Alcogal respresented the Bank of Nova Scotia as lender to their client Worldland Investment, S.A., in connection with the Bank of Nova Scotia (lender) and a loan of US$43 million granted for refinancing their acquired debt for the construction of the commercial establishments and offices from the “Street Mall” project.

Our team of lawyers in charge of this transaction was led by partner Arturo Gerbaud and associate Karla Rivera.

Scotiabank in Panama

Scotiabank began operating in Panama in 1974 with the aim of satisfying the growing need for international business banking.

Since then, Scotiabank has grown to be able to offer an extensive range of Business and Personal Banking products and services. The Bank currently has 12 strategically located branches in Panama City and in the interior of the country, including David and Boquete in the Chiriqui Province and the Colón Duty Free Zone in the Colón Province. Scotiabank believes in Panama, that is why it continues with its plans for expansion through organizational growth, offering all of its customers top quality, personalized service.

About Street Mall

Street Mall is a modern and luxurious shopping center located between Via Israel and Via Brazil in Panama City and consists of commercial premises, offices and mini-garages.

  • 30 commercial premises for rent – Total area 10,930 m2
  • 90 offices for rent from 47 m2 upwards – Total area: 8,619 m2
  • 450 mini-deposits

About Alcogal – Banking and real estate lawyers in Panama

Alcogal, banking and real estate lawyers in Panama, advises many of the world’s largest and most sophisticated financial institutions on a full-range of banking, securities and related regulatory matters in the Republic of Panama. Alcogal is an acknowledged industry leader in the banking sector.

Our Panama banking lawyers advise our clients in regards to their ongoing regulatory and disclosure obligations with all the relevant local and foreign authorities, and ensure they are up to date concerning all legislative developments. In addition, we regularly represent financial institutions and/or intermediaries in the process of obtaining government-issued licenses to operate in Panama, in accordance with banking and securities laws.

Meet our real estate lawyers in Panama, click here.