Partner Ramon Varela and associate Ana Carolina Castillo contributed with the Panama chapter of Chambers & Partners Alternative Energy & Power 2019.
The guide analyzes the most relevant aspects that affects the energy industry in twenty-nine jurisdictions, including Panama.
The complete guide is available here.
Foreigners with nationalities that require an entry visa may enter Panama with visas from Korea, Japan or Singapore
Executive Decree No. 521 of August 6th, 2018
As of August 8th, 2018, foreigners of nationalities that require a visa to enter the Republic of Panama may enter with a Schengen Visa or current Residency from Korea, Japan or Singapore.
- By means of Executive Decree No. 521 of April 6th, 2018, any foreigner who requires a visa to enter the national territory, holding a Visa or valid residency in Korea, Japan or Singapore, may enter Panama, as a tourist, without an entry visa.
- The Visa must: (i) be granted for multiple entries and exits; (ii) be used at least once to enter the territory of the granting State; and (iii) have a validity of at least six (6) months.
- This Executive Decree became effective as of August 8th, 2018.
Aspects to be considered:
- This Decree includes Korea, Japan and Singapore within the list of exceptions. Previously, the list only included the United States of America, Canada, Australia or the United Kingdom, and those holding a Schengen Visa from the European Union.
With this Executive Decree it is provided that the validity of the visa or residency of the above mentioned countries, must be of at least six (6) months, reducing the time established in the previous decree of at least one (1) year of validity.
Panama, July 31, 2018. For the second consecutive year, Ms. Kharla Aizpurua Olmos, Senior Associate of Morgan & Morgan, has been appointed as member of the Board of Directors of Fundacion WIP Panama. She has also been designated as member of the Board of Directors of Fundacion Dona Felicidad.
WIP Panama is an organization established with the purpose of furthering cooperation and communication among female lawyers around the country, as well as to address the main concerns on professional opportunities and development for them.
Dona Felicidad is focused on helping communities in extreme poverty through health, education and entertainment activities.
These new appointments ads to the pro bono practice of Ms. Aizpurua Olmos who regularly participates as volunteer in the Legal Open Houses organized by the firm in very low-income communities. Furthermore, she played a key role in the team responsible for drafting the bill to organize national volunteering in the Republic of Panama, and serves as counsellor to different Panamanian NGOs.
As a lawyer, Ms. Aizpurua Olmos concentrates her practice mainly advising clients in domestic and cross-border financing transactions. She has been involved on matters pertaining to syndicated lending, project finance, securitization and public offerings.
Morgan & Morgan advised Cirsa Gaming Corporation, S.A. in connection with the offering of senior secured notes and floating rate senior secured notes
Morgan & Morgan acted as counsel to Cirsa Gaming Corporation, S.A. (Cirsa) in connection with the offering of €663,000,000 6.250% senior secured notes due 2023, €425,000,000 floating rate senior secured notes due 2023, U.S. $550,000,000 7.875% senior secured notes due 2023, issued by LHMC Finco S.a.r.l. (Issuer), and to be guaranteed by the Issuer and, among others, Gaming & Services de Panama, S.A.
Cirsa is one of the leading gaming companies in Spain, Italy and Latin America and is engaged in the operation of slot machines, casinos and bingo halls and the manufacture of slot machines.
Partners Francisco Arias, senior associate Roberto Vidal and associate Cristina De Roux, participated in this transaction.
Morgan & Morgan acted as special Panamanian counsel to Alta Cordillera, S.A., in connection with a credit facility agreement granted by PDS Gaming-International, LLC, M&G Illiquid Credit Opportunities Fund Limited and M&G Illiquid Credit Opportunities Fund II Limited, as lenders, to Alta Cordillera and Codere Newco, S.A.U., as borrowers. PDS Gaming LLC acted as arranger, servicer and agent for the lenders and PDS Gaming-International, LLC acted as collateral agent.
The Tax Team of Morgan & Morgan invited a group of clients to a breakfast-discussion table where the last updates and news on tax issues were presented. In front of a full house, partner Enrique Jimenez, and lawyers Adolfo Campos, Amanda Barraza and Carlos Sinisterra (CPA) talked with clients about the changes and amendments that have been made to the laws and entities on this subject.
Thus, Morgan & Morgan reaffirms its commitment as a leading firm in tax and fiscal matters, always ahead in benefit of their clients.
About Morgan & Morgan
Morgan & Morgan advises companies and individuals in matters pertaining to the Panamanian taxation system, including special taxes regimes. The firm has an experienced team of attorneys with broad knowledge in tax law addressing all sorts of industries, such as, financial services, technology, shipping, energy, real estate, intellectual property, retail and wholesale business, who can readily identify obstacles and solutions but mostly the opportunities clients can expect to achieve upon making business in Panama.
Enrique Jimenez and Maria Eugenia Brenes recognized in The World´s Leading Trademark Professionals 2018
The World´s Trademark Review, which focuses exclusively on trademark lawyers and trademark law, has become the “definitive source of information” for those seeking first rate experience in the field. As in all its prior publications, this year the search was exhaustive to identify the outstanding firms and lawyers in this critical area. The factors influencing the classification are: years of experience, market presence, and level of day-to-day work, as well as feedback from colleagues and clients.
To see the complete ranking please click here.
About Morgan & Morgan
Morgan & Morgan has one of the most complete Intellectual Property Departments in Panama. The firm advises clients in the filing and registration of trademarks, service marks, slogans, trade names, inventions, utility models, industrial designs and plant varieties under Industrial Property Law, among others. Our attorneys are specialists in the drafting and reviewing of License and Franchise Agreements, assisting clients in all the regulatory proceedings for registering such license agreements and franchises of trademarks before the Industrial Property and IP Directorates.
Morgan & Morgan advised Hidrotenencias, S.A., with respect to the sale of its hydroelectric generation business to EnfraGen Spain, S.A.
Morgan & Morgan acted as Panamanian counsel to the shareholders of Hidrotenencias, S.A., a company that owns and operates three run-of-the-river hydropower plants located in the province of Chiriqui, in connection with the sale of their stake in the company to EnfranGen Spain, S.A.
This cross-border transaction, which involved attorneys from Panama and the United States of America, consisted in the sale of the 100% of the shares of Hidrotenencias, S.A., which in turns owns 100% of the shares of Las Perlas Sur, S.A., Las Perlas Norte, S.A. and Istmus Hydro Power Corp., corporations with hydroelectric generation concessions in the Republic of Panama.
Partner Francisco Arias G., senior associate Roberto Vidal and associate Cristina De Roux, participated in this transaction.
Mr. Juan David Morgan Jr., partner and head of the Shipping and Admiralty Litigation practice group of Morgan & Morgan, has been the only Panamanian maritime lawyer recognized in Who´s Who Legal Shipping 20118. This year, the publication highlighted 515 leading lawyers who stand out for their exceptional work handling sector-related contractual and financial matters, as well as disputes and casualty cases.
“Juan David Morgan Jr. at Morgan & Morgan enjoys a fantastic reputation in the international shipping world and leads the firm’s maritime litigation group, an area in which he considered a real specialist”, stated the publication.
About Morgan & Morgan
Morgan & Morgan is the top shipping and admiralty litigation firm in Panama. For years, the firm has been known for having the largest number of cases at the Maritime Courts of Panama. Our attorneys are experts in maritime dispute resolution and claims including collision, cargo, oil spill pollution, charter party disputes, personal injury, maritime liens, marine insurance claims and ship mortgage executions. The firm also specializes in claims against the Panama Canal Authority for accidents vessel transiting through this route.
Morgan & Morgan´s Panama office, and fifteen attorneys of the firm were recognized in the Chambers Global 2018, guide of the best lawyers and law firms across 190 jurisdictions in the world.
The firm has been ranked in the first Bands within the areas of Corporate/Commercial, Banking & Finance, Dispute Resolution, Intellectual Property, Offshore, Shipping and Shipping Litigation.
Likewise, the guide noted in the first Bands partners Francisco Arias, Inocencio Galindo, Ramon Varela, Simon Tejeira, Luis Vallarino, Enrique Jimenez, Roberto Lewis, Luis Manzanares, Enrique De Alba, Jazmina Rovi, Juan David Morgan Jr. and Francisco Linares. Associates Roberto Vidal, Allen Candanedo and Maria Eugenia Brenes has been also ranked in the publication.
One of the clients interviewed stated that “the firm is client-focused, eager to assist and flexible when finding solutions”.
About Morgan & Morgan
With over 80 lawyers and 20 practice areas, Morgan & Morgan is a full service Panamanian law firm, regularly assisting local and foreign corporations from different industries, as well as recognized financial institutions, government agencies and individual clients. Learn more at www.morimor.com.