Patton Moreno & Asvat (PANAMA)
Latin America Guide 2025
Patton Moreno & Asvat (PANAMA)
Email address
[email protected]Contact number
+507 306 9600Share profile
About
Managing Partner: Ebrahim Asvat
Number of partners: 9
Firm Overview:
With a strong international focus, Patton Moreno & Asvat was established in Panama in 1981. The firm is currently comprised of 19 attorneys and more than 60 employees, and has been providing legal services of the highest quality to local and international clientele for more than 40 years. Throughout its history, the firm have stood for commitment to quality and excellence in all aspects resulting in our firm and lawyers being recognized as a reference in core areas such as Maritime Law, Litigation & Arbitration, M&A, Corporate & Financial Law, Tax Law, amongst others.
Contacts:
Corporate: Maria de Lourdes Marengo, Ebrahim Asvat
Maritime: Maria Teresa Diaz, Belisario Porras
Contracts & Commercial Transactions: Khatiya Asvat
Public Procurement: Khatiya Asvat, Joaquín De Obarrio
Telecomm: Nadya Price, Khatiya Asvat
Energy: Nadya Price, Khatiya Asvat
M&A: Maria de Lourdes Marengo, Nadya Price
Banking Law: Nadya Price, Khatiya Asvat
Aeronautical Law: Maria de Lourdes Marengo
Civil & Maritime Litigation: Ebrahim Asvat, Maria de Lourdes Marengo, Khatiya Asvat, Joaquin De Obarrio
Arbitration: Ebrahim Asvat, Maximiliano Quintero, Joaquin De Obarrio
Real Estate & Tourism: Khatiya Asvat
Tax: Ebrahim Asvat, Maria de Lourdes Marengo, Khatiya Asvat
Private Wealth: Ebrahim Asvat, Maria de Lourdes Marengo
Labour Law: Khatiya Asvat, Joaquin De Obarrio
Immigration: Khatiya Asvat
International Work:
■ The firm acted as Panamanian lead counsel to Navigator Holdings Ltd (“Navigator”) on its agreement with Naviera Ultranav Limitada (“Ultranav”) to merge the business and fleet of the latter’s subsidiary Ultragas ApS (“Ultragas”) with Navigator.
■ Advisors to Alliance Airlines on all the legal matters related to the purchase of 14 Embraer E190 E-Jets aircraft and six spare engines, an FFS flight simulator and other training equipment.
■ Legal advisors to JP Morgan Securities LLP in a US$6.5 billion corporate refinancing deal of the world’s largest leisure travel company and cruise operator, Carnival
■ Legal advisors to Sumitomo Mitsui Banking Corporation, New York Branch and The Norinchukin Bank, in the recent acquisition and financing to Copa Airlines of five Boeing 737 MAX 9 aircraft ordered to Boeing in 2015
■ Legal advisors to the International Finance Corporation (IFC) in a credit facility transaction to finance the construction of Parque Logístico Lima Sur — US$28 million, a real estate development in the outskirts of Lima
■ Advisors to Lazard in the acquisition of the remaining 50% stake in MBA Lazard, its financial advisory business in Latin America outside Brazil and Mexico. The integration of offices in Argentina, Chile, Colombia, Peru and Panama with the US, Canada and Brazil offices creates the largest financial advisory platform in the Americas
■ Advice to Codere Group as Panamanian counsel in connection to issue two series of notes worth US$300 million and €500 million (US$538 million)
■ Advisors to Sun International in the merger transaction of Sun International’s Latin American portfolio (Monticello Grand Casino in Chile, Ocean Club Casino in Panama and the Sun Nao Casino in Colombia) with the casino and hotel portfolio of assets of Chilean-based leader in the gaming and entertainment industry, Dreams S.A., which resulted in the formation of the largest gaming company in Latin America, SUN DREAMS
■ Advice to PSA Panama International Terminal, S.A. as Panamanian counsel in connection with the project financing for the expansion of its container terminal located at the Pacific entrance of the Panama Canal
■ Advisors to Grupo Wisa, S.A., Westline Enterprises, Inc., affiliates and subsidiaries in the corporate restructuring process of Felix B. Maduro retail stores and Soho Mall project
■ Advisors to the Panamanian subsidiary of Phoenix Tower International, a US based company in the wireless communication tower site business, assisting with the acquisition of sites in Panama and their financing
■ Advisors to International Finance Corporation (IFC) as Panamanian counsel in several loan and acquisition transactions involving Panamanian companies in the banking, renewable energy, and micro finance sectors
■ Advice to a Chinese engineering and construction consortium in the prequalification stage of the public bid for the Fourth Bridge over the Panama Canal
■ Advice to PSA International in the prequalification stage of the bid for the Corozal port project announced by the Panama Canal Authority
■ Panamanian legal advisors to an international bank in connection with the transactions contemplated under a senior multicurrency term and revolving facilities agreement pursuant to the bank among other lenders, agreed to make available a term loan and revolving facility to be used for general corporate and working capital purposes of the group secured by, among others, ship mortgages over self-propelled jack-up vessels registered in Panama
■ Advice to several foreign banks with financing matters related to Panamanian registered aircrafts; the firm assisted with the drafting, preparing and filing aircraft leases, mortgages and all required filings before the Civil Aeronautics Authority
Clients:
Alliance Airlines; Aviation Capital Group; CMPC (Chile); Codere Group; Deutsche Bank; Engine Lease Finance; Fastenal Group; Grupo Shahani; Grupo Tzanetatos; Grupo Vicini; Hamburg Commercial Bank AG; Huawei Technologies; IBM; International Finance Corporation; Johnson Controls Panama, S. de R. L.; Novartis; Pandora Jewelry; Phoenix Tower International (USA); PSA Panama International Terminal (Singapur); Sun International; Textron Financial Corporation; The National Bank of Greece; Under Armour Inc and UA Panama, S. de R. L.; Zurich Insurance Company
Languages:
English, French, Gujarati, Portuguese, Spanish.
Ranked Offices
Provided by Patton Moreno & Asvat (PANAMA)
- Panama City8th floor, Capital Plaza Building, Roberto Motta Ave, Costa del Este, Panama City, Panama, Panama, 0819-05911
- Web: www.pmalawyers.com
- Tel: +507 306 9600
- Fax: +507 263 7887
- View ranked office
Contributions
Latest contributions provided by Patton Moreno & Asvat (PANAMA)
Patton Moreno & Asvat (PANAMA) rankings
Articles, highlights and press releases
32 items provided by Patton Moreno & Asvat (PANAMA)
Joaquín De Obarrio new President of the Panama Maritime Law Association
Panama City, April 25, 2024 - Patton, Moreno & Asvat is pleased to announce that our partner Joaquín De Obarrio has taken office as the President of the Panama Maritime Law Association (APADEMAR), along with our partner, Belisario Porras as Deputy Secretary.
Joaquín De Obarrio new President of the Panama Maritime Law Association
Panama City, April 25, 2024 - Patton, Moreno & Asvat is pleased to announce that our partner Joaquín De Obarrio has taken office as the President of the Panama Maritime Law Association (APADEMAR), along with our partner, Belisario Porras as Deputy Secretary.
Joaquín De Obarrio Sosa appointed new partner at Patton, Moreno & Asvat
Patton, Moreno & Asvat is pleased to announce the appointment of Joaquín De Obarrio Sosa as a new partner of the firm, as a testament to his exceptional performance, professionalism, and dedication to excellence.
Patton Moreno & Asvat is proud to be part of this important milestone for Panama by representing Qualified Investor #100, and many more clients, who have decided to establish themselves in Panama
PANAMÁ: Visa de Inversionista Calificado #100
Patton, Moreno & Asvat se enorgullece en formar parte de este importante hito para el país al representar al Inversionista Calificado #100, y a muchos clientes más, que han decidido establecerse en Panamá mediante este programa, aportando a la dinamización de los distintos sectores de la economía
Visa de Inversionista Calificado "Red Carpet Visa"
Panamá ha lanzado una nueva visa que viene de la mano de permanencia definitiva en el país. Esta visa está dirigida a inversionistas buscando un proceso migratorio sencillo, rápido y sin necesidad de estar físicamente en Panamá.
Qualified Investor Visa "Red Carpet Visa"
Panama has launched a new visa that comes hand in hand with permanent residence in the country. This visa is aimed at investors looking for a simple and fast immigration process without the need to physically be in Panama.
Visa de corta estancia como trabajador remoto
Panamá cuenta con una nueva categoría migratoria “Visa de Corta Estancia como Trabajador Remoto”. Esta nueva visa tiene el objetivo de impulsar a Panamá como un destino para extranjeros no residentes, quienes podrán operar como trabajadores a distancia.
Short stay visa as a remote worker
Panama has a new immigration category "Short Stay Visa as a Remote Worker". This new visa has the objective of promoting Panama as a destination for non-resident foreigners, who will be able to operate as remote workers.
Modificaciones a la Categoría Migratoria “Países Amigos”
Panamá ha establecido algunos cambios en la subcategoría de "residente permanente" para extranjeros nativos de países que mantienen relaciones amistosas, profesionales, económicas y de inversión con la República de Panamá, mejor conocido como la visa de Países Amigos. Esta visa ha sido una de las
Modifications to the Migratory Category “Friendly Nations”
Panama has established some changes in the subcategory of "permanent resident" for foreigners native to countries that maintain friendly, professional, economic and investment relations with the Republic of Panama, better known as the Friendly Nations visa. This visa has been one of the most popular
Agropark Operators and Developers Law 196 of February 8, 2021, enacts a Special Regime for the Establishment of Operators and Developers of Agroparks (the “Law of Agroparks” or the “Law”).
Régimen especial de impuesto sobre la renta para las Micro, Pequeñas y Medianas Empresas (“MIPYMES")
En Panamá, con la sanción de la Ley 189 de 17 de diciembre de 2020 se reforma el Código Fiscal y se crea un régimen especial del impuesto sobre la renta aplicable a las micro, pequeñas y medianas empresas, a los empresarios y a los emprendedores.
Panama's Ministry of Commerce and Industries has issued Executive Decree No. 274, which establishes incentives for cruise ships which adopt the Republic of Panama as their home port.
Law 160 of September 1st, 2020 extends the moratorium previously granted by Law 99 of October 11, 2019 in respect of payment of interests, surcharges and fines due to lack of payment of taxes of legal entities, natural persons and real estate property.
Patton, Moreno & Asvat advised in recent US$6.5 Billion refinance of Carnival
Our partners , Maria Teresa Diaz and Enrique Sibauste advised JP Morgan Securities LLP in a US$6.5 billion corporate refinancing deal of the world’s largest leisure travel company and cruise operator.
Panamá crea Ley que incentiva el establecimiento de Empresas Multinacionales de Manufactura
Mediante Ley 159 de 31 de agosto de 2020, la República de Panamá crea un régimen especial para el establecimiento y la operación de empresas multinacionales para la prestación de servicios relacionados con la manufactura (“EMMAs”).
Panama enacts Law promoting the establishment of Multinational Manufacturing Companies
Through Law 159 dated August 31, 2020, the Republic of Panama creates a special regime for the establishment and operation of multinational companies for the provision of services related to manufacturing (“EMMAs”).
Patton Moreno & Asvat asesora a Alliance Airlines en la compra de 14 Embraer E190
Patton, Moreno & Asvat actuó como asesores legales de Alliance Airlines en la reciente compra de 14 aeronaves Embraer E190 E-Jets y seis motores de repuesto, un simulador de vuelo FFS y otros equipos de entrenamiento.
Patton Moreno & Asvat acts as legal counsel for Alliance Airlines in the purchase of 14 Embraer E190
Patton, Moreno & Asvat advised Alliance Airlines on all the legal matters related to the recent purchase of 14 Embraer E190 E-Jets aircraft and six spare engines, an FFS flight simulator and other training equipment.
Panama enacts Law regulating Public-Private Partnerships for Development as an incentive for private investment, social development and job creation.
The Regulation of Call Centers in Panama
Call centers for commercial use (also known as “call centers”) are regulated in Panama by Law 52 of 2018 . This regulation is the result of international standards requirements by the Organization for Economic Cooperation and Development (OECD) and other countries in the region, to extensively ...
Panama implements system to protect the private information of final beneficiaries of legal entities
Through Law No. 129 of March 17, 2020, (hereinafter “the Law”) it has been approved the transfer of the custody of the information on the identity of the Final Beneficiaries of legal entities (hereinafter “the Law”) to the Superintendence of Non-Financial Subjects (hereinafter “Superintendence”).
Through Law 126 dated February 18, 2020, published and in force since February 19, 2020, the Republic of Panama regulates Teleworking as a recognized modality of the employment relationship.
Panama remains the first merchant marine registry in the world with nearly 8 thousand and more ships of different types and services. As open registry flag (be named that registry which does not maintain restrictions of nationality and in addition contains a series of fiscal and technical advantage
A Guide to Real Estate Investment
Panama’s real estate market has been growing during the last 10 years due in part to an increase in the promotion of Panama as a tourism and retirement destination. On any given day, Panama City’s skyline is beaming with construction cranes for high rise buildings, comprised of both commercial...
Legal regime of incentives to MARITIME FINANCING
Law 50 of June 28th, 2017 CONSIDERATIONS FOR THE CREATION OF LAW 50 ¿Why was this law created? In the maritime world there are cities that, based on their geographic and economic conditions, are renowned as international maritime financial centers. Examples of these cities would be: New York, Londo
Panama Corporations - Tax Identification Number (RUC) - Resolution No.201.1254
The General Directorate of Income ("DGI") of the Ministry of Economy and Finance adopted on March 7, 2018 Resolution No.201.1254 which provides that corporations constituted in the Republic of Panama must register with such institution, obtain a Tax Identification Number (RUC)
Enrique Sibauste - New Partner
Patton, Moreno & Asvat is pleased to announce the appointment of Enrique Sibauste as new Partner of the firm.
Special Regime for the Establishment and Operation of Headquarters of Multinational Companies
Law 41 of the 24 August 2007 and its further modifications create a special regime for the establishment and operation of Multinational Companies Headquarters and create the License Commission of Multinational Companies Headquarters. Purpose: To attract investments and promote the country as a
Joaquín De Obarrio new President of the Panama Maritime Law Association
Panama City, April 25, 2024 - Patton, Moreno & Asvat is pleased to announce that our partner Joaquín De Obarrio has taken office as the President of the Panama Maritime Law Association (APADEMAR), along with our partner, Belisario Porras as Deputy Secretary.
Joaquín De Obarrio new President of the Panama Maritime Law Association
Panama City, April 25, 2024 - Patton, Moreno & Asvat is pleased to announce that our partner Joaquín De Obarrio has taken office as the President of the Panama Maritime Law Association (APADEMAR), along with our partner, Belisario Porras as Deputy Secretary.
Joaquín De Obarrio Sosa appointed new partner at Patton, Moreno & Asvat
Patton, Moreno & Asvat is pleased to announce the appointment of Joaquín De Obarrio Sosa as a new partner of the firm, as a testament to his exceptional performance, professionalism, and dedication to excellence.
Patton Moreno & Asvat is proud to be part of this important milestone for Panama by representing Qualified Investor #100, and many more clients, who have decided to establish themselves in Panama
PANAMÁ: Visa de Inversionista Calificado #100
Patton, Moreno & Asvat se enorgullece en formar parte de este importante hito para el país al representar al Inversionista Calificado #100, y a muchos clientes más, que han decidido establecerse en Panamá mediante este programa, aportando a la dinamización de los distintos sectores de la economía
Visa de Inversionista Calificado "Red Carpet Visa"
Panamá ha lanzado una nueva visa que viene de la mano de permanencia definitiva en el país. Esta visa está dirigida a inversionistas buscando un proceso migratorio sencillo, rápido y sin necesidad de estar físicamente en Panamá.
Qualified Investor Visa "Red Carpet Visa"
Panama has launched a new visa that comes hand in hand with permanent residence in the country. This visa is aimed at investors looking for a simple and fast immigration process without the need to physically be in Panama.
Visa de corta estancia como trabajador remoto
Panamá cuenta con una nueva categoría migratoria “Visa de Corta Estancia como Trabajador Remoto”. Esta nueva visa tiene el objetivo de impulsar a Panamá como un destino para extranjeros no residentes, quienes podrán operar como trabajadores a distancia.
Short stay visa as a remote worker
Panama has a new immigration category "Short Stay Visa as a Remote Worker". This new visa has the objective of promoting Panama as a destination for non-resident foreigners, who will be able to operate as remote workers.
Modificaciones a la Categoría Migratoria “Países Amigos”
Panamá ha establecido algunos cambios en la subcategoría de "residente permanente" para extranjeros nativos de países que mantienen relaciones amistosas, profesionales, económicas y de inversión con la República de Panamá, mejor conocido como la visa de Países Amigos. Esta visa ha sido una de las
Modifications to the Migratory Category “Friendly Nations”
Panama has established some changes in the subcategory of "permanent resident" for foreigners native to countries that maintain friendly, professional, economic and investment relations with the Republic of Panama, better known as the Friendly Nations visa. This visa has been one of the most popular
Agropark Operators and Developers Law 196 of February 8, 2021, enacts a Special Regime for the Establishment of Operators and Developers of Agroparks (the “Law of Agroparks” or the “Law”).
Régimen especial de impuesto sobre la renta para las Micro, Pequeñas y Medianas Empresas (“MIPYMES")
En Panamá, con la sanción de la Ley 189 de 17 de diciembre de 2020 se reforma el Código Fiscal y se crea un régimen especial del impuesto sobre la renta aplicable a las micro, pequeñas y medianas empresas, a los empresarios y a los emprendedores.
Panama's Ministry of Commerce and Industries has issued Executive Decree No. 274, which establishes incentives for cruise ships which adopt the Republic of Panama as their home port.
Law 160 of September 1st, 2020 extends the moratorium previously granted by Law 99 of October 11, 2019 in respect of payment of interests, surcharges and fines due to lack of payment of taxes of legal entities, natural persons and real estate property.
Patton, Moreno & Asvat advised in recent US$6.5 Billion refinance of Carnival
Our partners , Maria Teresa Diaz and Enrique Sibauste advised JP Morgan Securities LLP in a US$6.5 billion corporate refinancing deal of the world’s largest leisure travel company and cruise operator.
Panamá crea Ley que incentiva el establecimiento de Empresas Multinacionales de Manufactura
Mediante Ley 159 de 31 de agosto de 2020, la República de Panamá crea un régimen especial para el establecimiento y la operación de empresas multinacionales para la prestación de servicios relacionados con la manufactura (“EMMAs”).
Panama enacts Law promoting the establishment of Multinational Manufacturing Companies
Through Law 159 dated August 31, 2020, the Republic of Panama creates a special regime for the establishment and operation of multinational companies for the provision of services related to manufacturing (“EMMAs”).
Patton Moreno & Asvat asesora a Alliance Airlines en la compra de 14 Embraer E190
Patton, Moreno & Asvat actuó como asesores legales de Alliance Airlines en la reciente compra de 14 aeronaves Embraer E190 E-Jets y seis motores de repuesto, un simulador de vuelo FFS y otros equipos de entrenamiento.
Patton Moreno & Asvat acts as legal counsel for Alliance Airlines in the purchase of 14 Embraer E190
Patton, Moreno & Asvat advised Alliance Airlines on all the legal matters related to the recent purchase of 14 Embraer E190 E-Jets aircraft and six spare engines, an FFS flight simulator and other training equipment.
Panama enacts Law regulating Public-Private Partnerships for Development as an incentive for private investment, social development and job creation.
The Regulation of Call Centers in Panama
Call centers for commercial use (also known as “call centers”) are regulated in Panama by Law 52 of 2018 . This regulation is the result of international standards requirements by the Organization for Economic Cooperation and Development (OECD) and other countries in the region, to extensively ...
Panama implements system to protect the private information of final beneficiaries of legal entities
Through Law No. 129 of March 17, 2020, (hereinafter “the Law”) it has been approved the transfer of the custody of the information on the identity of the Final Beneficiaries of legal entities (hereinafter “the Law”) to the Superintendence of Non-Financial Subjects (hereinafter “Superintendence”).
Through Law 126 dated February 18, 2020, published and in force since February 19, 2020, the Republic of Panama regulates Teleworking as a recognized modality of the employment relationship.
Panama remains the first merchant marine registry in the world with nearly 8 thousand and more ships of different types and services. As open registry flag (be named that registry which does not maintain restrictions of nationality and in addition contains a series of fiscal and technical advantage
A Guide to Real Estate Investment
Panama’s real estate market has been growing during the last 10 years due in part to an increase in the promotion of Panama as a tourism and retirement destination. On any given day, Panama City’s skyline is beaming with construction cranes for high rise buildings, comprised of both commercial...
Legal regime of incentives to MARITIME FINANCING
Law 50 of June 28th, 2017 CONSIDERATIONS FOR THE CREATION OF LAW 50 ¿Why was this law created? In the maritime world there are cities that, based on their geographic and economic conditions, are renowned as international maritime financial centers. Examples of these cities would be: New York, Londo
Panama Corporations - Tax Identification Number (RUC) - Resolution No.201.1254
The General Directorate of Income ("DGI") of the Ministry of Economy and Finance adopted on March 7, 2018 Resolution No.201.1254 which provides that corporations constituted in the Republic of Panama must register with such institution, obtain a Tax Identification Number (RUC)
Enrique Sibauste - New Partner
Patton, Moreno & Asvat is pleased to announce the appointment of Enrique Sibauste as new Partner of the firm.
Special Regime for the Establishment and Operation of Headquarters of Multinational Companies
Law 41 of the 24 August 2007 and its further modifications create a special regime for the establishment and operation of Multinational Companies Headquarters and create the License Commission of Multinational Companies Headquarters. Purpose: To attract investments and promote the country as a