Panama Updates Its Horizontal Property Law

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On February 14, 2022, Law No. 284 of 2022 (“Law 284”) was enacted, repealing Law No. 31 of 2010 and becoming the governing provision of the horizontal property (“PH” as per its acronym in Spanish) regime.

Although Law 284 does not represent a substantial modification of the existing regime and it follows to a great extent the concepts, precepts, and normative structure of the previous law, it contains some important modifications which look to improve the coexistence parameters among the inhabitants of properties subject to the PH regime.

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