Banistmo, S.A. acted as structurer and underwriter in the registration of a Corporate Bond Revolving Program for Supermercados Xtra, S.A. with the Superintendency of the Securities Market of Panama, for an amount of up to US$300 million. The first series, amounting to US$110 million, has been successfully listed on the Latin American Stock Exchange. This …
Our partner Jorge Federico Lee participated as a panelist in the VI Ibero-American International Conference, addressing the topic “Methods for Quantifying Damages.” This event brought together experts from Peru, Spain, and Latin America in the field of dispute resolution, highlighting our commitment to excellence and expertise in arbitration.
Our volunteer team from Alemán, Cordero, Galindo & Lee (Alcogal) joined the Food Bank of Panama to sort and pack food for those in greatest need. As part of our commitment to corporate social responsibility, we continue to make efforts to make a difference.
Alcogal represented Industrias Lácteas, S.A. and Sociedad de Alimentos de Primera, S.A., in a monopolistic practices case brought by the Consumer Protection Authority (ACODECO). The case, related to alleged price fixing in public bids, was dismissed in August 2024 due to insufficient evidence. This ruling protects the companies from possible sanctions and reaffirms their position …
Alcogal Obtains Favorable Decision for Industrias Lácteas in Monopolistic Practices Case Read More »
Panama City, Panama —The law firm Alcogal advised Intervial Chile S.A. on Panama’s first Public-Private Partnership (PPP). PPPs are long-term contracts signed between one or more public entities and the private sector to create, develop, improve, or maintain public infrastructure to deliver public services. The PPP regime in Panama was created by Law No. 93 …
Alcogal Advises on Panama’s First Public-Private Partnership (PPP) Read More »
Alcogal is proud to announce its role as expert counsel to Grupo Promerica in a groundbreaking transaction with Grupo Assa. This strategic collaboration integrates Grupo Assa’s Banco de Finanzas, S.A. (BDF) with Grupo Promerica’s Banco de la Producción, S.A. (BANPRO), forming Nueva Tenedora Banpro, S.A. (NTB). BANPRO and BDF will continue to operate independently. Grupo …
We Advised Grupo Promerica in Landmark Transaction with Grupo Assa Read More »
Under the leadership of partner Rafael Marquínez, Microserfin, as the issuer, and Banco General, as the structurer and underwriter, have registered and placed the first series of social bonds in Panama, with a Moody’s risk rating of BBB and aligned with the United Nations Sustainable Development Goals. We are honored to be part of …
We’re excited to announce that Alemán, Cordero, Galindo & Lee (Alcogal) is shortlisted for Latin Lawyer’s 18th annual Deal of the Year Awards. This recognition comes in the private and public M&A, ESG, and private equity categories, celebrating our role as counsel to Celsia in selling its Central American energy assets to Enfragen. This notable …
“Alcogal acted as local counsel to Global Bank in connection with a loan for an amount of up to USD50 million dollars granted by Japan International Cooperation Agency’s (JICA). This transaction marks JICA’s first foray into investment financing in the private sector in Panama. Proceeds of this loan will strengthen Global Bank Corporation’s portfolio …
“Alcogal served as legal advisor to a bank syndicate in the historic acquisition of Grupo Éxito by Grupo Calleja. Our firm played an essential role providing expertise and specialized advisory in this complex transaction involving collaboration between five prominent financial groups in the region.”
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