Pardini & Asociados Image Pardini & Asociados Image

Articles

Panama amends Multinational Headquarters Law

By means of Law 57 of October 24th  of 2018, the Multinational Headquarters regime has been amended with the intention of satisfying the new global criteria for international corporate global operations and to avoid unfair competition.   New...

Read More
Minimum Wage changes in The Republic of Panama - 2018

By means of executive decree No. 75 of December 26th of 2017, President Varela approved the new minimum wage that will enter into effect as of January 1, 2018 Legal basis and historical reference According to article 66 of the Constitution of the Republic of P...

Read More
Code of Commerce: Legal Penalty for Late Payment

By means of Law No. 7 of May 17, 2000, article 233A is added to the Code of Commerce to create a legal surcharge or penalty upon late payers in connection with the financing of services and wholesale goods. The amendment provides that the obligations that arise out of wholesale purchase...

Read More
Panama Coordination Centres

Panama has been chosen by numerous companies dedicated to all kinds of commercial activities as a profit centre and a real base to coordinate their multinational or regional operations. Among the important considerations to justify the setting up of a Panama Coordination Centre are: Pan...

Read More
Panama's Corporation and Trust Law: Recent Improvements

By means of Law Decree No. 5 of July 2nd, 1997, the President of Panama in use of his extraordinary legislative powers granted by the Legislative Assembly has established innovative ammendments to our Commerce Code with respect to our corporations, securities and trusts regimes. It is worth menti...

Read More
Minimum Wage changes in The Republic of Panama - 2016

By means of executive decree No. 182 of December 30th of 2013, President Martinelli´s approved the new minimum wage that will enter into effect as of January 1, 2014   Legal basis and historical reference According to article 66 of th...

Read More
Bankruptcy: Legal Considerations

The Bankruptcy process applies in Panama to merchants and non merchants that cannot repay their debts as they become due, if and only if these debts are product of an act of commerce. This way the bankruptcy in fact arises to the judicial world when the judge declares it. This process c...

Read More

Ready to do Business in Panama?

Our Panama attorneys law firm offers a Guide to Doing Business in Panama completely FREE! Download here!

Get it now

Pardini & Asociados Image