Member Articles
Feasibility of Organizing a Startup as Limited Liability Entrepreneurship Company On July 22, 2020, the National Assembly approved, after a third debate, Draft Law No. 83 (the “Draft Law”), which regulates limited liability entrepreneurship companies (the “LLECs”) in Panama, and is now awaiting the signature (or veto) of the President of the Republic... |
Superintendence of Non-Financial Regulated Persons Issues New Regulations in Relation to Attorneys and Accountants Panama, 24 July 2020. By means of Rule JD-01-2020, published in the Official Gazette No. 29076 of 24 July 2020, the Superintendence of Non-Financial Regulated Persons (SNFR) has established a set of rules and obligations imposed to attorneys and accountants whenever they incur in any of the regulated activities under Law 23 of 2015, which relates to prevention of money laundering, financing of arms of mass destruction and financing of terrorism... |
Panama: The World of Turnkey Contracts, Partial Payment Accounts and Certificates of No Objection
For a long time, we have heard in different social media, for various reasons, some more positive than others, information related to Turnkey Contracts and the State indebtedness resulting from the Partial Payment Accounts (in Spanish, “Cuentas de Pago Parcial”) and Certificates of No Objection (in Spanish, “Certificados de No Objeción”)... |
The Creation of a Startup in Panama An entrepreneur has a lot to consider when starting a new business... |
The COVID-19 Pandemic Triggers the Use of Electronic Commerce in Central America Confinement and strict measures of social distancing are now part of the reality of millions of people around the world. Given the uncertainty presented by the world panorama in the economic, political, social and cultural fields, the authorities must go one step further to try to mitigate the severe consequences that the COVID-19 pandemic has caused globally... |
Why Incorporate your Startup in Panama? In the corporate world, there is a novel type of enterprise labeled “startup,” which is known for its rapid growth, partly, because of the fact that it is highly related to the general use of information and communications technologies (ICTs) and the latest business trends... |
QIL+4 Abogados Introduces New Workplaces Manual: COVID-19 This new Workplaces Manual covers all General Preventative Measures set for the by the following: Governmental Agreement 79-2020 Ministerial Agreement 146-2020 Presidential provisions in force Provisions of the Ministry of Public Health and Social Assistance Guide to the identification of occupational hazards by Covid-19 and preventive measures in the workplace - IGSS Regulation of Occupational Health and Safety The Manual covers the specifics of all factors involved in halting |
The Civil Aviation Authority, the National Immigration Authority and the Ministry of Labor Extend the Measures Taken as a Result of the State of Emergency due to the COVID-19 Pandemic Civil Aviation Authority: All international flightsshall remain suspended untilJuly 22, 2020. National Immigration Authority: All identifications issued by the National Immigration Authoritythat weredue to expirebetween March 13 and July 31, 2020,willremain validuntilOctober 31, 2020,without incurring in fines or surcharges... |
Labor Update: COVID-19 Preventative Measures for Workplaces The Guide for the Identification of Labor Risks by Covid-19 and Preventive Measures in Workplaces was published by the Guatemalan Social Security Institute... |
Weekly Report: COVID-19 in Central America (May 30 - June 5)
Special Report "COVID-19 in Central America" on special measures taken in each country of our region prepared by the multidisciplinary team of Consortium Legal. The information contained in this publication is for information purposes only and does not constitute legal advice. The information is constantly updated and is subject to change... |
Corporate Compliance Guide - Chapter on Certifications "As demonstrated within this context, actual enforcement can serve as a powerful motivator of intensified corporate compliance efforts. Companies and individuals often want to do the right thing, but an effective compliance programme entails more than just a pristine ethical mindset. Among other elements discussed in this book, a compliance programme requires the commitment of management at all levels and sufficient resourcing to do the job well... |
Labor Update New Procedure for Authorization and Registration of Furloughs On May 23, 2020, the notice related to the Employment Protection Fund was jointly published by the Ministry of Labor and Social Welfare and the Ministry of Economy, through which a new electronic procedure was implemented for the registration, control and authorization of total suspensions (individual or collective) of employment contracts... |
Ministerial Agreement 146-2020: National Strategy for Control of Epidemic of SARS COV-2 and Conditioned of Confinement
The Ministry of Public Health has published changes in the strategy to be followed for the eventual de-escalation of the confinement measures to be followed, repealing agreement 144-2020... |
Government of Guatemala Issues National Strategy Plan to Reopen Activities in the Country The Ministry of Public Health and Social Assistance recently published Ministerial Agreement 144-2020 that contains the national strategy for controlling the epidemic COVID-19 and confinement conditions... |
COVID-19: Reopening of the National Immigration Authority and the Labor Immigration Department of the Ministry of Labor Updated on June 1, 2020 National Immigration Authority: Residence Permitsare valid until June 7, 2020. This measure is in place since March 13. The suspension of administrative processesanduser service will belifted from June 8. In-person user service will be restored gradually and progressively: Between June 8 and June 12, only attorneys will be allowed to visit, between the hours of 7:00 a.m. and 4:00 p.m... |
Weekly Report: COVID-19 in Central America (May 16 - 22) Special Report "COVID-19 in Central America" on special measures taken in each country of our region prepared by the multidisciplinary team of Consortium Legal. The information contained in this publication is for information purposes only and does not constitute legal advice. The information is constantly updated and is subject to change... |
COVID-19: Additional, Exceptional and Temporary Measures Adopted by the Superintendency of Banks of Panama and the Panama Banking Association. 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".”... |
Hard Knock to the Legal Certainty in Guatemala - Electric Sector in Crisis Guatemala dawns today with the validity of a law, contained in the Decree 15-2020, extremely harmful for the country, the economy, the industry and legal certainty, and in violation of the Constitution. This law allows for the possibility of not paying certain basic services (water, cable, telephony, power [sic] (electric power) and internet) by the users, and imposes the obligation to public and private supplier companies not to suspend, under any circumstances, their provision... |
How to Celebrate Valid Agreements and Contracts in Social Isolation? At QIL + 4, prevention is key and our clients’ and team’s health the most important thing. Under the new measures implemented by the Guatemalan Government, we have analyzed the legal alternatives available for signing commercial and civil agreements virtually... |
Weekly Report: COVID-19 in Central America Special Report "COVID-19 in Central America" on special measures taken in each country of our region prepared by the multidisciplinary team of Consortium Legal. The information contained in this publication is for information purposes only and does not constitute legal advice. The information is constantly updated and is subject to change... |
Mexico: Amendment to the Federal Strategy for Reopening of Activities
The order described below is a follow-up to the order establishing the strategy for the reopening and return to social, educational, and economic activities, including additional industries to those considered essential, published on May 14, 2020 (the “Order”). (Our alert on the Order can be found here... |
Mexico: CENACE Publishes an Order to Suspend Pre-Commissioning Tests of Wind and Solar Power Plants
Within the context of the COVID-19 pandemic, the National Center for Energy Control (“CENACE”) notified users of the Market Information System of its “Order to guarantee the efficiency, quality, reliability, continuity and security of the National Electric System, motivated by the recognition of the epidemic of the illness caused by the SARS-CoV2 virus (COVID-19),” (the “Order”), via the Public Area of the Market Information System of its official web |
COVID-19: Creation of the Health Committee and the Safety Plan for the Return to Business Activities 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... |
Mexico: Federal Strategy for Reopening of Activities
The order described below is a follow-up to the order published on April 21, 2020 (the “Order”), that extended the immediate suspension of all non-essential activities in the public, private, and social sectors until May 30, 2020. (Our alert on the Order can be found here)... |
Legal Feasibility of Electronic Signatures in the Republic of Panama 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... |
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