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Can a Foundations assets be seized or subject to garnishment?

April 26, 2017assets foundation garnishment seized Subject

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Can a Foundations assets be seized or subject to garnishment?

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Law 25 of 1995 regulates the Private Interest Foundations of Panama and it guarantees that no assets can be seized or are subject to garnishment for the Founder’s obligations. On the other hand, they can be seized to cover the Foundation’s obligations.