Advice You - Business

All your transactions with a Panama Law Firm are covered by tight Attorney Client Privileged Communication. The lawyer/law firm can not reveal anything about the client or their transactions, business dealings, etc. unless specifically authorized by the client. The exception to this would be if ordered by a Panama Court which is a possibility but something very rarely seen.

Lawyers have to pass background checks from their government in addition to attending law school. The government knows who their lawyers are and reg

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

ulates them. Lawyers have obligations and fiduciary responsibilities to their clients.

We see many people buying corporations, trusts, etc. from non-lawyer web based businesses and also for bank accounts. It for some reason never occurs to the client that the entity they are doing business with has all their private financial information such as name of their company, ownership of the company, passports, bank and business reference letters, addresses, phones, email, business information, where their bank account is, etc

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

These entities they are doing business with have no binding legislation or regulations on them preventing them from revealing any of this information to whoever they wish to reveal it to. In most cases they could not protect the client if they wanted to since they have no privileged communication. If they got a phone call from a governmental agency from 6,000 miles away the chances are they would cave in and provide the requested information. These phone calls usually go like this: I am so and so Inspector with the Tax

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

Police of ABC country. Your country already knows that I am investigating this case. This means he sent an email to the government. I have a court order signed by a Judge would you like me to fax it over to you? This means the court order is as a rule almost never valid in the jurisdiction he is calling. Now when your friendly corporation registered agent says something cute like the court order is not from here and you have no authority here what he gets back sounds like this. If you fail to cooperate I will file a susp

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

cious criminal actions report with your police since for all we know you are the owners of the corporation in question and are the guilty parties and we will ask that you be investigated by your police. This is usually done in a threatening way since it is a bluff. Now the corporate agent thinking the last thing he needs is to be the subject of an investigation by his own police and has to hire a lawyer, etc. says, wait a minute what is it you want? Okay wait while I pull it up for you. This probably took 3-5 minutes and

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

your privacy is violated. No attorney client privilege means no downside for the corporate agent to cooperate. What would we say? We’d say there is attorney client privilege in Panama and you must get a court order from a Panama Judge ordering us to release any information about any client and then we’d hang up without providing any information.

Corporate Agents Offering corporations in Many Jurisdictions - Do not be deceived by firms that offer bank accounts and corporations from numerous countries. They are merely co

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

porate agents or resellers of corporations from these countries. It is not very hard to become a reseller in many of these countries. Their ploy for credibility is selling from many different countries so you see a big shopping list of jurisdictions and think they are a real credible operation when they are really nothing more than a relatively unregulated offshore corporation based in some tax haven selling you formations in different jurisdictions most of which are not any good for asset protection, corporate privacy,

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

or even bank secrecy. If you read through our web site you will soon realize that most if not all of these jurisdictions are “has been” privacy jurisdictions that are no longer private. They sell these products to people who are familiar with the jurisdiction from the past reputation but have not followed the recent changes in the laws relating to these jurisdictions in the post 9-11 world. If we knew of a better jurisdiction than Panama we would offer it!

Law Firms in Your Own Country - Be careful about using a law fir

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

in your own country even if they offer to set up an offshore structure for you. The weak link in the chain is the attorney is located in the country where you are. If you felt your country respected the individual’s right to privacy and operated a fair and equitable court system you would probably not be reading this.

Attacking Attorney Client Privilege - An adversary can attack the attorney client privilege claiming your attorney conspired with you or was complicit in some way in something you allegedly did like the f

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

raudulent conveyance of assets to avoid creditors, fraud, misrepresentation, tax violations pertaining to income tax, sales tax, property tax, gift tax, inheritance tax, probate tax, corporate tax, capital gains tax and other assorted and sundry taxes, creation of straw man trusts and other asset protection shams, money laundering, and the list can go on and on. We are not saying you did or should do such things, in fact you should not do such things, we are saying it can be alleged that you did such things and these all

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

gations in these non-privacy countries are enough to break the attorney client privilege you have with the attorney. Jurisdictions that do not respect privacy and do not have fair and equitable court systems are not going to let a thing like attorney client privilege stop a big law firm from taking away your assets in the name of justice.

Suing your Attorney - Let’s assume the judge not understanding too much about offshore structures says well I don’t see anything here to justify the violation of attorney client privil

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

ege, what do you think the other side does next, walk away and forget about you? Not so fast, they can smell your assets and want a big bite as soon as they can get it. They see a chink in your armor that they are not finished exploiting. The chink is you did not use an attorney in a privacy oriented jurisdiction even though you might have used an offshore structure in one. So now they just add your attorney into the lawsuit as an additional defendant alleging him or her to be a conspirator in the plot to defraud the cre

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

itor out of his pound of flesh he wishes to take from your life savings, real estate, business, estate, etc. This gives them a shot at piercing attorney client privilege which is to say the attorney used an offshore structure to make discovery impossible thus thwarting justice and is sheltering the defendants assets behind attorney client privilege as an another layer in the scheme to defraud their client from collecting his lawful court ordered debt by grabbing your assets. If the other side is motivated and has money t

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

hey will wear down your asset protection strategy until they can reach out and grab your assets. If you sued a lawyer in a privacy jurisdiction like Panama and did your formations there and banked there, you would be the one wearing down your adversary who would be getting frustrated spending time and money and getting nowhere in the Panama courts. They would be getting their cases dismissed for lack of jurisdiction, incorrect venue, etc. This could motivate your adversary to settle for pennies on the dollar after they h

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

d a very expensive taste of the Panama Courts, or they just decide they can’t penetrate your structure not even being sure what your structure is and plain give up. Using a lawyer in your own country to formulate your asset protection strategy is a weak link that should not be presented to a financial enemy. The same applies to using an attorney in another country where privacy and justice have disappeared. One privacy hating unfair jurisdiction can usually reach out to another privacy hating unfair jurisdiction and get

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

their assistance, alleging almost anything will work in these jurisdictions. Some of these countries actually respect the court orders from another country, all that is required is a trip to the local court to have the foreign court order rubber stamped and thus domesticated and made enforceable. This is common with money judgments from foreign countries in the privacy hating jurisdictions but you do not have much to worry about in Panama.

How to do it -Use a law firm only in the jurisdiction where your corporation, fou

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

dation and bank are located. This way not only can the law firm that did your asset protection structure help you if trouble comes knocking on your door but your confidential information is out of reach of the courts your financial enemies will use. Do not use a corporation agent or non-lawyer for your asset protection. There is no attorney client privilege.

Anonymity is your Friend - Anonymity is your first line of defense. Only use anonymous bearer share corporations or anonymous foundations where no ownership records

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

are in existence in any government registry (Panama). Panama Foundation assets are not sequesterable (not freezable). This makes discovery of ownership impossible even with a court order. Make sure the corporation or foundation need not file any tax returns and has no tax liabilities based on profit, income or assets (Panama). Tax returns could lead to an audit. Make sure the publicly recorded nominees of the corporation or foundation do not know the owners (Panama). Make sure there is tight Bank Secrecy (Panama has the

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

best in the world now). Make sure there is strong attorney client privilege ( Panama). Make sure the jurisdiction in question is in no tax treaties with any country (Panama). Make sure the jurisdiction in question allows for no fishing expeditions (Panama). Make sure the jurisdiction in question does not cooperate on fiscal offenses (Panama, in Panama all tax offenses are civil not criminal). Make sure the jurisdiction does not allow civil lawsuits concerning matters that did not take place in the jurisdiction to be trie

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

d in their courts just because the corporation, foundation or bank account is domiciled there (Panama). Make sure the jurisdiction is dependent on corporate privacy and bank secrecy for its economy (Panama has 400,000 corporations domiciled there and there are 150 banks in country whose population is 2.9 million people, employing 20% of the workforce.

Hello Panama, Goodbye Switzerland!

For more information on Panama Offshore Structures go to: http://www.panamalaw.org

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

When affirmative action categories are closely examined, we find that nearly everyone is covered in some form except one group--non-immigrant, non-Hispanic, able-bodied, heterosexual, white males. Diversity strategies can be implemented without these white men feeling left out or excluded. In fact, it is imperative for organizational morale that everyone feels included in your diversity plan.

When employee focus turns to major events outside the workplace (like the NCAA Basketball tournament, a major holiday or the Super Bowl to name a few) try the GAME approach as an antidote to lost productivity. Using the GAME approach in times of distractions can help managers lead more proactively, maintain or grow productivity and increase team morale.

In addition to the results, there are a number of other benefits to using the services of a Dallas office cleaning company. One of those other benefits is the time that you should be able to save. If you are currently not using the services of a professional Dallas office cleaning company, how is your office getting cleaned?

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Advice You - Why use a Panama Law Firm for your Offshore Structure

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