Bankers gain court victory over Panama City neighborhood

Residents of the exclusive neighborhood of Paitilla, Panama City, who in early August were celebrating a citizen victory over uncontrolled development are now facing  challenges from Panama’s powerful banking industry.

On August 11,  Panama’s Third Circuit Court of Civil Matters ordered partial revocation of the construction permit granted by the Construction Department of the Municipality of Panama to Shoreline Properties, and to Constructora Bahía,for the construction of  The Sea Point apartment towers.

The decision followed  representations by attorney Harley Mitchell, on behalf of residents for protection against the project on the grounds that it violated urban norms and usurped seashore belonging to the State.

Source: Newsroom Panama