The litigant must bear the costs of the judicial process when they posses a monthly income over $500 or own property registered in the Public Registry.
An article by Alvaro Santana in Martesfinanciero.com reports that "In Panama, the administration of justice is free and there are no fees or taxes" with attorney's fees, making up about 80% of the costs of litigation.
The decision means that ENEL will be able to capitalize the geothermal GEO and become the majority shareholder in the business it maintains with the Executive Hydroelectric Commission of the Lempa River (CEL).
According to an article in Elsalvador.com, ENEL had sued its partner for breach of contract in November 2008 because CEL had blocked a $100 million investment, which meant that ENEL went from having just over 36% the company's shares to almost 53%. "The contract, signed in 2002, provides that Enel has the right to capitalize on their investments, that is to say, investments in La Geo are transformed immediately into shares."
Congress approved an extension for farmers and agro-industrial debtors so they can solve their credit problems.
Debtors have until March 31st, 2011.
Laprensagrafica.com reports "This new decree gives legal validity to approved legal recourses so that merchant trials against companies who operate under Cooperatives or Farmer Associations, can be suspended."
Aguilar Castillo Love is a leading international law firm with offices in Central America and Ecuador.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama and Central America
Phone: (505) 2225 8748
More than a Law Firm. Lex Counsel & Co. is a business ally, an integral adviser and a support team for all our client’s needs. We established our firm to offer high quality services both at national and international level, under a renewed professional proposal, endorsed on standards that guarantee options abilities, personal and permanent contact and quality results on every transaction we intervene.
Operates in Panama
Phone: (507) 366 6400 - (507) 366 6401
The law firm Alvarenga & Mirón is created to respond to the necessities of the global legal market that requires legal advise, notarial and litigation services in general of the highest quality.
Operates in El Salvador
Phone: (503) 2223 6904 - (503) 2224 3846
A General Practice law firm which specializes in Business and Commercial Law as well as Foreign Investment in Costa Rica. Our firm originally established in 1940, currently operates offices in San José and Guanacaste
Operates in Costa Rica
Phone: (506) 2258 2525
Our Firm is committed to fullfill the needs of our clients and the Board of the Directors and personnel have as a common goal to provide our clients with an individualized and highly qualified service, but always maintaining a personal relationship in order to understand their businesses and to direct our legal services to the their singular needs.
Operates in Costa Rica and Panama
Phone: (506) 2520 1361 - (506) 2520 1364