Franchises: To Regulate or Not to Regulate

With the franchise model growing on the isthmus, how important is to have a clear regional legal framework?

Thursday, March 12, 2009

There are entrepreneurs calling for the creation of laws to regulate and protect activities in this business model and for them to be uniform at a regional level. Government representatives affirm that a law is not necessary and that everything is in the signed contract. What is the golden middle?

In an article in elsalvador.com, Morena Azucena reflected the views that employers, business representatives and government officials have on the subject.



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Panama with New LLC Regulation

March 2009

Limited Liability Companies have a new, more flexible legal framework that is in line with international patterns.

Rubén Bustamante, a specialist in tax law, explained the new regulations to La Prensa of Panama, highlighting the differences with the previous version: "These companies can now use a different name than that of the partners, engage in civil and commercial activities, be formed by more than 20 partners and a minimum of two, and they may have both individuals and legal entities as members. The amount of social capital which was previously limited to $500 thousand has no limits now."

Possession Rights and Property Titles in Panama's Coastline

October 2009

Owners holding possession rights for coastal lands and islands in Panama would be forced to get titles for them.

Panama's National Assembly recently passed a first version of Law 71, which would force titling all coastal and island properties acquired through possession rights.

Fusades Presents Legal Situation Report

August 2012

The Salvadoran Foundation for Economic and Social Development, Fusades, has released a report entitled "Legal and Institutional Situation" for the first half

A press release of the Salvadoran Foundation for Economic and Social Development (Fusades) reads:

The Department of Legal Studies, DEL, released on Aug.

Naval Mortgages Have New Rules in Panama

March 2009

There is a new procedure for executing liens on mortgaged vessels.

In an article in Prensa.com, Eduardo de Alba, a specialist in maritime law, explained that "for a creditor to be able to claim the lien right, there must be prima facie (in the first instance) evidence of: a) the registration of the vessel with the annotation of the naval mortgage and lien being applied and, b) the amount secured along with a summary of it, together with the claim."

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