Arias, Fábrega & Fábrega

New digital platform for multinational companies.

The Ministry of Commerce and Industry (MICI) has announced the launch of a new digital platform aimed at simplifying procedures related to the governmental management of Multinational Company Headquarters (SEM) and Multinational Companies for the Provision of Manufacturing-Related Services (EMMA).

Smart Contracts in Panama: Validity and Legal Issues

Interest in smart contracts has been on the rise globally in recent years and Panama has been no exception.

ARIFA announces the hire of partner Fernando Aued

ARIFA strengthens its litigation and regulatory practice groups with the new hire of partner Fernando Aued, effective August 2023.

PSA Marine Americas' acquisition of a 45% stake in Meyer's Tugs

Arias, Fábrega & Fábrega advised PSA Marine Americas in the succesful acquisition of a 45% stake in Meyer's Tugs from Inversiones Maritimas CPT, a wholly-owned subsidiary of CPT Empresas Maritimas.

ARIFA advises Bladex in its inaugural Panamanian revolving bond program

ARIFA has assisted Banco Latinoamericano de Comercio Exterior, S.A. (BLADEX) in connection with the registration of its inaugural revolving bond program in the Republic of Panamá allowing for the issuance of up to US$300,000,000.00 in bonds in multiple currencies, and various rates.

ARIFA announces the promotion of new partner Javier Yap Endara

Arias, Fábrega & Fábrega is thrilled to announce the promotion of Javier Yap Endara as new partner of the firm

ARIFA has acted as counsel to Mediam Group in the sale of a minority stake to Aleph Group Inc.

ARIFA advised Mediam Group (Google’s official media representative in Central America) in the sale of a minority stake to Aleph Group Inc., a leading global entity of digital advertising in emerging countries.

ARIFA welcomes new international associate

ARIFA is pleased to welcome a new international associate in the areas of banking and finance, mergers and acquisitions, and commercial and civil litigation.

Empresa Panameña de Alimentos, S.A. acquires Gold Mills de Panamá, S.A.

ARIFA acted as lead counsel to it’s long time client Empresa Panameña de Alimentos, S.A., in regards to the indirect acquisition of Gold Mills de Panamá, S.A., a leading wheat and foodstuffs supplier and distributor in Panamá.

Bladex's successful closing of a US$101.5 Million Senior Dual-Tranche Facility to CrediQ

ARIFA has acted as counsel to Banco Latinoamericano de Comercio Exterior (Bladex) as the Sole Lead Arranger and Bookrunner, as well as the Administrative Agent on the first international syndicated facility led by Bladex for CrediQ and its subsidiaries in Costa Rica and El Salvador.

Changes to the Law Regulating Horizontal Property in Panama

On February 14, 2022, Law No. 284 of February 14, 2022 came into force, which regulates the horizontal property (condominium) regime and replaces Law No. 31 of June 18, 2010, which previously regulated this matter.

ARIFA has advised Hotel La Compañía in the financing of a one-of-a-kind project.

We are excited to have advised Hotel La Compañía with the financing granted by IDB Invest and BAC International Bank Inc. to finance the development, construction, and operation of this one-of-a-kind project aimed to support the revitalization and economic growth of Panama city’s historic district.

US$1.76 billion EnfraGen’s renewables financing

Arias, Fábrega & Fábrega has represented the Initial Purchasers and the Lenders in EnfraGen’s renewables financing.

A first-of-its-kind transaction to increase housing finance and support women-owned businesses

US$90 million unsecured loan facility to Global Bank aimed at increasing housing finance for women and support women-owned businesses in Panama.

Financing of Line 3 of the Panama Metro, the largest public infrastructure project in Panama

ARIFA advised ECAs and banks in connection with a US$ 2,264,037,941.16 and JP¥ 51,458,523,871.00 receivables purchase facility and related credit facilities agreements for the financing of Line 3 of the Panama Metro System.

Estif Aparicio, new Senior Vice-Chair of the IBA Latin American Regional Forum

Arias, Fábrega & Fábrega is pleased to announce that the International Bar Association (IBA) has appointed Partner Estif Aparicio as 2020-2021 Senior Vice-Chair of the Latin American Regional Forum (LARF).

Claudio De Castro, new member of the Board of the ICC Commission on Arbitration and ADR for Panama

We are pleased to announce that ARIFA partner and co-head of our Litigation and Arbitration team, Claudio De Castro, has been appointed to the 2020-2022 Board of the ICC Commission on Arbitration and ADR for Panama.

The Supreme Court of Panama rules in favor of the Arbitration Principle of Competence-Competence

Competence-Competence is the arbitration principle pursuant to which an arbitral tribunal has the power to rule on its own jurisdiction.

Panama establishes and regulates Teleworking

ARIFA's Labor and Employment lawyers highlight the most important aspects of the recently enacted teleworking law. This bulletin has been reproduced in its original language.

Panama Law on Public-Private Partnerships

Panama’s National Assembly has enacted Law No. 93 of September 19, 2019 on Public Private Partnerships, in an effort to bolster infrastructure investment and job creation as well as address ongoing public infrastructure needs.

ARIFA promotes two new partners

The firm is pleased to announce that it has invited junior partners Claudio De Castro and Pilar Castillo to join partner level.

Country by Country Report – Panama adopts new tax compliance report

In 2016, Panama adopted the implementation of the recommendations made by the G20 countries and the OECD on the application of BEPS and committed to implementing action 13, which addresses the strengthening of the Transfer Pricing Documentation Standards and the Country-by-Country (CbC) report.

Panama and the international standards on transparency and exchange of information

Panama implements legislation in compliance with the principles of transparency and information exchange.