Market: Panama

Electricity distributor makes landmark debt placement in Panama

Panamanian power distributor Elektra Noreste has enlisted Clifford Chance LLP in New York and Washington, DC and local firm Alemán, Cordero, Galindo & Lee to raise US$100 million in the first private placement on the Latin American stock exchange in Panama.

30 July 2021

BLP helps FMO in Central American banking loan

Dutch development bank FMO has enlisted BLP (El Salvador) to provide a US$60 million loan to Banco La Hipotecaria in El Salvador and Panama.

27 July 2021

Poor political will plagues anti-corruption efforts in Latin America

A study by the Vance Center’s Lawyers Council for Civil and Economic Rights has revealed that several anti-corruption agencies in Latin America lack sufficient independence from government powers to operate effectively, while the absence of political will to fight white-collar crime is dragging the region behind in its anti-corruption efforts.

22 July 2021

Multiple firms help Dutch paint company expand in Latin America

Dutch paint and coating company AkzoNobel has turned to Baker McKenzie (Colombia) and six offices of Central American law firm Arias to acquire Colombian counterpart Grupo Orbis.

16 July 2021

LACCA’s Technology Survey

Featured in Technology 2021

Our latest technology survey charts the growing dependence of Latin American corporate counsel on ‘lawtech’, or advances in legal technology. We present some of the key data points that illustrate how in-house counsel in the region use technology today.

15 July 2021

Salvadorean finance group buys local branch of Banco G&T

With counsel from BLP (El Salvador), Inversiones Financieras Grupo Azul (IFGA) has acquired the local division of Guatemala’s Banco G&T Continental.

12 July 2021

Post-coronavirus wealth taxes could be a case of when, not if

The financial strain of the covid-19 pandemic has forced governments in Latin America to dig deep to cover costs. As a growing debt pile looms ever larger, some countries in the region are floating a tax on the wealthy to help foot the bill, one of several ways private wealth counsel in the region is evolving. Emily Darby reports on a practice area experiencing big changes.

29 June 2021

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

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