Scope of application of Law 12 of 2016 in insolvency proceedings Ámbito de aplicación de la Ley 12 de 2016 en los procesos concursales de insolvencia

Abstract

Through the promulgation of the Law 12 of the 19th of May of 2016 the insolvency in the legal  mercantile system of Panama is regulated.  Throughout the analysis of the precited legal norm, this one is analyzed in matter of the acts of commerce and  the  regulatory framework of the  anonymous societies.  The interpretation of the ambit of application of the bankruptcy regime of insolvency, causes concern, that are normal in its execution, when  the acts  of commerce do not have  a location or an office in the Republic of Panama.