Morgan & Morgan acted as counsel to the shareholders of The Metropolitan School of Panama, S.A., in connection with the sale of their 100% stake in the Company, to Nord Anglia Education Limited, who is a world’s leading premium schools organisation and the owner of 44 international schools located worldwide.
The Metropolitan School of Panama, S.A. is one of the most reputable schools in the Republic of Panama, offering IB Curriculum to students from Pre-K through 12th grade.
Partners Francisco Arias G. and Jose Carrizo, and associates Pablo Epifanio, Adolfo Campos, Ana Cristina Castrellon, Cristina de Roux and Angelica Ortiz, participated in this transaction.
Morgan & Morgan acted as local counsel to Grupo CAABSA, in connection with the asset purchase acquisition of Soho Mall, by a consortium group comprised of Mexican companies, i.e. by Grupo CAABSA and Grupo Citelis. Grupo CAABSA is a Mexican business group, which is the operator of one of the main shopping centers in Mexico. Grupo Citelis, on the other hand, is an international theatre operator and owner of the reputable brand “Cinepolis”.
Soho Mall was included in May 2016, on the Clinton List by the Office of Foreign Assets Control of the US Treasury Department. Thereafter, the government of Panama intervened in the negotiations with the US Treasury Department to arrange a possible sale of such asset.
Our team dealt with important challenges in a transaction resulting from negotiations with the Panamanian government represented by Banco Nacional de Panama to complete the acquisition of Soho Mall, and with the US Treasury Department to complete the paperwork required to remove Soho Mall from the Clinton List.
Partner Ramon Varela, senior associate Kharla Aizpurua Olmos, and associates Adolfo Campos, Pablo Epifanio, Ana Cristina Castrellon and Cristina De Roux, participated in this transaction.