Morgan & Morgan advises HSBC Bank plc, HSBC Bank (Panama) S.A., Caja de Ahorros and Banco Nacional respect a syndicated secured financing of US$259,836,370 for METROBUS project
Morgan & Morgan acted as a counsel for HSBC Bank plc, HSBC Bank (Panamá), S.A., Caja de Ahorros and Banco Nacional de Panamá, with respect to the syndicated secured financing for a bus rapid transport system for Panama City called “Metrobus”. This financing was structured under two credit facilities: (i) a term loan facility in
- Published in expertise, Francisco Arias, Inocencio Galindo, Kharla Aizpurua, Ramon Varela, Ricardo Arias, Roberto Vidal
Morgan & Morgan advised Inmet in a financing operation with Asian investor Temasek
Morgan & Morgan advised Inmet Mining Corporation (Inmet) in connection with Panamanian legal aspects related with the Temasek´s US$1 Billion investment in the project Cobre Panama, a US$6.18 Billion copper mining project. Temasek Holdings is an investment company owned by the government of Singapore and it is an active shareholder and investor in financial services,
- Published in Aristides Anguizola, expertise, Inocencio Galindo, Mining
Morgan & Morgan wins another Trademark Opposition in Belize
Intellectual Property law continues to develop progressively as the Belize Intellectual Property Office has issued its latest opposition ruling in the matter of British American Tobacco (Brands) Limited v. Philip Morris Products S.A.(Application No. 5754.08). This matter dealt with an opposition lodged by British American Tobacco against a trademark application filed by Philip Morris on
- Published in Intellectual Property_news, Rishi Mungal
Morgan & Morgan advises Cirsa and Deutsche Bank in senior notes issue for €280,000,000
Morgan & Morgan represented Cirsa Gaming Corporation S.A. and Deutsche Bank AG, London Branch in the offering of €280,000,000 aggregate principal amount of 8.750% senior notes due 2018 through the direct wholly-owned finance subsidiary, Cirsa Funding Luxembourg S,A. The notes are listed in the Luxembourg Stock Exchange for trading on the Euro MTF Market. The
Morgan & Morgan provided legal advise to Panama Ports Company, S.A (a subsidiary of Hutchison Port Holdings) and HSBC to implement a Sale and Lease Back for an amount up to US$260,000,000.00
With legal basis in local Panama laws, Panama Ports Company, S.A, as Seller and Lessee and Far East Leasing, as trustee of the FEPC Leasing Trust, as Buyer and Lessor, for the benefit of an indirect lessor affiliated with the Hong Kong and Shanghai Banking Corporation Limited, entered into an Agreement for the Purchase and
- Published in Enrique Jimenez, expertise, Inocencio Galindo, Kharla Aizpurua, Ramon Varela, Roberto Vidal
Morgan & Morgan represented Electron Investment, S.A., in the US$180 million syndicated secured financing for Pando and Monte Lirio
Two new hydroelectric power plants being developed in the Province of Chiriquí, Panama, with an aggregate capacity of 85 MW.
- Published in Energy, Ramon Varela
Morgan & Morgan provides legal counsel to Banco La Hipotecaria, S.A. in cross-border securitization of mortgage loans and public offer of mortgage bonds for an amount of up to US$100,000,000.00
Banco La Hipotecaria, S.A., in its capacity as trustee of the Tenth Mortgage Loan Notes Trust, registered before the National Securities Commission of the Republic of Panama mortgage loan notes in two series, knowingly, Series A Notes and Series B Notes for an amount of up to US$100,000,000.00, which were placed successfully through the Panama
- Published in Francisco Arias, Ricardo Arias, Roberto Vidal, Securities and Capital Markets
Morgan & Morgan provides legal advice to HSBC Leasing, S.A., regarding the registration of Revolving Notes for the amount of US$ 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
- Published in Francisco Arias, Inocencio Galindo, Ricardo Arias, Securities and Capital Markets
Morgan & Morgan assisted Uni Bank & Trust, Inc. in obtaining its banking and trust licenses in Panama
The Superintendency of Banks (SBP) of the Republic of Panama issued a resolution granting Uni Bank & Trust, Inc. a General Banking and Trust License to formally operate in the Republic of Panama. Since February 22, 2010, the team of Morgan & Morgan, represented by its partner Eduardo Ferrer, and by request of the Bank’s
- Published in Banking Law, Eduardo Ferrer
Morgan & Morgan advises Cirsa and Deutsche Bank in €400,000,000 transaction
Morgan & Morgan represented Cirsa Gaming Corporation S.A. and Deutsche Bank AG, London Branch in the offering of €400,000,000 aggregate principal amount of 8.750% senior notes due 2018 through the direct wholly-owned finance subsidiary, Cirsa Funding Luxembourg S,A. Application will be made to list the notes on the official list of the Luxembourg Stock Exchange