Alcogal acted as Panamanian legal advisor to IDB Invest in its participation as anchor investor in Banistmo S.A.’s sustainable bond issuance for a total amount of US$100 million. This transaction, which involves the subscription of IDB Invest bonds in Panama’s public securities market, aims to expand access to credit for women-led SMEs and support projects …
Alcogal advised Banco Ficohsa (Panama), S.A. on the registration of its Corporate Securities Revolving Program for up to US$30,000,000.00, structured by Global Bank Corporation. The transaction involved our partner Rafael Marquínez, together with associate Lilah Levin, reaffirming the firm’s commitment to legal excellence in the Panamanian capital markets. Through this engagement, Alcogal strengthens its role …
We acted as Panamanian legal advisors in Bladex’s first international AT1 bond issuance, which reached an amount of US$200 million and received strong interest from international investors. The transaction featured Bank of America Securities and J.P. Morgan Securities, LLC as lead coordinators, and Jefferies as co-manager.The lawyers involved in this transaction were Arturo Gerbaud, Rita …
Our firm provided legal counsel, achieving the incorporation of BBVA Colombia into Panama’s prestigious International Banking Center. This milestone not only represents a strategic step for BBVA Colombia in its expansion, but also reaffirms Panama as a key and robust jurisdiction for regional financial operations.
Alcogal had the pleasure of acting as legal advisor to CPKC and Lanco Group/Mi-Jack in the sale of Panama Canal Railway Company to APM Terminals. Since the beginning of the concession in 1998, we have provided ongoing support to the company, advising them on all their legal needs — a testament to our commitment and …
Alcogal advised on the structuring of financing for Grupo Nutresa in Colombia, a transaction valued at USD 2 billion. Grupo Nutresa is one of the leading food conglomerates in Latin America, with operations in over 14 countries and a presence in more than 80 markets. This transaction involved partners Arturo Gerbaud and Patricia Cordero, associate …
We acted as legal counsel for The Bank of Nova Scotia in the recent transaction involving the transfer of its banking operations in Colombia, Costa Rica, and Panama to Banco Davivienda. The transaction is expected to be completed in approximately 12 months. As part of the transaction, Scotiabank will receive a roughly 20% stake in …
We acted as legal counsel for The Bank of Nova Scotia. Read More »
Under the leadership of Rita de la Guardia and with the support of associates Rafael Amar and Lilah Levin, Alemán, Cordero, Galindo & Lee (Alcogal) advised BAC International Bank Inc. on the financing that enabled Grupo SigmaQ to acquire Visual Elements. This acquisition strengthens SigmaQ’s portfolio, a company with extensive experience in packaging and visual …
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 …
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 »
