News

PN: New Transmission Line in Panama

May, 2019

New opportunity for the new Transmission Line in PanamaThe disqualification of the two proponents due to failure in complying with the minimum mandatory requirements, added to the lack of proposals from the other three prequalified companies, has opened to new investors, the opportunity to participa...

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PN: New due diligence rules for banks and fiduciary companies are established

May, 2019

By means of Agreement No. 0002-2019, the Banking Superintendence of Panama modified Agreement No. 10-2015 on the prevention of improper use of banking and fiduciary services. The new Agreement includes certain additional requisites which banks and fiduciary companies must take into account when dete...

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PN: Bidding for the purchase of energy and power

May, 2019

By means of the Resolution N° 4257 of April 8th, 2019, the National Secretary of Energy made strong recommendations to the National Electricity Transmission Company (ETESA), regarding the preparation and submission of the Bidding Papers for a short-term purchase of energy and power. This decision co...

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ES: An action challenging the constitutionality of the Law for the Special Contribution by Large Taxpayers for the Citizen Safety Plan (Law) is admitted

May, 2019

The Constitutional Chamber of the Supreme Court of Justice, through resolution issued on January 11th, 2019 in the unconstitutionality process identified with reference 156-2015, admitted an action challenging the constitutionality of the following provisions: (i) Article 5 of the Law based on the a...

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