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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

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Morgan & Morgan advised Cirsa Finance International S.à.r.l. with the issuance of €650 million senior secured notes for debt restructuring.

Panama, February 13, 2024. Morgan & Morgan Legal acted as Panamanian legal counsel to Cirsa Finance International S.à.r.l. (the “Issuer”), in connection with the offering (the “Offering”) pursuant to the final offering memorandum dated January 30, 2024 (the “Offering Memorandum”) of €650,000,000 aggregate principal amount of Senior Secured Notes consisting of €450,000,000 6.500% Senior Secured

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Morgan & Morgan advised Sojitz Corporation in the acquisition of Grupo Sílaba.

Panama, February 20, 2024. Morgan & Morgan advised Sojitz Corporation in the acquisition of the shares of Silaba Motors (also known as “Grupo Sílaba”), a major automobile distributor operating in the Republic of Panama representing brands such as KIA, MAZDA, OMODA, JAECOO, KARRY, and NIU. As part of the transaction, Sojitz also acquired Grupo Sílaba’s

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Morgan & Morgan outstands in The Legal 500 Green Guide Latin America 2024.

Panama, February 15, 2024. Morgan & Morgan has been recommended in the second edition of the global guide: “The Legal 500 Green Guide Latin America 2024”. This is the first time that a Panamanian firm is highlighted in this reference guide of law firms specialized in environmental, social, and governance (ESG) practice area, being, in our case,

FUNDAMORGAN, Morgan & Morgan’s Corporate Foundation, consolidates its strategy.

Panama City, Republic of Panama, February 1, 2024. With more than 20 years of an emblematic trajectory, FUNDAMORGAN has inaugurated its new offices in Marbella, Panama City. The new location intends to offer more comprehensive, accessible, and dignified attention to the people who participate in and benefit from its programs. FUNDAMORGAN is named in honor of

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Morgan & Morgan advised Desarrollo Inmobiliario del Este in corporate matters related to its Real Estate Investment Trust.

Panama, February 18, 2024. Morgan & Morgan advised Desarrollo Inmobiliario del Este, S.A. (“DIESA”) in the process of a changing their corporate structure to that of a Sociedad de Inversión Inmobiliaria (the Panamanian equivalent of a Real Estate Investment Trust or “REIT”), in order for DIESA to carry out an initial public offering of its

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Morgan & Morgan won the Jurisdiction Award: Panama – in the Women in Business Law Awards Americas 2023.

Panama, February 15, 2023. We are pleased to announce that our firm won the Jurisdiction Award: Panama in the Women in Business Law Awards Americas 2023.   These awards, organized by Euromoney plc, recognize women in business law and those law firms that have designed initiatives and programs to support and encourage women and diversity within the

Morgan & Morgan consolidates as the Panamanian law firm with the best corporate reputation and ESG-responsible.

Panama, January 26, 2024. For the sixth consecutive year, the Corporate Reputation Business Monitor (MERCO), a reference monitor for Ibero-America, presented the rankings of 100 companies and leaders with the best reputation and most ESG-responsible companies in Panama.   We are pleased to announce that Morgan & Morgan remains the only law firm in this important