ARIFA's real estate lawyers comment on the recently enacted reforms to some of Panama's possessory rights laws
Law 80 of the 31st of December, 2009, gives to the Real Estate and Private Property Directorate of the Ministry of Finance and Treasury the power to recognize possessory rights and to register parcels on patrimonial goods of the Nation, national wastelands that are the responsibility of the MFT, coastal zones and insular territory, applying the proceeding of massive land registration established in Law 24 of 2006.
ARIFA's real estate lawyers have prepared the attached executive summary to help clients and friends understand these reforms.
ARIFA's real estate practice covers the entire spectrum of real estate activities. Should you have any questions, do not hesitate to contact any member of our Real Estate and Property Practice Group.
