WSG Tax Guide: Navigating Tax Law Policies in Latin America.
Panama, January 5, 2024. The World Services Group (WSG) Tax Group has published Navigating Tax Law Policies in Latin America, a country-by-country Guide that provides detailed insights, updates and trends on important laws and policies throughout the region.
New minimum wage rates
Executive Decree No. 1 of January 10th, 2024 The President of the Republic has issued the new Minimum Wage Decree that becomes effective as of January 16th, 2024, considering that a consensus was not reached in the Minimum Wage Commission, and it is up to the Executive Branch to set the new applicable rates.
Morgan & Morgan Legal advised Mercandú in a capital raising round to expand its e-commerce platform in the region.
Panama, January 8, 2024. Morgan & Morgan Legal acted as the Panamanian legal advisor for Mercandú, a startup based in El Salvador that operates the largest marketplace in the Central American region, offering over 500,000 products,
Morgan & Morgan Legal advised Rhenus in connection with the acquisition of certain Panamanian subsidiaries of BLU Logistics.
Panama, October 2, 2023. Morgan & Morgan Legal advised Rhenus, a leading global logistics specialist,
Morgan & Morgan Legal advised Orla Mining Ltd. and Minera Cerro Quema, S.A. in connection with a secured credit facility for an amount of up to US$200 million.
Panama, August 29, 2023. Morgan & Morgan Legal advised Orla Mining Ltd. (“Orla”), as borrower and Minera Cerro Quema, S.A.,
Morgan & Morgan Legal advised Cirsa Finance International S.à.r.l. in connection with the offering of senior secured notes for an amount of up to €700 million.
Panama, July 19, 2023. Morgan & Morgan Legal acted as Panamanian legal counsel to Cirsa Finance International S.à.r.l. (the “Issuer”),
Morgan & Morgan Legal advised ARTCAP LAC PRIVATE CREDIT SERVICES S.A. and Banistmo Investment Corporation S.A., in relation to a 10-year US$90 million senior secured loan granted to Banesco (Panamá), S.A.
Panama, July 17, 2023. Morgan & Morgan Legal represented (i) ARTCAP LAC PRIVATE CREDIT SERVICES S.A., an affiliate of ArtCap Strategies,
Morgan & Morgan Legal advised First Quantum Minerals Ltd. in connection with the offering and issuance of senior notes for an amount of US$1.3 Billion
Panama, May 30, 2023. Morgan & Morgan Legal advised First Quantum Minerals Ltd. (“FQM”) in the offering and issuance of its $1,300,000,000 aggregate principal amount of 8.625% senior notes due 2031 (the “Notes”).
Morgan & Morgan Legal advised Greenwood Energy Central America Corp. in connection with the financing for the development, construction, commissioning, and operation of a 40MW photovoltaic power park.
Panama, June 1, 2023. Morgan & Morgan Legal represented Greenwood Energy Central America Corp. (“Greenwood”), in the financing for the development,
Morgan & Morgan Legal advised Inmobiliaria Casas Grandes, S.A. in the constitution and registration of FIDEICOMISO INMOBILIARIO CASAS GRANDES as a Real Estate Investment Fund.
Panama, June 2, 2023. Morgan & Morgan Legal provided legal counsel to Inversiones Inmobiliarias Casas Grandes, S.A. (“Casas Grandes”), as sponsor,