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 …
New Japanese Regulation on Telecommunications Businesses Provided by Foreign Business Operators
The Telecommunications Business Act of Japan (the “Act) provides a regulatory framework for telecommunications businesses. Recently, the number of platform services and other telecommunication services provided by foreign entities has greatly increased in Japan. As the number of these services continues to grow, massive data breaches and communication failures have occurred in the services provided …
IBC Brief – August, 2021
The Insolvency and Bankruptcy Code (Amendment) Bill, 2021 which replaces the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021 has been passed by both Houses of Parliament. The bill further amends the Insolvency and Bankruptcy Code, 2016, by inter alia, introducing Prepacked Insolvency Resolution Process (PPIRP) for micro, small and medium enterprises (MSMEs). The proposed amendment enables the government …
Farm protests put electricity bill in jeopardy
Authored by Abhishek Nath Tripathi and Vedant Kumar, Sarthak Advocates & Solicitors.
Reform agenda on the cards in new electricity policy
Authored by Mani Gupta and Vedant Kumar, Sarthak Advocates & Solicitors.