"They are huge and take all sorts of clients," says one competitor about Morgan & Morgan. Easily Panama's largest, the firm's full-service practice spans across multiple disciplines....
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"They are huge and take all sorts of clients," says one competitor about Morgan & Morgan. Easily Panama's largest, the firm's full-service practice spans across multiple disciplines. "Excellent professionals," remarks another peer about the quality of the firm's lawyers. "We have good relations with them and if we have a conflict of interest we refer [clients] to them."
For financial and corporate work, peers name Francisco Arias G and Inocencio Galindo as the firm's leading lawyers. 2010 was an active year for the firm. Morgan & Morgan represented HSBC, acting as administrative agent and lender, in a bridge loan facility to Ideal Panama. The transaction will be used for the construction of two hydroelectric generation facilities, the 87MW Baitún Project and the 54MW Bajo la Mina Project.
On the M&A front, the firm advised MAPFRE America as it acquired a controlling stake of Aseguradora Mundial, a Panamanian insurance company. In other financing deals, the firm advised Credit Suisse as it loaned $40 million to local companies connected with Avianaca (Aerovias del Continente Americano), and in a separate transaction, advised the International Financial Corporation (IFC) as it loaned $70 million to Avianca. In addition, the firm represented Caterpillar Leasing Chile in a $48 million secured loan to Ferreyros subsidiary, Inti Inversiones Interamericana.
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