Transfer Pricing Update in Panama

The regulation of Transfer Pricing is one of the mechanisms through which the Directorate General of Revenue (DGI) seeks to avoid the erosion of the tax base. In Panama, it is regulated in the Fiscal Code in its Chapter IX from Article 762-A to 762-Ñ. The obligation on the issue of Transfer Pricing and specifically

Morgan & Morgan advised Banco La Hipotecaria, S.A. in the structuring of its first covered bond program

Morgan & Morgan advised Banco La Hipotecaria, S.A. (BLH) in the structuring of its first covered bond program from which BLH may issue covered bonds pursuant to Rule 144A and Regulation S of the Securities Act of 1933 in series, from time to time, up to a maximum aggregate nominal amount of US$200,000,000. The issuer

Morgan & Morgan advised The Goldman Sachs Group Inc. in the negotiation of a Security Purchase Agreement with McDermott International, Inc.

Panama, December 7, 2018. Morgan & Morgan represented certain investment funds managed by the Merchant Banking Division of The Goldman Sachs Group Inc. (“Goldman Sachs”) in the negotiation of a Security Purchase Agreement pursuant to which Goldman Sachs acquired for US$300 Million, 12% Redeemable Preferred Stock of McDermott International, Inc., a Panamanian corporation (the “Company”),

Morgan & Morgan in Getting The Deal Through: Market Intelligence-Shipping 2018

Jazmina Rovi y Francisco Linares, partners of Morgan & Morgan, contributed to the Panama chapter of the second 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

Morgan & Morgan participated in Seminar on Property Taxes

Panama, November 20, 2018. Adolfo Campos, senior associate and tax specialist, took part as speaker in the Seminar on Property Taxes in Panama-New Law 66 of 2017. During the event the speakers talked about the most relevant aspects of Law 66 of 2017 which will begin to take effect on January 1st, 2019. The activity

Morgan & Morgan is internationally recognized for its Community Legal Assistance Program

Panama, November 14, 2018. We are proud to announce that Morgan & Morgan, through the work carried out by its Community Legal Assistance Program, received the international recognition “Regional Best Practices Award for Sustainable Development in Latin America and the Caribbean” for the work the organization has been doing on the Sustainable Development Goal (SDG)

Morgan & Morgan submitted Annual Sustainability Report to the United Nations Forum

Panamá, November 6, 2018. On the basis of the Sustainable Development Goals, Morgan & Morgan submitted before the United Nations Organization (UN) Forum, the Sustainability Report from the last period of work. In this new edition, the organization shows its social commitment with its professional staff as well as externally with the community.  All based

Importance of the effective collection of real mortgage loan

Giselle Moncada de Vasquez, senior associate, Morgan & Morgan The loan agreement secured by mortgage is a legal and financial concept that has undoubtedly been a pillar of world economic progress. Hence, the Supreme Court of Justice of Panama in some of its judgments has given it its importance as part of the economic public

New Rules for SEM Companies

      With the enactment of Law 57 of October 24th, 2018 that modifies Law 41 of 2007, creating a Special Regime for the Establishment and Operation of Multinational Headquarters and the Commission of Multinational Headquarters, new rules applicable to SEM (for its acronym in Spanish) companies are established.  

National Immigration Authority informs the implementation of new migratory regulations in order to facilitate the family reunion of Venezuelans and promote the shopping tourism from the nationals of Cuba

Executive Decree No. 612 of October 22, 2018  As of October 23, 2018, the National Immigration Authority creates the Humanitarian Matters for the Venezuelans Residents in Panama Office, to facilitate the applications for family reunion. Through this office, the Venezuelan resident in Panama will be able to submit the petitions for the stamped visas of