On June 9, 2026, the National Authority of Public Services (ASEP) officially launched Public Tender No. 01-2026-Telco: a 20-year concession to operate mobile telephony in Panama, including spectrum allocation for 5G in mid-band (3.5 GHz). Key process details: ✦ 40 MHz of mid-band spectrum (3.5 GHz), with the option to acquire up to 60 MHz additionally ✦ 20-year concession, renewable ✦ Capacity to deploy 5G Stand Alone architecture from the initial phase ✦ Spectrum pricing among the most...

Law 526 of 2026 introduces economic substance requirements and a 15% tax on certain foreign-source passive income earned by specific Panamanian entities. This new framework does not automatically apply to all entities incorporated or domiciled in Panama. Its scope will depend on factors such as membership in a multinational group, the existence of foreign-source passive income, the tax residence of entities in different jurisdictions, and any exclusions or special regimes to be defined by the...

Happy to have participated once again in the AEA 22nd Anniversary Congress, held in Paris, an event that brought together more than 400 legal professionals from 91 countries. Our Managing Partner, Ricardo Cambra, represented CLD Legal at this international forum, where he had the opportunity to meet with colleagues and strategic partners, strengthen professional relationships, and exchange perspectives on the needs of clients whose business, investments, or family matters extend across...