CONVENTION TO ELIMINATE DOUBLE TAXATION BETWEEN ANGOLA AND CABO VERDE
The Republic of Angola and the Republic of Cape Verde have signed, on August 8, 2019, in Luanda, a Convention to eliminate Double Taxation of Income Taxes and to avoid Tax Evasion (DTT).
NEW RULES FOR NON-PERFORMING EXPOSURES SECURITISATIONS AND SYNTHETIC SECURITISATION
Regulation (EU) 2021/557 and Regulation (EU) 2021/558, both of 31 March 2021, approved relevant amendments to the Securitisation Regulation and to the Capital Requirements Regulation, respectively, which entail material adjustments to the securitisation framework and are intended to support the economic recovery in response to COVID-19 crisis.
ONLINE REGISTRATION FORM FOR SUPPLIERS OF THE OIL SECTOR
The National Petroleum, Gas and Biofuels Agency (“ANPG”), the National Concessionaire for the Angolan oil sector, has recently made available the online registration form for the sector’s suppliers
SETTLEMENT OF GOODS AND SERVICES SUPPLIED TO OWNERS OR OPERATORS OF FOREIGN-FLAGGED VESSELS
By means of Order No. 2/21, of 24 March 2021, the National Bank of Angola approved new terms and conditions for the settlement of goods and services supplied by local shipping agents (“Agents”) and port services providers (“PSPs”), to owners or operators of foreign flagged vessels calling Angola (“Maritime Operators”).
RESIDENCE PERMIT FOR INVESTMENT ACTIVITY: AMENDMENTS TO THE INVESTMENT REQUIREMENTS
Decree-Law 14/2021, of 12 February 2021 (“DL 14/2021”) amended the legal framework of residence permits for investment activity to encourage investment in inland areas, the creation of jobs and urban and cultural heritage re-qualification.
NEW RULES IN PORTUGAL ON ELECTRONIC DOCUMENTS AND IDENTITY
The legislation implementing in Portugal the European Regulation(1) on electronic identification and trust services for electronic transactions in the internal market has been approved and published.
THE NEW LEGAL REGIME FOR CYBERSECURITY APPROVED IN CABO VERDE
The regulation of the Cyberspace Security Legal Framework was published, with impact on operators of critical infrastructures and essential services, digital service providers and the Public Administration
BANK OF PORTUGAL PUBLISHES REPORTING MODEL FOR FINANCIAL ENTITIES OPERATING IN PORTUGAL UNDER THE FREEDOM TO PROVIDE SERVICES REGIME
On 14 January 2021, the Bank of Portugal published a new reporting model for financial entities operating in Portugal and having their head office in another European Union Member State, to be used to report on their activity carried out in Portugal under the free provision of services regime.
PIPC Sanctions Facebook and Netflix for Privacy Violations
On August 25, 2021, the Personal Information Protection Commission (PIPC) announced that it had imposed various administrative sanctions (i.e., administrative penalty surcharges totaling KRW 6.66 billion, administrative fines totaling KRW 29 million, corrective orders, improvement recommendations, and publications) on Facebook[1]and Netflix for violations of the Personal Information Protection Act (PIPA). Google was also investigated but …
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Transferring Personal Data Outside The EEEA? The Impact of The New Standard Contractual Clauses in Brief
If you are required to transfer personal data outside the EEA, you will be aware of the European Commission’s standard contractual clauses for controller to controller (C2C), and controller to processor (C2P) transfers. On 4th June 2021, the European Commission released its highly anticipated new standard contractual clauses (‘SCCs’) for the transfer of personal data …