Labor aspects of the upcoming May 5th elections
In accordance with the Political Constitution of the Republic of Panama, voting in the general elections is both a right and a duty that all voters, Panamanian citizens, have. Under this perspective, the Electoral Code contains a series of rules applicable to private companies in regard to these elections (arts. 406 and 407). It is
- Published in Labor Law_news, News
Criterios ASG: acciones estratégicas en una empresa de servicios profesionales
El papel de las empresas y su forma de operar es cada vez más relevante, en especial luego de lo vivido durante la pandemia, la crisis medioambiental y el contexto político que estamos viviendo. En este sentido, los modelos de negocio, incluyendo aquellos de servicios profesionales como los bufetes de abogados, auditores y contadores, deben
- Published in News
Electoral Labor Immunity in Panama
Electoral labor immunity in Panama is a matter of crucial importance for both employers and employees, to ensure fairness and democratic participation in the electoral process, especially for those employees who decide to run as candidates or are elected to public office. Electoral labor immunity is the guarantee and protection that candidates and electoral delegates
- Published in Labor Law_news, News, Sophia A. Lee
Work and rest during Holy Week
The Labor Code states that Good Friday is a mandatory rest day, it is paid as an ordinary working day, which means that, in general, companies close their operations on that day and employees do not work. Employees who work on Good Friday are entitled to receive payment of their salary with a surcharge of
- Published in Labor Law_news, News
The National Immigration Service establishes a new deadline for submitting extensions for expired Residences Permits and modifies the procedure for requesting the Seafarer Visa Stamped Upon Arrival.
Resolutions No. 9049 and 9047 of March 1st, 2024 Resolution No. 9049 of March 1st, 2024 (hereinafter the “Resolution”), published in the Official Gazette on March 6, 2024, extends the deadline until June 30th, 2024, to submit those residence permits that expired from March 13th, 2020: The granted deadline applies to the submission of extension
- Published in Immigration Law_news, News
Belize: Recent AML Compliance Actions taken by the Government of Belize.
In July 2011 Belize faced its Third Round of Mutual Evaluation by the Caribbean Financial Action Task Force (CFATF). As a result of this, in November 2013, CFATF issued a public statement listing Belize as a jurisdiction with strategic deficiencies in its AML/ATF regime. After a comprehensive revision of the legislative framework and its implementation
- Published in Corporate Services_news, Estate Planning_news, News
Morgan & Morgan advised Cirsa Finance International S.à.r.l. with the issuance of €650 million senior secured notes for debt restructuring.
Panama, February 13, 2024. Morgan & Morgan Legal acted as Panamanian legal counsel to Cirsa Finance International S.à.r.l. (the “Issuer”), in connection with the offering (the “Offering”) pursuant to the final offering memorandum dated January 30, 2024 (the “Offering Memorandum”) of €650,000,000 aggregate principal amount of Senior Secured Notes consisting of €450,000,000 6.500% Senior Secured
- Published in Securities and Capital Markets_news, expertise, Katia Pallares, Roberto Vidal
Morgan & Morgan Legal advised Sojitz Corporation in the acquisition of Grupo Sílaba.
Panama, February 20, 2024. Morgan & Morgan Legal advised Sojitz Corporation in the acquisition of the shares of Silaba Motors (also known as “Grupo Sílaba”), a major automobile distributor operating in the Republic of Panama representing brands such as KIA, MAZDA, OMODA, JAECOO, KARRY, and NIU. As part of the transaction, Sojitz also acquired Grupo
Morgan & Morgan outstands in The Legal 500 Green Guide Latin America 2024.
Panama, February 15, 2024. Morgan & Morgan has been recommended in the second edition of the global guide: “The Legal 500 Green Guide Latin America 2024”. This is the first time that a Panamanian firm is highlighted in this reference guide of law firms specialized in environmental, social, and governance (ESG) practice area, being, in our case,
- Published in News, Ana Castillo, Ramon Varela
FUNDAMORGAN, Morgan & Morgan’s Corporate Foundation, consolidates its strategy.
Panama City, Republic of Panama, February 1, 2024. With more than 20 years of an emblematic trajectory, FUNDAMORGAN has inaugurated its new offices in Marbella, Panama City. The new location intends to offer more comprehensive, accessible, and dignified attention to the people who participate in and benefit from its programs. FUNDAMORGAN is named in honor of
- Published in News