Morgan & Morgan acted as Panamanian counsel to Mapfre in connection with a US$211 million insurance merger, in which Mapfre acquires 57 per cent of the shares of Aseguradora Mundial and Mundial Desarrollo de Negocio, subsidiaries from Grupo Mundial. This transaction makes Mapfre as Central America’s largest insurance company
The Firm assisted its client with the complete legal and administrative process required to carry on this transaction, including a review of the regulatory requirements, a preliminary due diligence on all of Grupo Mundial’s insurance subsidiaries, review of the corporate requirements for the transfer of shares to the new holding entity, and the drafting and reviewing of all contracts an legal documents pertaining to the merger operation.
On behalf of Morgan & Morgan, partners Carlos Ernesto Gonzalez Ramirez and Inocencio Galindo lead this important assignment, in collaboration with senior associate Ramon Varela and associates Elizabeth Heurtematte, Roberto Vidal and Ana Cristina Castrellon.