How Fixed and Floating Charges Over Shares Work in Panama?

They don’t. Panamanian law does not explicitly recognize the common law concepts of fixed and floating charges. Instead, share pledges are the standard form of security over shares. This guide outlines the main requirements and characteristics of a pledge over shares in a Panamanian company.

The recent changes to Panama's accounting records requirements represent a significant shift towards simplification, particularly for Foreign Legal Entities. A key development is that financial documentation no longer requires CPA certification, and can now be signed by board members, foundation council members, or even the ultimate beneficial owner. This change, introduced by Executive Decree 177/2024, streamlines compliance while maintaining Panama's commitment to international transparency standards

Understanding Corporations in Panama, and how can they suit your needs for crypto projects.

This article outlines the process of dissolving and liquidating a Panamanian company. It provides a step-by-step overview of the legal requirements and procedures involved, from initiating dissolution with the Public Registry to notifying various government entities. It focuses on the key stages of corporate wind-down, including shareholder approvals, public notices, asset liquidation, and final reporting obligations. 

Learn about the trademark registration process in Panama, which takes around 8-10 months and includes a substantive examination, a publication period for oppositions, and final certificate issuance. Trademark protection starts from the application date and lasts for 10 years, with the option for indefinite renewals.

Panamanian Corporate Law balances limited liability with accountability for Shareholders and Directors. Shareholders are generally protected by the Corporate Veil, which can be pierced in cases of fraud or abuse, and, Directors, while not personally liable for corporate debts, may face joint and several liability for mismanagement or violations of laws and corporate governance.

An overview of the state of crypto in Panama in 2024, analyzing Panamanian legislation to provide certainty for projects considering Panama as a potential jurisdiction for their operations.

This guide outlines the fiduciary duties, selection criteria, and roles of professional directors in Panama.

FAQs on the obligations of Panamanian Foundations and Corporations.

This article highlights the fundamental requirements to consider when establishing a Corporation through Pacífica Legal's services.

Establishing a Private Interest Foundation in Panama is a meticulous process governed by specific legal parameters. Here's an overview.