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Alemán, Cordero, Galindo & Lee’s real estate practice receives a steady flow of instructions from financial institutions and real estate developers in connection with both transactional and financing matters. The department is jointly led by Lorenzo Marquínez, Eloy Alfaro and the highly-regarded Anibal Galindo. Recent highlights include advising Banistmo on the $67m financing for the construction and development of Pacific Point Torre 400 residential project in Punta Pacifica; assisting Banco General with financing matters related to the construction and development of residential project ‘The Crescent’ in Santa Maria Country Club; and representing London & Regional in all aspects of the master development of the Panama Pacifico Special Economic Area. Banking and finance expert Arturo Gerbaud is also very active in the sector. Other clients include Grupo Verdeazul, Ideal Living and BAC International Bank.

Led by María Arroyo, the real estate and property practice at Arias, Fábrega & Fábrega advises construction companies, developers, estate owners and operators on a wide array of sector-related services, including environmental matters, construction, tax and regulatory law, transactions and joint ventures. In one recent highlight, the team advised SQF Group on the stock issuance agreement related to a $12m investment by a group of investors including Estructuras Inmobiliarias. Senior associate Vivian Holness is another key figure in the department. Other representative clients include Arcos Dorados, Banco General, Chevron and Marriott Hotels.

Galindo, Arias & López’ real estate practice is active across the entire array of sector-related work, including regulatory, commercial and corporate matters, project development, the establishment of REITs, zoning, and environmental and tax law. Recent notable highlights include advising Inmobiliaria San Fernando on lease agreements related to its Metro Park development; assisting Inmobiliaria P&P with land acquisition and the development of an upscale residential project; and advising Grupo Amarilo on the development of several horizontal property projects, including Aviñon Towers, PH Sierra Club Residential and PH La Campiña Club Residential. The department is led by of counsel Salomón Behar and Lizbeth Villarreal is also well regarded. Other clients include Grupo Attie and Conservatorio.

Fabrega Molino’s real estate practice is led by José Augustín Preciado, who handles sector-related M&A deals, corporate governance, due diligence and compliance matters. The team advises businesses, individuals, investors and lenders on land acquisitions, credit facilities, commercial, residential and mixed-use developments, as well as zoning and the obtaining of permits.

Elizabeth Heurtematte heads the real estate practice at Latamlex / Lopez, Villanueva & Heurtematte and which primarily advises developers on real estate and construction law, licensing, environmental matters and zoning. Heurtematte recently led advice to Hato Montaña on co-ownership regulations of its 300 HAS project in Panama City; in other work the team assisted Subway Panama with all legal matters, including tax planning, acquisitions and lease agreements related to the company’s 100-plus locations across the country. Associate Omayra Silva is also active in the department. Patricia Villanueva left the firm in December 2017.

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  • Consolidated Group (Income Tax) Rules, 2019

    On 31 May 2019, Malta published the “Consolidated Group (Income Tax) Rules". The rules will come into force as from year of assessment 2020 and the rules introduce the concept of fiscal units into Maltese tax law .
  • Renewable energy in Ukraine: green auctions launched

    In the first half of 2019 alone, renewable energy facilities with a capacity of more than 1.5 GW were connected to the Ukrainian grid, with about 96% of those being solar and wind energy facilities. In the whole of 2018, which has been a record-breaking year so far, numbers were almost half as high. The Ukrainian market also remains very attractive to foreign investors, not least because of the lucrative feed-in tariff rates, which are paid out regularly. Now, after the adoption of the so-called law on green auctions, significant changes can be expected.
  • Economic Substance Requirements - Fund Managers

    The International Tax Co-operation (Economic Substance) Law, 2018 (the “ES Law”) came into effect in the Cayman Islands on 1 January 2019, requiring in-scope entities that carry on particular activities to have demonstrable economic substance in the Cayman Islands.
  • Shipping at the spotlight of terrorism

    Is terrorism the new norm for shipping?
  • Adidas three stripe Trademark Revocation

    In a judgment of the General Court of the European Union of the 19th June 2019, Adidas saw their hopes of extending their three stripes trademark dashed, as the court ruled that there was no distinctiveness in the three stripes trademark. Furthermore, the court held that the Adidas had failed to prove that the mark had acquired distinctive character through use throughout the member states of the EU.
  • David against Goliath – Libra vs Central Banks: Who will win?

    Working in the crypto and DLT space is like being on an emotional rollercoaster with feelings which range from curiosity, excitement, euphoria, revelation, shock, disappointment, hope, wonder and determination – did I miss any?
  • UK Telecoms company fined £100K over unsolicited marketing messages

    The Information Commissioner’s Office (‘ICO’) which is the UK’s data protection supervisory authority, recently issued a fine of £100,000 to EE Limited, a telecoms company operating in the UK. The fine was issued in response to EE Limited having sent two and a half million unsolicited direct marketing messages to its customers, back in early 2018. The direct marketing messages were sent without EE Limited having first obtained the required consent to send them to its clients.
  • British Airways and Marriott International Inc. face huge fines from UK data protection authority

    British Airways (‘BA’) may be hit with what will be the highest-ever penalty which the Information Commissioner’s Office (‘ICO’), the UK’s data protection supervisory authority, has handed out.
  • UAE Tax domicile certificate

    Issued by the Ministry of Finance in the United Arab Emirates (‘UAE’), the Tax Domicile Certificate (also referred to as the Tax Residency Certificate) enables eligible government entities, companies and individuals to take advantage of double taxation avoidance agreements on income signed by the UAE.
  • The Cayman Islands Data Protection Law, 2017

    The following information relates to the enactment of The Cayman Islands Data Protection Law, 2017 (" DPL "), which was expected to come into force on 29 January 2019, will now come into force in September 2019. The DPL will regulate the future processing of all personal data in the Cayman Islands.

Press Releases worldwide

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