Morgan & Morgan acted as Panamanian counsel to Grupo Eleta in the sale of a minority stake in the Pear Island Project to the Grivalia Group, a global real estate investment company.

Pedro Gonzalez Island (Pearl Island) is located at Archipelago Las Perlas, Pacific Ocean.  The project consists of the integrated development of approximately 1,600 hectares of the island, including an airport, several hotels, a town center, several marinas, among others amenities.

This cross-border transaction involved Panama, England and Wales.

Roberto Vidal, senior associate of Morgan & Morgan, participated in this transaction.