LIBOR Transition: is your company prepared?
The United Kingdom’s Financial Conduct Authority (FCA) announced that the 1-month, 3-month and 6-month dollar LIBOR rate will cease to be published after June 30th, 2023. As a result of this announcement, both creditors and debtors and financial authorities have rushed to stop using these rates in financial transactions and to replace the LIBOR rate…
Read MorePANAMÁ REAFIRMA LAZOS DE COOPERACIÓN CON ESPAÑA
Panama Panama reaffirms bilateral cooperation with Spain. With the Strategic Government Plan from the Republic of Panama, the govern focuses on strengthening the cooperation bonds it had with Spain in topics such as Governability, Security, Education and Capacity Development. Source: www.anpanama.com In Panama the State buys public transport company for US$49 million. The govern has announced…
Read MoreLEY 22 DE 27 DE ABRIL DE 2015: QUE MODIFICA UN ARTÍCULO DEL CÓDIGO DE COMERCIO
Law 22 was enacted as a Law of the Republic of Panama on April 27, 2015, and took effect on the day following its promulgation. In 2012 the International Monetary Fund (IMF) made an assessment of Panama’s situation, and stated that the country had to improve its regulations regarding transparency and money laundering. As a…
Read MoreEN PANAMÁ ENTRA EN VIGOR LEY 47 DE 2013 POR LA CUAL SE CREA UN RÉGIMEN DE CUSTODIA DE LAS ACCIONES AL PORTADOR
All our customers who wish to retain their bearer shares must be informed of changes in the law of immobilization of bearer shares. The Government of the Republic of Panama has anticipated the entry into force of Law No. 47 of 2013, which created a system of custody of bearer shares, reducing the term to…
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