Morgan & Morgan
High Net Worth Guide 2024
About
Firm Overview:
Morgan & Morgan has within its ranks a skilled and seasoned team of attorneys, business executives and accountants with over 40 years of experience in the trust and corporate services industry. While this business was mainly transactional for decades, with clients rarely requesting anything else but the product, our perception of the client´s needs confirm that is changing. Our clients expect and require we advise them on several important topics such as asset protection, estate planning and succession plans.
We find that our clients are requesting, more and more, that we provide basic estate planning, accounting services and other corporate services. Considering this shift, we have expanded our team that deals with HNW individuals and families that require a more holistic solution. We feel we have, with Partners Castro and Barrios, a distinct advantage in this niche. We have kept adding lawyers and personnel to this line of business in our belief that clients will be more demanding.
Having a physical presence in each of the main jurisdictions we work with gives us a huge advantage over local peers as we avoid extra costs not having to outsource and by having first knowledge of local changes in legislation that may affect our clients.
Our use of technology to give the client a better and more satisfying experience as well as making us a more efficient operation will differentiate us from other local firms. Cybersecurity is a priority in our firm an experience and we sincerely doubt that any other of the local peers is investing in data protection and cybersecurity or has the team of experts of Morgan & Morgan.
Main Areas of Practice:
Estate Planning, Trusts & Private Foundations:
The firm helps its HNW clients in the process of anticipating and arranging for the management and distribution as well as achieving tax efficiencies, of a client’s estate during that client’s life and after his passing. The firm´s expertise in trust creation and management through its wholly owned, and duly regulated trustee subsidiaries in BVI, Belize and Panama, as well as its use of Panamanian Private Interest Foundations is an area of expertise that is well recognized by institutional clients, family offices and HNWI.
Company Formation & Corporate and Secretarial Services:
The firm assists clients in the process of incorporating companies in multiple jurisdictions, such as Belize, the British Virgin Islands, the Bahamas, Panama, and others, thus enhancing asset protection and privacy as well as facilitating commercial endeavors. It is important to note that the firm has substantial expertise in helping clients meet Economic Substance requirements which are in place throughout the major jurisdictions. The firm is increasingly being sought out by Family Offices that want to establish their headquarters in a stable country, with a financial system based on the US dollar and a law firm with the capacity to handle all their affairs.
International Tax Law:
The firm helps its clients providing multijurisdictional, tax compliant solutions, specialising in Panamanian laws that offer numerous benefits, including fiscal incentives, for establishing your company in the Republic of Panama. In addition, the firm helps advise on the implementation of tax efficient strategies for multinational groups.
Private Funds:
The firm’s wholly owned subsidiary in The Bahamas, MMG Fund Services (Bahamas) Ltd., creates private fund structures for HNW individuals and families under the flexible SMART fund legislation MMG Fund Services also serves as administrator for Professional Funds under The Bahamas’ legislation. This is a modern, much sought out, structure perfect for managing liquid assets.
Multijurisdictional Structures:
The firm’s experience in several jurisdictions to create tax efficient multijurisdictional structures is well regarded by institutional clients. Morgan & Morgan is knowledgeable in the benefits of several atypical jurisdictions and its products, such as New Zealand, Barbados, United Kingdom, The Netherlands, and Wyoming, among others.
Compliance Services & Reporting Standards:
The need for deeper and more ample due diligence investigations for the firm´s onboarding process for new clients has produced a new service for HNWI that wish to investigate the background of clients, service providers, etc. Panama Compliance Services Inc is a registered and duly regulated compliance company which uses several private and public databases to provide know your client’s policies, ongoing education, and background checks.
Additionally, it must be highlighted that Morgan & Morgan’s knowledge in QI, FATCA and CRS requirements is unique, and it is at the forefront of this practice in Panama and the other jurisdictions where the firm provides services.
Ranked Offices
Provided by Morgan & Morgan
- Panama CityMMG Tower, 23rd Floor Paseo del Mar Avenue Costa del Este , Panama City, Panama, Panama, 0832-00232
- Web: www.morimor.com
- Tel: +507 265 7777
- Fax: +507 265 7700
- View ranked office
Contributions
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Morgan & Morgan rankings
Articles, highlights and press releases
222 items provided by Morgan & Morgan
Morgan & Morgan is recognized as Pro Bono Leading Lights 2024
For twelve consecutive years, Morgan & Morgan has received the “Leading Lights” recognition in Latin America for the firm´s Pro Bono program. Only Morgan & Morgan achieved this status in Panama, sharing honors with leading regional firms.
Morgan & Morgan is recognized as “Panama Law Firm of the Year” in the Chambers Latin America Awards
Morgan & Morgan has been awarded “Panama Law Firm of the Year” at the 2024 Chambers Latin America Awards held in Miami City by the prestigious international directory Chambers & Partners.
Morgan & Morgan is recognized by the American Chamber of Commerce and Industries
Morgan & Morgan is recognized by the American Chamber of Commerce and Industries (AmCham) for its good corporate governance practices.
The Role of Regulated Compliance Companies in the Non-Financial Regulated Sector
There are more than 35 compliance companies duly registered and regulated by the Panamanian Superintendence of Non-Financial Regulated Subjects.
Morgan & Morgan advised the shareholders of CHDD in the sale of a major participation in the company
Morgan & Morgan advised the shareholders of Clínica Hospital de David, S.A. in the sale of a major participation in the company to Grupesal Panama, Inc.
Morgan & Morgan advised MMG Trust, S.A. in the acquisition of Mercantil Trust & Finance, Inc.
Morgan & Morgan advised MMG Trust, S.A. in the acquisition of Mercantil Trust & Finance, Inc.
What is a carbon credit and how is it traded in Panama?
The need to find mitigation mechanisms against climate change increases as time passes. In this context, Panamanian legislation is directly influenced by international instruments whose main objective is to combat the effects of climate change and assume commitments to reduce GHGs.
The Role of the Reserve Director in BVI and Belize
This article is intended to inform about the advantage of using a “Reserve Director” in the jurisdictions of the British Virgin Islands (BVI) and Belize.
Morgan & Morgan advised in the sale of Pharma Consulting Group, S.A. to Swixx BioPharma AG.
Morgan & Morgan advised Biocorp Holding, S.A. in the sale of Pharma Consulting Group, S.A. to Swixx BioPharma AG.
Morgan & Morgan advised CIFI on the first corporate securities issuance through iLink platform
Morgan & Morgan advised CIFI on the first corporate securities issuance through iLink platform of Latinclear with Euroclear.
Morgan & Morgan advised Platinum Brands, S.A. on acquisition of KFC and Dairy Queen assets in Panama
Morgan & Morgan has advised Platinum Brands, S.A. (“PBSA”) on the acquisition of assets related to the operation of the Kentucky Fried Chicken (KFC) and Dairy Queen franchises in the Republic of Panama, previously owned by Franquicias Panameñas, S.A. (“FPSA”).
Morgan & Morgan advised in connection with The Azuero Reforestation Project
Morgan & Morgan advised Carbon Streaming Corporation and Rubicon Capital LLC in connection with The Azuero Reforestation Project, one of the largest nature-based carbon removal initiatives in Central America.
Electoral Labor Immunity in Panama
Electoral labor immunity in Panama is a matter of crucial importance for both employers and employees, to ensure fairness and democratic participation in the electoral process, especially for those employees who decide to run as candidates or are elected to public office.
Morgan & Morgan Legal advised Grupo Estrella in relation to a syndicated term loan financing
Morgan & Morgan Legal advised Grupo Estrella in relation to a syndicated term loan financing granted by certain local banks.
Recent AML Compliance Actions taken by the Government of Belize.
In July 2011 Belize faced its Third Round of Mutual Evaluation by the Caribbean Financial Action Task Force (CFATF). As a result of this, in November 2013, CFATF issued a public statement listing Belize as a jurisdiction with strategic deficiencies in its AML/ATF regime.
Morgan & Morgan Legal advised Cirsa Finance International S.à.r.l. in connection with a €650 million
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 €650 million.
Morgan & Morgan Legal advised Sojitz Corporation in the acquisition of Grupo Sílaba.
Morgan & Morgan Legal advised Sojitz Corporation in the acquisition of the shares of Silaba Motors (also known as "Grupo Sílaba"), a major automobile distributor operating in the Republic of Panama.
FUNDAMORGAN, Morgan & Morgan's Corporate Foundation, consolidates its strategy.
With more than 20 years of an emblematic trajectory, FUNDAMORGAN has inaugurated its new offices in Marbella, Panama City. The new location intends to offer more comprehensive, accessible, and dignified attention to the people who participate in and benefit from its programs.
Morgan & Morgan Legal advised Mercandú in a capital raising round to expand its e-commerce platform.
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, in a capital raising round.
Guide to Governmental Procurement in Latin America: Panama
The Republic of Panama promotes the participation of foreign companies in its public procurement market and encourages competition to ensure efficiency and quality in the execution of projects and the provision of goods and services.
Morgan & Morgan is recognized as Pro Bono Leading Lights 2023.
For eleven consecutive years, Morgan & Morgan has received the “Leading Lights” recognition in Latin America for the firm´s Pro Bono program. In Panama, only Morgan & Morgan achieved this status, sharing honors with leading regional firms.
Morgan & Morgan advised Rhenus in the acquisition of certain subsidiaries of BLU Logistics
Morgan & Morgan Legal advised Rhenus in connection with the acquisition of certain Panamanian subsidiaries of BLU Logistics.
The amendments to the British Virgin Islands (“BVI”) Business Companies Act (the “BC Act”) and BVI Business Companies Regulations (the “Regulations”) were published by the BVI government and entered into force on 1 January 2023.
Morgan & Morgan Legal advised Orla Mining and Minera Cerro Quema in a US$200 million finance
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.
Belize: Ultimate Beneficial Ownership (UBO) Information
The Belize Companies (Amendment) Act 2023 came into force on 13th July 2023 by which the Ultimate Beneficial Ownership (UBO) information should be filed with the Companies Registry- via the Online Business Registry System (OBRS).
The Bahamas´ New Business Licence Act, 2023
Business Licence Act, 2023 (the “New Act”) which repeals and replaces the Business Licence Act, 2010 (the “Repealed Act”) is now in force along with the ancillary Business Licence Regulations, 2023 (the “New Regs”).
Morgan & Morgan outstands in Chambers Latin America 2024.
Morgan & Morgan consolidates its position as the leading law firm in Panama in Chambers Latin America Guide 2024, the key reference point of Latin American top law firms.
Morgan & Morgan Legal advised in connection with the offering of €700 million senior secured notes
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.
Morgan & Morgan Legal advised in relation to a US$90 million senior secured loan granted to Banesco
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.
Morgan & Morgan achieves Band 1 in the Chambers High Net Worth Guide 2023.
For the eight consecutive year Morgan & Morgan have been designated a "Band 1" Law Firm in Panama in the Private Wealth Law section of Chambers Hight Net Worth Guide 2023, a publication aimed at the international private wealth market and a key reference point of the world´s leading firms.
Morgan & Morgan is recognized as Pro Bono Leading Lights 2024
For twelve consecutive years, Morgan & Morgan has received the “Leading Lights” recognition in Latin America for the firm´s Pro Bono program. Only Morgan & Morgan achieved this status in Panama, sharing honors with leading regional firms.
Morgan & Morgan is recognized as “Panama Law Firm of the Year” in the Chambers Latin America Awards
Morgan & Morgan has been awarded “Panama Law Firm of the Year” at the 2024 Chambers Latin America Awards held in Miami City by the prestigious international directory Chambers & Partners.
Morgan & Morgan is recognized by the American Chamber of Commerce and Industries
Morgan & Morgan is recognized by the American Chamber of Commerce and Industries (AmCham) for its good corporate governance practices.
The Role of Regulated Compliance Companies in the Non-Financial Regulated Sector
There are more than 35 compliance companies duly registered and regulated by the Panamanian Superintendence of Non-Financial Regulated Subjects.
Morgan & Morgan advised the shareholders of CHDD in the sale of a major participation in the company
Morgan & Morgan advised the shareholders of Clínica Hospital de David, S.A. in the sale of a major participation in the company to Grupesal Panama, Inc.
Morgan & Morgan advised MMG Trust, S.A. in the acquisition of Mercantil Trust & Finance, Inc.
Morgan & Morgan advised MMG Trust, S.A. in the acquisition of Mercantil Trust & Finance, Inc.
What is a carbon credit and how is it traded in Panama?
The need to find mitigation mechanisms against climate change increases as time passes. In this context, Panamanian legislation is directly influenced by international instruments whose main objective is to combat the effects of climate change and assume commitments to reduce GHGs.
The Role of the Reserve Director in BVI and Belize
This article is intended to inform about the advantage of using a “Reserve Director” in the jurisdictions of the British Virgin Islands (BVI) and Belize.
Morgan & Morgan advised in the sale of Pharma Consulting Group, S.A. to Swixx BioPharma AG.
Morgan & Morgan advised Biocorp Holding, S.A. in the sale of Pharma Consulting Group, S.A. to Swixx BioPharma AG.
Morgan & Morgan advised CIFI on the first corporate securities issuance through iLink platform
Morgan & Morgan advised CIFI on the first corporate securities issuance through iLink platform of Latinclear with Euroclear.
Morgan & Morgan advised Platinum Brands, S.A. on acquisition of KFC and Dairy Queen assets in Panama
Morgan & Morgan has advised Platinum Brands, S.A. (“PBSA”) on the acquisition of assets related to the operation of the Kentucky Fried Chicken (KFC) and Dairy Queen franchises in the Republic of Panama, previously owned by Franquicias Panameñas, S.A. (“FPSA”).
Morgan & Morgan advised in connection with The Azuero Reforestation Project
Morgan & Morgan advised Carbon Streaming Corporation and Rubicon Capital LLC in connection with The Azuero Reforestation Project, one of the largest nature-based carbon removal initiatives in Central America.
Electoral Labor Immunity in Panama
Electoral labor immunity in Panama is a matter of crucial importance for both employers and employees, to ensure fairness and democratic participation in the electoral process, especially for those employees who decide to run as candidates or are elected to public office.
Morgan & Morgan Legal advised Grupo Estrella in relation to a syndicated term loan financing
Morgan & Morgan Legal advised Grupo Estrella in relation to a syndicated term loan financing granted by certain local banks.
Recent AML Compliance Actions taken by the Government of Belize.
In July 2011 Belize faced its Third Round of Mutual Evaluation by the Caribbean Financial Action Task Force (CFATF). As a result of this, in November 2013, CFATF issued a public statement listing Belize as a jurisdiction with strategic deficiencies in its AML/ATF regime.
Morgan & Morgan Legal advised Cirsa Finance International S.à.r.l. in connection with a €650 million
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 €650 million.
Morgan & Morgan Legal advised Sojitz Corporation in the acquisition of Grupo Sílaba.
Morgan & Morgan Legal advised Sojitz Corporation in the acquisition of the shares of Silaba Motors (also known as "Grupo Sílaba"), a major automobile distributor operating in the Republic of Panama.
FUNDAMORGAN, Morgan & Morgan's Corporate Foundation, consolidates its strategy.
With more than 20 years of an emblematic trajectory, FUNDAMORGAN has inaugurated its new offices in Marbella, Panama City. The new location intends to offer more comprehensive, accessible, and dignified attention to the people who participate in and benefit from its programs.
Morgan & Morgan Legal advised Mercandú in a capital raising round to expand its e-commerce platform.
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, in a capital raising round.
Guide to Governmental Procurement in Latin America: Panama
The Republic of Panama promotes the participation of foreign companies in its public procurement market and encourages competition to ensure efficiency and quality in the execution of projects and the provision of goods and services.
Morgan & Morgan is recognized as Pro Bono Leading Lights 2023.
For eleven consecutive years, Morgan & Morgan has received the “Leading Lights” recognition in Latin America for the firm´s Pro Bono program. In Panama, only Morgan & Morgan achieved this status, sharing honors with leading regional firms.
Morgan & Morgan advised Rhenus in the acquisition of certain subsidiaries of BLU Logistics
Morgan & Morgan Legal advised Rhenus in connection with the acquisition of certain Panamanian subsidiaries of BLU Logistics.
The amendments to the British Virgin Islands (“BVI”) Business Companies Act (the “BC Act”) and BVI Business Companies Regulations (the “Regulations”) were published by the BVI government and entered into force on 1 January 2023.
Morgan & Morgan Legal advised Orla Mining and Minera Cerro Quema in a US$200 million finance
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.
Belize: Ultimate Beneficial Ownership (UBO) Information
The Belize Companies (Amendment) Act 2023 came into force on 13th July 2023 by which the Ultimate Beneficial Ownership (UBO) information should be filed with the Companies Registry- via the Online Business Registry System (OBRS).
The Bahamas´ New Business Licence Act, 2023
Business Licence Act, 2023 (the “New Act”) which repeals and replaces the Business Licence Act, 2010 (the “Repealed Act”) is now in force along with the ancillary Business Licence Regulations, 2023 (the “New Regs”).
Morgan & Morgan outstands in Chambers Latin America 2024.
Morgan & Morgan consolidates its position as the leading law firm in Panama in Chambers Latin America Guide 2024, the key reference point of Latin American top law firms.
Morgan & Morgan Legal advised in connection with the offering of €700 million senior secured notes
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.
Morgan & Morgan Legal advised in relation to a US$90 million senior secured loan granted to Banesco
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.
Morgan & Morgan achieves Band 1 in the Chambers High Net Worth Guide 2023.
For the eight consecutive year Morgan & Morgan have been designated a "Band 1" Law Firm in Panama in the Private Wealth Law section of Chambers Hight Net Worth Guide 2023, a publication aimed at the international private wealth market and a key reference point of the world´s leading firms.