CNA files unconstitutionality lawsuit against law regulating horizontal property regime

A lawsuit of unconstitutionality against some articles of the recently sanctioned Law 284 of February 14, 2022, which regulates the horizontal property regime, was filed this Monday before the Supreme Court of Justice (CSJ), by the National Bar Association (CNA), through its president Juan Carlos Araúz. The presentation of this legal resource, according to Araúz, is given after the CNA received different concerns about professionals who practice on their own account.
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Panama is just analyzing whether to eliminate the mandatory use of face masks in open areas

While other countries around the world have already eliminated the use of masks in both open and closed spaces, in Panama the authorities are just analyzing whether or not to make the use of face masks in open areas compulsory. The information was confirmed by the Minister of Health, Eyra Ruiz, who indicated that the proposal to eliminate the mandatory use of masks in open spaces in Panama is under analysis.
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CNA files unconstitutionality lawsuit against law regulating horizontal property regime

A lawsuit of unconstitutionality against some articles of the recently sanctioned Law 284 of February 14, 2022, which regulates the horizontal property regime, was filed this Monday before the Supreme Court of Justice (CSJ), by the National Bar Association (CNA), through its president Juan Carlos Araúz. The presentation of this legal resource, according to Araúz, is given after the CNA received different concerns about professionals who practice on their own account and who remain under the protection of the liberal professions and who have detected a series of regulations that restrict the rights of professionals who are owners of real estate units.
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Internationalization, a pillar of the Exchange’s strategy for 2022

One of the main bets of the Latin American Stock Exchange (Latinex) is to turn Panama into an international capital hub. The Exchange wants to position itself as an alternative for issues that are aimed at international investors through the U.S. market, but which are also sometimes listed in other jurisdictions, such as Luxembourg or Singapore.
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Measures to improve the country’s competitiveness

The Panama Canal Authority (ACP) has invested $102.8 million during the last five years in the widening of the Pacific entrance and deepening, as part of the measures to accelerate ship transits through the waterway and to the ports of Balboa and PSA. This is part of the response of the ACP Administrator, Ricaurte Vásquez to the note sent by the Panama Maritime Chamber (CMP) in which the union proposed that they sit down to analyze the restrictions in the Pacific to implement measures.
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Measures to improve the country’s competitiveness

The Panama Canal Authority (ACP) has invested $102.8 million during the last five years in the widening of the Pacific entrance and deepening, as part of the measures to accelerate ship transits through the waterway and to the ports of Balboa and PSA. This is part of the response of the ACP Administrator, Ricaurte Vásquez to the note sent by the Panama Maritime Chamber (CMP) in which the union proposed that they sit down to analyze the restrictions in the Pacific to implement measures.
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Supreme Court declares unconstitutional budget allocated to the Judicial Branch

The Plenary of the Supreme Court of Justice (CSJ) declared unconstitutional articles 7 and 8 of the General Budget of the State, specifically regarding the Judicial Branch and the Public Prosecutor's Office (Attorney General's Office and Public Prosecutor's Office). Likewise, the Plenary declared unconstitutional Articles 28, 29, 30 and 31 of Law 176 of November 13, 2021, which approved the General State Budget for the fiscal year 2021.
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Exporters look to value added as the next step to follow

Diversification and added value are the next level that Panamanian exports must reach, according to Víctor Pérez III, who yesterday took over the reins of the Panamanian Exporters Association (APEX), replacing Roberto Tribaldos, who had been at the helm of the guild since 2020. Last year, Panama's total exports, excluding shipments from free trade zones, reached US$3.558 billion, surpassing the US$3 billion mark for the first time in history.
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The Assembly approved the bill that transfers the mandatory day of rest for Shrove Tuesday

The Commission of Labor, Health and Social Development of the National Assembly, presided by Deputy Daniel Ramos, approved Bill 210, which transfers the mandatory day of rest for Shrove Tuesday 2022, to the previous Monday. The initiative has the purpose of supporting the economy of our country and would only be valid for this year 2022, in which carnivals have been suspended, informed in its Twitter account the National Assembly.
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