Successful negotiation with the National Securities Superintendence

Arias, Fábrega & Fábrega successfully represented the interests of an international bank with local presence for a matter which involved a potential penalty of US$3 million, plus the suspension of the banking license for several months.

ARIFA was the first law firm in Panama that participated in new special negotiations proceedings with the National Securities Superintendence, enacted in 2011, which allows private parties to avoid administrative investigations.

ARIFA successfully settled the issue with the National Securities Superintendence and obtained a settlement which only involved a penalty for our client for US$20,000.