Alcogal participated as adviser to JP Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated in connection with a US$550 million 144a/Reg S bond offering by Banco General S.A.

 The deal closed in August 2017.

 Partner Arturo Gerbaud, along with associates Rita de la Guardia and Rafael Marquínez, participated in this transaction.

On July 14th, a Gala Dinner was held at the Salón Las Perlas, Club Unión, in commemoration of the 50th anniversary of the USMA Law Students Association. Alcogal participated as sponsor of this first major event of the year, which had as main objective to raise funds for the benefit of the student body of the Faculty of Law and Political Sciences of Universidad Católica Santa María La Antigua.

Alcogal advised Banca de Inversión Bancolombia (BIB) in the sale of the Soho Project, for US$350 million. The Soho project is the largest high-end luxury commercial real estate project in Panama, including two office towers, a hotel and a luxury shopping center. This is a unique transaction as it results from sanctions imposed by the Office of Foreign Assets Control (OFAC) of the Department of the Treasury on the Waked Group, which previously owned this project. The shares of the entity that owned the Soho Project were placed in trust with the Banco Nacional de Panamá with the purpose of selling the project for the benefit of its creditors. It is the first transaction of its kind in Panama and perhaps the most expensive real estate transaction ever in Panama. The transaction closed in June 2017.

Partners Anibal Galindo and Eloy Alfaro, along with associates Patricia Cordero, Rita de la Guardia, and Eduardo Gomez, were in charge of this transaction.

Alcogal will sponsor the upcoming STEP Latin America conference to be held in Cartagena, Colombia on September 28 and 29, 2017. STEP (Society of Trust and Estate Practitioners) is an international organization of professionals specializing in trusts and estate planning who aim to educate and promote the responsible management of assets across generations.