The Economic Substance (Companies and Limited Partnership) Act, 2018 (“ESA”) was enacted in the British Virgin Islands (“BVI”) on December 28, 2018, and came into force on January 1, 2019. The ESA provisions apply to BVI Business Companies and Limited…
In order to assist you in complying with the Economic Substance Law (“ESA Act”), we confirm that we have already sent you a digital “link” by company, which will allow you to determine if your company is within or outside…
Following the implementation of the Economic Substance Act 2018 (the “Act”), which came into force in January 2019, the BVI International Tax Authority (ITA) published the Rules on Economic Substance in the Virgin Islands (“Rules”), which replace the draft version of the…
The Republic of Panama approved Law No. 254 of November 11th, 2021, which introduces amendments to the rules on (1) exchange of tax information, (2) prevention of money laundering, (3) accounting records for legal entities, and (4) registration of beneficial…
China State Construction Engineering Corporation Ltd: Advice to China State Construction Engineering Corporation Ltd. in the development and construction of the City of Hope Residential Project (project awarded 2015), promoted by the Panamanian Minister of Housing, in which 2,250 homes,…
Claro Panama, S.A: Advice to Claro Panama, S.A. in litigation procedure before the National Authority of Public Services related to the promotion of “Quintuplica”. (September 2017)
Recently, the first Collaborative Practices in Conflict Resolution training was offered in Panama in which attorneys Selva del C. Quintero M. and Kriss Ríos participated, representing the Litigation and Arbitration practice group. This training was led by international experts Lisa…
In collaboration with the Instituto de Estudio e Investigación Jurídica (INEJ), we recently carried out our annual training on Money Laundering Prevention. This year, Luis Miguel Reyna Alfaro joined us and gave the lecture: "Money Laundering and Terrorism Financing Prevention Duties…
Copa Holding, S.A.: Advice to Copa Airlines in the financing, leasing and registration of their current fleet, including their latest aircraft financed under the Japanese Operating Leases structure with Call Option (JOLCO), pioneering transaction in the Panamanian and Latin American…
Copa Holding, S.A: Advice to Copa Holding, S.A. in the daily operations and regulatory compliance of the Panamanian and New York Stock Exchanges Our client is one of the few Panamanian companies that actively quotes in both the Panamanian Stock…
