Law 23 Will Be Changed To Prevent "Cheating" in Buying Land
(Panama-Guide) By Ereida Prieto-Barreiro for the Panama America - The proposed amendments, according to the government, intend to benefit the poorest land owners on islands and along Panama's coasts. The government is preparing a draft bill to amend Law Number 23, in order to exclude from its benefits corporations that have "hijacked" lands with a high potential for tourism in different parts of the country. Law 23 was approved in Panama's National Assembly on 21 April 2009 and later signed into law by then president Martin Torrijos, with the intention of allowing mainly poor people with little income to obtain titled ownership of the lands they have occupied for many years.
