We are proud to announce that we have supported our client, The Bank of Nova Scotia, in the successful closing of the integration of its operations in Colombia, Costa Rica, and Panama with Banco Davivienda.
This transaction required a strategic approach and the involvement of a multidisciplinary Alcogal team.
The integration will significantly strengthen Banco Davivienda’s regional presence, increasing its total assets to approximately USD 60 billion and consolidating its position in the Latin American banking market.
Our multidisciplinary team provided advice on all Panamanian legal aspects, including contractual, banking, regulatory, and labor matters, as well as corporate approvals. This milestone represents a meaningful step forward in the evolution of the region’s financial sector.
The transaction was led by partners Arturo Gerbaud, Rita de la Guardia, and Jorge Federico Lee, with the support of associates Rafael Amar, Leopoldo Padilla, Lilah Levin, and Victoria Castro.
We congratulate the teams at The Bank of Nova Scotia and Banco Davivienda for the successful closing of this important integration, a milestone that marks a significant advancement for both institutions and the regional financial sector.