GALA contributed to the ICLG – Aviation Finance & Leasing 2021 (Panama Chapter)
The International Comparative Legal Guides (ICLG) recently published Aviation Finance & Leasing 2021 (Second Edition), which offers readers a practical cross-border insight into aviation finance law. In the Panama chapter, our lawyers: Cristina Lewis, Daniel Sessa, Claudia Juárez, and Anna Valdés, members of our aviation and tax teams, outlined key information regarding contractual, taxation and […]
EMMA Regime | Special Regime for the Establishment and Operation of Multinational Companies for the Provision of Services Related to Manufacturing
On September 1, 2020, Law No. 159, which creates a special regime for the establishment and operation of multinational companies whose main focus is the provision of services related to manufacturing, was published in the Official Gazette. Law No. 159 establishes that services related to manufacturing must be provided from the Republic of Panama to […]
GALA advised Copa on the sale of 14 aircraft
GALA advised Copa Holdings on both the contractual and regulatory aspects of a sale to Alliance, an Australian economic group, of 14 EMB-190 aircraft, together with replacement engines and spare parts for such aircraft and engines. The transaction prescribes for the delivery of the acquired assets to Alliance during the course of 2020 and beginning […]
Public Bid in Panama | Personal and Commercial Checkbooks (Banco Nacional de Panama)
PERSONAL AND COMMERCIAL CHECKBOOKS PRINTING SERVICES FOR CLIENTS OF THE NATIONAL BANK OF PANAMA (BANCO NACIONAL DE PANAMA), FOR BRANCHES LOCATED IN THE METROPOLITAN AREA, CENTRAL AREA AND WESTERN AREA, FOR A PERIOD OF THIRTY SIX (36) MONTHS. Contracting Entity: NATIONAL BANK OF PANAMA (Banco Nacional de Panama) Price of Reference: B/. 1.169.079 Proposal Submission […]
Public Bid in Panama | Sewage System
OPERATION, MAINTENANCE AND INFRASTRUCTURE IMPROVEMENTS OF THE SEWAGE SYSTEM, COLLECTORS AND INTERCEPTORS, SANITARY PUMPING SYSTEM AND WASTEWATER TREATMENT SYSTEM IN PANAMA AND SAN MIGUELITO. Contracting Entity: Ministry of the Presidency Price of Reference: B/. 158,740,750.00 Proposal Submission Date: October 29, 2020 For further information, please contact Cristina Thayer at cethayer@gala.com.pa.
GALA advised on the sale of phase one of the Penonome wind farm project located in Panama
Galindo, Arias y Lopez advised Goldwind International Holdings (HK) Limited and Goldwind International Penonome, S.a.r.l. in the sale to AES Panama, S.R.L. of their equity interests in UEP Penonomé I, S. R.L., the entity that in 2013 developed and currently operates the first wind farm in Panama with a power of 55MW. The wind project […]
Permit for the care of chronically ill children
Law No. 147 of April 15, 2020, which grants an exclusive license for the care of children or adolescents with leukemia, cancer, or degenerative disease in a severe or terminal state, was published on April 15, 2020, in the Official Gazette of the Republic of Panama. This Law No. 147 states that any parent working […]
The National Immigration Service extends deadlines in view of the COVID-19
In order to continue mitigating the risk of possible COVID-19 infections and in response to the instructions given by the Ministry of Health, the National Immigration Service has issued Resolution No. 7,051 of April 29, 2020, decreeing, among other things, the following: 1. To extend until May 15, 2020, the validity of residence permits […]
Measures Taken by the Panamanian Supreme Court as a Result of COVID-19
[vc_row][vc_column][vc_column_text] Pursuant to the formal declaration of the Covid-19 pandemic and its impact on the Republic of Panama, via Orders No. 146 of March 13, 2020 and No. 147 of March 16, 2020, the Panamanian Supreme Court adopted preventive measures, including the countrywide suspension -for a two-weeks period which may be extended-, of the judicial […]
Procedural Measures Taken by the National Authority of Public Services (ASEP) as a Result of COVID-19
Via Cabinet Resolution No. 11 of March 13, 2020, the Cabinet Council declared a State of National Emergency as a result of the effects caused by the Coronavirus disease. Similarly, Executive Decree No. 472 of March 13, 2020 and Executive Decree No. 489 of March 16, 2020, ordered extreme sanitary measures following the Declaration of […]
