{"id":24458,"date":"2017-09-13T21:32:28","date_gmt":"2017-09-13T21:32:28","guid":{"rendered":"https:\/\/morimor.com\/morgan-morgan-advise-in-us647-million-acquisition-of-toll-road-concession\/"},"modified":"2017-09-13T21:32:28","modified_gmt":"2017-09-13T21:32:28","slug":"morgan-morgan-advise-in-us647-million-acquisition-of-toll-road-concession","status":"publish","type":"post","link":"https:\/\/morimor.com\/es\/morgan-morgan-advise-in-us647-million-acquisition-of-toll-road-concession\/","title":{"rendered":"Morgan & Morgan advised the Panamanian Government in US$647 million acquisition of toll road concession"},"content":{"rendered":"

<\/p>\n

Panamanian law firm Morgan & Morgan represented the Ministry of Economy and Finance, Empresa Nacional de Autopista, S.A. (ENA), and ENA Norte, S.A. (an affiliate of ENA), in the acquisition of the Corredor Norte, a toll road concession in the Republic of Panama.\u00a0 The firm\u2019s advice and participation consisted of, among others, the creation of a special purpose vehicle, subsequently capitalized by Pycsa Panam\u00e1, S.A. (the original Concession holder) by transferring the Concession and its related assets; structuring the different components of the operation; drafting and reviewing the required documents and agreements; and procuring regulatory approvals and opinions required in order to complete the US$647 million transaction.<\/p>\n

The shares of the new Concession holder (the special purpose vehicle) were transferred to a trust, which \u2013 upon dissolution of said special purpose vehicle \u2013 will acquire and sell the Concession to ENA Norte, S.A.<\/p>\n

From Morgan & Morgan, partners Inocencio Galindo and Ramon Varela, and associates Roberto Vidal, Gilbert Mallol, and Ana Cristina Castrellon, assumed the principal responsibility in this matter.<\/p>\n

<\/p>\n

La firma paname\u00f1a de abogados Morgan & Morgan represent\u00f3 al Ministerio de Econom\u00eda y Finanzas, Empresa Nacional de Autopista, S.A. (ENA) y ENA Norte, S.A. (filial de ENA), en la adquisici\u00f3n del Corredor Norte, una carretera de peaje en la Rep\u00fablica de Panam\u00e1.<\/p>\n

La asesor\u00eda y participaci\u00f3n de la firma consisti\u00f3, entre otras cosas, en la creaci\u00f3n de un veh\u00edculo de prop\u00f3sito especial, posteriormente capitalizado por Pycsa Panam\u00e1, S.A. (la Sociedad concesionaria original) mediante la transferencia de la Concesi\u00f3n y los activos relacionados, la estructuraci\u00f3n de los diferentes componentes de la operaci\u00f3n, la redacci\u00f3n y la revisi\u00f3n de los documentos requeridos y acuerdos, y la adquisici\u00f3n de las aprobaciones regulatorias y opiniones legales previstas para completar la transacci\u00f3n valorada en EE.UU. $647 millones.<\/p>\n

Las acciones de la nueva Sociedad concesionaria (el veh\u00edculo especial) fueron transferidas a un fideicomiso, que – tras la disoluci\u00f3n de dicho veh\u00edculo especial- adquirir\u00e1 y vender\u00e1 la concesi\u00f3n a ENA Norte, S.A.<\/p>\n

De Morgan & Morgan, los socios Inocencio Galindo y Ram\u00f3n Varela, y los asociados Roberto Vidal, Mallol Gilbert y Ana Cristina Castrell\u00f3n, asumieron la responsabilidad principal en este asunto.<\/p>\n","protected":false},"excerpt":{"rendered":"

Panamanian law firm Morgan & Morgan represented the Ministry of Economy and Finance, Empresa Nacional de Autopista, S.A. (ENA), and ENA Norte, S.A. (an affiliate of ENA), in the acquisition of the Corredor Norte, a toll road concession in the Republic of Panama.\u00a0 The firm\u2019s advice and participation consisted of, among others, the creation of<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[449,450,420],"tags":[],"_links":{"self":[{"href":"https:\/\/morimor.com\/es\/wp-json\/wp\/v2\/posts\/24458"}],"collection":[{"href":"https:\/\/morimor.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/morimor.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/morimor.com\/es\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/morimor.com\/es\/wp-json\/wp\/v2\/comments?post=24458"}],"version-history":[{"count":0,"href":"https:\/\/morimor.com\/es\/wp-json\/wp\/v2\/posts\/24458\/revisions"}],"wp:attachment":[{"href":"https:\/\/morimor.com\/es\/wp-json\/wp\/v2\/media?parent=24458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morimor.com\/es\/wp-json\/wp\/v2\/categories?post=24458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morimor.com\/es\/wp-json\/wp\/v2\/tags?post=24458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}