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Panama has fallen behind in the subject of personal data protection. The recent attempt to pass a law on the subject ended with the rejection of the bill and its return to the executive branch to add the recommendations made during the legislative process. This paper compares the bill with various foreign laws that regulate personal data protection. While the bill serves as starting point nevertheless it must be said that it lacked various common principles found in comparative law. Such failings would become an obstacle to achieve the goals established therein. Thus, it is necessary to reaffirm the goals and obligations of Panama regarding this matter and to establish rules that are in line with recognized global standards.