Estate Planning_news

The United Kingdom Economic Crime Act

The United Kingdom (UK) Economic Crime (Transparency and Enforcement) Act (the Act”) came into force on 15th March, 2022. A new Register of Overseas Entities will be created and held by Companies House. This new Act forms part of the UK government’s strategy to combat economic crime, while making sure that legitimate businesses continue to

Morgan & Morgan among the five most renowned law firms in Central America: WWL Central America 2022.

Panama, April 30, 2022. With 25 positions in the ranking, Morgan & Morgan has been recognized by Who’s Who Legal (WWL) among the five leading law firms in Central America. The publication endorsed eighteen lawyers of the firm in ten practice areas of its ranking, one of the most important in the region: Inocencio Galindo:

Morgan & Morgan promotes Fanny Evans as a new partner in its Estate Planning and Corporate Services team.

Panama, December 28, 2021. Morgan & Morgan is pleased to announce the recent promotion of attorney Fanny Evans as partner of the Fiduciary Services Unit. This designation reinforces the firm´s notable practice in estate planning and corporate services matters. Fanny specializes in business and corporate law, estate planning and company formation and management. She also

STEP-Panama New Board of Directors

Panama, October 15, 2021. The new Board of Directors of The Society of Trust and Estate Practitioners (STEP) Panama Chapter recently took office, with Ms. Ana Isabel Diaz as president for the 2021-2023 period. The event was attended by Mr. Publio De Gracia, Director of the General Revenue Directorate of the Ministry of Economy and

A review of data protection legislation in the Caribbean

In 2019 at the World Economic Forum, Antonio Neri, CEO of Hewlett Packard said “Data is the new currency”. This analogy has become very popular because data is now considered one of the most valuable commodities. In the European Union (EU), data protection is a fundamental right, and the General Data Protection Regulation (GDPR) which came

The United States Corporate Transparency Act (“CTA”) of 2021

Fanny Evans, Senior Associate, Morgan & Morgan What is the CTA? The CTA was enacted on January 1st, 2021 as part of the National Defense Authorization Act to prevent the use of companies to evade anti-money laundering rules or to hide other illegal activities. Under the CTA companies will be required to report information regarding

Morgan & Morgan promotes Kay-Linda Richardson to role of Senior Officer Manager of MMG Trust (BVI) Corp.

British Virgin Islands, January 14, 2020. Morgan & Morgan is pleased to announce the promotion of Ms. Kay-Linda Richardson to the role of Senior Officer, with the designation of Manager of MMG Trust (BVI) Corp. The approval was granted by the British Virgin Islands Financial Services Commission, pursuant to section 19(2) of the Banks and Trust

The philosophy behind the successful Economic Substance Regime of the BVI

Following the introduction in the British Virgin Islands (BVI) of the Economic  Substance (Companies and Limited Partnerships) Act, 2018 (ESA), which became effective on January 1st, 2019, some questioned the sustainability of BVI’s position as a leading international financial centre. While we cannot underestimate those concerns, we believe that there is also evidence that ESA

Morgan & Morgan achieves top ranking in the Chambers High Net Worth Guide 2020

Panama, July 29, 2020. Morgan & Morgan is pleased to announce that, for the fifth consecutive year, the firm´s Private Wealth Law practice group earned top ranking (Band 1) in the 2020 Chambers Hight Net Worth Guide, a publication aimed at the international private wealth market and a key reference point of the world´s leading

BVI Economic Substance (Podcast)

April 9, 2020. At Morgan & Morgan we continue to look for ways to provide our services and continuity to the flow of information on changes in legislation in the different jurisdictions we have presence. In light of the above, we are pleased to announce the launch of our podcast “Morgan Updates”. This effort will