PATTON MORENO & ASVAT
 
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Business Letters
Getting the Deal Through – Loans & Secured Financing 2016 with contributions from Ms. Ivette Martinez. Reproduced with permission from Law Business Research Ltd. This article was first published in Getting the Deal Through: Loans & Secured Financing 2016, (published in August 2015; contributing editor: George E Zobitz, Cravath, Swaine & Moore LLP) For further information please visit Click Here
Tax Regulations in Panama: The Place to invest in the Americas by Elias Solis Gonzalez. This article appeared in the Lawyer Issue Magazine 2015 Click Here
The International Comparative Legal Guide to Shipping Law 2015 with contributions from Ms. Khatiya Asvat and Ms. Nadya Price

"This article appeared in the 2015 edition of The International Comparative Legal Guide to: Shipping Law; published by Global Legal Group Ltd
(http://www.glgroup.co.uk/), London.” (please hyperlink www.iclg.co.uk)
Getting the Deal Through - Aviation Finance and Leasing 2015 with contributions from Ms. María de Lourdes Marengo.

Reproduced with permission from Law Business Research Ltd. This article was first published in Getting the Deal Through: Aviation Finance & Leasing 2015, (published in June 2015; contributing editor: Mark Bisset, Clyde & Co LLP). For further information please visit
www.gettingthedealthrough.com
Adding new talents

Ensuring our firm’s commitment for continued growth, we are pleased to announce the addition of new associates and assistant attorneys to strengthen our legal team to guarantee our customers an efficient and timely service.

We welcome Demetrio Rodriguez, Harry Aswani, Jorge Ventre and Michele Hibbert, who with their talent, experience and dedication will join the legal teams in the Practice Areas of Administrative Law, Commercial Law, Immigration and Labor Law, Real Estate and Corporate Law, among others.
This article appeared in the 2014 edition of The International Comparative Legal Guide to: Shipping Law; published by Global Legal Group Ltd, London (http://www.glgroup.co.uk/)
Reproduced with permission from Law Business Research Ltd. This article was first published in Getting the Deal Through – Aviation Finance & Leasing 2014, (published in June 2014; contributing editor: Mark Bisset, Clyde & Co LLP) For further information please visit www.GettingTheDealThrough.com
This article appeared in the 2014 edition of The International Comparative Legal Guide.
New Law To Regulate Spin-Offs As Corporate Reorganization Scheme.
Securities Update: Regulation Of Forex Activities In Panama
Securities Update: Recognized Jurisdictions
Solar Energy Article
AMP Newsletter
This article was first published in Getting the Deal Through – Restructuring & Insolvency 2013, (published in November 2012; contributing editor: Bruce Leonard of Cassels Brock & Blackwell LLP). Reproduced with permission from Law Business Research Ltd. For further information please visit www.GettingTheDealThrough.com
A Practical Insight to Cross-Border Securitisation in 41 Jurisdictions
Tax update: Law 31 of 2011
Panama Chapter RI 2011
PMA Tax Update - Ley 49 - 2009
Offshore Banking Regulations in Panama
Hedge Fund Admin. Roundtable
Article published in Global Property Guide
Panama’s New Limited Liability Corporation Law
Article was first published in Getting the Deal Through – Restructuring & Insolvency 2009
Newsletter Immigration Law
"This article appeared in the 3rd edition of The International Comparative Legal Guide to: Securitisation ; published by Global Legal Group Ltd, London www.iclg.co.uk"

Maritime Law and Services

THE FLAG OF CHOICE

Some of the reasons why ship-owners choose the Panamanian flag are:

  • The absence of nationality restrictions concerning the ownership of a vessel registered under the Panamanian flag. In effect, the owner of a vessel may be an individual or corporation, either Panamanian or foreign, residing or doing business in Panama or elsewhere. There are no minimum tonnage requirements in respect of a vessel (Application of MARPOL).

  • A reasonable registry fee for vessels. A law enacted on 26th October 1988 significantly reduced registration fees. In addition, this legislation eliminated the size and tonnage restrictions which previously applied to pleasure vessels or yachts and there is now a sole registration fee of US$1500 for pleasure vessels or yachts, and US$1000 if such vessels are owned by a Panamanian individuals or corporations.

  • A favorable set of rules and legislations that offer several benefits to international services ships, such as:
    • The possibility of registering a vessel which is under construction provided at least one-third of the total amount budgeted for the hull has already been invested.
    • The possibility of obtaining a special type of registration for vessels which require a provisional registration for particular reasons such as scrapping, delivery voyages or other reasons of a temporary nature. This special registration is effective for a three month period and is available at a reduced rate.
    • The possibility of dual registration of a vessel, under certain circumstances, whereby a vessel registered under the Panamanian flag will be allowed to fly another flag as a special registry due to charter party arrangements and vice versa.

  • The income derived from vessels engaged in international trade is not taxed in the Republic of Panama.

  • We maintain inspectors in the main ports of the world in charge of examining the seaworthiness of Panamanian vessels.

Initial Contact


MAIN OFFICES
Paseo Roberto Motta
Capital Plaza, Floor 8
Costa del Este, Panama
P.O. Box 0819-05911
Panama, Republic of Panama

Phone number:
(507) 306-9600
Fax numbers:
(507) 263-7887

E-mail:
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