CHANGES IN THE RULES TO GRANT RESIDENCE AND WORK PERMITS

As of May 28th, 2019, five (5) Executive Decrees were enacted to modify rules related to the granting of residence and work permits.  The main changes are the following: NATIONAL IMMIGRATION AUTHORITY. Stay Visa for citizens of the United States of America: A new category of Stay Visa is created for citizens of the United

Belize: Intellectual Property Prohibition

Naim Musa, Managing Director, Morgan & Morgan, Belize office Pursuant to the International Business Companies (Intellectual Property Asset Prohibition) Regulations, 2019 and related legislation, companies incorporated under the International Business Companies Act of Belize (IBCs) shall not acquire, hold own or deal with any Intellectual Property Asset as follows: • IBCs incorporated on or before

Immigration Alert

The Bahamas: Economic Substance Legislation

The Bahamas: Economic Substance Legislation

Fanny Evans, associate at Morgan & Morgan The Bahamas has passed legislation requiring that certain legal entities carrying on relevant activities have to demonstrate adequate economic substance in said jurisdiction. The beneficial owners of any company or limited partnership incorporated, registered or continued in The Bahamas should be aware of this legislation and consider how

April 26: World Intellectual Property Day

María Eugenia Brenes and Allen Candanedo, associates of the Intellectual Property Department of Morgan & Morgan In the year 2000, the United Nations General Assembly designated April 26 as World Intellectual Property Day. The purpose of this is to highlight the role that intellectual property rights play in encouraging innovation and creativity. Across the globe, and at

Securitization in Panama Published by Chambers & Partners

Jazmina Rovi took office as Chairman of the Panama Maritime Law Association

Mrs. Jazmina Rovi, partner of Morgan & Morgan, took office as new Chairman of the Board of Directors of the Panama Maritime Law Association (APADEMAR, for its acronym in Spanish) for the 2019-2020 term. The election took place on March 28, 2019 at the National Bar Association of Panama where over 80% of the members

Latin Lawyer highlighted Morgan & Morgan

The 2019 edition of Latin Lawyer recommended Morgan & Morgan as the largest firm in Panama.  “A large headcount and an established presence in the market gives Morgan & Morgan the manpower and experience required to guide some of Panama’s most significant transactions”, states the guide. Partners Juan David Morgan Jr., Francisco Linares, Enrique De

BVI: Economic Substance Legislation

Fanny Evans, associate at Morgan & Morgan The British Virgin Islands (BVI) has passed legislation requiring certain legal entities carrying on relevant activities to demonstrate adequate economic substance in the BVI. The owners of any company or limited partnership registered or incorporated in the BVI should be aware of this legislation and consider how they

Morgan & Morgan advised IDB Invest in connection with a loan facility to Global Bank Corporation

Morgan & Morgan advised IDB Invest, a worldwide financial institution with presence in Latin America and the Caribbean region, in connection with a loan facility granted to Global Bank Corporation for an amount of up to US$60,000,000.00 (with an option for further supplements). Up to 70% of the proceeds of the loan will be used