Market: Panama

Panama’s Multibank makes US$300 million issuance

The New York office of Clifford Chance LLP has helped Panamanian financial group Multibank make a US$300 million notes issuance, marking the bank’s first international bond offering in six years.

23 February 2023

LatAm partner promotions plunge after previous year’s high

Latin Lawyer has registered a 34% decrease in end-of-year partner promotions at Latin American law firms, while the share of female lawyers reaching the most senior rank at their respective firms has remained in line with last year’s figures.

15 February 2023

LatAm firms hit jackpot with Spanish casino debt tap

Arendt & Medernach in Luxembourg, Simpson Thacher & Bartlett LLP in London, three Garrigues offices and Morgan & Morgan in Panama City have helped Spanish gaming company Cirsa issue €425 million (US$426 million) worth of notes.

12 January 2023

ARIFA appoints transactional partner

Panamanian Elite firm Arias, Fábrega & Fábrega has boosted its finance and M&A offerings by elevating a senior associate to the partnership.

22 December 2022

LatAm firms help UPS seal Bomi acquisition

Seven Freshfields Bruckhaus Deringer LLP offices, Brigard Urrutia in Bogotá, Brazil’s Mattos Filho and Rodrigo, Elías & Medrano Abogados in Lima have helped US delivery company UPS finalise its acquisition of Italian healthcare logistics group Bomi.

22 December 2022

Jack Daniel’s parent company buys Venezuelan rum brand

Five offices of Gibson Dunn & Crutcher LLP, Cuatrecasas in Madrid and Lisbon, D’Empaire in Caracas and Fabrega Molino in Panama City have helped US wine and spirits company Brown-Forman purchase Venezuelan rum brand Diplomático from its Spanish owner Destillers United Group.

25 October 2022

Panama defeats arbitration claim over corruption probe

Panama has defeated an International Centre for Settlement of Investment Disputes (ICSID) claim worth over US$100 million brought by a US engineering company and its CEO who said they were unjustly targeted by corruption and money laundering probes.

19 October 2022

Brazilian restaurant operator exits Panama with airport assets sale

Brazilian restaurant operator International Meal Company (IMC) has enlisted Machado Mayer Advogados in São Paulo and Arias, Fábrega & Fábrega in Panama City to sell its remaining assets in Panama to offshore commercial catering company Inflight Holdings Cayman for US$40 million.

05 October 2022

Phoenix Tower refinancing calls on LatAm counsel

Locke Lord LLP in Boston and New York and Latin American firms have helped US telecoms group Phoenix Tower International restructure several loans held by its Latin American and US subsidiaries and package them into one single US$2 billion facility, including an acquisition financing it recently obtained to buy Chilean tower assets.

31 August 2022

Google’s Central American advertising partner divests stake

Advertising company Mediam Group has hired Holland & Knight LLP in Miami and Arias, Fábrega & Fábrega in Panama City to sell a minority stake in the business to Miami-based counterpart Aleph Group.

02 August 2022

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