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 »
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 …
