Morgan & Morgan

Throughout my career as a banker and as an attorney, as well as through experiences with friends and their families, I have noticed that there is no topic more taboo than talking to someone about their death and how they intend to distribute their accumulated assets during their lifetime. It is incredible that, for many, this topic is so difficult to face with an objective mind to leave their estate affairs in order, no matter how small it may be. After all, as the flamboyant singer of the band The Doors, Jim Morrison, said when referring to life: "Nobody gets out of here alive...

The United Kingdom (UK) Economic Crime (Transparency and Enforcement) Act (the Act”) came into force on 15th March, 2022. A new Register of Overseas Entities will be created and held by Companies House. This new Act forms part of the UK government’s strategy to combat economic crime, while making sure that legitimate businesses continue to see the UK as a great place to invest. What does this mean?The new register will require overseas entities that purchased any UK land (which for the avoidance of doubt includes all residential, commercial, or agricultural property) on or after 1 January 1999 to declare its beneficial owners or managing officers...

Morgan & Morgan has advised Platinum Brands, S.A. (“PBSA”) on the acquisition of assets related to the operation of the Kentucky Fried Chicken (KFC) and Dairy Queen franchises in the Republic of Panama, previously owned by Franquicias Panameñas, S.A. (“FPSA”). As part of this transaction, PBSA has assumed the operation of over 70 fast-food restaurants, as well as the entire payroll associated with these establishments. The acquisition involved a complex structuring that allowed PBSA to assume the business assets and certain liabilities with suppliers, in strategic alliance with FPSA...

Morgan & Morgan acted as local legal counsel to Carbon Streaming Corporation and Rubicon Capital LLC in relation to a Carbon Credit Stream Agreement by and between Azuero Reforestación Colectiva, S.A. (“ARC”), as Seller, and Microsoft Corporation, Rubicon Carbon Capital LLC, and Carbon Streaming Corporation, as Buyers.ARC is a wholly owned subsidiary of project developer Ponterra Ltd. The Azuero Reforestation Project (the “Project”) is expected to restore 10,000 hectares of degraded tropical forest on the Azuero Peninsula in Panama; restoring this degraded land with over 75 native tree species...