The Limited Liability Partnership Under the laws of the Republic of Panama

By : Gabriel Tribaldos The Panamanian Limited Liability Partnership has been a part of Panama’s trade laws since 1916, when the Panamanian Commercial Code was issued. However, during 2009 it was subject to a profound reform in order to adapt it to an always demanding and changing market. As its “younger sister”, the worldwide famous

Morgan & Morgan in special issue of law firms by ‘Estrategia & Negocios’ magazine

Morgan & Morgan made the special edition of “Most prestigious law firms in the region” prepared every year by the renowned magazine ‘Estrategia & Negocios’. The publication not only acknowledged the 90 year professional trajectory and success achieved by Morgan & Morgan as a key market player in the development of the country, but also

Panama and its importance for the International Protection of Trademarks

The Republic of Panama, using Law No.35 of May 10, 1996 as a basis, continues making its best efforts to provide the highest possible protection to Intellectual Property, both in the territory of the Republic of Panama as well as also cooperating with the owners of intellectual property rights, by means of the firm application

The Panama Trust in International Tax Planning

Panama trusts are employed in a variety of purposes, whether they be commercial, as in the case of guarantee, development, or securitization trusts, or for private purposes such as asset protection or succession trusts, and can be used indistinctively for either domestic or international transactions, because the law makes no difference between local or offshore

A Look at Panama’s Tax Reform

Panama’s current administration began its tax reforms with Law 49 of September 17, 2009 (Law 49/2009). That was followed by Law 69 of November 6, 2009 (Law 69/2009), Law 8 of March 15, 2010 (Law 8/2010), Law 33 of June 30, 2010 (Law 33/2010), and finally Law 31 of April 5, 2011 (Law 31 /

Israel – Advantages of Israeli Underlying Companies

Israel’s taxation system has undergone a major reform since 2003. The Income Tax Ordinance was revised as of 2003 pursuant to which an Israeli resident is taxed on worldwide income rather than the previous territorial tax system.  The Taxation of Trusts Law (the «Law»), effective as of January 1, 2006, while imposing taxes on Israeli

Economic Panorama of Greece

Uncertainty and Concern in and environment full of changes While young people appeal for jobs with decent pay, and the elderly complain over the payment of their persons, the Greek government has other ideas in mind. This is the result of over thirty years of ¨parting¨ during which the Greek nation maintained a steady increase

CYPRUS, an introduction

Cyprus as a Country In spite of the fact that Cyprus is usually associated with sandy beaches and an amiable climate, it is equally true that this small island is perhaps the one of the most up and coming jurisdictions in international tax planning. Cyprus is located in the eastern node of the Mediterranean Sea,

Significant amendments to Panama's Securities Law

Back in 1999, a law was adopted renovating an autonomous regulator and putting in place a modern regime to govern securities and capital markets in Panama, placing the local regulatory environment very much in line with legislation in force in more developed markets such as the United States (including, for example, the creation of the

STEP ASIA CONFERENCE 2011. Singapore. TRUSTS, FAMILIES AND BUSINESS – An Asian Focus.

As the Morgan & Morgan Group completes its third year of presence in Singapore, the fiduciary family in this ever thriving financial center was handsomely treated with the best the  industry has to offer, as  the 2011 edition of our STEP ASIA Conference took place at the Fairmont Hotel. The gathering was a resounding success,