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Panama Non-Resident Corporations

United States invasion of Panama
Main article: United States invasion of Panama
Aftermath of urban warfare during the U.S. invasion of
PanamaOn 20 December 1989, twenty-seven thousand U.S.
personnel invaded Panama in order to remove Manuel
Noriega.[2] A few hours before the invasion, in a ceremony
that took place inside a U.S. military base in the former
Panama Canal Zone, Guillermo Endara was sworn in as the new
President of Panama. The invasion occurred ten years before
the Panama Canal administration was to be turned over to
Panamanian authorities, according to the timetable set up by
the Torrijos-Carter Treaties. During the fighting, between
one thousand[3] and four thousand Panamanians[4] [5], mostly
civilians, were killed.
Noriega surrendered to the American military shortly after,
and was taken to Florida to be formally extradited and
charged by U.S. federal authorities on drug and racketeering
charges. He became eligible for parole on September 9, 2007,
but remained in custody while his lawyers fought an
extradition request from France. Critics have pointed out
that many of Noriega's former allies remain in power in
Panama.
Post-Invasion
Under the Torrijos-Carter Treaties, the United States turned
over all canal-related lands to Panama on 31 December 1999,
but reserves the right to military intervention in the
interest of its national security. Panama also gained
control of canal-related buildings and infrastructure as
well as full administration of the canal.
The people of Panama have already approved the widening of
the canal which, after completion, will allow for
post-Panamax vessels to travel through it, increasing the
number of ships that currently use the canal.

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