The Banking, Finance and Capital Markets team at Alemán, Cordero, Galindo & Lee recently acted as counsel to the lender banks, which included Banistmo, Banesco, St. George's Bank, Caja de Ahorros, Bladex, Credicorp Bank, Banco Aliado and Bancolombia, in relation to the Soho Trust, for USD$400 million, wherein the banks, as lenders to the settlors, were beneficiaries.
For the second consecutive year, Alcogal sponsored the annual STEP Latin-American Conference.
The Corporate and M&A team at Alemán, Cordero, Galindo & Lee, along with the Banking, Finance and Capital Markets team, advised Citigroup in the acquisition by Scotiabank of the banking and commercial operations of Citigroup’s 27 branches in Panama and Costa Rica. Through this acquisition, Scotiabank’s total number of clients in these two countries increased to nearly 400,000.
We have received a Notice issued by the Premier’s Office of The British Virgin Islands regarding certain legislative changes to be implemented as of January 1st, 2016 in respect of beneficial ownership information and registers of directors of BVI companies.
In October 2015, Alcogal participated as one of the main sponsors of the Latin American conference organized by STEP (Society of Trust and Estate Practitioners) that was held in Sao Paulo, Brazil. More than 300 professionals from the region, all specialists in trusts and estate planning, attended the conference titled "Where the common law and civil law converge: the crossroads of the future." Alcogal partner Raul Zuniga from Panama and associates Jacqueline Schwartz from Uruguay and Santiago Isbert from Argentina attended the conference.
ALEMAN, CORDERO, GALINDO & LEE was established in 1985 and has quickly become one of Panama's leading law firms in the offshore area as well as in banking law and in representing large corporations doing business in the country. The firm's offshore practice is supported by its offices in the Bahamas, Belize, British Virgin Islands, Dubai, Geneva, Hong Kong Continue reading ...
