en | hu | ru | bg | ro | tr FacebookTwitterGoogle+LinkedInYouTubeInstagram
+ 357-24-636-919
+ 44-20-7556-0900
NEWS

5 Minutes Offshore
Why LAVECO?
How to order a company from LAVECO Ltd
Sign up for a free consultation
Request a return call
Request a brochure
Downloadable brochures
Subscribe to our newsletter
Newsletters
Latest news
Currency exchange rates: USD/1 unit
2017.04.29
HUF 0.0035
GBP 1.2889
CHF 1.0056
RUB 0.0175
HKD 0.1285
JPY 0.009
CNY 0.145
CAD 0.736
AUD 0.7465
BRL 0.3164
EUR 1.0881

NEWS

Panama Approves Immobilization of Bearer Shares


02/08/2013

From a press release issued by the National Assembly of Panama:

Draft Law No. 568, which regulates shares by allowing their immobilization was approved by the plenary of the National Assembly on its third reading.

The standard, presented by the Minister of Economy and Finance (MEF), Frank De Lima, adopts a custody regime applicable to bearer shares and puts Panama one step closer to immobilizing them.

The idea is to immobilize bearer shares, which is a requirement of the Organization for Economic Cooperation and Development (OECD), in order for the country not to be included in its list of those who are non cooperative in regards to fiscal transparency.

The project seeks to establish in its articles a transition period of three years for bearer share certificates which have been issued prior to the effective date of this Act.

www.centralamericadata.com

Related jurisdictions:
Panama
Top