ARIFA's lawyers comment on the recently approved Law 32, of April 5, 2011 on free trade zones in Panama
On April 5, 2011, the National Assembly approved Law 32, which establishes a special, integrated and simplified regime for the establishment and operation of free trade zones in Panama. Law 32 supersedes Law 25 of November 25, 1992, which covers 89 companies established in the 14 export processing zones.
ARIFA's lawyers have prepared the attached executive summary to help clients and friends understand the main provisions of the new Law.
ARIFA's commercial transactions and contracts lawyers are ready to guide clients in all aspects of general commercial laws and in the negotiation and drafting of all types of commercial and civil law contracts. Should you have any questions, do not hesitate to contact any member of our commercial transactions and contracts practice group.
