As a preventive measure of COVID-19, through Executive Decree No. 500 of March 19, 2020, the closing of commercial establishments and natural or legal person companies was ordered for 30 days from 11:59 p.m. March 20, 2020 in Panama, except those dedicated to the following activities:
1. The entire chain of production, distribution, marketing and sale of food, medicines and hygiene products, safety equipment, construction materials, veterinary and agricultural supplies, companies for the maintenance, operation and distribution of medical equipment, packaging manufacturers and supplies from all the sectors listed above, printers and laundries.
2. Everything related to maritime, land and air transportation, logistics and the Panama Canal.
3. Everything related to private security.
4. Lawyers to defend people detained during the curfew period.
5. Restaurants only for home delivery or take away orders.
6. Everything related to banking, finance, cooperatives, insurance and other financial services.
7. Companies that provide public services: communications and transportation; call centers; gas stations and their supply chains; light and electric energy and its transmission; energy distribution and operation; cleaning; provisioning and distribution of water to the population; toilets; hospitals; private clinics; veterinary clinics; funeral homes; cremation rooms; cemeteries.
8. Construction industry including manufacturing, distribution and dispatch of concrete, cement and its derivatives, quarries.
9. Agricultural industry including agricultural work and the agricultural industry and its food and beverage distribution centers.
10. Medical-hospital equipment, medications, vaccines, and any other public health items and supplies, including their manufacture, distribution, and maintenance.
The closure of the perimeter of the facilities of the mining company Panama Copper was also ordered.
And it was established that the violation of this executive decree will be sanctioned with fines of up to the sum of US $ 100,000.00, without prejudice to other corresponding criminal and/or civil penalties.
When hiring a new employee, it is essential for every employer to consider that our labor law stipulates that if the employer terminates the contract before the scheduled start date of the employment relationship, they must compensate the worker for the damages caused, which cannot be less than one month’s salary, except in contracts agreed […]
Private interest foundations offer a range of advantages that complement corporations and trusts as estate planning instruments. Limitations of Corporations and Trusts in Estate Planning Using a holding corporation as an estate planning vehicle generally requires one of two options for transferring wealth to future generations: (i) drafting a will to pass on corporate shares […]
During the design phase of a real estate project, attention is often focused on architectural aspects. However, while architects play a key role in the project’s success, there are other equally important factors that must be considered from the beginning. Beyond the architectural design, it is essential to integrate a legal team specialized in horizontal […]
The principle of reverse solicitation allows financial services companies to offer their services to clients in foreign jurisdictions without requiring a local license or presence, as long as the client initiates the contact. This is especially relevant for cross-border financial transactions conducted via online platforms, where regulations vary between countries. In Panama, the legal framework […]
