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Morgan & Morgan
January, 2009 - Panama, Panama
Morgan & Morgan Advises Credit Suisse in a $40 Million Loan
Morgan & Morgan acted as Panamanian counsel to Credit Suisse and a group of lenders, in connection with a $ 40,000,000 loan granted to Ronair NV, a Netherlands Antilles company, which will be used to fund certain activities of its affiliate Tampa Cargo. Both companies are affiliates of Aerovías del Continente Americano, S.A. (AVIANCA).
The role of the firm included advising with respect to Panamanian Law, issues related to the creation and enforcement of the security package for the transaction. On the part of Morgan & Morgan, Inocencio Galindo, a partner at the firm, served as senior advisor, in collaboration with associates Ramon Varela and Kharla Aizpurua.
Oscar Estupián, Director of Credit Suisse, led the negotiating team for this transaction, which also included representation from Colombian law firm Prieto & Carrizosa, led by its partner Juan Fernando Gaviria and associates Cesar Parra Rodriguez and Laura Rey.
In the U.S. Credit Suisse received advice of the firm Mayer-Brown, which participated with a team, comprised of partner Douglas Doetsch, counselors Daniel Whitmore and Richard Cummings, and associate Brian Greene.
AVIANCA's lawyers in the U.S. were Smith, Gambrell & Russell, LLP, represented by partner Ronald Barab and associate Jessica Rissmiller.
Icaza, Gonzalez, Ruiz & Aleman was the law firm in Panama who advised AVIANCA, through its partners Alvaro Aleman and Alexis Herrera.
In Colombia AVIANCA was represented by the law firm Gomez Pinzón, Linares, Samper, Suárez, Villamil, Abogados S.A., through its partner Alejandro Linares Cantillo and associate Lina Uribe.
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