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Articles contributed by SPS - Sociedade de Advogados
General overlook and guide-line to access authorization
1. General grasp on Portuguese Insurance Market Situation
As is widely known Portugal is experiencing a Financial Crisis and is being governed under the terms of the Memorandum of Understanding, in spite of this, Portugal remains a country with good business opportunities in several areas.
“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);
Employment Law in Portugal is regulated by new Labour Code, which came into effect on 17 February 2009. The code has been amended and enforced by four bills that have been approved on 7 May 2009, by the Council of Ministers in Portugal.