LOVILL represented seller, the largest logistics, security and mailing services company in Central America with headquarters in Guatemala in the sale of two business units dedicated to the secure transportation of valuables in Central America to a Spanish company which expanded its presence to 20 countries and increased its workforce to approximately 60,000 employees after the acquisition.

We act as sole legal counsel in Panama to a U.S. Fortune 500 Company dedicated to the manufacturing, import, export of consumer goods. Particularly, we assisted the company with the negotiation of their current most important provider in Panama, which included the settlement of an outstanding debt for 13 million dollars and the negotiation of a new distribution contract. LOVILL’s representation has been key to protect our client’s rights, as well as securing a new contract that allows client to achieve its business objectives.

Lovill advised an international investment and insurance fund established in Asia in the acquisition of a major South African insurance company with presence in Latin America, Africa, Europe, and Asia. The transaction involved the sale of a
pension fund, a trust and a life insurance company. Lovill gave the client multi-tier advice regarding all tax, regulatory, competition and corporate aspects of the sale.

LOVILL advised a multinational company in the purchase of a logistics holding group. The sale involved the negotiation of several bonds to guarantee the obligations of the seller, in the event of non-compliance of its obligations, and a trust to secure payment for the shares. The client obtained comprehensive advice involving every step of the transaction, from the negotiation of the agreement to the payment of the corporate taxes to finalize the transaction.

Lovill advised a subsidiary of a global telecommunications operator and IT services company in the closing of its business operations in Panama, which included cancellation of their licenses, dissolution and liquidation process, settlement of debts, tax returns and distribution to partners resulting from the liquidation.

We provided legal advice to a regional law firm in the purchase of a Panamanian corporation that acts as a holding of several operative corporations in the pharmaceutical industry. We focused in structuring the deal between the parties, carrying out a due diligence of the corporation and reviewing and drafting several agreements, such as the purchase of shares agreement, a promissory purchase or buy back shares agreement that would solely apply in the event of non-compliance of the buyer’s obligations and a trust to secure payment for the shares.

As a result of the services we provided to this regional firm, their client was able to successfully close the transaction in the expected timeframe and in convenient terms and conditions, as well as managing from both Panama and his country of residence all necessary closing documents for such purpose.