X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Pedestrians talk near a parking lot outside the building housing the offices of the Mossack Fonseca law firm in Panama City, Panama, on Tuesday, April 5, 2016.

Almost two years after a massive data breach resulted in 11.5 million client files being dumped on the internet, Panama’s Mossack Fonseca is getting ready to close its doors at month’s end, according to a statement by the firm made public by the International Consortium of Investigative Journalists.

The ICIJ, a Washington, D.C.-based nonprofit, put a spotlight on the secretive world of offshore law firms with its “Panama Papers” expose in early April 2016 that revealed some of Mossack Fonseca’s most prominent clients. Within a year the firm’s two founders, Ramón Fonseca Mora and Jürgen Mossack, were arrested in Panama on money laundering charges related to a Brazilian bribery case.

Mossack Fonseca’s website in 2016

“The reputational deterioration, the media campaign, the financial siege and the irregular actions of some Panamanian authorities have caused irreparable damage, whose obligatory consequence is the total cessation of operations to the public,” said the law firm, which was translated from Spanish by the ICIJ.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]

 
Reprints & Licensing
Mentioned in a Law.com story?

License our industry-leading legal content to extend your thought leadership and build your brand.

 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.