Patton Moreno & Asvat receives accolades from Lawyer Monthly Magazine for Featured Transaction

Very honoured for this commemorative plaque for our participation as legal counsel to JP Morgan Securities LLP, in the Carnival's financing deal to navigate the Covid-19 crisis.

The Public Offering of US$4,000,000,000 - 11.500% - First-Priority Senior Secured Notes due on 2023, covered various jurisdictions including US, UK, Italy, Panama, Curaçao, Bermuda, Cayman Islands and The Bahamas. The transaction involved a first priority Panamanian fleet mortgage registration over 17 cruise ships preliminarily registered through the Consulate of Panama in London during the peak of Covid-19 crisis. It closed on 8 April 2020, having been completed in a tight timeframe. Partners Enrique Sibauste (UK office) and Maria Teresa Díaz (Panama office) advised on the matter. Press release