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

Novedades para una reforma del impuesto de bien mueble

News for a reform of the property tax (IBI): a look beyond the rates

Article published in the Tax Column of the newspaper La Prensa (September 3, 2017) The reforms and novelties within the tax system must be based on seeking a fair balance in public finances, without belittling the tax capacity of the taxpayers and seeking peace, which does not exist if there is no justice. To read

Decreto Ejecutivo que crea el requisito de Visa Estampada para ciudadanos de nacionalidad venezolana

Mediante este Decreto Ejecutivo se incluye a la República Bolivariana de Venezuela dentro de los países que requieren Visa Estampada por Cónsul de Panamá para ingresar al territorio nacional Comentarios:  Este Decreto Ejecutivo solo aplica a personas de nacionalidad venezolana. Se designará un funcionario del Servicio Nacional de Migración y un funcionario del Consejo de

Morgan & Morgan advised Hyatt International Inc. with respect to the acquisition of a minority interest in Oasis Luxury Rentals

Morgan & Morgan advised Hyatt International Inc. about serving as special international counsel for them in connection with the acquisition of a minority interest in Oasis Luxury Rentals, a privately owned company based in New York.   Oasis Luxury Rentals Inc., through its online platform, manages portfolios of high-end short-term rentals and a network of private

Key points of the property tax reform (IBI)

Article published in the Tax Column of the newspaper La Prensa (August 20, 2017) The IBI is gaining popularity again and the draft Act 509 (PL) seeks to amend it. After consideration, the conclusion has been reached that it does have a great significance and importance, especially in regard to the reduction of the rate.

Morgan & Morgan participated in forum on labor immigration challenges in Panama

On July 26, 2017, a forum was held in Panama called, “Labor immigration flexibility or restriction, what do we need?” organized by the Panamanian Association of Business Executives. Said forum served as a platform to discuss issues of national interest on legal and practical aspects of work and residence permits for aliens, legalizations and mechanisms