profile in English

CORPORATE PROFILE
presented to
Michelle Arias Tapia
GRUPO VERDEAZUL
Aquilino de la Guardia St., No. 8
IGRA Building, 5th Floor
Panama City, Republic of Panama
Tel: +507 205 – 6000 | Fax: +507 269-4891
www.icazalaw.com
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Contents
I.
PROFESSIONAL BACKGROUND .................................................................................................... 4
II.
QUALITY STANDARDS ...................................................................................................................... 4
III.
AWARDS & RECOGNITIONS ..................................................................................................... 5
IV. EXPERIENCE AND RELEVANT TRANSACTIONS ................................................................................. 5
V. WORK TEAM ................................................................................................................................... 11
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GABRIEL GONZALEZ - RUIZ ....................................................................................................... 12
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ANA GRACIELA MEDINA.......................................................................................................... 17
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HUGO MORAN .......................................................................................................................... 19
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JORDANA FASANO ................................................................................................................... 21
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JAVIER VALLARINO ................................................................................................................... 22
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ESTEFANIA ALEMAN .................................................................................................................. 23
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AYLEEN QUINTERO .................................................................................................................... 24
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LILIANA MUÑOZ ......................................................................................................................... 25
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LEROY SHEFFER........................................................................................................................... 26
VI.
PRACTICE AREAS ...................................................................................................................... 28
VII. SERVICES PROPOSAL ...................................................................................................................... 28
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CORPORATE LAW ..................................................................................................................... 28
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FREE ZONES / DUTY FREE ZONES / SPECIAL ECONOMIC ZONES ............................................... 29
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LABOR AND IMMIGRATION PROCEDURES ............................................................................ 30
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OTHER LEGAL SERVICES............................................................................................................ 33
VIII.
DUE DILIGENCE PROCEDURES ................................................................................................ 35
IX. CONTACT ....................................................................................................................................... 36
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I.
PROFESSIONAL BACKGROUND
ICAZA, GONZALEZ-RUIZ & ALEMAN founded in the year 1920 under the name LOMBARDI E
ICAZA, grows with the international financial services center of Panama. Its founders are
pioneers among those who contributed to the creation of the legal structure in our country,
which has been developing in order to become the international financial center it is today.
Currently, ICAZA, GONZALEZ-RUIZ & ALEMAN has a qualified group of lawyers, who day to day
expand, enrich and renew the capacity of the firm, with studies and up to date specializations
required in Panama and abroad, which have converted it into an organization with ample
capacity to attend every aspect of legal counseling demanded of cities with important
financial and commercial activities.
The experience acquired through the years, supported by its personnel of more than 250
employees, the majority of which are bilingual and the modern computerized systems of the
firm allows it to render a most efficient service to its domestic and international clients.
The international demand for services has required of our firm to establish affiliated offices in
other international financial service centers, such as Anguilla, Bahamas, Belize, Cyprus, British
Virgin Islands (BVI), Geneva, Lugano, Luxembourg, Seychelles, United Arab Emirates, Singapore
and Uruguay, which has enabled it to satisfy and attend all the particular necessities required
by its clients.
II.
QUALITY STANDARDS
Our policy is to keep close contact with the client, as well as to maintain good
communication through a lawyer, who shall be always available to answer any queries. In
addition to this, we have experience in handling critical situations which require the exposure
of the case before the competent authorities in the various public institutions of the country.
The staff of the firm has been chosen after a rigorous selection process in order to provide our
clients with the best service, product of clearly established processes and highly qualified
staff. All our staff is bilingual and receives regular training in order to keep a continuous
update on new laws and regulations.
The firm has computer systems which allow us to keep control upon all our procedures that
are started, as well as to monitor all the proceedings of our clients.
Our practice combines preventive planning, experience and specific procedures which allow
us to create a customized and efficient system to satisfy the needs of each client.
Each of these aspects contribute so that we may provide our clients high quality results, thus
maintaining strong and lasting relationships, always seeking to develop new and improved
quality procedures to provide the best service to our clients.
III.
AWARDS & RECOGNITIONS
Our interest is always to continue providing quality service and efficiency to our renowned
clientele, colleagues and correspondents around the world, according to the new market
structures which are being develop. Thus maintaining our position as leaders, as we have
been distinguished by the main international rankings, such as:
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Chambers & Partners Latin America
Chambers & Partners Global
IFLR1000
LEGAL 500
Latin Lawyer
Managing Intellectual Property
Acquisition International (Law Firm of the Year 2013
IV. EXPERIENCE AND MOST RELEVANT TRANSACTIONS
Following we have a list of the most representative consultancies rendered by the law firm
Icaza, González-Ruiz & Alemán in the Republic of Panama:
•
Legal advisors of the State in the structuring and implementation proceedings of the
reconversion of Howard Air Force Base and the creation of the “Panama-Pacifico Special
Economic Area Agency”, as well as the structuring and execution stage of the public
selection process of a Master Developer.
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Legal advisors in the drafting of the projects of the statutory rights of the Law No.41 of 2004,
which creates the Panama-Pacífico Special Economic Area, on matters of Real Estate
Development and Land and Use Planning, Taxation, Single Counter, Labor, Immigration,
Environment, Airport, Municipality, Registration of Companies and Incentives, among
others.
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Legal advisors of Aeropuerto Internacional de Tocumén, S.A. in the drafting of the
legislation required for the development of the Cargo Logistic Zone.
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Legal counseling to the Ministry of Economy and Finance in negotiation with the InterAmerican Development Bank (IDB) of a counter-guarantee with the Inter-American
Development Bank (IDB), up to the amount of US$350,000,000.00, with option to convert it
into a programmatic loan agreement with the Republic, within the Strengthening
Macrofinancial and Fiscal Management (PN-L1086).
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Legal advisors for the possible public sale of shares owned by the State in a
telecommunications company, consultancy which included (i) analysis of all the
corporate aspects (Charter of Incorporation, shareholders agreement, etc.) and the
required modifications, and (ii) analysis of the applicable laws and drafting of the legal
modifications required.
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Consultancy for Desarrollo Golf Coronado, S.A., in the structuring of the private tender
process for the sale by auction of special plots for developers located in Coronado Beach,
Panama, the recreational urbanization “Premier” of the Republic of Panama, whose
development was initiated in the year 1941. It comprised the auction of ten (10) plots of
land with an approximate total area of 193 hectares and a minimum total value of
approximately US$61,000,000.00. The consultancy comprised the structuring of the private
tender, as well as the preparation of the associate contracts. Asesoría a Desarrollo Golf
Coronado, S.A., en la estructuración del
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Legal consultants for Aeropuerto Internacional de Tocumen, S.A., in the preparation of bill
draft for the amendment of Law 23 o f 2003, which govern activities at airports and
aerodromes in the Republic of Panama, in order to introduce the framework required for
the structuring of local and international financial transactions, such as issuance of debt
instruments, constitution of issuers, management and guarantee trusts, assignment of
[cash] flows resulting from aeronautical and non-aeronautical commercial services
incomes in favor of local and international fiduciary entities and banks, among others.
Advisors of the Ministry of Economy and Finances of the Republic of Panama, specifically
to the Public Credit Directorate and the Vice Ministry of Finance in matters related to the
public finances, bonds issuance in the local and international market, different aspects of
the public debt, projects for structures developments, special laws and financial assets of
the State.
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Legal advisors of the German company Wollschlager for the obtainment of the Special
Economic Area license before the Panama Pacifico Economic Area Agency.
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Legal counsels for Deutsche Gesellschaft fuer Internationale Zusammenarbeit (GIZ)
GmbH, management company for the Competitiveness and Trade Program IDB 1941 /
OC-PN, in signing of the Contract with CRIMSONLOGIC PANAMA INC, in which it shall
execute the design, development and implementation of a Foreign Trade Single counter
System. In the period of negotiation and signing we provide legal advice, we performed
review of contractual documents and exhibits that supported the recruitment and
management of monitoring by our client, the management company.
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Services rendered to MARINE OIL SERVICES S.A. f or the operation of a lubricant project
within a Petroleum Free Zone, and also all formalities before the Hydrocarbons
Department and the Petroleum Free Zones, for the obtainment of the pertinent licenses.
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Legal advisor of Tritech Panama International in the process of obtain the permits to
import lubricants before the National Energy Secretariat.
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Asesores de Samsung Electronics en la preparación de la documentación legal,
corporativa y administrativa para la trámite de obtención de licencia de Sede de
Empresas Multinacionales.
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Advisors of Samsung Electronics in the drafting of the legal, corporate and administrative
documentation for the obtainment of the Multinational Corporation Headquarters
license.
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Legal advisors of Empresa Nacional de Autopistas, S.A. (ENA) and ENA Sur, S.A. in the
process of securitization of revenues for the tolls of the autopista Corredor Sur, through the
issuance of US$395,000,000 million in securities by ENA Sur Trust. The product of the
placement of securities was used for the acquisition of the shares of ICA Panamá, S.A.,
property of Grupo Empresas ICA, a Mexican construction company with operations in
America and Europe. The securities were issued by Regulation and Rule 114A of the US
Securities Act of 1933 and were registered before the Securities Commission of Panama
and Bolsa de Valores de Panama, S.A. (Stock Market of Panama).
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Consultancy for the Fundación Amador, in the structuring of the proceedings of direct
negotiation of the plots N° 10 and N° 11 of the Peninsula of Amador, township of Ancón,
Republic of Panama. The plots N° 10 and 11 had an approximate value of over
US$70,000,000.00 million. The Fundación Amador is a public interest civil foundation, nonprofit organization, owner under fiduciary title of the plots 10 and 11, whose purpose is to
favor and to guarantee the financing, construction, development, maintenance,
administration and management of the Museum of the Biodiversity: P anama Bridge of
Life, designed by the world famous architect Frank O. Gehry.
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Legal consultants for Aeropuerto Internacional de Tocumen, S.A. in the Issuance of
Corporate Bonds for the amount of US$650,000.00 for the financing of the expansion
works of the airport, including the new South Terminal. Aeropuerto Internacional de
Tocumen, S.A. is the Copa Airlines hub and has become one of the airports with the
largest growth and passenger traffic at the regional level. The Corporate Bonds Issuance
was authorized by the Superintendence of the Securities Market and listed in the Panama
Stock Exchange, and it is one of the most important issuances in recent years on the local
market. The issuance is secured with incomes resulting from airport departure rate, under
a guarantee trust with Scotiabank Panama.
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Legal advisors of Empresa Nacional de Autopistas, S.A. (ENA), in the process of
securitization of revenues in concept of tolls from the Stage II B of the Corredor Norte, by
means of the issuance of US$ 220,000,000.00 in securities by the Trust ENA Este. The
proceeds from the placement of the securities shall be used mainly, for the completion of
the construction of Stage II of the Corredor Norte (Brisas del Golf - Tocumen).
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Advisors to the Office of the Secretary of the Panama Metro of the Ministry of the
Presidency for the review of the legislation regarding the metro transport type and the
preparation of a draft bill that shall establish the regulatory framework of the Metro System
for Persons Transportation; authorizes the creation of the Metro de Panamá, S.A. company,
which shall be constituted as a corporation and shall be in charge of the Metro System for
Persons Transportation and regulation of all the activities inherent thereof. It also regulates,
among other things, its Financial Administration, contracting, concessions and tax systems;
its patrimony, control and operation; the administrative structure; the acquisition of
properties and improvements, influence polygons, the delimitation and establishment of
polygons of the affected premises of Metro; the use of public roads or easements; the
safety and order of the facilities part of the Metro; and the continuous and uninterrupted
of the Metro service. The consultancy included the draft bill and the process of
consultation with public and private entities; the draft bill was submitted to the
consideration of the National Assembly and it is now law of the Republic."
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Legal advisors of Avianca airline holding in its first international market bond issuance for
USD300 million.
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We provide legal and technical advice to the European Union in partnership with Central American firm Consortium Centro America for registration and publication of European GIs
in the Republic of Panama.
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Legal advisors of the Empresa Nacional de Autopistas, S.A. (ENA), in the process of
negotiation and conclusion of a memorandum of understanding with the corporation
PYCSA Panama, S.A., pertaining to Grupo PYCSA of Mexico, for the acquisition of the
concession of the autopista Corredor Norte (“Northern Corridor highway”).
•
Legal advisors of the Ministry of Economy and Finances related with the development of
a port at the Pacific entrance of the Panama Canal.
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Legal Counsels of Omega Engineering, Puerto Rico, successful bidder of the Public Tender
of US$50,000,000 million for the studies, design, material supply, labor, equipment,
management and construction of the City of the Arts Project of the Republic of Panama.
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Legal advisors in the acquisition of the insurance company American Life Insurance
Company (ALICO) by Panamerican Life Insurance Company (PALIC). ALICO, was in the
seventh position in the ranking of the insurance market, with a total premiums sold in the
order of $38,940,000 million and a market share of 5.11%, while Palic was located at the
twentieth position with an amount of $ 4,958,772.98 and a market share of 0.65%.
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Legal advisors of the Coordination Unit for the Panama Bay Sanitation of the Health
Ministry, in negotiation the design and construction contracts for many works required for
the development of the sewage treatment plant, as well as the wastewater collection
system. The project exceeds US$200,000,000 million and has among its contractors the
Brazilian company Constructora Norberto Odebrecht S.A., the Spanish company FCC
Construcción, S.A.; the Ecuadorian company Hidalgo e Hidalgo, among others.
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Legal advisors of Empresa Nacional de Autopistas, S.A. (ENA) in the acquisition process of
100% of the capital stock of ICA Panamá, S.A., concessionaire of the autopista Corredor
Sur, for the amount US$420,000,000 million. ENA is a 100% state-owned Company.
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Cold Chain Project. Advisors of the company Outsourcing, S.A., member of the Consorcio
Panama Frío (“Cold Panama Consortium”), successful bidder of the tender called by
Cold Chain Secretariat for the design, construction, equipment and implementation of
the comprehensive logistics system of the Cold Chain Project. Tender awarded for US$
75,000,000 million.
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Panama Canal Expansion Project. Advisors of the ICA-FCC-MECO Consortium
(composed of the Spanish company FCC, the Mexican construction company ICA and
the Costa Rican construction company MECO) in charge of the construction of the
Pacific Access Channel (PAC) of the Panama Canal Expansion Project. Public Tender
awarded for US$268,000,00 million.
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Construction of the Third Set of Locks of the Panama Canal Project. Advisors of the
Panama Pacific-Atlantic Consortium in the tender of the design and construction of the
third set of locks contract, called by the Panama Canal Authority composed by
Bouygues Travaux Publics (France), Bilfinger Berger (Germany), VINCI Construction
Grands Projets (France), Construcoes e Comercio Camargo Correa (Brazil), Construtora
Andrade Gutierrez (Brazil), Construtora Queiroz Galvao (Brazil), ALSTOM Hydro Energia
Brazil (France), BARDELLA Industrias Mecanicas (Brazil) and AECOM (US).
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Constructora Norberto Odebrecht: Collective Bargaining Agreement between
Constructora Norberto Odebrecht, the SUNTRACS (Sole Union of Workers of the
Construction and Related Industries of Panama) for the national Project of the “Coastal
Belt”.
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Legal advisors of Dell Inc. (Dell Computers) regarding the establishment of a call center
in Panama City, including the negotiation of the property lease contracts and licenses,
likewise the structuring of vehicles that were used for the financing of the development.
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Privatization of International Airport. Legal Advisors of the Consortium Flughafen Frankfurt
Main AG (Airport of Frankfurt) in the pre-qualification process for the privatization of the
Tocumen International Airport involving recommendations for the free trade zones and
leases, as well as the feasibility study, due diligence and employment. Said privatization
process never concluded.
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Exploitation of Oil Terminal. Advisory services rendered to the company PETROAMERICA
TERMINAL S.A., subsidiary of EXXON MOBIL SALES and SUPPLY CORPORATION and HAJI
ADBULLAH ALIREZA & CO. LTD. in connection with Public Tender Nº09-ARI-96 called by ARI
to grant the concession to exploit Arraijan-Rodman Oil Terminal and the administration of
piers 1 and 2 of the Naval Base of Rodman. Our advice comprised all the corporate,
fiscal and administrative matters related with the participation of the company in the
mentioned Tender, as well as the direct negotiation of the concession contract with ARI,
the subsequent attention of all the corporate, administrative, labor and fiscal matters for
the commencement of its commercial operations in the Republic of Panama and the
negotiation with the Directorate General of Hydrocarbons of the Ministry of Commerce
and Industries, the contract of the Oil Free Zone to operate the tank farm in Arraijan and
the Naval Base of Rodman.
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Legal advisors on immigration matters for leading companies which take part of the
Panama Canal Expansion Project awarded to Consorcio Grupo Unidos por el Canal,
such as JAN DE NUL N.V., SACYR, TECOZAM, GRUAS DEL PACIFICO, GLOBAL BUSINESS,
among others.
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Legal consultancy on immigration matters for the Consortium to which the project for the
Construction of the Pacific Access Channel Phase 4th (Pacific Access Channel No. PAC4) were awarded, in which the companies ICA, FCC and MECO participate.
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Legal advisors on immigration matters for leading enterprises companies located in
Panama Pacific, such as DELL, SIRENIS INTERNATIONAL TRAVELERS CLUB, among others.
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Legal advisors on immigration matters for the company CHEC Panama, S.A. (China
Harbour Engineering Company) which is in charge of the Phase III of the Balboa Port
Expansion.
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Exclusive representatives on immigration matters in Panama for the international
consultants Ernst & Young.
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Exclusive representatives on immigration matters in Panama for the international
consultants Emigra Worldwide.
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Legal representatives of renowned companies, which are in charge of important projects
and to which major public works have been awarded in the Panamanian territory, such
as MI BUS, S.A. (Metro Bus) and OMEGA Engineering (MINSA CAPSIS), among others.
V.
WORK TEAM
We have a qualified team of lawyers, reason why we have gathered our specialists in the
areas of law related with the project that the renowned Grupo Verdeazul has started.
PARTNERS
Gabriel González-Ruiz A.
Ana Graciela Medina
Hugo Morán
ASSOCIATES
Jordana C. Fasano M.
Javier José Vallarino
Estefanía Alemán
Ayleen Quintero
COMPLIANCE OFFICER
Liliana Muñoz
ASSOCIATE ATTORNEY
SPECIAL PROJECTS
Leroy Sheffer
Specialist in Logistics/ Free Trade
A g r e e m e n t s / Duty Free Zones
CURRICULUM VITAE
GABRIEL A. GONZÁLEZ-RUIZ A.
Date of birth:
November 14, 1955
Nationality:
Panamanian
Academic Instruction:
Bachelor of Law and Political Science, University of Panama, 1978.
Thesis:
"The Autonomy of Commercial Law" (publication
recommended by the grading jury).
License Certificate:
1983
Experience:
ICAZA, GONZALEZ-RUIZ & ALEMAN,
Associate 1979 - 1989
Partner since 1990.
Practice Areas:
Public Procurement and Privatizations, Administrative Law,
Commercial Law, Tax Law, Banking Law, Mergers & Acquisitions,
Project Finance.
Representative projects:
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Legal consultants for Aeropuerto Internacional de Tocumen, S.A., in
the preparation of bill draft for the amendment of Law 23 of 2003,
which govern activities at airports and aerodromes in the Republic of
Panama, in order to introduce the framework required for the
structuring of local and international financial transactions, such as
issuance of debt instruments, constitution of issuers, management
and guarantee trusts, assignment of [cash] flows resulting from
aeronautical and non-aeronautical commercial services incomes in
favor of local and international fiduciary entities and banks, among
othersLeader of the Legal Group for the acquisition process by the
Empresa Nacional de Autopistas, S.A. (ENA), 100% of the share
capital of ICA Panama, S.A. (now ENA Sur, S.A.), licensee of the
Corredor Sur, in the amount U.S. $ 420 million, including the drafting
of the preliminary bill, whereby Empresa Nacional de Autopistas, S.A.
(ENA) is created.
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Legal consultants for Aeropuerto Internacional de Tocumen, S.A. in
the Issuance of Corporate Bonds for the amount of US$650,000.00 for
the financing of the expansion works of the airport, including the new
South Terminal. Aeropuerto Internacional de T ocumen, S.A. is the
Copa Airlines hub and has become one of the airports with the largest
growth and passenger traffic at the regional level. The Corporate
Bonds Issuance was authorized by the Superintendence of the
Securities Market and listed in the Panama Stock Exchange, and it is
one of the most important issuances in recent years on t he local
market.
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Legal counseling rendered to Aeropuerto Internacional de T ocumen,
S.A., in the negotiation and entering into a syndicate bridge loan up to
US$200,000,000.00, structured by Prival Bank (Panama), in order to
finance the works expansion of the airport.
Leader of the Legal Group of the firm for the process of securitization
of toll revenues of the Corredor Sur, via the issuance of U.S. $ 3 95
million in securities by the Trust ENA Sur. The proceeds from the
placement of securities were used to acquire the shares of ICA
Panama, S.A. The securities were issued under Regulation S and
Rule 114A of the U.S. Securities Act of 1933, and were registered in
the Securities Commission of Panama and t he Panama Stock
Exchange.
Leader of the Legal Group for factoring syndicated transactions for $
200 million, conducted by local banks with companies awarded for
works of the Plan of Vial Reorganization of the Ministry of Public
Works and the Cold Chain of the Ministry of the Presidency.
Leader of the Legal Group for the structuring process and
implementation of the restructuring of Howard Air Force Base and the
creation of "Panama Pacific Special Economic Area"; as well as the
structuring process and implementation of the international public
selection process of a Master Developer.
Leader of the Legal Group of consultancy for possible public sale of
the shares owned by the State in a t elecommunications company;
such consultancy included (i) analysis of all corporate aspects (articles
of incorporation, shareholder agreements, etc.) and the required
modifications, and (ii) analysis of applicable laws and drafting of
legislative changes required.
Leader of the Legal Group for consultancies rendered to the Ministry
of Economy and Finance of the Republic of Panama, in matters
relating to public finance, projects and special laws and financial
assets of the State.
Leader of the Legal Group for consultancy to the Secretary of the
Metro, for the review of the rules on transportation type Metro and the
drafting of a preliminary bill to regulate this matter.
Advisor for Amador Foundation, a n onprofit public interest civil
foundation, in the design and structuring of private bidding process for
the sale of two plots located in the Amador Peninsula, Republic of
Panama, for the financing, construction, development, maintenance,
administration and management of the Museum of Biodiversity:
Panama Puente de Vida (Panama Bridge of Life), designed by world
famous architect Frank O. Gehry.
Leader of the Legal Group in consultancies rendered to the State on
issues related to public utility joint ventures.
Membership:
Panama Bar Association
Languages:
Spanish and English
ANA GRACIELA MEDINA
Date of Birth:
8 de septiembre de 1976
Nationality:
Panameña
Academic Instruction:
Licenciada en Derecho y Ciencias Políticas, Universidad
Latinoamericana de Ciencia y Tecnología, ULACIT, Panamá (Cum
Laude Probatus), 2001.
Maestría en Informática y Derecho, Universidad Complutense de
Madrid, 2002. Tesis: “El paradigma de los Centros Financieros
Internacionales en el ámbito de la Nueva Economía Digital”..
Licence Certificate:
2001
Experience:
ICAZA, GONZÁLEZ-RUIZ & ALEMÁN
Socia, Enero 2013 a la fecha
Abogada Asociada, 2003 - 2012.
Asistente Legal 1999 – 2001
Practice Areas:
Communications & IT; Corporate; Immigration and Naturalization;
Real Estate & Tourism
Representative projects:
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She participated on the drafting of Law No. 41 of July 20th, 2004,
which creates a special system for the establishment and
operation if the Panama-Pacific Special Economic Area and a
state autonomous entity, named Panama-Pacific Special
Economic Area Agency”, specifically on the drafting of the chapter
on “Immigration System of the Panama-Pacific Area”.
Legal advisor on immigration matters for leading companies with
SEM license, such a Samsung Electronics, Pan-American Life.
Legal consultancy on immigration matters for leading companies
which take part of the Panama Canal Expansion Project awarded
to Consorcio Grupo Unidos por el Canal, such as JAN DE NUL
N.V., SACYR, TECOZAM, GRUAS DEL PACIFICO, GLOBAL
BUSINESS, among others.
Legal consultancy on immigration matters for the Consortium to
which the project for the Construction of the Pacific Access
Channel Phase 4th (Pacific Access Channel No.PAC-4) was
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awarded, in which the companies ICA, FCC and MECO
participate.
Legal advisor on immigration matters for the renowned
international company CADDEL, in charge of the construction of
the United States Embassy in Panama.
Legal consultancy for leading companies located in Panama
Pacific, such as DELL, SIRENIS INTERNATIONAL TRAVELERS
CLUB, among others.
Legal advisor on immigration matters for the company CHEC
Panama, S.A. (China Harbour Engineering Company), which is in
charge of the Phase III of the Balboa Port Expansion.
Exclusive representatives on immigration matters in Panama for
the international consultants Ernst & Young.
Exclusive representatives on immigration matters in Panama for
the international consultants Emigra Worldwide.
Legal Representatives of renowned companies, which are in
charge of important projects and to which major public works have
been awarded in the Panamanian territory, such as MI BUS, S.A.
(Metro Bus) and OMEGA Engineering (MINSA CAPSIS), among
others.
Memberships:
Panama Bar Association, Panamanian Association of Law and New
Technologies.
Languages:
Spanish and English
Ana Graciela Medina
ICAZA, GONZALEZ-RUIZ & ALEMAN
HUGO MORAN RODRIGUEZ
th
Birth Date:
November 5 , 1972
Nationality:
Panamanian
Academic Instruction:
Bachelor degree in Law and Political Sciences, University of Panama,
1998.
Postgraduate Degree in Commercial Law, 2002
Master’s Degree in Business Law, 2002.
Post graduate studies in Top Management, Universidad Latina de
Panama. Suma Cum Laude, 2000.
Master Degree in Business Administration with emphasis in
Marketing, MBA, Universidad Latina de Panama, Suma Cum Laude,
2001.
Thesis: “Money Laundering and Panama’s International Financial
Center”); Universidad Latinoamericana de C iencia y Tecnologia
(ULACIT)
License Certificate:
Experience:
1998
ICAZA, GONZÁLEZ-RUIZ & ALEMAN
Partner, since 2013
Associate, 2000 – 2012
Brand Protection Strategy and IP Litigation
Memberships:
Panama Bar Association; Panamanian Association of Industrial
Property Law (APADEPI); International Trademark Association (INTA);
Inter-American Association of Industrial Property (ASIPI), Principal
Delegate of Panama (2013-2014).
Languages:
Spanish and English
Practice Areas:
Litigation & ADR; Intellectual Property; Anti counterfeiting Matters and
Brand Protection; Customs Protection; Criminal and Civil Litigation in
Intellectual Property including Copyright.
JORDANA C. FASANO M.
th
Date of Birth:
March 14 , 1984
Nationality:
Panamanian
Academic Instruction:
LL.B., Santa Maria La Antigua University, Panama, Republic of
Panama, (2006).
Certificate in Foundations of American Law and Legal Education,
2006. Georgetown University Law Center, Washington D.C., USA
L.L. M., major in Corporate, Banking and International Business
Transactions, Georgetown University, Washington D.C., U.S.A., 2007.
Licence Certificate:
2006
Experience:
ICAZA, GONZÁLEZ-RUIZ & ALEMÁN
Associate.
Practice Areas:
Administrative Law; Contracts; Labor and Employment; Panama
Private Interest Foundations; Public Contracting & Privatization.
Memberships:
Panama Bar Association
Languages:
Spanish and English
JAVIER VALLARINO GARCIA DE PAREDES
th
Birth Date:
July 8 , 1970.
Nationality:
Panamanian
Academic Instruction:
Bachelor degree in Law and Political Science, Universidad Santa
María la Antigua, Panama, 1997. Thesis: “Amendments to the
Individual Labor Right Introduced by Law 44 of August 12, 1995”.
Postgraduate studies in Labor Law, University Santa María la Antigua
Panamá, 1998.
License Certificate:
1997
Experience:
ICAZA, GONZÁLEZ-RUIZ & ALEMAN
Associate, since 2008.
Legal advisor in Labor Law.
Grupo Melo
Director of Labor Relations Department
1997 to 2002
2004 to 2008
Chamber of Commerce, Industries and Agriculture of Panama
Legal advisor in Labor Law, since 2009.
Rivera, Bolívar y Castañedas
Lawyer - Labor
1993 to 1997 / 2002 to 2004
Rosas y Rosas
Legal Assistant, 1993.
Central Industrial Chiricana
Sales Supervisor
1990-1992
Administración de Seguros, S.A. (ASSA)
Assistant to the Risk Department
1990
Membership:
Panama Bar Association; Panama Academy of Labor Law.
Language:
Spanish
Practice Areas:
Labor Law.
ESTEFANÍA ALEMÁN
Date of Birth:
February 5th, 1988
Nationality:
Panamanian
Academic instruction:
Juris Doctor, American Washington College of Law (2013)
Bachelor of Arts and S cience Degree with a m ajor in History and
Foreign Affairs in the University of Virginia, 2010
Experience:
ICAZA, GONZÁLEZ-RUIZ & ALEMÁN
International Associate, 2014.
Deloitte Panamá
Tax Intern, 2012
The Nature Conservancy
Intern, 2012
Ministry of Foreign Affairs of Panama
Law Clerk, 2011
Areas of Practice:
Panama Trusts and Vista Trusts (BVI)
Languages:
Spanish, English, French and Italian
Estefanía Alemán
ICAZA, GONZALEZ-RUIZ & ALEMAN
AYLEEN QUINTERO
st
Date of Birth:
March 31 , 1984
Nationality:
Panamanian
Academic Instruction:
Bachelor degree in Law and Political Sciences, University of Panama
(2012).
Master´s Degree in Commercial
Interamericana de Panamá (2013).
Law
of
the
Licence Certificate:
2012
Experience:
ICAZA, GONZÁLEZ-RUIZ & ALEMÁN
Associate, 2014.
Lawyer, 2013
Administrator of the Immigration Department, 2007 a 2012
Morgan & Morgan
Paralegal, 2007
Arias, Alemán & Mora
Paralegal, 2006 – 2007
Practice Areas:
Immigration and Naturalization, Contracts
Languages:
Spanish and English
Ayleen Quintero
ICAZA, GONZALEZ-RUIZ & ALEMAN
Universidad
LILIANA DELFINA MUÑOZ DE MANN
th
Date of Birth:
November 12 , 1969
Nationality:
Panamanian
Academic Instruction:
Bachelor’s Degree in Law and Political Sciences, Universidad de
Panamá, Republic of Panama, 1993 (Sigma Lambda).
Master of Laws (LL M) in Corporate & Commercial Law,, University of
the West Indies, Cave Hill, Barbados, 2008.
Licence Certificate:
1995
Other designations:
TEP, CAMS, Authorized Public Translator (Professional Spanish
English and vice-versa)
Experience:
ICAZA, GONZÁLEZ-RUIZ & ALEMÁN
Compliance Officer, May 2013 up to this date.
RBC Wealth Management, Barbados.
Senior Trust Officer/Trust Manager, 2007-2013
RBTT Trust Corporation, Barbados.
Senior Trust Officer/Compliance Officer, 2005-2007
KPMG, Barbados.
Manager Corporate Services, 2004-2005
Icaza, González-Ruiz & Alemán (BVI) Trust Ltd, British Virgin Islands.
Managing Attorney, 1997-2002
Memberships:
Panama Bar Association; Society of Trust and
Estate Practitioners –
STEP (Barbados Chapter 2009 - 2013, Panamá Chapter, currently);
Association of Certified Anti-Money Laundering Specialists (ACAMS), US;
Panama Compliance Officers Association (ASOCUPA).
Languages:
Spanish and English
Liliana D. Muñoz de Mann
ICAZA, GONZALEZ-RUIZ & ALEMAN
LEROY SHEFFER
Associate Attorney – Special Projects
Attorney Leroy Sheffer graduated from the Universidad de P anamá with the
highest academic honors in 1995. In the year 2001, he was sponsored by James
E. Rodger College of Law of Arizona University, where he m ade studies in
International Business Law. He complemented his specialization studies at the Practice Institute of New York
during the year 2002.
In the year 2006, he was appointed Ambassador and Vice-Minister of Business Negotiations of the Republic of
Panama, which led him to lead the team which concluded the negotiations of the Trade Promotion Agreement
with the United States of America in 2007.
During this period and until the year 2009, he was responsible of the negotiations of the Free Trade
Agreements with Central America (Costa Rica, Guatemala, Nicaragua and Honduras), all of which allowed
him to have a real scope of the legal and economic reality of the region, key factor to start the incorporation
process of Panama to the Regional Integration Economic System (SIECA). Likewise, he was promoter of the
Free Trade Agreement with Canada and the negotiations before the World Trade Organization regarding
issues as Trade Facilitation Services.
In his experience, he has been promoter of the integration of trade rules related to key sectors of Panama and
particularly maritime trade and logistics, which had been reflected in free trade agreements subscribed by
Taiwan and Singapore (2006-2007-2009).
In his career of public official, he concluded important agreements for the promotion of trade and investment of
Panama, being the discussions with Qatar, Mexico, Finland and Belgium, among others, the most notable.
He was part of the legal team of the Republic of Panama in the development of the trade conflicts with
Colombia for the defense of Distribution Services from the Colon Free Zone, where the main axis of the
debate was focused in the port transit freedoms between Panama and Colombia.
In his private practice, he is Partner Director of the ITAS Group – Service Firm Specialized in Foreign Trade
founded in the year 2009, where he has focused his efforts in the development of projects related to Panama
logistical platform growth in favor of associations, companies and consortiums of worldwide standing.
He has been UNCTAD Consultant in connection to prevention policies and c onflict resolution in investment
matters, Advisor of the Agricultural Development Ministry (MIDA 009-21), OIRSA in matters regarding the
promotion of the agriculture area, Advisory Consultant as of 2009 of the Maritime Chamber of Panama in
matters regarding the Competitiveness of the Ancillary Maritime Industries, External Advisor of the Users
Association of the Colon Free Zone, as well as Director of National and Regional Companies.
From the ITAS firm and law practice, he has developed a w ide experience in matters of public contracting,
trade incentives rules, development of regulations in matters of logistics and duty free zones and development
of maritime businesses.
He is the author of specialized opinion articles in foreign trade matters; he has been recognized as one of the
15 opinion leaders most important of the Republic of Panama by the global circulation magazine Wise´nvest
(200), he has been awarded with the Ricardo J. Alfaro and Dominador Kayser Bassan prizes for its academic
and professional efforts in favor of the development of the country, he has been President of the
Macroeconomic Affairs Commission of the Panamanian Association of Business Executives (APEDE) and of
the Trade Agreements Commission of AMCHAM – Panama.
Currently, he has been appointed as President of the Logistics and Maritime Affairs Commission of APEDE.
Leroy Sheffer
ICAZA, GONZALEZ-RUIZ & ALEMAN
VI.
PRACTICE AREAS
ICAZA, GONZALEZ-RUIZ & ALEMAN provides tailor-made, sophisticated solutions to key
corporate clients, international institutions and public entities, while remaining committed to
offering a partner-led, individualized legal service and advice to our private clients.
Icaza, González-Ruiz & Alemán is a Panamanian law firm established since 1920. Our legal
services encompass all areas concerning Administrative Law, Admiralty & Shipping Law,
Banking & Finance, Capital Markets & Securitization, Communications & Information
Technology (CIT), Consumer Protection & Competition Law, Environmental Law & Energy,
Immigration & Naturalization, Labor Law, Insurance & Re-insurance, Intellectual Property,
International Commerce, Litigation & Alternate Dispute Resolution, Public Contracts &
Privatizations, Taxation, Company Formation, Trust and Estate Planning, Private Foundations,
among others.
ICAZA, GONZALEZ-RUIZ & ALEMAN capabilities stretch across various jurisdictions worldwide. Our
performance is further enhanced by the existence of Icaza Trust Corporation and Panamerican
Management Services, S.A, both corporate entities empowered to complement our services.
Our professional practice in the area of Commercial Law is not limited to the structuring of
businesses. The Litigation Department of our firm is administered under a separate structure
known as BUFETE IGRA. Our litigation attorneys are always ready to respond to the needs of our
clients and protect their interests in the event that a conflict may arise from a simple dispute up
to judicial limits
ICAZA, GONZALEZ-RUIZ & ALEMAN is on the list of Legal Consultants for projects of the World
Bank and of the Inter-American Development Bank.
VII. SERVICES PROPOSAL
Among the variety of services offered by our firm, by means of this document we would like
to present and offer all those related to consultancy to Clients whose businesses shall be
established in the Duty Free Zone.
•
CORPORATE LAW
Our firm may assist its clients in all legal matters related to corporations and their shareholders,
directors, officers, employees, agents, creditors, partnerships, intellectual property, trusts,
contracts, environmental issues, among others, including all kinds of litigation.
Within the Company formation practice our lawyers focus on tax-oriented advice and can
offer a very broad spectrum of vehicles for the international structuring of business and
private equity by selecting the most suitable corporate structures from their transactional
expertise on a choice of domiciles, including the following jurisdictions: Panama; Bahamas;
BVI; Belize; Anguilla; Seychelles; UAE; UK; Netherlands; Delaware; Florida; Costa Rica; New
Zealand; Uruguay, Marshall Islands and Cyprus.
ICAZA, GONZALEZ-RUIZ & ALEMAN will advise on the most suitable vehicle, corporate or noncorporate, taking into account your type of business, your specific needs, and your profile.
Through the collaboration of our affiliated companies Panamerican Management Services
S.A., Icaza Trust Corporation, and other subsidiaries, our firm provides full administrative
service in relation to the management, accounting and secretarial services of these vehicles
depending on our client’s specific needs.
Time of Delivery
Corporations’ organization
Approximately 3 to 5 working days
Constitution of Foundations
Approximately 3 to 5 working days
Approximately 5 working days
Formation of Trusts
Drafting of powers of attorney and minutes Approximately 2 working days
Corporations registration before ANIP
Approximately 2 to 3 working days
•
FREE ZONES / DUTY FREE ZONES / SPECIAL ECONOMIC ZONES
We inform you about the commercial and tax advantages and benefits offered in Panama.
The Panamanian State has been recognized for the advantages that the free zones offer for
development of international businesses and have established an assortment of schemes
which allow carrying out these activities under very favorable conditions.
Our team of lawyers has wide knowledge and experience on the registration of companies
within duty free zones and their special systems, such as the one created by Law No. 41 of
August 24th, 2007 for the establishment and operation of Multinational Corporation
Headquarters, Panama Pacific Special Economic Area, Colon Free Zone, Duty free zones,
among others.
In this regard, it should be noted that we have assisted our clients in establishing themselves in
zones of convenience for its respective businesses, processing their corresponding
application for operation licenses, as well as all procedures related to the operation under
those special systems.
Any company which desires to operate in the Panamanian territory shall be required to be
subject of a comprehensive process of due diligence, process which Icaza, González-Ruiz &
Alemán thoroughly manages. The law firm has strict policies of “Know your Client” before
starting legal procedures in favor of our prospective clients and even, we have been
contacted on several times to carry out full reports of due diligence of companies, so that our
clients may decide on the feasibility of making business with other companies.
many clients, both individual and corporate, due to the quality of the advice which has been
given as result.
We provide tax advice to help clients to take and implement commercial decisions and
corporate strategies, while incurring on minimum tax obligations.
Our specialists are well oriented to support foreign clients in establishing new operations in
Panama and obtaining benefits from the business opportunities and special tax incentives
available. We develop efficient tax mechanisms to enter into markets, or participate in public
or private bids, acquisitions and reorganizations. In this context, we have advised clients
engaged in various commercial and economic activities such as banking, transportation,
construction and real estate.
We advise our clients in relation to the activities of the Duty free zones, its benefits and special
treatment that these Panamanian tax systems provide. Furthermore, we supplement the
services of the employment and labor law team, by providing advice on Labor Law and
implications regarding taxes.
In case of claims before the tax authorities, our services include the representation of our
clients before the General Directorate of Revenues and before the Third Chamber of the
Supreme Court, inclusive.
We are committed to provide our clients customized solutions, including tax and estate
planning through a variety of corporate vehicles and other legal vehicles. Our expertise
covers tax advice on labor contracts for executives, supporting at all times the work of the
Immigration Department, advising and counseling regarding the tax status of foreign
executives, who come to Panama to work for our client´s companies.
Time of Delivery
Companies registration – Special Systems
•
Approximately 5 working days
IMMIGRATION AND LABOR PROCEDURES
Immigration and labor aspects are an important part of the services provided to our clients. We
recognize the needs that companies have on these matters and we know that legal advice on
human resources matters, whether local or foreign, is a key part of the success of the execution
of our clients´ businesses.
30
That is the reason why the law firm has with an Immigration Department and a team of
lawyers with wide experience on immigration matters and labor issues, in dealing with
competent authorities and the handling of the complexities and the law procedures, in
general. Currently, they are in charge of a wide range of clients, which includes multinational
corporations and local companies, non-profit organizations and individual, in general.
Our Immigration Department is comprised by:
•
•
•
•
•
Director attorney, who is also partner of the firm
Two (2) associated attorneys
Five (5) legal secretaries
One (1) Department Administrator
Four (4) legal assistants
Among the benefits that our Immigration Department offers to its clients are the following:
a) Customized service for our clients.
b) Experience on the processing of immigration permits pursuant to Multinational
Corporation Headquarters Law (Law No. 41 of August 24th, 2007).
c) We offer the messenger service to pick up and deliver documents to their offices in
Panama City.
d) Delivery of monthly reports submitted by the Department Administrator in order to
keep our customers updated regarding the immigration status of foreigners.
e) Customized assistance for the obtainment of driver´s license.
f) Use of computer program which allows the opening of files, procedures follow-up and
delivery of notices to the client about the expiration and renewal of immigration
permits, prior to the expiration date thereof.
Likewise, we have a wide experience on the Authorized Visas procedure, as well as on those
procedures on which the application is not necessary, an exemption established by Decree
Law No. 414 of July 13th, 2012, whose purpose is to expedite the procedure of those
executives and foreign personnel who work for companies under special systems, as part of
the benefits of those areas.
As for our labor services, our attorneys experts in the field shall give you all kinds of advice on
labor issues either verbally (or phone) and / or by email, and our service shall cover, inter alia,
answering of labor queries, review of disciplinary sanctions, letters of dismissal and labor
termination agreements by mutual consent.
Likewise, it also guarantee that an attorney of the law firm expert on labor issues shall be
available at all times, to advise the client and, in the event that you so require it, he shall go
to your offices, free of cost, to participate in meetings or deal with any labor issue on which
the company is interested.
We offer other services, such as the drafting of business documents, such as Labor internal
regulations and/or Labor Contracts, or labor procedures related to unions, lists of demands,
negotiation of collective bargaining agreements, labor permits, filing of remedies before the
labor administrative authorities, and representation of the company in legal proceedings
and individual or collective conciliation proceedings at the Ministry of Labor and Labor
Development offices.
31
Labor Procedures
Professional fees for our labor services such as answering queries relating to the subject, the
review of disciplinary sanctions, letters of dismissal and labor termination agreements by
mutual consent, as well as the advice of an attorney at all times, which may inclusive go to
the client´s offices
Time of Delivery
Taking as reference our experience in the management of immigration procedures special
systems which contemplates a single counter as a mean for the application of various types
of procedures, the residency permit applications take approximately thirty (30) working days
and the labor permit applications take approximately fifteen (15) working days.
On labor matters, the duration of the proceedings vary in response to the complexity of the
proceeding in question, however, the queries included in the retainer fee, shall receive an
answer within a period not exceeding forty-eight (48) hours.
•
OTHER LEGAL SERVICES
The attorneys of ICAZA, GONZALEZ-RUIZ & ALEMAN have the experience and academic
preparation required to advise you on commercial matters and transactions, including the
drafting and/or review of all kinds of contracts.
Likewise, we have a team of specialists who handle comprehensively the client’s needs, in
order to make the visit, relocation or investment in Panama, a pleasant experience.
Similarly, we have a broad experience in representing developers of residential, commercial
and touristic projects, in all development stages, including the acquisition of lands, master
plans approval, travel logs, formation of co-owners associations (horizontal property system),
financing, segregations, feasibility of project development, among others.
The Intellectual Property Department of ICAZA, GONZALEZ-RUIZ & ALEMAN handles
trademarks, invention patents, utility models, industrial designs, advertising slogans, copyrights,
and trade and domain names. It has a prestigious clientele of various commercial, industrial
and service sectors.
We prepare and process records before the General Directorate of the Industrial Property
Registry and the National Copyright Office. The firm is one of the leading providers of services
to international companies who choose to protect their intellectual property rights in relation
to a wide variety of goods and services ranging from chemicals, dyes, cleaning preparations,
cosmetics, pharmaceuticals, electronics, computer programs, surgical tools, vehicles,
watches.
33
In this sense, our services include:
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Lease contracts
Investigation of property titles, measures and encumbrances of the properties
Negotiation of purchase and sale contracts
Drafting and registration of purchase and sale public deeds
Assistance in bank account openings
Assistance in utilities companies
Advice in the development of real estate projects
Tax and Accounting Advice
Bank Contracts
Promise to sell and real and personal property purchase and sale contracts
Leasing and Factoring Contracts
Distribution and Agency Agreements
Trademark license contracts
Franchise Agreements
Marriage Settlements
Below, we describe some of these procedures and their corresponding professional fees.
Time of delivery
Our policy is to handle all the queries of our clients in a term not greater than forty eight (48)
hours, indicating if that due to the kind of procedure it is required to study in depth the issue.
The processing and delivery time of some administrative procedures such as (Municipality,
CSS, MEF) may take around two (2) to three (3) working days taking as reference our
experience carrying out the procedures before the Single Counters.
34
VIII. DUE DILIGENCE PROCEDURES
Icaza, González-Ruiz & Alemán Compliance Department has the independence
necessary to engage in the application of the measures required by the Panamanian
legislation and the international standards of knowing your clients or prospective clients
to protect the law firm and its affiliates companies (ICAZA, GONZÁLEZ-RUIZ & ALEMÁN
Group) of any crime related to Money Laundering, Terrorism Financing and other similar
unlawful activities within the legal framework of each jurisdiction in which it offers services.
ICAZA, GONZÁLEZ-RUIZ & ALEMÁN Group has a Compliance Committee that has established
internal procedures and a Compliance Handbook approved by the partners applicable to
the provision of legal services related to the incorporation of corporation, private interest
foundations and other Panamanian legal persons, when the service is provided to
correspondents and clients as well as for general legal services and transactions in which the
personnel of the ICAZA, GONZÁLEZ-RUIZ & ALEMÁN Group takes part.
As part of the internal procedure, we require documentation and information that is relevant
in order to properly identify the clients or prospective clients, both direct or indirect, who
require our professional services or with whom a professional relationship is maintained,
combined with the obligation of keeping, for the term provided by law, said documentation
together with the respective references or recommendations, the obligation of taking the
measures which are deemed necessary to prevent the use of our professional services to carry
out transactions related to drug trafficking, money laundering, terrorism financing and other
unlawful activities and the obligation to provide this information and/or documentation to the
competent authorities, when requested pursuant to the legal formalities.
The procedures for all the offices of ICAZA, GONZÁLEZ-RUIZ & ALEMÁN Group are established
in separate Compliance Handbooks, pursuant to the legal rules in force in all the different
jurisdictions from which we offer services to our international clientele.
In Panama, Executive Decree No. 468 of September 19th, 1994 was the antecedent to Law 2
of 2011, whereby the obligations were assigned and the responsibilities of the Resident Agent
of the corporations were established. Icaza, González-Ruiz & Alemán establishes a due
diligence culture in compliance with the obligations of keeping sufficient information to
identify the client, which shall be delivered to the competent authorities on crimes related to
Drug Trafficking, Money Laundering and Terrorism Financing. Crimes which were specified
since Executive Decree No. 124 of April 27th, 2006. For such reason, with Law 2 of 2011 which
repels Executive Decree No. 468 of September 19th, 1994 and Executive Decree No. 124 of
April 27th, 2006, we continue with the application of the due diligence procedure (“DD”) and
know your client (“KYC”) to all the clients of ICAZA, GONZÁLEZ-RUIZ & ALEMÁN.
(i)
(ii)
(iii)
(iv)
As part of our internal procedure:
The DD/KYC procedure starts with preliminary investigations in the database of
potential clients or new contacts.
The requirements of the Panamanian legislation and Law 2 of February 1st, 2011
are gathered in the forms designed to request the DD/KYC information from the
client or contact.
All the information and documentation received from potential, existing clients
and new contacts is reviewed by the Compliance Department for the
investigation, verification, extension and approval.
The investigations are performed by the compliance department which prepares
a summarized report regarding its evaluation/investigation of the results that it had
found in the internal and external Data Base (World-Check, WorldCompliance,
Google, amon g oth ers).
This report/summary, together with the printed version of the evaluation/investigation data
shall be delivered to the corresponding office, so that it may answer the contact properly and
without any delays based on that report/summary and proceed to address or decline the
provision of services based on the evaluation/investigation made by the Compliance Officer.
The DD and KYC policy of Icaza, González-Ruiz & Alemán also establishes parameters to
apply an Enhanced Due Diligence (EDD) procedure in cases where a more thorough
investigation needs to be made and request the necessary documentation to know the
client, which is accompanied by a stricter handling in regards to the request for additional
and detailed information together with the verification and authentication of the information
and documentation received.
ICAZA, GONZÁLEZ-RUIZ & ALEMÁN Group has a modern database system which allows us to
monitor the risk which all the contacts of the client portfolio and services offered by Icaza,
González-Ruiz & Alemán represents. The same assist us in the evaluation not only of the
provision of services to new clients, but also the continuity of the services to existing clients in
the event that the conditions change and therefore, the risk parameters for client with the
passing of time.
As part of the DD and KYC culture of the ICAZA, GONZÁLEZ-RUIZ & ALEMÁN Group, the
personnel receives annual training in compliance matters and their obligations based thereof
with the purpose of remaining vigilant and report incidents of crime or suspicious activities of
which they are aware regarding a client or contact.
IX.
CONTACT
Attorney Gabriel González-Ruiz
Attorney Ana Graciela Medina
Icaza, González-Ruiz & Alemán
Aquilino de la Guardia St., No. 8
IGRA Building, 5th Floor
Panama City, Republic of Panama
Tel: +507 205 – 6000 | Fax: +507 269-4891
gabrielg@icazalaw.com | anagm@icazalaw.com
www.icazalaw.com