On 15 January 2021 the UK Supreme Court handed down its decision on the test case brought by the UK’s Financial Services Authority (FCA) on behalf of UK policyholders. The Supreme Court largely found in favour of the issues on which the FCA chose to appeal. As a result, the 21 sample business interruption wordings considered by the Supreme Court will provide cover to policyholders for a meaningful portion of their COVID-19 business interruption...

Austria showed the largest increase in 3D printing patent applications worldwide.

Panama, December 23, 2020. Morgan & Morgan advised Farmalisto, a health technology platform with presence in Mexico, Colombia, and Peru, with respect to the equity investment made by HBM Healthcare Investments (Cayman) Ltd., Inter-American Investment Corporation, Morgan Rio Capital Management, and other minority investors for the amount of up to US$18,000,000.00 in Farmalisto.

This year has been challenging in many ways. It has also been one of the busiest years in recent times for changes in the legal and regulatory regime.

Starting from December 20 and until January 6th, travel from the UK is not allowed: whoever have stayed or transited in the UK in the 14 days preceeding the travel date is not allowed entry into Italy. Travellers from UK who are already in Italy, must contact the relevant local health authority immediately and take a COVID-19 test.

Panama, November 30, 2019. Morgan & Morgan acted as Panamanian Counsel to Itaú Corpbanca and the other lenders, in connection with two credit agreements granted by certain lenders and Itaú Corpbanca, as administrative agent, for amongst other, the refinancing of certain existing debt of Decameron group.

Panama, November 16, 2020. Morgan & Morgan acted as counsel to Banistmo, S.A., in connection with the issuance and placement of senior secured notes due 2048 with an interest rate of 4%, for an amount up to US$400,000,000.00, issued through the ENA Master Trust, a special trust vehicle created by Empresa Nacional de Autopistas, S.A. (ENA) to raise the funds to refinance certain obligations amongst others of ENA Sur, S.A. and ENA Este, S.A.,...

On 27 June 2020, Cambodia implemented two new laws, as follows: (i) the Law on Anti-Money Laundering and Combating the Financing of Terrorism and (ii) the Law on Combating the Financing of Weapons of Mass Destruction Proliferation.

Law No. 19 of 2020 amends Article 11 of Law No. 13 of 2008 concerning Interim Registration in Dubai. The amendment deals mainly with the circumstances in which a challenge to a previous decision by Dubai Land Department, cancelling a sale and purchase agreement registered on the interim register, can be brought (noting that such a challenge is not permitted where such decisions were undertaken in compliance with relevant laws).

Following the passing of the bill by the House of Representatives on 5 October 2020, Law No. 11 of 2020 on the Job Creation Law (the “Job Creation Law”) was finally enacted on 2 November 2020. It involves and effects (to widely varying degrees) over 78 existing laws ranging from land licensing, investment, manpower, government administration and spatial planning to ease the conducting of business and commercial activities.