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

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

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.

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

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

Morgan & Morgan advised MMG Bank Corporation in the registration with the SMV of MMG Global Allocation Fund, Inc. as an investment fund authorized to publicly offer up to 20,000,000 of its Ordinary Class B Shares

Morgan & Morgan provided legal counsel to MMG Global Allocation Fund, Inc. (“MMG GAF”) in its constitution as a close-ended fund of funds. For said purpose, Morgan & Morgan provided advice to MMG GAF in registering with the Superintendence of the Securities Market of Panama (the Superintendencia del Mercado de Valores or “SMV”).  The investment

Morgan & Morgan advised Thesan with respect to the acquisition of PSZ1, S.A.

Morgan & Morgan acted as Panamanian counsel to Thesan with respect to the acquisition of PSZ1, S.A., a Panamanian company with a generation license issued by the National Authority of Public Services of Panama, for the development, construction and operation of the solar photovoltaic power plant “El Espinal”, with an installed capacity of 8.5MW in

Morgan & Morgan advised CM Realty, S.A. in the process of registering as a REIT before the Superintendence of the Securities Market of Panama and in the placement of its Ordinary Class B Shares through the Panama Stock Exchange, S.A.

Morgan & Morgan provided legal counsel to CM Realty, S.A. (“CM Realty”) in its constitution as a Sociedad de Inversión Inmobiliaria (the Panamanian equivalent of a Real Estate Investment Trust or REIT) in compliance with the requirements to enjoy the special tax regime set forth in paragraph 2 of article 706 of Panama’s Tax Code.

Morgan & Morgan advised Wells Fargo Bank, National Association and The Prudential Insurance Company of America in a US$250 million securitization of DPRs

Morgan & Morgan advised Wells Fargo Bank, National Association and The Prudential Insurance Company of America, in their role as lenders and investors in new loans and notes for an aggregate amount of US$250,000,000.00, which are guaranteed by a diversified payment rights program established by Banco General, S.A., comprising of the securitization of future funds

Morgan & Morgan advised Cirsa Gaming Corporation, S.A. and Deutsche Bank AG in the offering of senior notes for an amount of up to €450,000,000

Morgan & Morgan acted as counsel to Cirsa Gaming Corporation, S.A. (Cirsa) and Deutsche Bank AG, London Branch, in connection with the offering of €450,000,000 aggregate principal amount of 5.750% senior notes due 2021, issued by Cirsa Funding Luxembourg, S.A. and to be guaranteed by Cirsa and, among others, Gaming & Services de Panamá, S.A.