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 […]

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 […]

GALA strengthens its professional team

At Galindo, Arias & López, we are proud to strengthen our team of lawyers with the addition Mariam Dadabhai Bhiku as an Associate in the areas of Commercial, Regulatory, and Project and Asset Financing. Mariam Dadabhai holds a bachelor’s degree in Law and Political Science from the Catholic University Santa María la Antigua (Magna Cum […]

Mergers and Acquisitions

Galindo, Arias & López advised the Drake Group on the acquisition of the franchise representation of Papa John´s in the Republic of Panama, including the sale of assets and assumption of debt of Mejores Ingredientes, S.A. Drake Group is an investment fund authorized to administer and operate the commercial establishments of Papa John’s in Chile, […]

Who’s protecting my data?

Recently, Beatriz Cabal, lawyer expert in matters of Personal Data Protection, participated as a panelist in the event “Who’s Protecting my Data?” organized by the Panamanian Institute of New Technologies Law (IPANDETEC). At this event the new Law No. 81 of March 26, 2019 was analyzed in which IPANDETEC members had the opportunity to share […]

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