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Government Sales Update - Public Auction Process Changed

May 7th, 2007 by Toly

Filed under Real Estate

Due to the change of the Panamanian Law and the implementation of the Law No. 22 from 2006, the Public Auction process will be changed according to Article 44 of such law. In the FUTURE any sale will take in place form of a REAL TIME AUCTION, where a qualifying bidder is able to compete and auction in presence the co-bidders, instead placing a “sealed offer”. (more…)

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