DISCLAIMER
HISTORY

With the aim of continuing the private practice first begun by Mr. Carlos Sucre C. in
1928, the Panamanian law firm SUCRE & SUCRE was founded in 1969, by
the father and son partnership of Carlos Sucre C. and Carlos Sucre. Following the
admittance of new partners, the firm is currently known as SUCRE, ARIAS &
REYES.

SUCRE, ARIAS & REYES is a general practice law firm, specializing in
Banking, Finance, Securities, Insurance, Reinsurance, Litigation,
Arbitration, Corporate Structure and Planning, Privatization's,
International Business, Technology, Telecommunications, Overseas Investment,
Shipping and other connected services.

SUCRE, ARIAS & REYES has for over more than 30 years, established itself as a
prominent Panamanian law firm, gaining recognition both at local and
international levels. At the present time, the firm has affiliated branch
offices in the British Virgin Islands, Bahamas and Anguilla.

We trust that this brief introduction to SUCRE, ARIAS & REYES has provided
insight into our firm. The following pages contain details of the services provided by
us, along with information on each of the attorneys that comprise our legal team.

We remain at your disposal and look forward to the opportunity to be of
service in the near future.

At SUCRE ARIAS & REYES our main goal and policy is to provide a
personalized and professional legal service to our clients.
In order to achieve this, the Firm has formed a group of specialized Lawyers
that focus their professional expertise on individual fields of legal practice.
The following is a brief description of the professional services offered by
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OFFICES


Main Office
SUCRE ARIAS & REYES Edificio Sucre
Calle 48 E. Bella Vista
P.O. Box 0816-01832
Panamá 5, Panamá
Phone: (507) 204-79-00
Fax: (507) 264-1168
Email: sucre@sucre.net
<mailto:sucre@sucre.net>




SUCRE & SUCRE TRUST (BVI) LIMITED P.O. Box 3163
Chera Chambers
Omar Hodge Building, 2nd. Floor
Road Town, Tortola
British Virgin Islands




SUCRE & SUCRE (BAHAMAS) LIMITED P.O. Box N-4852
East Bay Street
East Bay Shopping Plaza
Nassau, Bahamas




SUCRE & SUCRE (ANGUILLA) LIMITED P.O. Box 58
Victoria House
The Valley, Anguila


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REPRESENTATIVE OFFICES


SUCRE ARIAS & REYES MIAMI Sucre Services
999 Brickell Avenue
Suite 705
Miami Florida 33131
Phone: 305) 373-6926




SUCRE ARIAS & REYES SÃO PAULO Sucre Servicos e Consultoria em
Negócios Ltda.
R. Afonso Braz, 900 cj. 124
São Paulo SP, Brazil 04511-001
Phone: 55 11 3842.6797





CLIENTS & REFERENCES


BANKS

Banco Alemán Platina, S.A. Banco Atlántico Panamá, S.A.
Banco Bilbao Vizcaya Argentaria (Panamá), S.A. Banco de la Provincia de Buenos Aires
Banco General, S.A. Bank Boston, N.A.
Citibank, N.A. Multi Credit Bank
The Bank of Nova Scotia The World Bank Group



INSURANCE COMPANIES

Aon Group Limited de México, S.A. Aon Re Panama, S.A.
Aseguradora Ancón, S.A. Aseguradora Mundial de Panamá, S.A.
ASSA, Compañía de Seguros, S.A. Assicurazioni Generali, S.P.A.
Cía. Internacional de Seguros, S.A. Cía. Nacional de Seguros, S.A. (CONASE)
Interoceánica de Seguros, S.A.



CORPORATIONS

Addeco (Panamá,) S.A. Alimentos del Istmo, S.A.
Brink´s Incorporated Caterpillar Americas Corp.
Caterpillar Financial Services Corp. Coopeve
Cervecerías Barú-Panamá, S.A. Compañía Lefevre, S.A.
Diveo Broadband Networks, Inc. Empresa de Generación Electrica Fortuna
Empresas Hopsa, S.A. Empresas Públicas de Medellín E.S.P.
FUNDES (Panamá) Global Crossing Ltd.
Hydro-Quebec International, Inc. Hoteles Decameron, S.A.
KPMG Menzies Aviation Group PLC
Ogden Aviation Services (Panamá) Corp Papelera Istmeña, S.A.
Phillips Caribbean Panamá, S.A. Samsung Electronics latinoamerica
UNILEVER Unión Nacional de Empresas, S.A.



BANKS REFERENCE

Banco Bilbao Vizcaya Argentaria (Panamá), S.A. Banco Julius Baer (Suiza)
The First National Bank of Boston



PROFESSIONAL REFERENCE

Bar & Karrer (Switzerland) KPMG

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DISCLAIMER:

This Web site has been prepared by SUCRE, ARIAS & REYES (“SAR”)
solely for informational purposes. This Web site is a public source of general
information, which is intended, but not guaranteed to be, complete and up-to-date.
The information contained in the Web site should not be relied upon as legal
advice. Nothing in this Web site constitutes legal or professional advice.
Furthermore, the information contained in this Web site should in no way
be taken as an indication of future results.

Transmission of the information contained at the SAR Web site
is not intended to create, and receipt does not constitute, an
attorney-client relationship between SAR and the web browser.
Online readers should not act upon or refrain from acting upon based
solely on the information contained in the SAR Web site without
seeking professional counsel.

In the event that the information found in the SAR Web site is not consistent
with the rules governing communications of legal services in a particular
country, SAR shall not assume the representation of clients from those
countries where the information found in the Web site does not comply with
such country’s legal bar requirements and where an attorney-client
relationship has commenced as a result of that communication.

Some links within the SAR Web site may lead to other sites.
SAR does not necessarily sponsor, endorse, or otherwise approve of the
materials appearing in such sites. Moreover, SAR is not responsible for
any third party contents which can be accessed through the Web site.

Reproduction, distribution, republication and retransmission of material
contained within the SAR Web site is prohibited unless such reproduction,
distribution, republication and/or retransmission has been expressly
authorized by SAR.

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