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Law Firm Pushes US Investment Through Titling Process in Pedasi Panama
Panama City, Panama (PRWEB) June 27, 2007 -- Castillero & Castillero a law firm based in Chitre, Azuero recently disclosed a partnership with Ocean Legacy S.A. to conduct legal due diligence investigations for coastal land investment acquisitions on the Azuero Peninsula. Castillero & Castillero has 12 years experience operating in the Azuero Peninsula and instrumental in some of the largest developments of Panama's famed Pedasi coastline.
"Stability in the purchase process is critical in the development of Panama's coastline. In particular the titling process of beach front property," says Attorney Alejandro Castillero (who also holds a Masters degree in International Banking and Financial Law from Boston University). He adds, "We research properties everyday that are purchased as derecho possesorio (possesionary rights) and then must go through the titling process. We don't sugarcoat representations made to clients, the process is slow and tedious but the rewards far outweigh the bureaucratic process."
Munroe and Chew (www.munroeandchew.com) a law firm developing a niche with investment bankers investing in Panama real estate has addressed the titling process in Pedasi, Panama. Earl Munroe, Senior Partner says "What we do is bridge the cultural gap between our clients and reputable companies in Latin America. Our success comes from introducing clients to people in Latin America that have a visible track record in their industry and have an unblemished reputation. If we do not see a clear path between our client's objective and our resources, to be able to obtain results, we do not proceed any further. In our experience with Ocean Legacy, their company has excelled in achieving our clients goals with meticulous attention to detail and unmatched knowledge of the real estate titling process in Panama."
Ocean Legacy S.A. ( www.panamavacationrealestate.com ) is a real estate company dedicated to the growth of Panama's Azuero Peninsula. "We hope this strategic alliance and partnership helps us to establish realistic expectations with the titling process and furthermore avoid any pitfalls or misperception with regards to the coastal real estate acquisition process", says Jose Goldner, Principle of Ocean Legacy. Alejandro Castillero adds "There are very serious misunderstandings in regards to derecho possesorio (possesionary rights), among them is the concern about expropriation. We have never seen anyone get expropriated from a thoroughly researched oceanfront property." Castillero goes on to say"Panama has a well established democracy, a flourishing economy and investments in Panama have never been more secure."
Brian Piantadosi
Ocean Legacy General Manager
www.PanamaVacationRealEstate.com
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