Morgan & Morgan
More informationWinning high praise from clients for its ‘technical capacity’ and ‘extensive knowledge’, Morgan & Morgan fields a broad banking and finance practice, encompassing commercial loans, real estate finance, debt refinancing and financial regulatory issues. The firm has also established an active insolvency-related practice (following the introduction of new legislation in Panama) and has growing expertise in the fintech and start-ups space. The financing of high-profile infrastructure and energy projects is another core source of mandates. The team is headed by Kharla Aizpurúa, whose wide-ranging practice takes in syndicated loans, project finance and M&A in the banking sector, and the highly experienced Inocencio Galindo. Ramon Varela and Ana Carolina Castillo, who was promoted to partner in January 2023, are key names to note on the energy and project finance front, and the team also includes Francisco Arias, Roberto Vidal, international associate Miguel Arias M and senior associate Alejandro Vasquez, who joined from Fabrega Molino in June 2022.
Testimonials
Collated independently by Legal 500 research team.
‘Morgan & Morgan has built a great level of trust with our organisation as they support us with the advice that we require to ensure the business progresses in the right way and have assisted us in the most significant transactions that we have executed to date. They stand out for the professional and timely nature of their responses.’
‘The team we have worked with has distinguished itself through its level of professionalism and technical capacity to meet our requirements. We have worked very closely with Roberto Vidal and Francisco Arias.’
‘Morgan & Morgan's extensive knowledge of the Panama Stock Exchange and the financial system, in addition to the particularities of trust and loan agreements, mean they are in a unique position to be able to represent us in the most favourable way in the structuring of different transactions and negotiations with financial institutions.’
‘The team at Morgan & Morgan have positive attributes such as attention to detail when preparing and reviewing documents, and knowledge of complex financial structures and instruments that allow them to stand out among the different firms in the market. In particular, Ana Carolina Castillo stands out as she has extensive knowledge and experience both in the financial markets and regulations, and in the energy industry.’
- 'What sets the team apart is the quality of the lawyers, their experience and personalised service. Competitive and reasonable fees.'
- 'The team show empathy for their clients, kindness and genuine interest.'
Key clients
- Banistmo
- Banco General
- BBVA
- Caterpillar Financial Services Corporation (CAT)
- Citibank
- Corporación Andina de Fomento (CAF)
- Credit Suisse
- MMG Bank Corporation
- Global Bank Corporation
- HSBC Bank USA
- Empresa Nacional de Autopistas (ENA)
- Bank of China
- BBP Bank
- International Finance Corporation (IFC)
- Davivienda
- Banco Mercantil
- ITAU Corpbank
- Avianca Holdings
- Generadora de Gatun
- Republic Bank Limited
- The Bank of Nova Scotia (ScotiaBank)
- Deetken Impact Sustainable Energy
- Consorcio Transeq-Estrella
- Waterfield Group
- Cirsa
- Banistmo Investment Corporation
- Global Financial Funds
- IDB Invest
- Orla Mining – Cerro Quema
- Alpha Credit
- Minera Panama
- AES Panama
- Electron Investment
- EcoSolar
- Greenwood Energy Central America
- Empresa Nacional de Energia
- EFG Capital International
- Lombard Odier & Cie.
- Ingeniería Estrella
- Transeq
Work highlights
- Advising Generadora de Gatun and AES Panama on the collateral package related to the senior and mezzanine financing for the companies to develop, own and operate an approximately 670 MW combined cycle natural gas-fired power plant.
- Advised Orla Mining, as borrower, and Minera Cerro Quema, as guarantor, with respect to a secured credit facility of $150m used to repay the existing project finance facility.
- Advised MMG Bank, as lender, on a financing for Daconan Star Solar to be used for the expansion of the capacity of the 3.24 MW Daconan Solar photovoltaic project, located in the province of Veraguas.
Lawyers
Practice head
The lawyer(s) leading their teams.
Kharla Aizpurúa, Inocencio Galindo