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Morgan & Morgan  

Legal Services | Panama

www.morimor.com
tel: +507 265 7777 | fax: +507 265 7700
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Francisco Arias G

Francisco Arias GPartner

  • Banking and Finance
  • Government Procurement and Contracts

Maria Teresa Mendoza

Maria Teresa MendozaPartner

  • Labor Law

Albalira Montufar

Albalira MontufarPartner

  • Immigration Law


Roberto Vidal

Roberto VidalPartner

  • Banking and Finance
  • Energy and Natural Resources

Amanda Barraza

Amanda BarrazaAssociate

  • Taxation

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All panama COVID-19 articles | All Articles by Morgan & Morgan

COVID-19: Additional, Exceptional and Temporary Measures Adopted by the Superintendency of Banks of Panama and the Panama Banking Association.
Morgan & Morgan, May 2020

Rule 2-2020, as amended by Rule 3-2020 of the Superintendency of Banks of Panama (hereinafter, “SBP,” for its initials in Spanish). On March 16, 2020, the SBP issued Rule 2-2020, which was subsequently amended by Rule 3-2020 (here in after referred to as “Rule 2-2020") and "establishes additional, exceptional and temporary measures for compliance with the provisions contained in Rule 4-2013 on credit risk".”...

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COVID-19: Creation of the Health Committee and the Safety Plan for the Return to Business Activities
Morgan & Morgan, May 2020

Panama, May 12, 2020.In planning for the post-quarantine return to business activities, the Ministry of Labor (MITRADEL, for its initials in Spanish) based on Executive Decree No. 78 of March 16, 2020, has required business to create Special Committees on Health and Hygiene for the Prevention and Care of COVID-19. These committees must include representatives for both management and labor. What does this committee consist of, and how should it be formed? It is a select temporary committee, different from the Health Committee, with specific functions related to prevention and mitigation measures for COVID-19 at the workplace and that will remain in force for the duration of the pandemic...

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Legal Feasibility of Electronic Signatures in the Republic of Panama
Morgan & Morgan, May 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. Law 51 of July 22, 2008, regulated the use of electronic documents, electronic signatures, storage services for the electronic documents, the certification of electronic signatures and adopted other measures to develop e-commerce. Law 51 of 2008 was subsequently amended by Law 82 of November 9, 2012 and regulated through Executive Decree No. 684 of October 18, 2013...

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COVID-19: Measures Related to Leases and Evictions
Morgan & Morgan, May 2020

Through Executive Decree No. 145 of 1 May 2020 (the “Executive Decree”), enacted in Official Gazette 29,015 of the same date, the Panamanian Government established certain measures related to lease agreements and eviction procedures...

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COVID-19: Measures Adopted by the SMV Regarding Regulated Entities
Morgan & Morgan, May 2020

Panama, May 4, 2020. The Superintendence of the Securities Market (the “SMV”) has implemented measures that allow its regulated entities to continue with their financial activities that, in accordance to the Executive Decree No° 507 of 24 March 2020, are exempted from the measures adopted by the Executive Branch for the COVID-19 pandemic. Remote Working In accordance to General Resolution SMV No...

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