Angola: ENTRY INTO FORCE OF LAW NO. 19/19, OF 14 AUGUST, AMENDING THE ORGANIC LAW AND THE PROCEDURE
On August 14, 2019, Law no. 19/19, of the same date, entered into force, amending the Organic and Process Law of the Court of Auditors, Law no. 13/10, of July 9.
Angola: BID ANNOUNCEMENT FOR THE AWARD OF PETROLEUM CONCESSIONS
Pursuant to the Overall Strategy for the Awarding of Petroleum Concessions in the period 2019-2025, approved by Presidential Decree no. 52/19, of 18 February, the National Oil, Gas and Biofuels Agency (“ANPG”) has announced the international bidding process for ten oil blocks located at Benguela (block 10) and Namibe (blocks 11, 12, 13, 27, 28, …
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Angola: CUSTOMS TARIFF AND CUSTOMS CODE
NEW CUSTOMS TARIFF FOR IMPORT AND EXPORTDUTIES A new Customs Tariff for Import and Export Duties (“Customs Tariff”) was approved by Presidential Legislative Decree No. 10/19 of 29November. The new Customs Tariff is geared at the modernization of the Angolan customs system and aims to promote national production, attract investment and promote employment and national …
TIMOR-LESTE | PUBLIC TENDERING PROCEDURES FOR NEW PETROLEUM BLOCKS
Taur Matan Ruak, the Prime Minister of the Democratic Republic of Timor-Leste, has announced the Open Door Round of Timor-Leste, a public tendering procedure concerning the allocation of eighteen new blocks for petroleum activities. Seven of those blocks (blocks A to G) are located onshore, and eleven (blocks H to R) are located offshore, in …
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TIMOR-LESTE| SECOND AMENDMENT TO THE PETROLEUM ACT
By Law 6/2019, of 4th December 2019, the National Parliament approved a second amendment to the Petroleum Act (Law 13/2005, of 2 September 2005, as amend by Law 1/2019, of 18th January 2019), which entered into force on the 5th December 2019.
ANGOLA| APPROVAL OF NEW FOREIGN EXCHANGE POLICIES AND PRICING OF TRANSACTIONS IN FOREIGN CURRENCY
A series of Notices have been approved by the National Bank of Angola (Banco Nacional de Angola) to ensure transparency and balance of the foreign exchange market, the protection of consumer rights of financial services and products, as well as strengthening the process of standardisation of the foreign exchange market, having also been introduced the …
INTERVENTION OF HIGH COURTS IN PROCEEDINGS UNDER THE INSOLVENCY AND BANKRUPTCY CODE, 2016
Before the enactment of Insolvency and Bankruptcy Code, 2016 (Act No. 31 of 2016) (“IBC”), there was no single comprehensive law in India dealing with the insolvency and bankruptcy of companies, individual and partnership firms. Insolvency and bankruptcy of companies was dealt with in accordance with the Sick Industrial Companies (Special Provisions) Act, 1985 (“SICA”) …
SECURITISATION LEGAL FRAMEWORK
Law no. 69/2019, of 28 August (“Law”), was published yesterday in the Official Gazette of the Portuguese Republic. The Law provides for the execution in the Portuguese jurisdiction, of Regulation (EU) 2017/2402 of the European Parliament and of the Council of 12 December 2017 (“Regulation”), which lays down a general framework for securitisation and creates …
The Complex Commercial Litigation Review
Our Senior & Managing Partner, Stavros Pavlou, Senior Associates Katerina Philippidou and Andria Antoniou, and Athina Patsalidou, Associate, contribute the exclusive Cyprus chapter in Complex Commercial Litigation Review’s 2nd edition, in which expert practitioners from 23 jurisdictions provide their overview on litigation and arbitration of commercial disputes, contract formations and negotiations, fraud, misrepresentations and other …
ENFORCEMENT OF FOREIGN JUDGMENTS IN THE UAE
Simplifying and contributing to the judicial nexus worldwide: In a globalised era, where business operations transcend geographical boundaries, countries and governments enter into bilateral/multilateral conventions or treaties to aid reciprocal recognition and enforcement of foreign judgments. With people and assets easily operating across borders, there are a multitude of disputes affecting corporates and PSUs that …
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