Francisco Arias is a partner at Morgan & Morgan and heads the firm's Mergers and Acquisitions, Project Development and Finance and Securities and Capital Markets practice groups. Dr Arias has over 20 years of legal experience, first in New York and latterly in Panama; he is admitted to practice law in both countries. He regularly advises clients in connection with the sale and purchase of businesses as well as joint ventures. During the last few years, he has participated in transactions in several industries, including electricity generation, insurance, construction, real estate, hospitality, banking-related services, shrimp farms, restaurants, retail, printing and editing, and non-alcoholic beverages, some with cross-border components. He also has extensive experience in capital markets transactions, including capital raising through public and private offerings, capital markets regulatory work and listings on the Panama Stock Exchange. Furthermore, he is a leading project finance lawyer in Panama, participating in the country’s most important transactions representing institutions involved in the country's principal projects such as the Panama Canal Expansion project.