Panama: Comparison Law in Hold

As the government negotiates with port operators, the Assembly decided to put this law, dubbed "equiparación" in Spanish, on hold.

Friday, August 28, 2009

José Blandón, from the Treasury Commission, stated that "...this negotiations could imply making modifications to the original project".

"Port operators have rejected the project, presented by the Executive, from the beginning. Carlos Urriola, manager of MIT, said ... that the law reduces the competitiveness of Panamanian ports. Before the concessions were granted, only 100.000 containers disembarked at the ports. Today, this figure is above 4 million."

More on this topic

Panama: Businessmen Against Comparison Law

October 2009

The Industries, Commerce and Agriculture Chamber issued a statement requesting a veto of the initiative, known as "Equiparación" in Spanish.

This law project eliminates comparison in State purchases, and has already been approved in its third discussion in the National Assembly.

Panamanian Ports Reject Comparison Law

July 2009

The ports argue that the new law, dubbed "equiparación" in Spanish, will make the port system less competitive.

According to spokespersons from the ports of Balboa, Manzanillo International Terminal, Colón Container Terminal and Cristóbal, further dialogue is needed for a solution that benefits both sides.

Panama Will Recover Illegal Concessions

July 2009

The government of Panama informed that they will carry on retaking concessions not authorized by law.

After recovering the land reclamation project of Grupo F. last Tuesday, the Panamanian Government communicated that they will continue with these actions against companies not fulfilling their obligations to the State.

Concession Adjustments Nullified in Panama

July 2009

The bill nullifies the validity of the modification arrangements or equivalents for the concession contracts authorized by the state over the last decade.

Martinelli’s administration will present its first bill to the National Assembly of Panama, which, in addition to nullifying adjustments to the concession contracts, includes “that companies cannot fall more than three months behind on their royalty payments.

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