Panama, December 16, 2019. Morgan & Morgan repeated as a leading Panamanian firm in The Legal 500 – Latin America Guide. Banking and Finance, Corporate and M&A, Dispute Resolution, Intellectual Property, Offshore and Shipping earned the top-tier rankings.
In addition, five lawyers of the firm received recommendations:
Panama, August 5, 2019. Mayte Sanchez, associate at the Litigation and Dispute Resolution practice group of Morgan & Morgan, was invited to participate as speaker in the National and International Arbitration Seminar, organized by the Conciliation and Arbitration Center of Panama (CeCAP, for its initials in Spanish).
The activity, which was held as part of the 25th Anniversary of CeCAP, covered important subjects on national and international arbitration laws, trends and regulations.
Morgan & Morgan represented Electron Investment, S.A. in an arbitration process filed by Constructora Seli Panamá, S.A. before the International Chamber of Commerce
Morgan & Morgan was part of the team of lawyers that represented Electron Investment, S.A. (“EISA”), in an arbitration process filed by Constructora Seli Panamá, S.A. (“SELI”), before the International Chamber of Commerce (“ICC”).
The request for arbitration was filed by SELI following certain disputes related to the contract for the construction of the tunnels of Pando and Monte Lirio Hydroelectric Projects, a contract that had been terminated by EISA as a result of a series of breaches by SELI, mainly due to failure to meet the deadline for the completion of the works. The construction contract was an EPC (engineering, procurement and construction) using the silver book of the International Federation of Consulting Engineers (FIDIC, by its initials French), where the contractor assumes responsibility for the design and construction of the project, in this case, of the tunnels of the hydroelectric power plants.
The process was under arbitration at law, according to Panamanian law and according to the rules of procedure of the ICC, having seat in Panama City, Republic of Panama. The total sum of the claim filed by SELI amounted to US$94,065,202.00; and EISA, for its part, filed a counterclaim for an amount of US$110,000,000.00.
After the evidence was heard and the corresponding steps of procedure were concluded, the arbitral tribunal issued the final award dated January 29, 2018, communicated to the parties on February 14, 2018, accepting most of the EISA’s claims and ordering SELI to pay EISA the sum of US$22,524,862.58; that after compensating the sums recognized in favor of SELI, results in an amount in favor of EISA of US$14,653,362.12, plus costs and expenses.
SELI subsequently filed a motion for annulment of the award before the Fourth Chamber of General Businesses of the Supreme Court of Justice, which is pending resolution.
EISA is a Panamanian company whose shareholders are Aurel, S.A. (a Panamanian company owned by Grupo Eleta), Compañía Española de Financiación del Desarrollo, COFIDES, S.A. (a Spanish company whose purpose is to provide medium and long-term financing for viable private investment projects abroad in which there is Spanish interest), and Genera Avante, S.L. (a Spanish owned company of Grupo Inveravante).
EISA has two hydroelectric generation concessions that use of the waters of the Chiriqui Viejo, Pando and Monte Lirio Rivers, which together have an installed capacity of 85MW. Monte Lirio started operations in October of 2014, while Pando is still under construction due to delays in the excavation of the tunnel.
José Carrizo and Ramón Varela, partners; and the associates Mayte Sánchez, Ana Carolina Castillo Solís and Analissa Carles, participated in this process.
Attorneys Ricardo Aleman, Aristides Anguizola, Jose Carrizo, Mayte Sanchez and Ramon Varela, participated as contributors in the investigation process for Panama of the publication Doing Business 2019: Training for Reform, an emblematic report of the World Bank Group that summarizes regulations that enhance business activity across 190 economies.
The full report is available for download here.
Mayte Sanchez Gonzalez, associate of the Litigation and Dispute Resolution practice group of the firm, contributed with the Panama chapter of The World Justice Project (WJP) Rule of Law Index 2017-2018 Report.
The publication, which was supported by experts from different countries, presents a portrait of the rule of law in 113 countries by providing scores and rankings bases on eight factors: constraints on government powers, absence of corruption, open government, fundamental rights, order and security, regulatory enforcement, civil justice, and criminal justice.
The PDF version is available online here.
Morgan & Morgan represented an insurance company in a civil process of claim for a defective life insurance policy
Morgan & Morgan represented a prestigious company in the electricity sector, in a criminal complaint filed against them, their directors and technical staff, for the alleged commission of crime against collective security.
Partner Omar Rodriguez and associates Rodolfo Palma, Humberto Vanegas and Mayte Sanchez, participated in this process.
Morgan & Morgan represented a company from the construction industry in an arbitration process against the Panamanian State
We advised a recognized foreign company in the construction industry that has an arbitration process against the Panamanian State as a result of the execution of a multi-million dollar construction contract, under the rules of the International Court of Arbitration (ICC) including protective measures.
Partner Jose Carrizo, and associates Mayte Sanchez, Ana Carolina Castillo Solis and Analissa Carles, participated in this process.
Morgan & Morgan represented an energy generation company in an arbitration process derived from an EPC Contract
Morgan & Morgan represented a major power generation company in a multi-million dollar arbitration lawsuit in which alleged damages were allegedly caused by the breach of an EPC Contract, where our client had counterclaims.
Partner Jose Carrizo, and associates Mayte Sanchez and Nayubel Rivera, participated in this process.