Counsel to the Trump Organization in a groundbreaking project in Panama City
Arias, Fábrega & Fábrega acted as counsel to the Trump Organization in connection with all matters related to its role as Operator and Building Manager of the P.H. Trump Ocean Club, a new condo hotel project in Panama.
PH Trump Ocean Club, developed and promoted by Newland International Properties Corp., is the first Condo-hotel project in Panama of its kind. This groundbreaking project will include five components in one building: residential, hotel, casino, offices and retail.
The Trump Organization has required our assitance with the review of the co-ownership regulations, management agreements and all documentation related to its role as Hotel Operator and Building Manager of the P.H. Trump Ocean Club, as well as documentation related to the sale of units, management of the properties and the project in general.
Panama's Horizontal Property Law and other laws were not equipped to deal with a project as complex as PH TOC. ARIFA's real estate legal team was greatly involved reviewing a structure that allowed the unit owners to participate in the hotel business and preparing the Co-ownership Regulations, besides generally assisting Trump in its role as Hotel Operator and Building Manager, even though the Trump Organization is neither the promoter nor developer of the project.