Marriott takes control of Panama Trump tower after long dispute. : Weekly News Roundup, September 28th, 2018

Marriott takes control of Panama Trump tower after long dispute. : Weekly News Roundup, September 28th, 2018

Sep 28, 2018 | Panama News

Welcome to the Panama Weekly News Roundup! Here’s the latest.

Marriott takes control of Panama Trump tower after long dispute.

With music and fanfare, US hotel chain Marriott yesterday took over a hotel in Panama City mired for months in a legal spat with the Trump Organization.

“Marriott International takes control as of today, managing the building in all aspects,” Demetrio Maduro, general manager of the new JW Marriot Panama City, told reporters.

Until recently, the Trump Ocean Club International Hotel was located in the building, managed by the US president’s property company, the Trump Organisation — now run by his sons.

But last year, the hotel and most of the apartments in the tower were bought by Miami-based Cypriot businessman Orestes Fintiklis, who in March evicted the Trump Organisation before its management contract had ended.

Source: Malay Mail

First Quantum Studies Panama Ruling on Legal Approval of Project.

Canadian miner First Quantum Minerals Ltd. headed for a one-week low after a ruling by Panama’s Supreme Court cast uncertainty over a major copper mine it’s developing in the central American country.

Local media in Panama reported that the court ruled on Monday that Law 9 — used to approve a mining concession contract between the state and Minera Petaquilla in February 1997 — was unconstitutional. Minera Petaquilla, now known as Minera Panama SA, is majority-owned by Vancouver-based First Quantum. Company’s filings show it obtained the concession rights for the Cobre Panama project in 1997 under that law.

Source: Bloomberg

Dozens of distressed migrants in limbo after Panama withdraws rescue ship’s registration at sea.

Dozens of distressed survivors aboard a migrant rescue ship in the deadly Mediterranean Sea were in limbo after Panama withdrew the vessel’s registration amid Italian complaints about such ships that one official has called a “taxi service” for migrants.

The Aquarius 2 is the last private rescue vessel to search for shipwrecked migrants on the route from North and Sub-Saharan Africa to Italy, via Libya. The ship, which has made rescues in recent days off Libya, is operated jointly by SOS Mediterranee and Medecins Sans Frontieres (Doctors Without Borders).

Source: ABC News

 

Art and Culture in Panama: A short guide for expats and visitors

People who are planning on relocating to Panama, or even just visiting there, have lots of different tastes when it comes to what to do and how to spend their time. Of course, Panama is largely known for its economy, nature and wildlife areas, beaches (and beach resorts), and banking, but those who live here also know it for its magnificent art and culture.

What constitutes art and culture in Panama?
Yes, the term “art” is as ambiguous as the term “culture”, but in this case, the reference is referring to visual art (paintings, cinema, sculptures, etc.), architecture, music, and dance, done by locals in a way that represents Panamanian culture now and throughout history. In this sense, Panama’s artistic riches can be found throughout the country, from the city to the hills of Chiriqui and everywhere in between. Panama’s most cherished art, when it comes to preservation and popularity, tends to be indigenous art, as it is truly unique to the country, and honors Panama’s indigenous roots. Colonial art is more prevalent in Panama City, but still an important historic reminder of the Spanish influence in the founding of modern Panama, and the country’s early roots to independence.

Source: International Relocation Firm Blog

 

International Relocation Firm Staff Writer

International Relocation Firm Staff Writer

As one of the leading Panama Law Firms, and one of the regions most reliable service providers, International Relocation Firm brings a wide range of professional knowledge to our clients needs. Our staff is made up of professional consultants, Panama attorneys and immigration specialists who are experienced in international relocation, and are experts in providing a seamless Panama immigration process.

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