PANAMA Trends and Developments
Trends and Developments Contributed by: Kharla Aizpurúa Olmos, Mónica Moreno and Eduardo Oteiza Morgan & Morgan Morgan & Morgan is one of the largest and most rec- ognised full-service law firms in Panama, with roots dating back to 1923. The firm has extensive experi- ence assisting both local and multinational corpora- tions from various industries, including recognised financial institutions and government agencies. Ad- ditionally, the firm also caters to the legal needs of individual clients. The firm’s banking and finance team is comprised of two leading partners, four sup- porting partners and three associates. The practice has broad expertise and has participated in numer-
ous financing transactions, acting on behalf of both creditors and debtors. It focuses mainly on drafting loan and security documentation associated with complex financing transactions, setting up leasing and/or factoring facilities, both as lender or borrower counsel, and managing all legal aspects related to banking acquisitions and mergers. On banking oper- ations, the team has assisted many banks and finan- cial institutions in the process of obtaining licences, as well as ongoing regulatory assistance related to their operations in the country. the Firm she actively participated in structuring strategic investments and advising on multimillion- dollar transactions, including renewable energy projects (Penonomé wind farm, Ikakos solar park), hospital acquisitions, international bond issuances, and major infrastructure financings such as Panama Metro Line 2. She has also served as general counsel for a private equity firm and advised on cross-border matters in the energy, infrastructure, and financial sectors in Panama and the Dominican Republic. markets, and M&A practices at Morgan & Morgan. He advises on transaction structuring, corporate financing, regulatory compliance, and cross-border M&A. Before joining the firm, he worked at a boutique law firm focused on corporate and financial transactions and built a career in investment banking at a leading Panamanian institution, gaining experience in credit analysis, fund administration, and portfolio management. Eduardo holds an LLM from Columbia Law School, a degree in Law and Political Science from USMA, and a BBA in Accounting from SMU. Eduardo Oteiza is an associate in the corporate and commercial, banking and finance, securities and capital
Authors
Kharla Aizpurúa Olmos is a partner in the corporate law department at Morgan & Morgan. Kharla also co-heads the banking and finance practice area, and leads the technology and data protection
practice area. She advises on both local and cross- border financing transactions and has been involved in operations related to syndicated loans, acquisition finance, public project financing (transportation and energy), securitisations, public issuances, M&As, and advisory services related to the telecommunications, fintech, start-up, and e-commerce sectors, compliance, cybersecurity, and data protection. As the leader of the firm’s start-ups service line, she has advised clients at different stages and rounds of investment in their growth and sustainability plans in Panama, including fintech, technology, and telecommunications companies. Mónica Moreno is a senior associate in the banking and finance, M&A, securities, capital markets, project development, public procurement, and corporate and commercial law groups at Morgan & Morgan. She has more than 15 years of experience, and before joining
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