Panama is a country under the rule of law in keeping with the US model and when it comes to legal security for property and real estate transactions it has the same standard as Germany and other European countries. This is underscored not the least by the Investment Protection Agreement which Germany has maintained with Panama since 1989. Germany does not conclude any investment protection agreements with countries whose rule of law is not beyond all possible doubt.
All of the properties which TIMBERFARM owns and which are held by TIMBERFARM Assets AG, are entered in the Panamanian land registry and documented. They are moreover free of any liens.