{"id":53822,"date":"2025-12-17T16:06:39","date_gmt":"2025-12-17T16:06:39","guid":{"rendered":"https:\/\/my.legal500.com\/developments\/?post_type=press_releases&p=53822"},"modified":"2025-12-17T16:06:39","modified_gmt":"2025-12-17T16:06:39","slug":"morgan-morgan-advised-banco-davivienda-panama-on-historic-integration-with-scotiabank-in-panama","status":"publish","type":"press_releases","link":"https:\/\/my.legal500.com\/developments\/press-releases\/morgan-morgan-advised-banco-davivienda-panama-on-historic-integration-with-scotiabank-in-panama\/","title":{"rendered":"Morgan & Morgan advised Banco Davivienda Panam\u00e1 on historic integration with Scotiabank in Panama."},"content":{"rendered":"

Panama, December 1, 2025.\u00a0Morgan & Morgan acted as legal counsel to Banco Davivienda Panam\u00e1 in the successful closing of a landmark transaction involving the integration of Scotiabank Panam\u00e1\u2019s operations (The Bank of Nova Scotia) into Banco Davivienda Panam\u00e1.<\/strong><\/p>\n

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This transaction extends beyond Panama, as Scotiabank\u2019s operations in Costa Rica and Colombia will also be integrated into Grupo Davivienda in those countries. It is a transaction of significant regional impact, strengthening the financial position of two leading banking groups in Latin America. The integration across these three markets represents more than $60 billion in assets and a customer base exceeding 29.6 million, positioning the combined entity as one of the largest banking conglomerates in the region.<\/p>\n

The legal team was led by partner Roberto Vidal, alongside partners Ana Carolina Castillo, Jose Rafael Reyes, and Sophia Lee; senior associate Maria Eugenia Brenes; and associates Ariana Linares, Ang\u00e9lica Ortiz, David Ramos, Katia Pallares, Arantxa Fernandez, and Perla Pi\u00f1a, who played a key role in advising Banco Davivienda Panam\u00e1 throughout the transaction.<\/p>\n

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Morgan & Morgan is recognized as Pro Bono Leading Lights 2025.<\/strong><\/p>\n

Panama, December 1, 2025.\u00a0<\/strong>For thirteen consecutive years, Morgan & Morgan has received the \u201cLeading Lights\u201d recognition in Latin America for the firm\u00b4s Pro Bono program.<\/p>\n

Only Morgan & Morgan achieved this status in Panama, sharing honors with leading regional firms.<\/p>\n

This distinction is granted annually by Latin Lawyer, who, together with the Cyrus R. Vance Center for International Justice, investigates the institutionalization of the practice within the firms and the participation of their legal team.<\/p>\n

In 2025, Morgan & Morgan reaffirms its commitment to offer legal advice to more than 25 non-for-profit organizations (NGOs), highlighting the advice provided to Banco de Alimentos Panama and Marea Verde, two foundations that play a crucial role in their respective areas of work. Moreover, the firm continues to support adjustments to bills related to the maritime and corporate sector in Panama and provides regular advice to Trust Law, Vance Center, and Red Pro Bono, attending legal research on matters with social impact.<\/p>\n

We are very proud of the more than 40 lawyers of the firm who participated in this program in 2025, contributing their expertise and time to pro bono legal services.<\/p>\n

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Morgan & Morgan advised Grupo Estrella on the acquisition of Cemex Panama.<\/strong><\/p>\n

Panama, October 3, 2025.\u00a0<\/strong>Morgan & Morgan acted as legal counsel to Grupo Estrella in the acquisition of Cemex Panama\u2019s assets, a transaction valued at over US$200 million. The deal included the Cemento Bayano plant, located in Calzada Larga, Chilibre, with two integrated production lines, as well as cement, ready-mix concrete, and aggregates operations.<\/p>\n

Grupo Estrella, an industrial conglomerate headquartered in the Dominican Republic, has maintained a presence in Panama for over 12 years through major infrastructure and energy projects.<\/p>\n

\u201cWe are very pleased to strengthen our presence in Panama and be part of its growth and development. This investment will allow us to offer comprehensive solutions for the local and regional markets<\/em>,\u201d said Giuseppe Maniscalco, President of Grupo Estrella\u2019s Industrial Division and President of the Board of Directors of Cemento Bayano.<\/p>\n

Morgan & Morgan worked with a multidisciplinary team for this complex transaction, led by partner Kharla Aizpur\u00faa O., with the support of partners Jos\u00e9 Rafael Reyes, Milagros Caballero, Jos\u00e9 Carrizo, and Ra\u00fal Berm\u00fadez. The team also included senior associates M\u00f3nica Moreno, Mar\u00eda Eugenia Brenes, Rodolfo Palma and Allen Candanedo, and associates Eduardo Oteiza, Arantxa Fern\u00e1ndez, Katia Pallares, Ang\u00e9lica Ort\u00edz, Mar\u00eda Alejandra Rodr\u00edguez, Miguel Rodr\u00edguez, Yaneth Barrera, and David Ramos.<\/p>\n

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