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2
Latin America Guide 2023
Panama Capital Markets
2
Band 2

2 Ranked Lawyers

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. 



Chambers Review

Provided by Chambers
Capital Markets - Panama
2
Band 2
What the team is known for

Morgan & Morgan offers a highly regarded capital markets practice that is experienced at advising on the issuance of debt and equity securities through private placements and public offerings. The team boasts 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 Morgan & Morgan
  • Morgan & Morgan assisted Banco La Hipotecaria in the public offering of mortgage loan notes for an amount of up to USD112.5 million.

Notable Practitioners

Provided by Chambers
Francisco Arias
N
Francisco Arias
2
Band 2

Distinguished partner Francisco Arias is frequently seen acting as counsel to issuers, underwriters and initial purchasers on public and private offerings of bonds and shares. One interviewee enthuses: "Francisco Arias is a key figure who has set the industry standards in Panama," while another respondent goes on to add: "He is an excellent lawyer who is able to handle very important capital markets transactions."

Ricardo Arias
N
Ricardo Arias
3
Band 3

Dynamic partner Ricardo Arias breaks into the numbered bands for the first time this year following significant endorsements from clients, with one stating: "Not only is Ricardo Arias an expert in securities law, but he is also a client-oriented and transactional lawyer who is capable of managing complex deals."

Ranked Lawyers at
Morgan & Morgan

Provided by Chambers
Filter by
Band

Panama

Capital Markets

Francisco Arias
2
Francisco Arias
2
Band 2
Ricardo Arias
3
Ricardo Arias
3
Band 3

Members

Provided by Morgan & Morgan

Aristides Anguizola

Member photo

Francisco Arias

Head of Department

Kharla Aizpurua Olmos

Miguel Arias M.

Roberto Vidal

Clients

Provided by Morgan & Morgan

Avianca Holdings

Banco General

Banco La Hipotecaria

Banistmo

CM Realty

Cirsa Gaming Corporation

Credit Suisse

Deutsche Bank

Empresa Nacional de Energia

Grupo Cochez

Grupo Mercantil

Hidroeléctrica Bajos del Totuma

Inmobiliaria Nidaco

Insignia

Latin American Kraft Investments

MMG Bank Corporation

Mercantil Servicios Financieros Intl.

Morgan Stanley

Multibank

Norfolk

PANACREDIT

Supermercados Xtra

The AES Corporation

Industries

Provided by Morgan & Morgan

Banks

Education

Energy

Financial Services

Government

Mining and Metals

Real Estate

Transportaion

Utilities