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

Los cónyuges y los impuestos

Spouses and taxes

Article published in the Tax Column of the newspaper La Prensa (July 30, 2017) Our tax system recognizes the figure of marriage and establishes certain situations of tax exemptions, while in other cases it requires the need to review this condition for the application of aspects and obligations of tax compliance. To read the full

Morgan & Morgan represented a company owner of a property in a civil process seeking rectification of boundaries and measures

Morgan & Morgan represented a company owner of a property with damages on its surface area by the  neighbors, which require judicial action in search of rectification of boundaries and measurements, through the subsequent cancellation of the title of ownership. Partner Anibal Tejeira, and associate Miguel Rodriguez, participated in this process.