Final Beneficiary Registry
Recently, Panama’s legislative branch enacted Law 129 of March 17th, 2020 (the “Law 129”), which creates a “Private and Centralized Registry System for Final Beneficiaries of Legal Entities” (hereinafter the “Final Beneficiary Registry”). Pursuant to Law 129, the resident agents of the Panamanian legal entities must subscribe to the Final Beneficiary Registry and provide […]
COVID19: GALA’s Business Continuity
In compliance with the recommendations issued by the Government of the Republic of Panama in response to the COVID-19 virus, Galindo, Arias and Lopez has adopted various internal measures including Telecommuting (working from home) by all of our attorneys and staff. As your business partners, please rest assured that we will continue to support your […]
Panama regulates teleworking
Law No. 126 of February 18, 2020, which establishes and regulates teleworking (also referred to as telecommuting) in the Republic of Panama, was published on February 19, 2020, in the Official Gazette of the Republic of Panama; with effect the day after its publication. Law No. 126 establishes that the teleworking will be a voluntary, […]
GALA advised Cable Onda on a US$600 Million Global Notes Offering
Galindo, Arias & López acted as Panamanian counsel to Cable Onda S.A., a Panamanian corporation which is the leading provider of residential Pay-TV, fixed broadband Internet and fixed telephony in Panama, in connection with the global offering of unsecured notes in the amount of US$600,000,000.00, which proceeds will be used, inter alia, to repay certain […]
BVI – Rules on the Economic Substance Law
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 Economic Substance Code (“Draft Code”) that was released on April 2019. The Rules will take […]
GALA advised Millicom in the acquisition of Telefónica Móviles Panamá
Galindo, Arias & López advised Millicom, throughits subsidiary Cable Onda, S.A., in the acquisition of 100% of the shares of Telefónica Móviles Panamá, S.A., as well as in the regulatory authorizations filed before the Panamanian Public Services Authority (ASEP), as well as the Panamanian Antitrust Authority (ACODECO). With this acquisition, Millicom reinforces its position as […]
GALA leading firm in Latin America
Full results in the following link: http://www.legal500.com/firms
International Recognition – Chambers & Partners Latin America 2020
Please click here to see full results: https://chambers.com/law-firm/galindo-arias-lopez
New Immigration Reforms
Executive Decree No. 249 of June 10, 2019 establishes the procedure and requirements for opting for Permanent Residency, applicable to foreigners who have obtained the renewal of their Provisional Permits of Extraordinary Migratory Regularization for 10 years (Melting Pot) or their Provisional Residence Permits for 6 years (Humanitarian Reasons). For this purpose, once the terms […]
GALA joins gender parity initiative
We are proud to be one of the first companies in Panama to join the Gender Parity Initiative, a public-private partnership that seeks to close gender economic gaps. At Galindo, Arias & López we are committed to adopt inclusive business practices to meet the three main objectives of this initiative which in turn contributes to […]
