Panama, July 4, 2022. Morgan & Morgan Legal advised Supermercados Xtra, S.A., one of the leading supermarket chains in Panama (the “Issuer”), and its shareholders in the registration of its 12,500,000 common shares (the “Common Shares”) with the Superintendency of Capital Markets of Panama for their negotiation in a secondary market transaction through the Latinamerican Stock Exchange (“Latinex”).

Panama, July 8, 2022. Morgan & Morgan Legal is pleased to announce the recent incorporation of Mr. Jose Rafael Reyes as partner and head of the Taxation practice group of the firm.

Economy, Development and Tourism Minister Nicolás Grau emphasized that the amount “shows that foreign investment has not stopped in Chile” and welcomed investors’ confidence in the country’s medium- and long-term development.

Panama, June 30, 2022. Morgan & Morgan Legal advised Mercantil Holding Financiero Internacional, S.A. (MHFI), a subsidiary of Grupo Mercantil, in relation to the execution of the Promissory Share Purchase Agreement (the “SPA”) dated June 29, 2022, by and among the shareholders of Capital Bank, Inc. (“Capital Bank”) as sellers (the “Sellers”), and MHFI, as a buyer, whereby the parties agreed to execute the sale and transfer of 100% of the...

Amid a national push for net-zero emissions by 2060 and the growing appetite of international investors, China's green bond market is headed for another busy year, after reaching a new high in 2021, and surpassing its previous record of US$56.18 billion in 2019.

On 16 June 2022, the Prime Minister issued a Decree organizing the sale of units in real estate development projects, whether residential or touristic, to ensure buyers’ rights are protected.

The Securities and Commodities Authority (the “SCA”) has recently issued two decisions amending certain provisions of the SCA Resolution No. 13 of 2021 Concerning the Booklet of the Rules of Financial Activities and the Status Rectification Mechanism (“Rulebook”).

Following our previous alerts on the issuance of the Unified Economic Register Law No. (1) of 2020 and its Executive Regulations No. (12) of 2020, the Minister of Commerce and Industry has decided to establish the Unified Economic Register Unit under the Registration and Licencing Department. The decision was issued on 12 June 2022 and has been published in the Official Gazette on 19 June 2022 (the “Decision”).

CGA Bulletin - June

Oman’s tax landscape is changing rapidly. In 2019, excise tax was implemented in Oman.