Morgan & Morgan provided pro bono tax advice to Camara de Reciclaje de Panamá, Asociacion Marea Verde, Enseña por Panama y Fundación Banco de Alimentos

Panama, August 6, 2019. The Recycling Chamber of Panama, the Marea Verde Association, Enseña por Panama and the Food Bank Foundation, were authorized to obtain the Resolution of the General Directorate of Revenues (DGI for its initials in Spanish) that approves these organizations to receive donations deductible from income tax. Associates Amanda Barraza and Angelica

Who´s Who Legal Thought Leaders Litigation 2019: Jose Carrizo

Panama, August 5, 2019. Jose Carrizo, partner and head of the Litigation and Dispute Resolution practice of the firm, was listed once again in the Who´s Who Legal Thought Leaders Litigation Guide 2019, a publication that highlights the skills and know-how of the best litigation lawyers worldwide, based on the number of nominations received by

Morgan & Morgan participated in seminar on National and International Arbitration

Panama, August 5, 2019. Mayte Sanchez, associate at the Litigation and Dispute Resolution practice group of Morgan & Morgan, was invited to participate as speaker in the National and International Arbitration Seminar, organized by the Conciliation and Arbitration Center of Panama (CeCAP, for its initials in Spanish). The activity, which was held as part of

Panama: Regulations applicable to tax deductions from school expenses

Angélica Ortiz, Taxation Department, Morgan & Morgan Law 37 of June 5, 2018, adds line 9 to article 709 of the Fiscal Code, which is related to the annual income tax deductions to which natural persons are entitled, regarding school expenses incurred by the taxpayer with respect to their dependents. Additionally, Executive Decree 368 of

Considerations before starting a business in Panama

María Eugenia Brenes, associate of the Intellectual Property and Corporate Law Department of Morgan & Morgan [email protected] Formalizing a business requires several decisions of a legal nature. Business Owner The first thing that should be considered is to determine whether the venture is on a personal basis or through a corporation. This decision is very

What employers need to know about labor regulations in the Republic of Panama

Introduction Panama’s Labor Code, in effect since April 1972, with some changes in the last years, regulates the relationship between capital and labor, based on the principles of social justice established in the Political Constitution of the Republic and it creates a special State protection as a benefit of the employees. The State will intervene

Morgan & Morgan is recognized for its Pro Bono program

Panama, July 3, 2019. For the sixth consecutive year, Morgan & Morgan has received the “Leading Lights” recognition in Latin America for the Pro Bono program that the firm executes. This distinction was granted by the publication Latin Lawyer, who together with the Cyrus R. Vance Center for International Justice conducted an annual survey with

New immigration changes: SEM, Special Regularization Process and Aviation

Executive Decree No. 238 of June 10, 2019 REQUIREMENTS TO APPLY FOR PERMANENT RESIDENCY FOR EXECUTIVES OF MULTINATIONAL HEADQUARTERS OFFICES (“SEM” for its acronym in Spanish). As of June 11th, 2019, the requirements to apply for the Permanent Resident Permit for Executives of SEM companies who i) continue working at a SEM company, and ii)

Securitization in Panama

In this edition of Chambers & Partners, the securities team of Morgan & Morgan summarized the key aspects and developments in Panama, where the activity in the securities sector has been performed in recent years as an alternative form of financing. The guide is available here

Morgan & Morgan advised Cirsa Enterprises S.L.U. in connection with the offering of senior secured notes for an amount of up to €390,000,000

Panama, May 28, 2019.  Morgan & Morgan acted as counsel to Cirsa Enterprises S.L.U. in connection with the offering of €390,000,000 4.750% senior secured notes due 2025, issued by Cirsa Finance International S.à.r.l., and to be guaranteed by the Cirsa Enterprises S.L.U. and, among others, Gaming & Services de Panama, S.A. Cirsa is one of