Panama, January 7, 2020. Partners Jose Carrizo, Inocencio Galindo, Aristides Anguizola, and associate Analissa Carles contributed with the Chambers & Partners Insolvency Guide-Trends & Developments, providing their professional insights into Panama’s legal insolvency restructuring market.
The online Panama chapter is available here.
Or a PDF version is available to download here.
Panama, January 7, 2020. For the fifth consecutive year, Morgan & Morgan has contributed with Doing Business 2020, a publication that summarizes regulations that enhance business activity across 190 economies.
The following attorneys of the firm received a “Certificate of Appreciation” for their valuable contribution:
The report, which was published by the World Bank Group, is is available for download here.
Panama, January 6, 2020. Morgan & Morgan is pleased to announce the promotion of Aristides Anguizola to the partnership of the firm. The designation of Mr. Anguizola comes to reinforce the firm´s already robust Corporate Law team.
Mr. Anguizola has concentrated his practice in mining and has significant experience providing legal support for mineral exploration and mine development and finance. He is often involved advising clients in transactions related to corporate and commercial, project finance and development, mergers and acquisitions, banking law, capital markets, and regulatory work.
With almost ten years of experience as a corporate lawyer, Mr. Anguizola has acted as co-counsel on complex mega-projects such as Cobre Panama, the most significant private sector investment in the country; Metro de Panama, the most important public infrastructure project under development in Panama; and Metro Bus, the public bus rapid system for Panama City. Recently, he was part of the team that advised the Ministry of Public Works on the drafting and approval of the new law for public-private partnerships (PPPs).
Before joining Morgan & Morgan, Mr. Anguizola gained experience as a summer associate in McConnell Valdes LLC, San Juan, Puerto Rico. He also worked as a summer associate in Greenberg Traurig LLP, Washington D.C., U.S.A., dealing with the Government Affairs Practice Group to lobby the U.S.-Panama Trade Promotion Agreement.
Mr. Anguizola contributed as a writer in some publications such as the Panama Chapter of Doing Business (a project of the World Bank Group), and the Panama Chapter of Chambers & Partners´ Insolvency and Mining guides.
Panama, December 16, 2019. Morgan & Morgan repeated as a leading Panamanian firm in The Legal 500 – Latin America Guide. Banking and Finance, Corporate and M&A, Dispute Resolution, Intellectual Property, Offshore and Shipping earned the top-tier rankings.
In addition, five lawyers of the firm received recommendations:
Panama, November 25, 2019. Partners Carlos Ernesto González Ramírez (Antitrust & Competition), Inocencio Galindo (Banking & Finance), and Francisco Arias (Corporate and M&A) have been included at LACCA Approved 2020, a selection of Latin American leading lawyers in specific areas of law.
Approved lawyers have been personally recommended by members of LACCA, who are all general counsel from the top multinationals and private companies across the region.
More information on http://laccanet.com/approved/.
Morgan & Morgan received top-tier rankings in the international directory IFLR1000, a guide that analyzes the work of lawyers in the financial and corporate transactional area.
In addition, five lawyers of the firm are listed as leading professionals:
- Aristides Anguizola – Rising Star
- Francisco Arias – Highly Regarded
- Carlos Ernesto González Ramírez – Highly Regarded
- Inocencio Galindo – Highly Regarded
Meet them at Here.
Panama, November 15, 2019. Morgan & Morgan acted as counsel to the majority shareholders of Cemento Interoceanico, S.A., a Panamanian company dedicated to the production, commercialization and distribution of cement, concrete and derivative products, with respect to the sale of 75% of the issued and outstanding shares of the company to Cemento de Panama S.L.
Cemento de Panama S.L., is a company organized by the laws of Spain, part of Cemento Progreso´s Group, a Guatemala based major player in the cement and concrete industry in the Central American region.
The transaction had a unique structure and therefore, the legal team of Morgan & Morgan dealt with important challenges throughout the negotiation and closing of the deal.
London, October 3, 2019. Luis G. Raven, partner in the Shipping and Admiralty Litigation Department of Morgan & Morgan, participated in The International Maritime Law Seminar (IMLS), an annual event that takes place in the City of London and seeks to provide in-depth analysis and discussion of current legal topics critical to the marine industry.
More than 250 maritime executives and attorneys attended the seminar presented under the moderation of representatives of more than 15 leading law firms from five different continents. Mr. Raven participated in the panel discussion titled “Issues and Solutions Arising from IMO 2020 ULSFO Requirements” and he focused on the steps being taken in Panama to guarantee MARPOL Annex VI’s implementation and enforcement.
With this new legal initiative, the taxpayers have the opportunity to clear tax debts without interests, surcharges and fines and to file forms past due without penalties.
Those managed by the Revenues General Directorate
What does the tax amnesty refer to?
- Condonation of:
Tax Amnesty Term
|If paid||Condonation %|
|by Nov 30||100%|
|By Dec 31st||95%|
|By Jan 31st||90%|
|By Feb 28th||85%|
Reports due to the DGI can be filed until Dec 31st, 2019 without triggering a fine:
- Donations Report
- NGO´s Report
- Form 03
- Form 40 on Retirement Fund
- Form F-41 insurance companies
- Form 42 interests certification
- Form 43 Purchases Report
- Credit Cards sales Report F-44
- F930 Transfer Pricing Report
- Remittances Abroad Report for SEM and Panama Pacifico Companies.
- Others which establish a fine for late filing
Apply with the payment of 25% of the debt and the remaining portion is cancelled no later than June30th of 2020 and the % of interests, surcharges and fines condoned depends on the month the payment arrangement is executed.
Use of the Benefit in the Law
The interested party must communicate his interest either in person, through a POA or by means of the eTax2.0.
Panama, October 7, 2019. Maria Eugenia Brenes, associate in the Intellectual Property Department of Morgan & Morgan, contributed with the Panama Chapter of Patents 2020, a publication that covers common issues in patent laws and regulations, in 36 jurisdictions.
The complete publication can be found here.