Alemán, Cordero, Galindo & Lee - News
Conference coverage
Panama Canal Authority wins first ICC case
A tribunal seated in Miami has dismissed a US$192 million claim against the Panama Canal Authority, one of multiple International Chamber of Commerce (ICC) cases relating to a project for the canal's expansion.
Mexican consortium buys US-sanctioned shopping centre in Panama
Panamanian firms Anzola Robles & Asociados and Morgan & Morgan have helped a Mexican consortium purchase a distressed shopping centre complex for US$350 million, previously owned by US-blacklisted Panamanian tycoon Abdul Waked.
Canacol gets US$265 million multijurisdictional refinancing
Jones Day in New York, DLA Piper LLP’s Calgary office, Colombian firm Gómez-Pinzón Zuleta Abogados and Maples and Calder in the British Virgin Islands have helped Colombian oil and gas exploration company Canacol Energy obtain a loan of US$265 million from a syndicate of banks led by Credit Suisse.
Promerica funds Citibank Guatemala purchase with multi-jurisdictional financing
Mayer Brown LLP’s Washington, DC and Chicago offices; Panama’s Arias, Fábrega & Fábrega; Dominican firm Medina Garrigó Abogados; the Salvadorean, Guatemalan, Honduran and Nicaraguan offices of Arias & Muñoz; and Ecuador’s Pérez Bustamante & Ponce Abogados have advised the lenders financing Promerica Financial Corporation (PFC)’s acquisition of Citibank’s credit card and consumer banking business in Guatemala.
Termocandelaria refinances in five jurisdictions
Gómez-Pinzón Zuleta Abogados in Bogotá, Cayman firm Maples and Calder, and Pamana’s Alemán, Cordero, Galindo & Lee have helped Colombian power generation company Termocandelaria obtain US$245 million in new credit to refinance existing debt.
Alcogal and Morgan & Morgan convene for Argos sale
Alemán, Cordero, Galindo & Lee has helped Colombian construction company Cementos Argos sell a 20 per cent stake in its Panamanian subsidiary to real estate investor Grupo Provivienda.
Locks open on fourth Panama Canal arbitration
Adjudicators appointed at the outset of a project to expand the Panama Canal have rejected a US$99 million cost overrun claim, paving the way for a potential fourth ICC arbitration arising from it.
Alemán Cordero, ARIFA, Milbank and Shearman close Tocumen bond offer
Alemán, Cordero, Galindo & Lee and Shearman & Sterling LLP’s New York, San Francisco and Washington, DC, offices have helped Panama’s Tocumen International Airport issue US$575 million worth of secured bonds, in what is believed to be the largest-ever cross-border issuance by a Panamanian government-owned entity.
Mexico’s Crédito Real expands into Central America
BLP in San José and Managua, Alemán, Cordero, Galindo & Lee in Panama City and Jones Day in Miami and New York have helped Mexican consumer loan provider Crédito Real acquire a 70 per cent stake in Central American counterpart Instacredit.
Romero Pineda, Consortium and Skadden in Tropigas loan
Panamanian liquefied gas distributor Tropigas has hired Romero Pineda & Asociados in San Salvador to obtain a US$40 million loan to fund the construction of a transport ship and expand a maritime terminal at the southeastern Salvadorean port of La Unión.
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