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Exercising Stock Options
Exercising Stock Options…....1
Summary of recently enacted
Legislation……………………3
Case Law ……………………..6
News in brief………………... 9
Minimum Share Capital Requirements for Limited Liability Companies Abolished
The Portuguese government issued a statue - Decree-Law 33/2011, of 7 March- amending the commercial companies code.
Insurance Law- SPS Sociedade de Ad vogados
“Portuguese Insurance Law is clearly divided into two main areas:” An area of private law, specially based on the insurance contract, which mainly lies upon the relationship between the insurer and its counterparties (policyholders, insured persons, and beneficiaries);
Country Q&A Portugal: Private Equity 2008/09
Country Q&A Portugal
Foreign Investment Company – A new business category in China
It is expected 2009 to be the year that the Ministry of Commerce of the People’s Republic of China will offer foreign investors new (and interesting) enterprise structure possibilities in China mainland.
Brussels: Part of the problem or part of the cure
Iberian lawyers in Brussels question the willingness of the European Commissions to be flexible in the face of the continuing financial crisis.
New Insurance Contract Legal Framework - Impact on the Bancassurance’s activity
Decree-law no. 72/2008, of 16 April - the new insurance contract legal framework ("DL 72/2008") - which entered into force on 1 January 2009, is a step forward in the Portuguese insurance sector regulation, not only because it covers regulation that was currently lacking in insurance legislation, but also because it sets forth new legislative solutions, in either case always reflecting the concern of granting an increased protection to consumers, the policyholders.
The success of private equity placements on the international markets
The internationalisation of financial markets has grown considerably over the past decades, with increased cross-border capital flows, tighter links between financial markets, and a greater commercial presence of foreign financial entities around the world. As international capital markets became more integrated, company’s started enjoying not only a tremendous amount of flexibility in deciding which type of security to issue to raise funds, but also in which location to issue these securities. An element of this globalisation trend has been, consequently, the access to global equity markets through the issuing, listing or placement of shares outside a company´s domestic market.
Working against time (Quotes by Luís Gouveia Fernandes)
Iberia is facing an increase in company restructuring and bankruptcies as a result of the pressure generated by the global financial crisis and a sharp downturn in some areas of the economy. A situation, say lawyers, that is testing the new insolvency regimes of both Spain and Portugal.
Financial Sector Stability - Legislative and Regulatory Actions
Within the context and as a reaction to the international financial turmoil, governments and regulators of the financial markets have been implementing extraordinary measures and taking other steps aimed at enhancing the regulatory environment of the sector and increasing investors' protection. The wide-ranging aim of these initiatives is to mitigate the detrimental effects of the current liquidity crisis, to promote financial stability and to restore investors' confidence in the financial markets.
Recent Developments in the Insurance Law
1- NEW LAW ON INSURANCE CONTRACTS
2- THE PURSUIT OF INSURANCE ACTIVITIES BY UNAUTHORISED ENTITIES
3- CONSUMER PROTECTION UNDER THE NEW LEGAL REGIME ON INSURANCE CONTRACTS: GENERAL DUTIES OF INFORMATION
4- INITIAL DECLARATION OF RISK
THE PUBLIC PRIVATE PARTNERSHIP REGIME
Public Private Partnerships, also known as PPP, constitute an innovative approach by the public administration to the construction of infrastructure projects and the provision of public services. The rationale behind PPP is the optimal combination of both public and private resources.
Insider Trading and Market ManipulationAmendments to the Public Offer’s Regime
The Portuguese Securities Code has been subject to, during 2006,significant amendments, through the incorporation of three European directives.
Consumer Provision of Financial Services
The protection of consumers with regard to distance contracts has been regulated since 2001 by Decree-Law No. 143/2001 of 26 April. However, this regime, being applicable to the generality of assets and services, expressly excludes financial services from its scope of application. As such, the necessity arose to set out a specific regime for distance contracts relating to financial services.
