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 objective of MMG PAF is capital appreciation by acquiring a diversified portfolio of assets comprised of fixed-income, variable-income and alternative instruments derived from operations in Panama.  MMG PAF was authorized by the SMV to publicly offer up to 10,000,000 of its Ordinary Class B Shares at an initial offering price of US$10.00.

MMG Bank Corporation acted as Arranger, Payment and Transfer Agent, Custodian and Placement Agent of MMG PAF and MMG Asset Management Corp. was appointed as Investment Manager of MMG PAF. Morgan & Morgan worked closely with MMG Bank Corporation and MMG Asset Management in the process of registering MMG PAF with the SMV and in the definition of the final terms and conditions of its Ordinary Class B Shares.

Partner Francisco Arias, and associates Ricardo Arias A. and Aristides Anguizola, participated in this transaction.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 objective of MMG PAF is capital appreciation by acquiring a diversified portfolio of assets comprised of fixed-income, variable-income and alternative instruments derived from operations in Panama.  MMG PAF was authorized by the SMV to publicly offer up to 10,000,000 of its Ordinary Class B Shares at an initial offering price of US$10.00.

MMG Bank Corporation acted as Arranger, Payment and Transfer Agent, Custodian and Placement Agent of MMG PAF and MMG Asset Management Corp. was appointed as Investment Manager of MMG PAF. Morgan & Morgan worked closely with MMG Bank Corporation and MMG Asset Management in the process of registering MMG PAF with the SMV and in the definition of the final terms and conditions of its Ordinary Class B Shares.

Partner Francisco Arias, and associates Ricardo Arias A. and Aristides Anguizola, participated in this transaction.