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Press releases and law firm thought leadership

This page is dedicated to keeping readers informed of the latest news and thought leadership articles from law firms across the globe.

If your firm wishes to publish press releases or articles, please contact Shehab Khurshid on +44 (0) 207 396 5689 or shehab.khurshid@legalease.co.uk

 

Legal Developments Worldwide

Articles contributed by VdA- Vieira de Almeida

View the listing for VdA- Vieira de Almeida

MOZAMBIQUE | VAT CODE AMENDED

October 2017 - Corporate & Commercial. Legal Developments by VdA- Vieira de Almeida.

More articles by this firm.

Law no. 13/2016, of 30 December 2016, which amended and republished the Mozambican VAT Code, was recently rectified by a Notice, dated June 8th.

ARTICLE 29 WORKING PARTY GUIDELINES ON THE EU GENERAL DATA PROTECTION REGULATION

October 2017 - TMT ( Technology, Media & Telecoms). Legal Developments by VdA- Vieira de Almeida.

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In order to clarify some of the new obligations stemming from the EU General Data Protection Regulation (“GDPR”), which will apply as of 25th May 2018, the Article 29 Working Party (“WP29”) – the independent European consulting body for data protection issues – recently issued its “Guidance on Data Protection Impact Assessment (“DPIA”)”. This document will be available for public consultation until 23rd May, 2017.

CNPD APPROVES 10 MEASURES TO PREPARE FOR THE GENERAL DATA PROTECTION REGULATION

October 2017 - TMT ( Technology, Media & Telecoms). Legal Developments by VdA- Vieira de Almeida.

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On 28th January, 2017, the Portuguese Data Protection Authority (Comissão Nacional de Proteção de Dados/CNPD) published a document establishing 10 measures for entities to prepare for the application of the General Data Protection Regulation (“GDPR”).

Since the GDPR will apply from 25 May 2018 onwards, CNPD points out that both public and private entities should begin to implement internal procedures and mechanisms so as to ensure compliance with the new data processing.

ANGOLA | NEW REGULATION ON THE LICENSING OF ESTABLISHMENTS AND OF COMMERCIAL ACTIVITY

October 2017 - Corporate & Commercial. Legal Developments by VdA- Vieira de Almeida.

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Presidential Decree no. 193/17, which approves the Regulation on the Licensing of Establishments and of Commercial Activity and Market Services (“Regulation”), was published on 22 August. The Regulation, which will enter into force on 21 October (60 days after its publication), establishes the conditions and procedures governing the licensing of commercial activities and market services, as well as the licensing of the respective establishments, revoking Presidential Decree no. 288/10, of 30 November (Regulation on the Licensing of Commercial Activity and the Provision of Market Services), as well as all prior regulations on the matter contrary to the provisions of the new Regulation.

MOZAMBIQUE | PETROLEUM PRODUCTS SUPPLY

October 2017 - Projects, Energy & Natural Resources. Legal Developments by VdA- Vieira de Almeida.

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Ministerial Statute 50/2017, of 11 July 2017, sets forth the measures approved by the Ministry of Mineral Resources and Energy to streamline petroleum products’ import into and supply to the country and ensure fuel supply safety, regularity and quality. The newly approved measures obviously have a direct impact on distributors, but also affect suppliers, IMOPETRO, commercial banks operating in-country and the Banco de Moçambique (“BdM”).

Mozambique VAT Code Amended

October 2017 - Corporate & Commercial. Legal Developments by VdA- Vieira de Almeida.

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Law no. 13/2016, of 30 December 2016, which amended and republished the Mozambican VAT Code, was recently rectified by a Notice, dated June 8th.

COMPANIES CODE AMENDED

October 2017 - Corporate & Commercial. Legal Developments by VdA- Vieira de Almeida.

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Decree-Law 79/2017, of 30 June 2017, was published last Friday and amends both the Insolvency and Corporate Recovery Code and the Companies Code, in order to implement the goals of the “Programa Capitalizar” approved by Council of Ministers Resolution 42/2016, of 18 August 2016

ANGOLA | SIGNIFICANT AMENDMENTS TO REGULATIONS ON THE PERFORMANCE OF A PROFESSIONAL

October 2017 - Employment. Legal Developments by VdA- Vieira de Almeida.

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Please be aware that a new Presidential Decree has been published on 24th of April (Presidential Decree 79/17 of 24 April) which, among others, introduces the following significant amendments to former Presidential decree 43/17 of 6 March (regulations on the performance of a professional activity by nonresident foreign employees ):

PROHIBITION ON ISSUE OF BEARER SHARES

October 2017 - Corporate & Commercial. Legal Developments by VdA- Vieira de Almeida.

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Bearer securities have been prohibited under Law 15/2017, of May 3, 2017, published today. The Companies Code
and the Securities Code have been amended in order to implement this measure.

Law 15/2017 – which takes effect tomorrow – greatly impacts limited liability companies by shares by eliminating
bearer shares and allowing nominative shares only

ANGOLA | NEW REGULATIONS ON THE PERFORMANCE OF A PROFESSIONAL ACTIVITY BY NON-RESIDENT

October 2017 - Employment. Legal Developments by VdA- Vieira de Almeida.

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Presidential Decree 43/17, of 6 March 2017 (“DP 43/17”) just enacted new regulations on the performance
of a professional activity by non-resident foreign workers, repealing former Decrees 5/95, of 7 April 1995
and 6/01, of 19 January 2001.

ANGOLA | LAW ON THE PROTECTION OF NETWORKS AND INFORMATION SYSTEMS

October 2017 - TMT ( Technology, Media & Telecoms). Legal Developments by VdA- Vieira de Almeida.

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Law No. 7/17, concerning the Protection of Networks and Information Systems (LPNIS) was recently published in the Official Gazette, which imposes a set of new obligations to several players in the Angola market. Electronic communication undertakings, information society service providers, primary storage service providers, critical infrastructure service providers (e.g., entities responsible for supply chains, health, security and utilities), as well as entities providing critical social functions (financial sector, transportation, Oil&Gas) are now subject to obligations in what concerns information and information systems protection and security, storage of data, data retention for investigation purposes, cooperation with the competent authority and interception of communications, depending on the scope of activity carried out.

New Insurance Contract Legal Framework - Impact on the Bancassurance’s activity

March 2009 - Finance. Legal Developments by VdA- Vieira de Almeida.

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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.