis of most recent developments, practices and leading professionals field by field.
Partners Juan David Morgan Jr., Francisco Linares, Enrique De Alba, Jazmina Rovi, Inocencio Galindo, Francisco Arias, Ramon Varela, Roberto Lewis, Raul Castro, Ricardo Aleman, Albalira Montufar, Maria Teresa Mendoza, Mercedes Arauz de Grimaldo, Enrique Jimenez and Jose Carrizo, received mentions as key players.
Dr. Francisco Linares, partner of Morgan & Morgan, took office as Chairman of the Board of Directors of the Panamanian Maritime Law Association for the 2017-2018 term.
The act took place last May 5 at the Museum of the Interoceanic Canal in Panama City, with the presence of personalities and professionals of the legal and maritime industries.
The new Board is comprised also by Maria Lourdes Galan (Vice President), Ramon Franco (Secretary), Pilar Castillo (Assistant Secretary), Giovanna Avendaño (Treasurer), Alexis Herrera Assistant Treasurer), and Belisario Porras (Director).
In his first speech as Chairman, Dr. Linares confirmed his commitment to representing the interest of all participants in the industry before government authorities, and to introducing initiatives that will contribute to strengthen Panama’s position as a main center of world maritime trade.
Dr. Linares is a lawyer with almost 20 years of experience in all aspects of maritime dispute resolution and claims at the Maritime Courts of Panama. Presently, he is a member of the Panamanian Maritime Law Association, the National Bar Association, and the Iberoamerican Maritime Law Institute.