Arias, Fábrega & Fábrega advised La Hipotecaria (Holding) Inc. in connection with a publicly registered offer of preferred shares.  The offer was approved for a total amount of up to US$15 million and offered through the Panama Stock Exchange.

La Hipotecaria (Holding) Inc. is a British Virgin Island holding company with subsidiaries in Panama, El Salvador and Colombia, which are dedicated to the banking, trust, financial, insurance, reinsurance and technological business in such countries.