Francisco Arias-es

Morgan & Morgan advised Grupo Aval in its acquisition of BBVA in Panama for an amount of up to US$646 million

Morgan & Morgan represented Leasing Bogotá, S.A. Panamá, a company of the Colombian largest banking conglomerate “Grupo Aval”, with respect to the acquisition of 98.92% of all the outstanding and issued shares of Banco Bilbao Vizcaya Argentaria (Panama), S.A., owned by Banco Bilbao Vizcaya Argentaria, S.A., and BBVA LuxInvest, S.A.. The closing of the transaction

Morgan & Morgan advised MMG Bank Corp. and Desarollos Hidroeléctricos, Corp. in a US$37 million syndicated loan for the development of the San Andrés hydroelectric project

Morgan & Morgan acted as counsel to MMG Bank Corporation, as lender and administrative agent, and Desarrollos Hidroeléctricos, Corp., as borrower, in connection with a US$37,000,000 syndicated loan for the development of the San Andrés hydroelectric project, located in the Province of Chiriquí, Republic of Panama, with an installed capacity of 10MW. This transaction involved

Morgan & Morgan advised MMG Bank Corp. and Desarollos Hidroeléctricos, Corp. in a US$37 million syndicated loan for the development of the San Andrés hydroelectric project

Morgan & Morgan acted as counsel to MMG Bank Corporation, as lender and administrative agent, and Desarrollos Hidroeléctricos, Corp., as borrower, in connection with a US$37,000,000 syndicated loan for the development of the San Andrés hydroelectric project, located in the Province of Chiriquí, Republic of Panama, with an installed capacity of 10MW. This transaction involved

Morgan & Morgan advised HSBC Bank (Panama), S.A., HSBC Bank USA, National Association and HSBC Investment Corporation (Panama), S.A., with respect to a loan in an aggregate principal amount of up to US$288 million

Morgan & Morgan advised HSBC Bank (Panama), S.A., HSBC Bank USA, National Association and HSBC Investment Corporation (Panama), S.A., in connection with a second amended and restated credit agreement (the “Credit Agreement”), executed as of April 18, 2013, by and among (i) Petroterminal de Panama, S.A., as borrower; (ii) HSBC Bank (Panama), S.A., and other

Morgan & Morgan advised HSBC Bank (Panama), S.A., HSBC Bank USA, National Association and HSBC Investment Corporation (Panama), S.A., with respect to a loan in an aggregate principal amount of up to US$288 million

Morgan & Morgan advised HSBC Bank (Panama), S.A., HSBC Bank USA, National Association and HSBC Investment Corporation (Panama), S.A., in connection with a second amended and restated credit agreement (the “Credit Agreement”), executed as of April 18, 2013, by and among (i) Petroterminal de Panama, S.A., as borrower; (ii) HSBC Bank (Panama), S.A., and other

Morgan & Morgan advised La Hipotecaria Bank, SA in relation to a securitization and public offering of mortgage loan bonds for an amount of up to US$ 45 million

La Hipotecaria Bank, SA, acting as trustee of the Eleventh Mortgage Loans Bonds Trust registered with the Superintendency of Securities of the Republic of Panama mortgage loan bonds in three series up to an amount of US $45,000,000.00, which were successfully placed through the Panama Stock Exchange, SA. The payments to the holders of such

Morgan & Morgan advised Construcciones Hospitalarias, S.A., an affiliate of FCC, in the financing for the construction of the Ciudad Hospitalaria project

Morgan & Morgan acted as counsel to Construcciones Hospitalarias, S.A., an affiliate of de Construcciones y Contratas, S.A. (FCC), as assignor, in a US$250 million Master Framework Assignment and Revolving Limited Recourse Receivables Agreement (the “Master Framework Agreement”) for HSBC Bank (Panama), S.A. (“HSBC”), which acted as assignee and administrative agent.  Other assignees besides HSBC

Morgan & Morgan advised Construcciones Hospitalarias, S.A., an affiliate of FCC, in the financing for the construction of the Ciudad Hospitalaria project

Morgan & Morgan acted as counsel to Construcciones Hospitalarias, S.A., an affiliate of de Construcciones y Contratas, S.A. (FCC), as assignor, in a US$250 million Master Framework Assignment and Revolving Limited Recourse Receivables Agreement (the “Master Framework Agreement”) for HSBC Bank (Panama), S.A. (“HSBC”), which acted as assignee and administrative agent.  Other assignees besides HSBC

Morgan & Morgan advises Hidrotenencias, S.A. in the sale of its majority shareholding

Morgan & Morgan acted as counsel to Hidrotenencias, S.A., in connection with the sale of 51.6% of all the issued and outstanding shares of the company. Hidrotenencias, S.A. is a holding company indirect sole owner of three hydroelectric projects with a total capacity of 30MW, located in the province of Chiriqui, Republic of Panama. From

Morgan & Morgan advises Hidrotenencias, S.A. in the sale of its majority shareholding

Morgan & Morgan acted as counsel to Hidrotenencias, S.A., in connection with the sale of 51.6% of all the issued and outstanding shares of the company. Hidrotenencias, S.A. is a holding company indirect sole owner of three hydroelectric projects with a total capacity of 30MW, located in the province of Chiriqui, Republic of Panama. From