Legal Question in Business Law in Spain
Term of power of attorney issued in Panama / Spanish Law?
We have a power of attorney from Panamian company which does not explicitly state the term of powers. It has only the date of issue. Is there any limit of term of validity of such a power of attorney or the term is indefinite? We heard that the Law in Panama is Spanish.
Asked on 3/28/07, 5:07 am
1 Answer from Attorneys
Sergei Makarchuk
Sergei Mkarchuk Law Office
Re: Term of power of attorney issued in Panama / Spanish Law?
According to Belarusian/Russian Civil Code the power of attorney which contain only the date of issue is valid only for one year from the date of issue.
Answered on 3/28/07, 6:42 am
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