In 2013, Virginia Ginni Rometty – CEO of IBM, said “I would like you to think of big data as the next natural resource that can be to our era what steam, electricity and oil were for the Industrial Age.”

On May 19, 2016, the concept of a “Bankruptcy,” as the legal term was defined, ceased to exist under Panamanian law. Law 12 of 2016 (the “Insolvency Law”) entered into force on that date and introduced new proceedings into our legal system. These proceedings are referred to as Reorganization and Liquidation.

The Panamanian government has issued Law 99 of October 11, 2019, which establishes a General Tax Amnesty Law (“Amnesty”) that includes the elimination, for a limited period, of the penalties and surcharges caused by non-payment of the obligations with the National Treasury for corporations and private interest foundations. This law also includes amnesty for various types of interests and penalties resulting from non-payment of other taxes (for...

Panama’s Labor Code, in effect since April 1972, with some changes in the last years, regulates the relationship between capital and labor, based on the principles of social justice established in the Political Constitution of the Republic and it creates a special State protection as a benefit of the employees.

In order to comply with the international guidelines regarding corporate transparency, the government of Panama enacted Law 52 of October 27, 2016 in the Official Gazette, which establishes the obligation for Panamanian companies and other entities to maintain accounting records, financial records and supporting documentation of all transactions that took place during the last five (5) years, so that their financial status can be easily...

The doctrine of challenge of arbitrators provides the mechanism through which an arbitrator can be recused or disqualified if he/she does not satisfy the necessary requirements, such as impartiality and independence, to orderly perform the arbitral mandate. In this regard, challenging an arbitrator provides the parties with the requisite safeguards in order to ensure that the arbitral award is fair and just and is kept at bay from procedural...

Copyright refers to a form of protection granted to authors over their original works; specifically, artistic and literary works, whatever the manner or mode of expression, purpose or significance of such works.

The remarkable growth of the Bahraini economy has resulted in the creation of a significant market and an increased demand for worldwide recognised brands to be imported into the country.

Sovereign Trust (Cyprus) is featured in 2019 Cyprus Country Report, which is produced in co-operation with the Ministry of Energy, Commerce and Industry and is widely regarded by Cypriot and international executives as the most influential and trusted resource on doing business in or with Cyprus.

The ongoing investigation into the crash in the English Channel that killed footballer Emiliano Sala and pilot David Ibbotson in January this year has focused minds of industry lobby groups, owners and operators into the penalties and risks involved in illegal or ‘grey’ charters. The case for stronger deterrents, education and improved enforcement of regulations was made very strongly at the recent Air Charter Expo conference held at Biggin Hill...