Lovill

In one of the most significant strategic infrastructure transactions in Panama in recent years, LOVILL acted as legal counsel to NIC Holding Corp. in the transfer of its shares in Petroterminal de Panamá, S.A. (PTP) to the Panamanian State, in a transaction of major significance for the country's energy infrastructure sector. The transaction, formalized through the exercise of a contractual repurchase right, grants the Republic of Panama 100% control of the company's share capital.With this transaction, the Panamanian State assumes full ownership of PTP for the first time, a fundamental infrastructure asset for the interoceanic transport of hydrocarbons in the region.We express our gratitude to NIC Holding Corp. for trusting our team to assist them in this landmark transaction, which was led by Isabel Cristina López, alongside Alejandro Fung Mangravita, Christopher Glasscock and Gabriel Silva.This mandate reaffirms LOVILL's position as a leading firm in complex infrastructure transactions and high-impact strategic assets, both nationally and internationally.

Panama City, August 1, 2025 — LOVILL, a Panamanian law firm recognized for its involvement in high-profile cases across Latin America and beyond, has announced the promotion of Christopher Glasscock as a new partner in its dispute resolution team. This appointment reinforces the firm’s position as a leading force in litigation and international arbitration in the region. Glasscock’s promotion reflects LOVILL’s commitment to developing internal talent and upholding a culture of legal excellence, integrity, and strategic vision. Since joining the firm in 2017, he has built a steadily growing practice focused on civil, commercial, and administrative litigation, as well as national and international arbitration under ICC, ICSID, UNCITRAL, and CECAP rules. In recent years, he has represented multinational corporations, sovereign states, and state-owned entities in complex disputes across sectors such as construction, infrastructure, banking, real estate, logistics, telecommunications, and public procurement. His experience includes international arbitrations against Panamanian and Latin American state entities, investment claims under bilateral treaties, and cross-border insolvency proceedings, as well as litigation involving financial fraud, environmental protection, and asset restructuring in disputes exceeding USD 300 million. Glasscock holds a law degree from Universidad Católica Santa María la Antigua and an LL.M. in International Business and Economic Law from Georgetown University Law Center, where he also earned a certificate in International Arbitration and Dispute Resolution, graduating with honors and high distinction. He is admitted to practice law in Panama and the State of New York (USA). With this promotion, LOVILL strengthens its sustained growth strategy and consolidates a leadership team equipped to meet the most demanding legal challenges in today’s regional and global business environment. About LOVILL LOVILL is a law firm widely recognized by clients and international publications as a leading firm in Panama in areas such as corporate law, dispute resolution, banking and finance, tax, labor, administrative and regulatory law, and real estate. With a track record of advising on Latin America-wide matters and meeting the service standards required by Fortune 500 companies, multinationals, family offices, and investors, LOVILL stands out for its excellence in client service and rigorous quality control across all practice areas. Christopher Glasscock, Partner (pictured)