Morgan & Morgan advised Platinum Brands, S.A. on acquisition of KFC and Dairy Queen assets in Panama.

Panama, May 31, 2024. Morgan & Morgan has advised Platinum Brands, S.A. (“PBSA”) on the acquisition of assets related to the operation of the Kentucky Fried Chicken (KFC) and Dairy Queen franchises in the Republic of Panama, previously owned by Franquicias Panameñas, S.A. (“FPSA”). As part of this transaction, PBSA has assumed the operation of

ICLG Lending & Secured Finance 2024: Panama Chapter.

Panama, May 30, 2024. Kharla Aizpurua Olmos, partner and cohead of Morgan & Morgan´s Banking & Finance practice team, contributed to the Panama chapter of the ICLG Lending & Secured Finance 2024.    The guide covers common issues in lending and secured finance laws and regulations, including guarantees, collateral security, financial assistance, syndicated lending, and LIBOR

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Morgan & Morgan advised Carbon Streaming Corporation and Rubicon Capital LLC in connection with The Azuero Reforestation Project, one of the largest nature-based carbon removal initiatives in Central America.

Panama, May 21, 2024. Morgan & Morgan acted as local legal counsel to Carbon Streaming Corporation and Rubicon Capital LLC in relation to a Carbon Credit Stream Agreement by and between Azuero Reforestación Colectiva, S.A. (“ARC”), as Seller, and Microsoft Corporation, Rubicon Carbon Capital LLC, and Carbon Streaming Corporation, as Buyers. ARC is a wholly

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Chambers & Partners 2024 Fintech Global Guide

Panama, April 29, 2024. Morgan & Morgan´s Telecommunications, Technology & Data Protection team, comprised of partners Kharla Aizpurua Olmos and Roberto Vidal, and associates Alejandro Vasquez Vallarino and Miguel Arias, contributed to the Panama Chapter of Chambers & Partners 2024 Fintech Global Guide. The guide includes the “Law and Practice” section, which provides a valuable analysis on fintech policies, business

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Labor aspects of the upcoming May 5th elections

In accordance with the Political Constitution of the Republic of Panama, voting in the general elections is both a right and a duty that all voters, Panamanian citizens, have. Under this perspective, the Electoral Code contains a series of rules applicable to private companies in regard to these elections (arts. 406 and 407). It is

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Criterios ASG: acciones estratégicas en una empresa de servicios profesionales

El papel de las empresas y su forma de operar es cada vez más relevante, en especial luego de lo vivido durante la pandemia, la crisis medioambiental y el contexto político que estamos viviendo. En este sentido, los modelos de negocio, incluyendo aquellos de servicios profesionales como los bufetes de abogados, auditores y contadores, deben

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Electoral Labor Immunity in Panama

Electoral labor immunity in Panama is a matter of crucial importance for both employers and employees, to ensure fairness and democratic participation in the electoral process, especially for those employees who decide to run as candidates or are elected to public office. Electoral labor immunity is the guarantee and protection that candidates and electoral delegates

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Work and rest during Holy Week

The Labor Code states that Good Friday is a mandatory rest day, it is paid as an ordinary working day, which means that, in general, companies close their operations on that day and employees do not work. Employees who work on Good Friday are entitled to receive payment of their salary with a surcharge of

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The National Immigration Service establishes a new deadline for submitting extensions for expired Residences Permits and modifies the procedure for requesting the Seafarer Visa Stamped Upon Arrival.

Resolutions No. 9049 and 9047 of March 1st, 2024 Resolution No. 9049 of March 1st, 2024 (hereinafter the “Resolution”), published in the Official Gazette on March 6, 2024, extends the deadline until June 30th, 2024, to submit those residence permits that expired from March 13th, 2020: The granted deadline applies to the submission of extension

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Belize: Recent AML Compliance Actions taken by the Government of Belize.

In July 2011 Belize faced its Third Round of Mutual Evaluation by the Caribbean Financial Action Task Force (CFATF).  As a result of this, in November 2013, CFATF issued a public statement listing Belize as a jurisdiction with strategic deficiencies in its AML/ATF regime. After a comprehensive revision of the legislative framework and its implementation