Stock merger between Bank of America Corporation and Merrill Lynch & Co.

Arias, Fábrega & Fábrega acted as joint Panamanian counsel to Bank of America Corporation and Merrill Lynch & Co., Inc. in connection with the acquisition of Merrill Lynch & Co., Inc. by Bank of America Corporation in 2008.

As joint local counsel, we advised the parties in this merger in connection with corporate, securities regulation, banking regulation, labor and employment matters and tax issues related to the acquisition.  In addition, we secured all governmental approvals from the Superintendent of Banks and the National Securities Commission in Panama to close the transaction.

Merrill Lynch & Co., Inc. has one of its largest and most active Latin America operations in Panama.  In addition, it operates an international licensed bank in Panama.