Welcome to the Panama Legal Report / January 2016

Dr. Pardini, managing partner of P&A, was recognized by the Inter-American Council for Trade and Production (CICYP)

For his work during the years in which he served as President & CEO of that Council…

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Lufthansa closed a tourism agreement with Panama

The agreement. for three years, states that aims to increase the volume of air traffic between Europe and Panama…

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Tourist spending hits $3.7 billion in 9 months

5.6% increase is compared to the amount spent during the same period last year…

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Panama and Germany Sign Tax Agreement on Ships

The agreement avoid double taxation with respect to taxes on income, and with respect to international commercial use of ships and aircraft…

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Panama: Record Figures for Stock Market

In the Panama Stock Exchange expectations are that the year will close with $7.000 billion in volume traded in the local market…

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Panama: Bank Credit Up 10%

Credit granted by banks to the construction sector recorded its second highest rate of growth, with 16%, preceded only by credit for industrial activities…

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Precautionary Measures in Panama for a Foreign Arbitration Process. 

According to Panama arbitration law, the rules established on itself will only apply to arbitrations handled at Panama arbitration courts….

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This newsletter is published by Pardini & Associates.  Although an attempt is made to insure that all items appearing are accurate, published materials are not to be construed as legal opinions of Pardini & Associates or the individual contributor.  Specific legal advice is strongly recommended.