Morgan & Morgan advised majority shareholders of Banco Universal, S.A. in the sale of their shareholding stake in favor of Canal Bank, S.A. (BMF)

Morgan & Morgan represented the majority shareholders of Banco Universal, S.A. in connection with the sale of their shareholding stake to Canal Bank, S.A. (BMF).

The Superintendency of Banks of Panama approved the transaction after taking administrative and operating control of Banco Universal, S.A. and then ordering the reorganization of said banking institution.

Our team of lawyers dealt with important challenges in a transaction resulting from a government process that involved many other actors interested in obtaining control of Banco Universal, S.A. without greater regulation.

Partner Francisco Arias and associates Roberto Vidal and Pablo Epifanio, participated in this transaction.