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New deadlines for the submission of extensions for Temporary Residency Permits, Provisional Permits, or Permanent Residence Permits and Domestic Workers’ Visa.
The National Immigration Service, through Resolution No. 246 of January 3rd, 2024, established the new deadlines for the submission of extensions for Temporary Residency Permits, Provisional Permits, or Permanent Residence Permits and Domestic Workers’ Visa. Resolution No. 246 of January 3rd, 2024 (hereinafter referred to as the “Resolution”) grants a deadline until February 29th, 2024,
- Published in Immigration Law_news, News
Morgan & Morgan advised Mercandú in a capital raising round to expand its e-commerce platform in the region.
Panama, January 8, 2024. Morgan & Morgan acted as the Panamanian legal advisor for Mercandú, a startup based in El Salvador that operates the largest marketplace in the Central American region, offering over 500,000 products, in a capital raising round. The capital raising round took the form of issuing shares (equity-raising) in favor of two
- Published in Kharla Aizpurua, Banking Law, expertise, Mergers & Acquisitios, Miguel Arias_exp
New minimum wage rates
Executive Decree No. 1 of January 10th, 2024 The President of the Republic has issued the new Minimum Wage Decree that becomes effective as of January 16th, 2024, considering that a consensus was not reached in the Minimum Wage Commission, and it is up to the Executive Branch to set the new applicable rates. It
- Published in Labor Law_news, News
WSG Tax Guide: Navigating Tax Law Policies in Latin America.
Panama, January 5, 2024. The World Services Group (WSG) Tax Group has published Navigating Tax Law Policies in Latin America, a country-by-country Guide that provides detailed insights, updates and trends on important laws and policies throughout the region. The Guide focuses on four major areas of interest including: income taxes, trading taxes/rules, OECD/international tax rules
- Published in Jose Rafael Reyes, News, Taxation_news
Actions to take into account due to new outcomes of COVID-19 cases.
Due to the increase in COVID-19 cases in our country, we want to remind you of the actions to take in case you have been exposed to the virus or if you are COVID-19 positive. According to Executive Decree No. 64, of November 30, 2023, the actions to follow are: *Day 0: for asymptomatic patients
- Published in News, Labor Law_news
Guide to Governmental Procurement in Latin America.
Panama, December 18, 2023. The Republic of Panama promotes the participation of foreign companies in its public procurement market and encourages competition to ensure efficiency and quality in the execution of projects and the provision of goods and services. The legal and regulatory framework for public procurement includes Law 22 of 2006 and its amendments,
The Leading FinTech advisers worldwide
Nos complace comunicarles que Morgan & Morgan ha sido reconocido como Band 1 en la guía global de FinTech por Chambers and Partners 2024. Esta es la primera edición de esta guía en Panamá. Además, nuestros socios, Kharla Aizpurúa y Roberto Vidal, son destacados en la guía como abogados recomendados, ambos en la posición Band
- Published in News, Kharla Aizpurua, Roberto Vidal
Morgan & Morgan advised Grupo Estrella with an acquisition finance and acquisition agreement related to a project in the energy sector.
Panama, December 6, 2023. Morgan & Morgan acted as legal counsel to Grupo Estrella in relation to an acquisition finance and acquisition agreement whereby through a newly incorporated Panamanian special purpose vehicle and a United Kingdom special purpose vehicle they obtained financing from a syndicated term loan granted by certain local banks to then acquire
Morgan & Morgan is recognized as Pro Bono Leading Lights 2023.
Panama, December 1, 2023. For eleven consecutive years, Morgan & Morgan has received the “Leading Lights” recognition in Latin America for the firm´s Pro Bono program. In Panama, only Morgan & Morgan achieved this status, sharing honors with leading regional firms. This distinction is granted annually by Latin Lawyer, who, together with the Cyrus R.
- Published in News
Morgan & Morgan advised Ithaca Capital Partners in a US$40 million registration of a revolving program of senior secured bonds.
Panama, December 1, 2023. Morgan & Morgan advised the Ithaca Trust in the registration of a revolving program of senior secured bonds (the “2023 Bonds”) for an amount of up to US$40,000,000 with the Superintendency of Capital Markets of Panama (the “SCM”) and their listing with the Latin American Stock Exchange (“Latinex”). The first three