New Law establishes a legal framework for the comprehensive approach to Sexually Transmitted Infections (STIs) and the Human Immunodeficiency Virus (HIV)

Law 40 of August 14, 2018 has, among other, some provisions that affect the workplace, such as the following: Obligations and prohibitions for employers: Any discrimination and stigmatizing or segregating act is prohibited to the detriment of those affected, as well as against their relatives and friends. Every employer is obliged to implement practical ILO

Morgan & Morgan recognized in Chambers Global Guide-2018

Morgan & Morgan´s Panama office, and fifteen attorneys of the firm were recognized in the Chambers Global 2018, guide of the best lawyers and law firms across 190 jurisdictions in the world. The firm has been ranked in the first Bands within the areas of Corporate/Commercial, Banking & Finance, Dispute Resolution, Intellectual Property, Offshore, Shipping

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Regulatory immigration framework: Options to immigrate and work in Panama

Albalira Montufar, Partner, Immigration Law  Panama has become a popular destination to immigrate in the region, due to its economic growth and socio-political stability, which contrasts with other neighboring countries´ intricate conditions.  Within the last decade, multiple infrastructure projects, as well as incentives favorable to establish and operate multinational companies, have resulted in an increase

The Republic of Panama: A Hub for Multinationals

Alvaro E. Tomas and Carlos Ernesto Gonzalez Ramirez, partners, Morgan & Morgan What has made corporate stalwarts such as Maersk (shipping), Procter & Gamble (consumer goods), LG (electronics), Caterpillar (construction equipment), CEMEX (construction materials) , Nike (sports equipment and apparel) and Heineken (breweries), just to name a few, choose to establish their headquarters in this

The Tax Residence in Panama

By: Amanda Barraza de Wong, Associate, Tax Law With Panama being a jurisdiction whose tax system is based on the Principle of Territoriality, and whose economy revolves around financial, legal and logistic services… what policy should it have with regards to foreign capital? Certainly a policy for attracting direct foreign investment. Capital that provides financing

Pride and history for Morgan & Morgan

On Monday June 27, 2016 the Lycaste Peace, a liquefied gas carrying ship from the Japanese company NYK Line, became the first vessel with a Panamanian flag to transit the Canal expansion after its inauguration. NYK Line is one of the largest transportation companies in the world, part of the Mitsubishi consortium, one of our

The security trust in financing the purchase of real estate

By Giselle Moncada, Associate, Morgan & Morgan, Chiriquí office The possibility of buying real estate rests normally on the capacity of an individual or company to acquire debt, reason why credit entities play an essential role in the success of the real estate market. Lately, we have noticed that in addition to the traditional loan

BVI Private Trust Companies

By Fanny Evans, Executive Director and General Manager of MMG Trust (BVI) Corp.  Since the introduction of the Private Trust Company (PTC) in the BVI, this vehicle has become attractive to act as the Trustee, Protector or Administrator of a trust without the need to apply for an exemption or to apply for a trust license

Joint Tenancy of Shares in a British Virgin Islands (“BVI”) Business Company

By Thalia Myers, In-House Legal Counsel at MMG Trust (BVI) Corp. and Morgan & Morgan Barristers & Solicitors   What is Joint Tenancy? A joint tenancy is a type of co-ownership or concurrent estate in which co-owners have a right of survivorship. The applicable law governing right of survivorship by way of joint tenancy is