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

The National Immigration Authority communicates new regulations for the immigration processes of Venezuelans in Panama

By means of Executive Decree No. 123 of March 26th, 2019, the nationals from Venezuela who currently live in Panama and hold an expired passport will be able to use this passport to file their immigration processes, provided they have an extension stamp issued by the Consulate of Venezuela. Comments: This Executive Decree only applies

Panama: New Law on Protection of Personal Data

With the enactment of Law No. 81 on Protection of Personal Data, the Republic of Panama aims to establish the principles, rights, obligations and procedures that regulate the protection of personal data, also considering their interrelation with private life and other rights and fundamental freedoms of citizens, by natural or legal persons, public or private

Outstanding participation of Morgan & Morgan at Panama Maritime Conference and Exhibition 2019

More than 500 local and international companies and individuals from the maritime industry gathered in the Republic of Panama for the fourteenth edition of Panama Maritime Conference & Exhibition, the largest maritime event in Panama, which took place from March 17th to March 19th, 2019, at the Megapolis Convention Center. Several topics were discussed during

Morgan & Morgan: among the most recognized brands in the Central American region

The Morgan & Morgan brand was featured as one of the most important in the Central American region in the report “Companies of Regional Impact” prepared by Forbes Central America. The study, which was conducted through surveys of 400 Central American professionals, highlights the companies that have made a positive impact in the region through

Morgan & Morgan advised Farallon Nicaragua in the sale of its shrimp producing and supplying business to Cooke Inc.

Morgan & Morgan acted as Panamanian legal counsel to Farallon Nicaragua, a vertically integrated producer of farmed shrimp and a leading supplier of branded fresh-frozen shrimp to major markets in Asia Europe and the U.S., in connection with the sale of its business to Cooke Inc., a New Brunswick Canadian company and parent of Cooke

Morgan & Morgan: among the most recognized brands in the Central American region

The Morgan & Morgan brand was featured as one of the most important in the Central American region in the report “Companies of Regional Impact” prepared by Forbes Central America. The study, which was conducted through surveys of 400 Central American professionals, highlights the companies that have made a positive impact in the region through

Morgan & Morgan featured in the International Comparative Legal Guide to: Investor-State Arbitration 2019

Jose Carrizo, partner and head of the Litigation and Dispute Resolution practice group of the firm, contributed with the International Comparative Legal Guide to: Investor-State Arbitration 2019, a publication that summarizes common issues in investor-state arbitration laws and regulations.  Mr. Carrizo is an experienced attorney with ample knowledge in both domestic and international arbitration processes.

Morgan & Morgan represented Electron Investment, S.A. in an arbitration process filed by Constructora Seli Panamá, S.A. before the International Chamber of Commerce

Morgan & Morgan was part of the team of lawyers that represented Electron Investment, S.A. (“EISA”), in an arbitration process filed by Constructora Seli Panamá, S.A. (“SELI”), before the International Chamber of Commerce (“ICC”). The request for arbitration was filed by SELI following certain disputes related to the contract for the construction of the tunnels