{"id":8376,"date":"2013-08-21T10:41:13","date_gmt":"2013-08-21T15:41:13","guid":{"rendered":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=8376"},"modified":"2013-08-21T10:41:13","modified_gmt":"2013-08-21T15:41:13","slug":"panama-analysis-of-law-on-bearer-shares","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/panama-analysis-of-law-on-bearer-shares\/","title":{"rendered":"Panama: Analysis of Law on Bearer Shares"},"content":{"rendered":"<p><a href=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2013\/08\/share-cert.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-8377\" title=\"share cert\" src=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2013\/08\/share-cert.jpg\" alt=\"\" width=\"429\" height=\"403\" srcset=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2013\/08\/share-cert.jpg 511w, https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2013\/08\/share-cert-300x281.jpg 300w\" sizes=\"auto, (max-width: 429px) 100vw, 429px\" \/><\/a><\/p>\n<p>Bearer shares have been around for a long time in Panama and it looks like they will be around for many more years.<\/p>\n<p>After serious threats to its existence, bearer shares will survive  thanks to a special regime created by Law 47 of August 6, 2013.<\/p>\n<p class=\"description\">In an analysis piece by Osvaldo Lau C. in  Prensa.com regarding the implications of the recently passed Law 47, he  writes that &#8220;After a long run, <span class=\"hlink\">bearer shares<\/span> are to survive thanks to a special regime created by Law 47 of August  6, 2013. Also created was the custodians of the certificates issued to  bearers, leaving aside the option to remove them completely from our  legislation. &#8221;<\/p>\n<p>&#8220;&#8230; Bearer share certificates issued before the effective date, must be  delivered to an authorized custodian along with an affidavit within  three years, as stated in Article 24 (sic).&#8221;<\/p>\n<p>&#8220;&#8230; The deadline for the three years indicated in the previous  paragraph, according to the enforcement of the law in question, will  expire on August 5, 2018. I do not recall a legal application ever being  so long. &#8220;<\/p>\n<p class=\"link_source\">Source: Prensa.com<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bearer shares have been around for a long time in Panama and it looks like they will be<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-8376","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Panama: Analysis of Law on Bearer Shares - Blog and Newsletter<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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