Panama (COVID 19): Labor and Immigration Update 3

Ministry of Government suspends all international flights temporarily EXECUTIVE DECREE No. 244 OF MARCH 19TH, 2020 By means of this executive decree, published in the Official Gazette as of March 19th, 2020, the Ministry of Government suspends all international flights temporarily. Comments:  All international flights arriving and departing from Panama are suspended for thirty (30)

COVID-19: Teleworking (Webinar)

Panama, March 18, 2020. In this Webinar, María Teresa Mendoza, partner of Morgan & Morgan, covered topics such as the measures that the employer can and should adopt about COVID-19, and how to apply telework under this particular situation. Click here to view: COVID-19: Teleworking (Disponible en español)

Panama (COVID 19): Labor and Immigration Update 2

The National Immigration Authority ceases public attention  RESOLUTION No. 5893 OF MARCH 16th, 2020 By means of this Resolution, published in the Official Gazette on March 18th 2020, the National Immigration Authority, ceases public attention. Comments:  Due to the actions recommended by the Ministry of Health to prevent possible contagion for workers, employers and users,

Panama (COVID 19): Labor and Immigration Update 1

República de Panamá adopta medidas temporales de carácter laboral para evitar contagio de COVID-19 De conformidad con el Decreto No. 78 de 16 de marzo de 2020, el Gobierno de la República de Panamá ha adoptado nuevas medidas para empresas dentro del territorio nacional las cuales son de carácter obligatorio y se resumen así:  Los

Morgan & Morgan advised the shareholders of Unity Group in a corporate restructuring and subsequent sale of its business to Willis Europe B.V.

Panama, March 12, 2020. Morgan & Morgan advised  the shareholders of Unity Group, a holding company with subsidiaries engaged in insurance brokerage in Central America with operations in six countries (Panama, Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua), in a corporate restructuring and subsequent sale of its business to Willis Europe B.V., a company

A guide on Mergers and Acquisitions in Panama

Francisco Arias, Partner, Morgan & Morgan (head of M&A practice) Roberto Vidal, Partner, Morgan & Morgan Regulatory framework for foreign investment The Panamanian Constitution reserves “retail activities” for Panamanian nationals.  Various statutes have limited the application of the prohibition to activities that involve the sale of goods to consumers. By statute, the private sector (national

Chambers & Partners Securitization Guide 2020

Panama, March 9, 2020.  Partners Francisco Arias, Ricardo Arias, and associate Cristina De Roux contributed with Chambers & Partners, providing their professional insights into Panama’s legal securities market. The online Panama chapter is available here. Or a PDF version is available to download here.

A look at the compliance measures applicable to the Stock Market

Pablo Epifanio, Senior Associate, Morgan & Morgan The stock market is undoubtedly one of the most important economic forces in the world. Every year, billions of dollars are moved through stock exchange operations, and year after year, in most jurisdictions, the stock market is promoted as a tool for financing or capturing capital for issuers

Morgan & Morgan contributed to the first edition of the Latin American corporate investigations guide

Panama, January 31, 2020. Partners Inocencio Galindo, Ricardo Aleman, Kharla Aizpurua Olmos, and associate Joy Paull Torres contributed with the first edition of the Latin American investigations guide, a frequently asked questions for conducting corporate investigations in various jurisdictions on Latin America. This publication of the international law firm Hogan Lovells provides an overview from

Morgan & Morgan advised Marsh Semusa and its shareholders in the execution of a call option of shares of the company

Panama, January 30, 2020. Morgan & Morgan advised Marsh Semusa and its shareholders in the execution of a call option of shares of the company. Majority shareholders exercised a call option to acquire from the minority shareholders the remaining shares of Marsh Semusa. Marsh Semusa is a risk consulting and insurance broker in Panama. Partner