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

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

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.

A look at the compliance measures applicable to the Stock Market

Pablo Epifanio, Senior Associate, Morgan & Morgan The stock market is undoubtedly one of the most important economic forces in the world. Every year, billions of dollars are moved through stock exchange operations, and year after year, in most jurisdictions, the stock market is promoted as a tool for financing or capturing capital for issuers

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

Considerations before starting a business in Panama

María Eugenia Brenes, associate of the Intellectual Property and Corporate Law Department of Morgan & Morgan [email protected] Formalizing a business requires several decisions of a legal nature. Business Owner The first thing that should be considered is to determine whether the venture is on a personal basis or through a corporation. This decision is very

Panama: New Law on Protection of Personal Data

With the enactment of Law No. 81 on Protection of Personal Data, the Republic of Panama aims to establish the principles, rights, obligations and procedures that regulate the protection of personal data, also considering their interrelation with private life and other rights and fundamental freedoms of citizens, by natural or legal persons, public or private

Crowdfunding as a source of financing for businesses

Ricardo Arias and Roberto Vidal, partners of the Corporate Law Department of Morgan & Morgan One of the biggest challenges that micro, small and medium enterprises face when trying to settle in and achieve success as profitable businesses is to obtain capital and sources of financing. Sometimes, the most common sources of financial resources –

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