Banking and Commercial Law_covid

Main Banking Regulation in times of COVID-19 (Rule 4-2013 and Rule 2-2020) (Webinar)

Panama, May 22, 2020. The German-Panamanian Chamber of Commerce and Industry, in alliance with the Swiss-Panamanian Chamber of Commerce, the Franco-Panamanian Chamber of Commerce, and the Panamanian-Dutch Chamber of Commerce, held the Webinar “Main Banking Regulation in times of COVID-19” (Rule 4-2013 and Rule 2-2020).  This Webinar was presented by Kharla Aizpurua Olmos, partner at

COVID-19: Additional, exceptional and temporary measures adopted by the Superintendency of Banks of Panama and the Panama Banking Association.

Updated on May 21, 2020.Rule 2-2020, as amended by Rule 3-2020 of the Superintendency of Banks of Panama (hereinafter, “SBP,” for its initials in Spanish). On March 16, 2020, the SBP issued Rule 2-2020, which was subsequently amended by Rule 3-2020 (here in after referred to as “Rule 2-2020″) and “establishes additional, exceptional and temporary

COVID-19: Measures related to leases and evictions.

Updated on May 14, 2020. Through Executive Decree No. 145 of 1 May 2020 (the “Executive Decree”), enacted in Official Gazette 29,015 of the same date, the Panamanian Government established certain measures related to lease agreements and eviction procedures. Among its recitals, the Executive Decree indicates “that the health crisis produced by the COVID-19 pandemic, has resulted in the loss of jobs, the suspension of the effects of contracts, as well as commercial

Insolvency and Liquidation proceedings (Webinar)

Panama, May 13, 2020. The Chamber of Commerce, Industries and Agriculture of Panama held a Webinar on “Practical procedures of the insolvency regime for the reorganization of companies.” Jose Carrizo and Aristides Anguizola, partners at Morgan & Morgan, participated as speakers during the presentation to more than 200 Chamber members. Click here to view: Practical

COVID-19: Measures related to leases and evictions

Update on Panama, May 7, 2020. Through Executive Decree No. 145 of 1 May 2020 (the “Executive Decree”), enacted in Official Gazette 29,015 of the same date, the Panamanian Government established certain measures related to lease agreements and eviction procedures. Among its recitals, the Executive Decree indicates “that the health crisis produced by the COVID-19

Insolvency and Liquidation proceedings vis-a-vis the COVID-19 crisis (Presentation)

Panama, May 7, 2020. Brief and concise presentation on Law 12 of March 19, 2016, which regulates insolvency proceedings. The presentation provides an overview of the procedural requirements, effects and application for both reorganization and liquidation proceedings in Panama. Given the economic impact of the “Covid-19” crisis, knowledge of this Law becomes very relevant. Click

Legal feasibility of electronic signatures in the Republic of Panama

Updated on May 5, 2020 Given the state of emergency declared by the Panamanian Government as a result of the COVID 19 pandemic, the stay at home orders issued by the health authorities and the social distancing that is essential to control the outbreak, the technological tools available for companies to operate remotely are vital.

Economic opportunities in Central America and the Caribbean post COVID-19 (Article)

Updated on Panama, April 27, 2020. Lex Latin published an article on the economic and transactional expectations facing the Central American and Caribbean region in the COVID-19 scenario. Partners from important law firms in the region contributed through interviews, including Francisco Arias G., partner at Morgan & Morgan. Click here to read: Economic opportunities in

COVID-19 and Panama´s Insolvency Law

7 April 2020. The health crisis caused by COVID-19 (better known as “Coronavirus”) has had a significant impact on both global and local trade. In our country, the first case, which was confirmed on March 9, triggered the implementation of significant sanitary measures that led to the necessary temporary closure of multiple enterprises, as well