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

Morgan & Morgan registers the world’s biggest containership

Panama, April 27, 2020.  On April 23, during a ceremony presided by South Korean President Moon Jae-In, among other South Korean authorities, was officially launched the “HMM ALGECIRAS” – the world’s biggest containership. The new vessel is registered under the flag of the Republic of Panama, and we are pleased to share that the Ship

Economic opportunities in Central America and the Caribbean post COVID-19 (Article)

Updated on Panama, April 27, 2020. Lex Latin published an article on the economic and transactional expectations facing the Central American and Caribbean region in the COVID-19 scenario. Partners from important law firms in the region contributed through interviews, including Francisco Arias G., partner at Morgan & Morgan. Click here to read: Economic opportunities in

COVID-19: Guide for Employers on Tax Relief measures

Panama, April 27, 2020. In this guide, produced by the Employment Law Alliance (ELA), tax attorneys from Latin America focus on Tax Relief measures during the COVID-19 pandemic. Amanda Barraza, senior associate at Morgan & Morgan, contributed with the Panama section.Click here to read: COVID-19: Latin America Guide for Employers on Tax Relief

The Central America – COVID-19 Guide for Employers (Podcast)

Panama, April 27, 2020. In this podcast, produced by the Employment Law Alliance (ELA), labor and employment law practitioners from Central America, focus on how the COVID-19 pandemic has impacted workplaces throughout the region. Speakers: Fernando Farrar (BLP / El Salvador), Alexandra Aguilar (BLP / Costa Rica), Cynthia Chavarría (BLP / Honduras), Favio Batres (BLP

Morgan & Morgan advised Parque Industrial y Corporativo Sur, S.A. in connection with the public offering of revolving corporate bonds for an amount of up to US$100 million

Panama, April 24, 2020.  Morgan & Morgan advised Parque Industrial y Corporativo Sur, SA, in relation to the public offering of revolving corporate bonds (hereinafter the “Bonds”), which will be issued in multiple series, which may be senior series or subordinated series under a revolving program in which the outstanding principal balance of the Bonds