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[Lawyer Fees II]
[Lawyers Fees III]
[Lawyer Fees IV]
[Lawyer Fees V]
[Lawyer Fees VI]
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TRANSLATION: Rate of Minimum
Professional Fees for Lawyers in the Republic of Panama
Part IV: Commercial Law; Ministry of Economy & Finance;
Ministry of Housing
Contents:
I.
preliminary provisions
administrative matters:
Immigration |
ministry of commerce |
securities commission |
maritime authority
|
judicial review |
other
II.
regulatory ombudsman |
consumer affairs
electoral tribunal:
administrative |
electoral jurisdiction
III.
consultations and opinions:
preparation of resolutions |
preparation of legal documents |
title searches
sanitary law | labour
law
IV.
commercial law:
commercial litigation |
banking superintendence |
insurance superintendence
ministry of economy and finance |
ministry of housing |
other matters
V.
procedural law (civil and commercial):
summary proceedings |
ordinary proceedings |
ex-parte proceedings |
probate proceedings |
commercial courts |
maritime courts |
special proceedings |
special appeals |
family and children's court |
minors |
division of assets |
special cases of presumption
VI.
criminal procedure:
consultations |
assistance |
preparation of complaints |
defence in criminal proceedings |
complaints and victim protection |
representation before police authorities
| 1. |
Minimum Hourly Rate |
|
$150.00 |
| 2. |
Consultation or Opinion |
|
|
| |
a) Verbal Consultation |
|
$100.00 |
| |
b) Consultation or written opinion |
|
$250.00 |
| |
c) Consultation about extensive matters |
|
$500.00 |
| 3. |
Incorporation of Legal Persons |
|
|
| |
a) Collective, limited partnership, and limited
responsibility |
|
$500.00 |
| |
b) Joint-stock company |
|
$500.00 |
| |
c) Stock company |
|
$500.00 |
| |
d) Private Interest Foundation |
|
$1,000.00 |
| |
e) Pension Fund Administrator |
|
$5,000.00 |
| 4. |
Preparation of Bylaws for corporations and associations |
|
$500.00 |
| |
a) recognition of not for profit association |
|
$300.00 |
| |
b) recognition of education association, as NGO or social
welfare, labour, etc. |
|
$300.00 |
| 5. |
Preparation of minutes for corporations and associations |
|
$250.00 |
| 6. |
Preparation of power for corporations and associations |
|
$250.00 |
| 7. |
Dissolution of corporations and associations |
|
$500.00 |
| 8. |
Certificate from the Public Registry about good standing
and existence of corporation or association |
|
$100.00 |
| 9. |
Provision of directors for corporation |
annual |
|
| |
a) if lawyers |
|
$300.00 |
| |
b) if not lawyers |
|
$150.00 |
| |
c) if the lawyer is the president or legal representative |
|
$500.00 |
| 10. |
Registered agent |
annual |
$250.00 |
| 11. |
Advice in the organisation and celebration of Assembly or
Board of Directors of corporations or associations, including attending the
meeting, drafting of minutes and further representation |
|
|
| |
a) in the lawyers office |
|
$250.00 |
| |
b) out of the office |
|
$300.00 |
| |
NOTE: If the representation is undertaken
out of the country, the rate may be increased proportionally |
| 12. |
Advice for the process of issuance of company shares |
|
$300.00 |
| 1. |
Precautionary Measures for Industrial Property, first
instance |
* |
$1,500.00 |
| 2. |
Cancellations, annulments, disloyal competition,
justification of cause of action, prohibition of use, etc. in first instance
or only instance |
* |
$1,500.00 |
| 3. |
In second instance |
* |
$2,000.00 |
| 4. |
Pre-trial judicial inspection |
|
$1,000.00 |
| 5. |
Pre-trial expert testimony |
|
$1,000.00 |
| 6. |
Hourly fees |
|
$200.00 |
Credit Card Form | Estate Planning | Foundations | Pma IBC | Pma Business Corp | Lawyer Fees | Immigration Fees | Real Estate
Lawyer Fees II | Lawyers Fees III | Lawyer Fees IV | Lawyer Fees V | Lawyer Fees VI
| 1. |
Obtaining a Banking License |
|
|
| |
a). General |
|
$25,000.00 |
| |
b). International |
|
$25,000.00 |
| |
c). Representation |
|
$25,000.00 |
| 2. |
External advice to Banks |
monthly |
$1,000.00 |
| 3. |
Obtaining a banking license (additional) |
|
$12,500.00 |
| 4. |
Cancellation of Banking License |
|
$12,500.00 |
| 5. |
Administrative applications before the Banking
Superintendence, such as complaints for deficiencies in service, opening
branches, etc. |
|
$500.00 |
| 6. |
Establishment of Trusts |
|
$2,000.00 |
| 7. |
Application for license as Trustee |
|
$15,000.00 |
| 8. |
Registered Agent for Trust |
annual |
$300.00 |
| 9. |
Administrative consulting before the Banking
Superintendence, including appeals against resolutions |
hourly |
$150.00 |
| 1. |
Obtaining a License for Insurance Brokers |
|
|
| |
a). Natural Person |
|
$200.00 |
| |
b). Legal Person |
|
$500.00 |
| 2. |
Obtaining the Insurance Companies License |
|
$2,500.00 |
| 3. |
Obtaining a Reinsurance Companies License |
|
$3,500.00 |
| 4. |
Processing the assignment of the insurance or reinsurance
portfolio |
|
$2,500.00 |
| 5. |
Processing the approval of policies or endorsements |
|
$500.00 |
| 6. |
Obtaining the license for captive insurance and
administrator of captive insurances |
|
$2,500.00 |
| 7. |
Obtaining a license for insurance administrator and
insurance brokers |
|
$2,500.00 |
| 8. |
Administrative appeals before the Superintendence or
Technical Council of Insurance and Reinsurance |
|
|
| |
a) reconsideration |
|
$300.00 |
| |
b) appeal |
|
$500.00 |
| 9. |
Processing an inquiry |
|
$300.00 |
| 10. |
Other proceedings |
|
as agreed |
Credit Card Form | Estate Planning | Foundations | Pma IBC | Pma Business Corp | Lawyer Fees | Immigration Fees | Real Estate
Lawyer Fees II | Lawyers Fees III | Lawyer Fees IV | Lawyer Fees V | Lawyer Fees VI
| 1. |
Requesting a Tax Exemption on Real Estate (per property) |
|
$300.00 |
| 2. |
Exemption from the payment of land transfer taxes (per
property) |
natural person |
$250.00 |
| |
|
legal person |
$350.00 |
| 3. |
Payment of Government Fees and getting Certificate of Good
Standing or Good Standing for Property |
|
$100.00 |
| 4. |
Getting resolution of tax exemption for donations |
|
$300.00 |
| 5. |
Process for Prescription of National Taxes |
up to $5,000.00 |
25% |
| |
|
over $5,000.00 |
20% |
| 6. |
Proceedings for tax liens |
reconsideration |
$1,000.00 |
| |
|
appeal |
$2,000.00 |
| |
In both of the above cases, the parties may agree on a
percentage of the results, in addition to the fees established above. |
| 7. |
Negotiating and processing contracts with the National |
|
$1,500.00 |
| |
or according to the time spent and importance of the
contract |
| 8. |
Processing approval for raffles, draws, etc. before the
Games Control Board |
|
$500.00 |
| |
|
or as agreed |
| 9. |
Reconsideration and Appeal of Games Control Board
resolutions |
each instance |
$300.00 |
| 10. |
Permits to operate Gaming Houses |
|
$5,000.00 |
| 11. |
Proceedings for Tax Fraud or Contraband |
|
$1,000.00 |
| |
|
or hourly |
$150.00 |
| 12 |
Permits to install Customs Storage areas |
|
$1,500.00 |
| 13. |
Permits to transport insured goods |
|
$500.00 |
| 14. |
Processing and applications before the Customs Department |
|
$300.00 |
| 1. |
Drafting Lease Agreement |
Residential |
$50.00 |
| |
|
Commercial |
$100.00 |
| 2. |
Request for eviction before the Housing Commission |
no appeal |
$150.00 |
| 3. |
Request for eviction before the Housing Commission |
with appeal |
$250.00 |
| 4. |
Request for eviction under Court Order, before the Housing
Commission |
|
$200.00 |
| 5. |
Request for increase of rent |
|
$500.00 |
| 6. |
Incorporation into Horizontal Property Regime |
|
$3,000.00 |
| 7. |
Modification of the Horizontal Property Bylaws |
|
$500.00 |
| 8. |
Processing complaints before the Housing Commission |
|
$200.00 |
| 9. |
Processing direct debits |
|
$200.00 |
| 10. |
Processing return of deposits |
|
$200.00 |
| 11. |
Request for re-zoning |
no appeal |
$500.00 |
| 12. |
Request for re-zoning |
with appeal |
$1,000.00 |
| 14. |
Request Certifications |
|
$150.00 |
| 15. |
Return of illegal rent increases |
by agreement |
| 16. |
Process for Condemning and Rebuilding |
|
$300.00 |
Credit Card Form | Estate Planning | Foundations | Pma IBC | Pma Business Corp | Lawyer Fees | Immigration Fees | Real Estate
Lawyer Fees II | Lawyers Fees III | Lawyer Fees IV | Lawyer Fees V | Lawyer Fees VI
In any other matters where lawyers represent the client, whether representing
special interests or their own, where the rate is not established above, the
lawyers shall charge for their services a minimum hourly rate of $150.00 per
hour of work or representation.
[The rest of the Rates of Professional Fees have been published in separate
pages, in order to keep the size of the document smaller and easier to download].
commercial law:
commercial litigation |
banking superintendence |
insurance superintendence
ministry of economy and finance |
ministry of housing |
other
matters
procedural law (civil and commercial):
summary proceedings |
ordinary proceedings |
ex-parte proceedings |
probate proceedings |
commercial courts |
maritime courts |
special proceedings |
special appeals |
family and children's court |
minors |
division of assets |
special cases of presumption
criminal procedure:
consultations |
assistance |
preparation of complaints |
defence in criminal proceedings |
complaints and victim protection |
representation before police authorities
See also:
Billing Policy | Billing
Fees | Guidelines
for Services | Letters of
Engagement
Last edited:
08-May-2009
|
