COVID-19: Measures related to leases and evictions.

Updated on May 14, 2020. Through Executive Decree No. 145 of 1 May 2020 (the “Executive Decree”), enacted in Official Gazette 29,015 of the same date, the Panamanian Government established certain measures related to lease agreements and eviction procedures. Among its recitals, the Executive Decree indicates “that the health crisis produced by the COVID-19 pandemic, has resulted in the loss of jobs, the suspension of the effects of contracts, as well as commercial

Insolvency and Liquidation proceedings (Webinar)

Panama, May 13, 2020. The Chamber of Commerce, Industries and Agriculture of Panama held a Webinar on “Practical procedures of the insolvency regime for the reorganization of companies.” Jose Carrizo and Aristides Anguizola, partners at Morgan & Morgan, participated as speakers during the presentation to more than 200 Chamber members. Click here to view: Practical

COVID-19: Creation of the Health Committee and the Safety Plan for the return to business activities

Panama, May 12, 2020. In planning for the post-quarantine return to business activities, the Ministry of Labor (MITRADEL, for its initials in Spanish) based on Executive Decree No. 78 of March 16, 2020, has required business to create Special Committees on Health and Hygiene for the Prevention and Care of COVID-19. These committees must include representatives

COVID-19: Measures related to leases and evictions

Update on Panama, May 7, 2020. Through Executive Decree No. 145 of 1 May 2020 (the “Executive Decree”), enacted in Official Gazette 29,015 of the same date, the Panamanian Government established certain measures related to lease agreements and eviction procedures. Among its recitals, the Executive Decree indicates “that the health crisis produced by the COVID-19

Insolvency and Liquidation proceedings vis-a-vis the COVID-19 crisis (Presentation)

Panama, May 7, 2020. Brief and concise presentation on Law 12 of March 19, 2016, which regulates insolvency proceedings. The presentation provides an overview of the procedural requirements, effects and application for both reorganization and liquidation proceedings in Panama. Given the economic impact of the “Covid-19” crisis, knowledge of this Law becomes very relevant. Click

Legal feasibility of electronic signatures in the Republic of Panama

Updated on May 5, 2020 Given the state of emergency declared by the Panamanian Government as a result of the COVID 19 pandemic, the stay at home orders issued by the health authorities and the social distancing that is essential to control the outbreak, the technological tools available for companies to operate remotely are vital.

COVID-19: Update on immigration and labor immigration

Panama, May 4, 2020. The National Immigration Authority and the Ministry of Labor extend the measures taken as a result of the State of Emergency due to the COVID-19 pandemic. National Immigration Authority Residence permits are extended up to May 15th. This extension is in force since March 13th. Reference is made to all permits

COVID-19: Measures taken by the SMV, BVP and Latinclear regarding service to the public and presentation and process of filings

Panama, May 4, 2020  Superintendence of the Securities Market  The Superintendence of the Securities Market (the “SMV”) has established the following measures for working hours and presentation and process of filings before such entity as part of the governmental effort to avoid the spread of COVID-19:[1] Maintain the special working hours of the SMV from

COVID-19: Measures adopted by the SMV regarding Regulated Entities

In accordance to General Resolution SMV No. JD-2-20 of 16 March 2020, issued by the Board of Directors of the Superintendence of the Securities Market (the “SMV”), it was resolved to inform that the modality of remote working can be implemented by the regulated entities that have license or registry issued by the SMV, for

COVID-19: Relevant considerations related to data protection and telework

May 1, 2020 Law No. 126 of 2020 which regulates teleworking in the Republic of Panama contemplates data protection regulations creating an additional control to that established under Law No. 81 of 2019 (“Law No. 81”) on personal data protection. The latter will enter into force end of March 2021. Employer’s Obligations: Article 16 establishes