Debate Resumes on Immobilization of SharesPanama's government is to reactivate the discussion on a bill to immobilize bearer shares, with extensive consultation with the sectors involved.Friday, July 5, 2013
The bill has the support of most international bankers and lawyers. However in the view of attorney Adolfo Linares, the law assumes submitting to the demands of the Organization for Economic Cooperation and Development (OECD), an organization which is trying to limit the jurisdiction of Panama's financial center in order to promote the interests of its member countries. Source: Prensa.com ¿Busca soluciones de inteligencia comercial para su empresa?Panama Approves Immobilization of Bearer SharesJuly 2013 Panamanian Congress has finally approved the law which imposes a safekeeping regime on bearer shares. Immobilization of Bearer Shares to Resume in JulyMay 2013 Panamanian Congress will resume discussion of the bill that immobilizes bearer shares. Advances in Project for Custody of Bearer SharesJanuary 2013 Under pressure from the OECD, the government of Panama is preparing a bill to immobilize bearer shares. The Business of Shares CustodyOctober 2012 The immobilization of bearer shares planned by the government of Panama in order to meet OECD requirements, has opened up business opportunities for banks.
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