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Morgan & Morgan acted as Panamanian counsel to Shanghai Gorgeous Investment Development Inc., with respect to the acquisition of Panama Colon Container Port, Inc. (PCCP) and subsidiaries, a company with a concession granted by the Panamanian Maritime Authority, to build and operate the port of Isla Margarita in the province of Colon, Republic of Panama. The port is located at the Atlantic entrance to the Panama Canal and is expected to have an annual capacity of 3 million TEU, according to the company statement.
Our team of lawyers dealt with important challenges in this transaction including, among other, the due diligence and the share purchase agreement required to complete the operation.
This M&A operation, for an amount up to US$180 million, involved attorneys from Panama and the People’s Republic of China.
Partner Inocencio Galindo and associate Ana Cristina Castrellón, participated in this transaction.
Morgan & Morgan acted as Panamanian counsel to Shanghai Gorgeous Investment Development Inc., with respect to the acquisition of Panama Colon Container Port, Inc. (PCCP) and subsidiaries, a company with a concession granted by the Panamanian Maritime Authority, to build and operate the port of Isla Margarita in the province of Colon, Republic of Panama. The port is located at the Atlantic entrance to the Panama Canal and is expected to have an annual capacity of 3 million TEU, according to the company statement.
Our team of lawyers dealt with important challenges in this transaction including, among other, the due diligence and the share purchase agreement required to complete the operation.
This M&A operation, for an amount up to US$180 million, involved attorneys from Panama and the People’s Republic of China.
Partner Inocencio Galindo and associate Ana Cristina Castrellón, participated in this transaction.
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