Market: Panama

Panamanian toll road operator makes US$400 million debt tap

Arnold & Porter in New York and Washington, DC and Panamanian firm Icaza, González-Ruiz & Alemán have helped state-owned toll road operator Empresa Nacional de Autopista (ENA) issue notes for US$400 million.

14 December 2020

Panama Canal arbitrators under fire over "cross-appointments"

The consortium that oversaw the expansion of the Panama Canal has applied to set aside a US$265 million International Chamber of Commerce (ICC) award in favour of the canal authority, alleging that the arbitrators failed to disclose “multiple cross-appointments and inter-relationships”.

09 December 2020

US agribusiness investor snaps up Peruvian asset

The Continental Grain Company has hired Rodrigo, Elías & Medrano Abogados in Lima and Morgan & Morgan in Panama City to acquire a stake in Peru’s Multifoods.

19 November 2020

Panama escapes bulk of mining fine

An International Centre for Settlement of Investment Disputes (ICSID) tribunal has found Panama liable for the expropriation of a mining concession while awarding the US claimant significantly less than the US$684 million it had sought in damages.

12 November 2020

Several firms steer Panama’s largest sovereign debt tap

Arnold & Porter in New York and Washington, DC has helped the Republic of Panama make its largest-ever sovereign debt tap worth US$2.6 billion.

15 October 2020

Panama’s Banconal gets loan to fund covid-19 relief efforts

Norton Rose Fulbright in New York and São Paulo and Panama’s Alemán, Cordero, Galindo & Lee have helped Banco Nacional de Panama (Banconal) obtain two credit facilities worth US$510 million.

06 October 2020

Panama Canal Authority reclaims damages from consortium

An International Chamber of Commerce (ICC) tribunal has ordered the consortium that worked on the expansion of the Panama Canal to repay US$265 million to the country's canal authority while awarding the contractor a smaller amount of damages.

30 September 2020

Bladex raises US$550 million in financing deals

Holland & Knight LLP in New York and Panama's Arias, Fábrega & Fábrega have advised on a debt tap and a loan deal to help Panama-based Banco Latinoamericano de Comercio Exterior (Bladex) raise a total of US$550 million

22 September 2020

AES makes landmark debt tap in Panama

Clifford Chance LLP offices in Amsterdam, Washington DC and New York and Panama’s Alemán, Cordero, Galindo & Lee (ALCOGAL) have helped the Panamanian subsidiary of US electricity company AES obtain more than US$1.5 billion in financing through a debt tap and two loans.

10 September 2020

Panama hit with ICSID claim over construction project

A US construction group has filed a fresh ICSID claim against Panama, four years after the parties settled a separate case at the centre over an asphalt project.

04 September 2020

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