Department profile
Morgan & Morgan

Capital Markets

Latin America Guide 2026 : Panama


Morgan & Morgan

Rankings

About

Provided by Morgan & Morgan

Recent relevant transactional experience includes among others:

Advising Supermercados Xtra, S.A. in the registration of common shares for an amount of up to US$45.5 million. This transaction was the first placement of common shares in Panama by an issuer of the retail sector in the last 20 years.

Advising Banco General, S.A., and Banistmo, S.A. in the public offering and issuance by Fountain Hydro Power Corp. of corporate bonds for an amount of up to US$110 million.

Advising Cirsa, one of the leading gaming companies in Spain, Italy and Latin America, in the offering of €615,000,000 aggregate principal amount of 4.500% Secured Notes due 2027.

Advising Banco La Hipotecaria, S.A. in the public offering of Mortgage Loan Notes for an amount of up to US$112,500,000.00.

Advising Latin American Kraft Investments, Inc., a global company engaged in the business of packaging manufacturing, in the public offering of cumulative preferred shares for an amount of up to US$50,000,000.

Advising Marevalley Corporation, a holding company of subsidiaries engaged in the consumer finance business in Panama, Costa Rica, El Salvador, Nicaragua and Mexico, in the public offering of corporate bonds to be issued in series under a revolving program for an amount of up to US$150,000,000. 

Clients (23)

  • Banco General
  • Banistmo
  • Banco La Hipotecaria
  • Cirsa Gaming Corporation
  • CM Realty
  • PANACREDIT
  • Credit Suisse
  • Deutsche Bank
  • MMG Bank Corporation
  • Morgan Stanley
  • Multibank
  • The AES Corporation
  • Empresa Nacional de Energia
  • Hidroeléctrica Bajos del Totuma
  • Grupo Mercantil
  • Avianca Holdings
  • Inmobiliaria Nidaco
  • Latin American Kraft Investments
  • Norfolk
  • Insignia
  • Supermercados Xtra
  • Grupo Cochez
  • Mercantil Servicios Financieros Intl.

Industries (9)

  • Banks
  • Education
  • Government
  • Real Estate
  • Utilities
  • Energy
  • Financial Services
  • Mining and Metals
  • Transportaion

Chambers Review

Provided by Chambers

Capital Markets - Panama

Band 1

Band 1


What the Team is Known For

Morgan & Morgan offers a highly regarded capital markets practice that is experienced in advising on the issuance of debt and equity securities through private placements and public offerings in Panama. The team has strong expertise across sovereign, green and corporate bond issuances, in addition to handling initial public offerings. The department is equally capable representing major corporate issuers and financial institutions acting as underwriters and initial purchasers.

Work Highlights

Provided by Chambers

  • Morgan & Morgan advised Grupo Roble on the constitution of a new company named Commercial Center Fund, with the structure of a Sociedad de Inversión Inmobiliaria, in order to carry out an initial public offering of its shares.

Strengths

Provided by Chambers

  • Morgan & Morgan show a great command of the capital market matters, and the team is very diligent.

    Capital Markets respondentLatin America
  • Morgan & Morgan have a 360-degree vision of transactions, mastery, and the ability to handle different legal issues that interact with each other in the same transaction.

    Capital Markets respondentLatin America

Notable Practitioners

Provided by Chambers

  • Eminent PractitionersFrancisco Arias
    Eminent PractitionersFrancisco Arias

    Francisco Arias

    Eminent practitioner Francisco Arias has experience as counsel to issuers, underwriters and initial purchasers on public and private offerings of bonds and shares in Panama.

    • Francisco Arias is highly regarded both as a lawyer and as an academic.

      Capital Markets respondentLatin America
  • Band 2Ricardo Arias
    Band 2Ricardo Arias

    Ricardo Arias

    Dynamic partner Ricardo Arias continues to garner praise from interviewees for his skills in bond offerings and stock issuances in Panama.
    • Ricardo Arias is an expert lawyer, very diligent and experienced in capital markets.

      Capital Markets respondentLatin America

Ranked Individuals at Morgan & Morgan (2)

Panama

Members

Provided by Morgan & Morgan

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