Market: Panama

Codere becomes LatAm’s first listed gambling group

Davis Polk & Wardwell LLP in Madrid, New York and London has helped Spanish gambling company Codere Online combine with a Mexican special purpose acquisition company (SPAC) in a US$350 million deal that creates Latin America’s first listed gaming operator.

24 June 2021

Construction investor brings third ICSID claim against Panama

A US construction group has brought a third International Centre for Settlement of Investment Disputes (ICSID) claim against Panama arising from its portfolio of projects in the country.

24 June 2021

Four Central American firms launch regional outfit

Latin Lawyer 250 firms QIL+4 Abogados in Guatemala and Melara & Asociados in Honduras have joined forces with Costa Rican law firm Batalla and El Salvador’s Valdés, Suárez & Velasco Abogados to launch a new regional law firm called Alta.

03 June 2021

Panama’s Banco General makes US$400 million bond offering

Panama’s Banco General has hired Clifford Chance LLP in New York and Arias Fábrega & Fábrega in Panama City to raise US$400 million in its first-ever additional tier 1 (AT1) issuance, the value of which can be converted into equity.

25 May 2021

Deal of the Year Winner: Project Finance (Energy)

Featured in 15th Annual Awards

The combined project bond issuance and bank debt package was one of Latin America’s largest power project financings in 2020 and occurred over two concurrent cross-border transactions. The company’s multijurisdictional activities required the coordination of law firms in the US, Spain, Chile, Colombia and Panama. It is our energy project finance Deal of the Year.

24 May 2021

Multilatina makes Central America’s largest green debt tap

Several international and Latin American law firms have helped the renewables subsidiary of Guatemalan multilatina Corporación Multi Inversiones (CMI) make Central America’s largest green bond issuance as part of a US$1 billion liability management transaction.

04 May 2021

Panama data protection law goes into effect

Panama’s new data protection law is loosely based on GDPR, but it offers wide exemptions for big tech companies and the financial sector.

26 April 2021

Fast-food chain pays off debt in Central America and Mexico

Arias’ offices in Costa Rica, El Salvador, Guatemala and Panama have helped Mexican fast-food chain operator Premium Restaurant Brands (PRB) obtain a US$167 million financing from a syndicate of Mexican and Central American banks and cancel its existing debt with Goldman Sachs.

20 April 2021

Panama faces bid to revive mining arbitration

A US mining company that saw the bulk of its US$322 million International Centre for Settlement of Investment Disputes (ICSID) claim against Panama dismissed has applied to partially annul the award.

29 March 2021

Costa Rican court enforces ICC award against construction group

The Supreme Court of Costa Rica has confirmed a US$23 million International Chamber of Commerce (ICC) award against one of the country’s largest construction groups – despite the fact it had not signed the underlying arbitration agreement.

26 March 2021

Get unlimited access to all Latin Lawyer content