Alcogal

Project Finance in Panama

Project finance in Panama is not regulated by any specific law, but rather by various laws and regulations, including the Civil Code, the Commercial Code, and Law No 129 of 31 December 2013 regarding chattel mortgages, among others. Typical Financing Sources and Structures for Project Financings The typical financing sources are banks and multilateral institutions. …

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Alcogal supports Special Olympics Panama

Alcogal is proud to support initiatives that promote an inclusive world with equal opportunities for people with intellectual disabilities. Our firm recently contributed with a donation for the organization Special Olympics Panama (OEP). Special Olympics Panama is an organization dedicated to providing Olympic-type sports training to people with intellectual disabilities, without age limit and free …

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Alcogal Lawyers featured in Chambers Global 2022 directory

Alcogal lawyers are ranked in the Chambers Global 2022 edition of the leading providers of legal services in the international marketplace. Partners Carlos Cordero, Jorge F. Lee, Arturo Gerbaud, Eloy Alfaro B., Eduardo Gómez, and Rita de la Guardia were recognized as industry leaders globally and in the Panama market for the following practice areas: …

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Alcogal achieves top rankings in Chambers Global 2022 rankings

We are very pleased to announce that Chambers Global once again ranked our specialized legal assistance among the top in Panama in its latest ranking release. Alcogal was highly ranked in the following categories: Banking & Finance, Band 1 Dispute Resolution, Band 1 Corporate/M&A, Band 2 Additionally, a total of six of our experts received …

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Alcogal Transaction Recognized at LatinFinance 2021 “Deals of the Year Awards”

LatinFinance celebrated on February 7 the “2021 Deals of the Year Awards,” where the Fourth Tocumen Airport Bond Offering transaction was recognized as Quasi-Sovereign Bond of the Year.” This was the largest transaction to have traded through the Latin American Stock Exchange (Latinex), except for transactions by the sovereign. LatinFinance’s Deals of the Year Awards …

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Alcogal joins ANCON’s efforts for the conservation of natural resources and sustainable development

Reaffirming its firm commitment to support organizations that lead initiatives aimed at conserving the biodiversity and natural resources of Panama, Alcogal recently made a contribution to the National Association for the Conservation of Nature (ANCON), for the construction of its new headquarters. “We thank Alemán, Cordero, Galindo & Lee, for being part of the group …

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Alcogal advises G.B. Group Corporation in the exchange process of Series A and Series B cumulative preferred shares and issuance and placement of Serie C preferred shares

Alcogal acted as legal counsel to G.B. Group Corporation (holding company of Global Bank Corporation) in (i) the exchange process of Series A and Series B cumulative preferred shares without voting rights of G.B. Group Corporation for Series C preferred shares of G.B. Group Corporation and (ii) issuance and placement of Serie C preferred shares …

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Company Rescue or Reorganization Procedures Outside of Insolvency

There are no rules specifically establishing an out-of-court process for rescue or reorganization in the Republic of Panama, nor any voting requirements associated therewith. Debt-restructuring efforts between a debtor and its creditors will mostly be governed by general rules of contract and obligations, and the agreement of other creditors may not be imposed on an …

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