Estate Planning_news

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

Morgan & Morgan lawyers and practices recognized in The Legal 500 – Latin America guide

Panama, December 16, 2019. Morgan & Morgan repeated as a leading Panamanian firm in The Legal 500 – Latin America Guide. Banking and Finance, Corporate and M&A, Dispute Resolution, Intellectual Property, Offshore and Shipping earned the top-tier rankings. In addition, five lawyers of the firm received recommendations: Francisco Arias / “Leading Individual” Jazmina Rovi /

The importance of having a data-protection compliance program

Fanny Evans, Senior Associate, Morgan & Morgan In 2013, Virginia Ginni Rometty – CEO of IBM, said “I would like you to think of big data as the next natural resource that can be to our era what steam, electricity and oil were for the Industrial Age.” Probably, you have read or heard: Data is

New Law on tax amnesty in Panama: corporations and private interest foundations

Alvaro Tomas, partner and Vice President of Operations of the Fiduciary Unit of Morgan & Morgan The Panamanian government has issued Law 99 of October 11, 2019, which establishes a General Tax Amnesty Law (“Amnesty”) that includes the elimination, for a limited period, of the penalties and surcharges caused by non-payment of the obligations with

Regulations on Accounting Records for offshore companies

In order to comply with the international guidelines regarding corporate transparency, the government of Panama enacted Law 52 of October 27, 2016 in the Official Gazette, which establishes the obligation for Panamanian companies and other entities to maintain accounting records, financial records and supporting documentation of all transactions that took place during the last five

Belize: Intellectual Property Prohibition

Naim Musa, Managing Director, Morgan & Morgan, Belize office Pursuant to the International Business Companies (Intellectual Property Asset Prohibition) Regulations, 2019 and related legislation, companies incorporated under the International Business Companies Act of Belize (IBCs) shall not acquire, hold own or deal with any Intellectual Property Asset as follows: • IBCs incorporated on or before

The Bahamas: Economic Substance Legislation

The Bahamas: Economic Substance Legislation

Fanny Evans, associate at Morgan & Morgan The Bahamas has passed legislation requiring that certain legal entities carrying on relevant activities have to demonstrate adequate economic substance in said jurisdiction. The beneficial owners of any company or limited partnership incorporated, registered or continued in The Bahamas should be aware of this legislation and consider how

BVI: Economic Substance Legislation

Fanny Evans, associate at Morgan & Morgan The British Virgin Islands (BVI) has passed legislation requiring certain legal entities carrying on relevant activities to demonstrate adequate economic substance in the BVI. The owners of any company or limited partnership registered or incorporated in the BVI should be aware of this legislation and consider how they

Morgan & Morgan distinguished as a Panamanian top law firm in Chambers Latin America 2019

Panama, September 25, 2018. Morgan & Morgan and sixteen attorneys of the firm were recognized in the Chambers Latin America 2019, guide of the best lawyers and law firms across 20 countries of Central America, the Caribbean, South America and Mexico. The firm has been ranked in the first Bands within the areas of Banking

Morgan & Morgan contributed in the Chambers & Partners Private Wealth Guide 2019

Partners Roberto Lewis, Raul Castro, Luis Manzanares and Fernando Boyd contributed with the Panama chapter of Chambers & Partners Private Wealth Guide 2019. The guide provides expert legal commentary on the key issues for high net worth individuals and covers the important developments in twenty-seven jurisdictions, including Panama. The complete guide is available here.