Legal Certainty in Panama Weakens

The private sector has identified several government actions that are undermining the foundations and underpinnings of the Panamanian economic model which is based primarily on local and foreign private investment.

Tuesday, May 12, 2015

From a statement issued by the National Council of Private Enterprise (Conep):

CONEP calls for compliance with legal certainty

Panama City, May 12, 2015. The National Council of Private Enterprise (Conep) and its members, through a press conference, made ​​a call to the government authorities, and spoke on various events of national interest that are crippling legal certainty, as a result of various government actions that affect the foundations and underpinnings of the country's economic model, which is based primarily on private investment, both domestic and foreign.

Conep's concern stems from the uncertainty of the business sector in the face of changes that have been made to established rules, where private investment has been affected, and against which no precedent has so far been set. Added to this is concern over the lack of dynamism of the economy, which has been felt to date.

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