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: …
Alcogal Lawyers featured in Chambers Global 2022 directory Read More »
We are excited to share that Alcogal continues to grow and strengthen its practice areas. Our firm has incorporated four new Junior Associates into the team: Victoria Castro, Rafael Amar, Ana Gabriela Santiago, and Kimberly Guerra. Each of them will contribute to the following practice areas: Victoria Castro Tax Law Compliance and Anti-Money Laundering Rafael …
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 …
Alcogal achieves top rankings in Chambers Global 2022 rankings Read More »
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 …
Alcogal Transaction Recognized at LatinFinance 2021 “Deals of the Year Awards” Read More »
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 …
Company Rescue or Reorganization Procedures Outside of Insolvency Read More »
There are two types of insolvency proceedings contemplated under the Law of Insolvency Proceedings: liquidation and reorganization. Liquidation Under the insolvency proceeding of liquidation, the right of creditors to engage individually in enforcement actions is suspended. Creditors with a pledge, mortgage, or other real security right, however, may continue enforcement actions individually or opt to …
Banking & Finance Regulations | Insolvency Proceedings Read More »
What our clients say about our Banking & Finance team. “The team stands out for its technical excellence, availability 24/7, and ability to advise on various matters required for financial institutions.” – @Legal 500
In Panama, it is not possible to use a “security interest” as a generic and general guarantee. Panamanian law recognizes personal guarantees and real guarantees. The most common real guarantees (in rem) are the pledge, mortgages and antichresis. Regarding pledge and mortgage there are some aspects which are very similar and do not pose a …
Banking & Finance Regulations | Similarities between pledges and mortgages Read More »
“It is an extraordinary team, whose advice gives you a lot of confidence. I think that they have a broad commercial perspective and try to adapt legal solutions to the reality of the client’s business and to the negotiations between the parties.” – Legal 500
A pledge is a type of real guarantee which may be given over all kinds of movable assets. A pledge has to be constituted with the same formality as the agreement setting out the obligations it guarantees. However, it is essential that the pledge asset is delivered to the creditor or a third party as …
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