Morgan & Morgan advised Grupo Puente in obtaining its banking license in Panama
The Superintendence of Banks (SBP) of the Republic of Panama has issued a resolution by which it grants Puente Bank, S.A. an International Banking License to formally operate in the Republic of Panama. “Since the month of August, 2014, Morgan & Morgan, by request from the bank’s managements, formally started the legal and administrative processes
- Published in Banking Law, Eduardo Ferrer, expertise
Morgan & Morgan advised in the acquisition of a Panamanian manufacturing company
Morgan & Morgan acted as Panamanian counsel to an international investment group with respect to the acquisition of all the remaining shares of a local company engaged in the production, sale and distribution of different products, including vegetable oil, soaps, detergents, butter, among others. Partner Francisco Arias and associate Roberto Vidal, participated in this transaction.
- Published in expertise, Francisco Arias, Mergers & Acquisitios, Roberto Vidal
Morgan & Morgan advised in supermarket chain sale
Morgan & Morgan acted as Panamanian counsel to one of the largest supermarket chains in the country, with respect to the sale of a majority stake in their companies. Partner Francisco Arias and associates Roberto Vidal and Cristina De Roux, participated in this transaction.
- Published in Cristina De Roux, expertise, Mergers & Acquisitios, Roberto Vidal
Morgan & Morgan advised Thesan with respect to a US$11.5 million finance for the development and operation of solar energy project El Espinal
Morgan & Morgan acted as Panamanian counsel to Thesan with respect to a US$11.5 Million Dollars Project Finance facility granted by CIFI (Corporación Interamericana para el Financiamiento de Infraestructura, S.A.) for the development and operation of a solar photovoltaic power plant “El Espinal”, with an installed capacity of 8.5MW in the Republic of Panama. Partner
- Published in Ana Castillo, Banking Law, expertise, Projects, Ramon Varela
Morgan & Morgan advised General Electric in the worldwide sale of its water treatment and management business
Morgan & Morgan acted as Panamanian counsel to the US multinational company General Electric (GE), in connection with the worldwide sale of GE Water & Process Technologies, acquired by French company Suez and Canadian group Caisse de Dépot et Placement de Quebec. For this transaction, the firm was required to advise GE on legal matters
- Published in expertise, Mergers & Acquisitios, Roberto Vidal
Morgan & Morgan advised IAMSA in the sale of their shareholding stake in VivaColombia
Morgan & Morgan acted as Panamanian counsel to Mexican group IAMSA, in the sale of their shareholding stake in Colombian airline VivaColombia, by Irelandia Aviation. The firm was required to review the contracts based on Panamanian law and make the necessary corporate changes required to complete the operation. The deal involved attorneys from multiple jurisdictions
- Published in Carlos Ernesto Gonzalez, Escudero Yosela, expertise, Mergers & Acquisitios
Morgan & Morgan advises Banco La Hipotecaria, S.A. in a cross-border securitization of mortgage backed securities for an amount of up to US$45,000,000
Banco La Hipotecaria, S.A., acting as trustee of the Thirteenth Mortgage-Backed Notes Trust, registered Mortgage Loans Notes in three tranches for an amount of up to US$45,000,000 with the Superintendency of Capital Markets of Panama, which notes were successfully placed through the Panama Stock Exchange. Payments due to holders under the Mortgage Loan Notes are
- Published in 2016, expertise, Francisco Arias, Pablo Epifanio, Roberto Vidal, Securities and Capital Markets
Morgan & Morgan advised in connection with the sale of Protecsa
Morgan & Morgan represented the Chilean Group Marco Comercial e Industrial in the indirect sale of all shares issued and outstanding of the corporation Proveedora Tecnica, S.A. (Protecsa). Partner Francisco Arias and Associate Roberto Vidal, participated in this transaction.
- Published in expertise, Francisco Arias, Mergers & Acquisitios, Roberto Vidal
Morgan & Morgan advised an affiliate company of Grupo Provivienda in the purchase of a shareholding participation in Argos Panama, S.A.
Morgan & Morgan acted as Panamanian counsel to an affiliate of Grupo Provivienda in the purchase of 20% of the issued and outstanding shares of Argos Panamá, S.A., a Panama-based subsidiary of the Cementos Argos, a Colombia-based cement group that is the fifth largest in Latin America and second largest in the south east of
- Published in Cristina De Roux, expertise, Francisco Arias
Morgan & Morgan advised MMG Bank Corporation in the registration with the SMV of MMG Panama Allocation Fund, Inc. as an investment fund authorized to publicly offer up to 10,000,000 of its Ordinary Class B Shares
Morgan & Morgan provided legal counsel to MMG Panama Allocation Fund, Inc. (“MMG PAF”) in its constitution as a close-ended fund of funds. For said purpose, Morgan & Morgan provided advice to MMG PAF in registering with the Superintendence of the Securities Market of Panama (the Superintendencia del Mercado de Valores or “SMV”). The investment
- Published in Aristides Anguizola, expertise, Francisco Arias, Ricardo Arias