Citizens of the People’s Republic of China will require a Stamped Visa to enter in Panamanian territory

By means of the Executive Decree No. 552 of October 16th, 2017, the People’s Republic of China is included within the countries that require Stamped Visa issued by Panamanian Consulate, to enter the national territory. Comments: • This Executive Decree only applies to nationals of the People’s Republic of China. • Officials from the National

Goals, passion and taxes

Article published in the Tax Column of the newspaper La Prensa (October 15, 2017) Tax incentives cannot be eternal, they are created to promote a specific area of commerce or human activity for a time; this should happen with sports too. We need to wake up and appreciate the progress, creating public policies aimed at

Morgan & Morgan represented an energy generation company in an arbitration process derived from an EPC Contract

Morgan & Morgan represented a major power generation company in a multi-million dollar arbitration lawsuit in which alleged damages were allegedly caused by the breach of an EPC Contract, where our client had counterclaims. Partner Jose Carrizo, and associates Mayte Sanchez and Nayubel Rivera, participated in this process.

Senior Partner of Morgan & Morgan received recognition from the Superintendency of Banks of Panama

Dr. Eduardo Ferrer, Senior Partner of Morgan & Morgan, received from the Board of Directors of the Superintendency of Banks of Panama (SBP for its initials in Spanish) a plaque of recognition in virtue of his legacy, commitment and permanent contribution to the development and strengthening of the banking regulation, in favor of the stability,

Los derechos de los contribuyentes

The rights of taxpayers

Article published in the Tax Column of the newspaper La Prensa (October 1, 2017) It is necessary for our country to legislate about alternative means of conflict resolution in tax matters. Mediation, conciliation and arbitration in tax matters would help to resolve to a large extent the existing fiscal conflict in our country in the

Morgan & Morgan represented the Panamanian State in an arbitration process derived from a Work Contract related to public roads

Morgan & Morgan represented the Panamanian State on an arbitration lawsuit filed for the alleged non-payment of payments derived from a Work Contract related to public roads. Partner Omar Rodriguez and associate Mayte Sanchez, participated in this transaction.

Two regulations in force for a tax collection al dente

Article published in the Tax Column of the newspaper La Prensa (September 17, 2017) Efficient collection policies also go hand in hand with a reduction in unnecessary public spending, eliminate bad investments by the State, the correct use of public funds and zero tolerance for corruption. Without these elements, the balance of Public Finance is

Increase in fines for employers hiring foreign personnel without valid work permit

This Law modifies the fines that the Ministry of Labor may impose to employers that hire foreign personnel without having a valid work permit, and the employment of minors, without complying with the requirements established in the law. Comments:  The fines that the Ministry of Labor may apply when foreign personnel is detected without a

Morgan & Morgan advised First Quantum Minerals in connection with a US$850 million Senior Notes Offering

Morgan & Morgan acted as Panamanian counsel to First Quantum Minerals Ltd., in connection with the offer of up to US$850 million in aggregate principal amount of 7.50% Senior Notes pursuant to Rule 144A and Regulation S. First Quantum Minerals Ltd. has a global portfolio of mining assets located in Australia, Finland, Mauritania, Panama, Peru,

Morgan & Morgan in Getting The Deal Through: Market Intelligence-Shipping

Jazmina Rovi and Francisco Linares, partners of Morgan & Morgan, contributed to the Panama chapter of the first edition of Getting the Deal Through: Market Intelligence-Shipping, a publication that invites leading professionals in their jurisdictions to conduct a thorough analysis of the evolution and the regulatory scenario of the maritime industry globally. Mrs. Rovi has