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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

 

ANGOLA | VALUE ADDED TAX

April 2019. Press Releases by VdA- Vieira de Almeida (view listing).

25 January 2019

The Angolan National Assembly approved a bill enacting the new Value Added Tax (“VAT”) Code.

The approved VAT model is a multi-stage tax that encompasses the entire economic chain. Inspired by the European VAT model, the new tax should replace the current Consumption Tax as well as bring about a few adjustments to the Stamp Duty Code.

Read more…

COMPETITION AUTHORITY CREATED IN ANGOLA

April 2019. Press Releases by VdA- Vieira de Almeida (view listing).

January 2019

On 21 December 2018, Presidential Decree 313/18 approving the bylaws of the Angolan Competition Regulatory Authority (“CRA”) was published, putting in place the last piece of the Angolan competition law regime.

The decree completes the Angolan Competition Act (“ACA”), of 10 May 2018 (see Flash here), and the corresponding Regulation, approved by Presidential Decree 240/18, of 12 October 2018 (“Regulation”).

Read more…

PRIVACY, DATA PROTECTION & CYBERSECURITY

March 2019. Press Releases by VdA- Vieira de Almeida (view listing).

19 February 2018

COMMISSION COMMUNICATION – GUIDANCE ON THE DIRECT APPLICATION OF THE GENERAL DATA PROTECTION REGULATION

The European Commission (the “Commission”) has issued, on the 24 January, a Communication containing guidance in view of facilitating the direct application of the General Data Protection Regulation (“GDPR”) in all the European Union (the “EU”) as of 25 May 2018 (the “Communication”). Simultaneously, the Commission has also published a set of GDPR-related Q&A and an online tool to help companies – focusing on SMEs -, citizens and public administrations understand the new rules.

Read more…

BEWARE OF RPM – COMMISSION ISSUES FINES FOR ONLINE RESALE PRICE-FIXING

March 2019. Press Releases by VdA- Vieira de Almeida (view listing).

July 31, 2018

On 24th July 2018, the European Commission (EC) issued four decisions fining Asus, Philips, Denon & Marantz and Pioneer, for a total of 111 million EUR, for fixing or establishing minimum resale prices on online retailers, a commercial practice also known as resale price maintenance (RPM). According to the EC, such RPM practices restricted online retailers’ ability to set their own retail prices for widely used consumer electronics product infringing EU competition rules.

Read more…

MOZAMBIQUE ENVIRONMENT

November 2018. Press Releases by VdA- Vieira de Almeida (view listing).

MOZAMBIQUE: ENVIRONMENT | NEW REGULATION ON THE EXTENDED RESPONSIBILITY OF PRODUCERS AND IMPORTERS OF PACKAGING

On 29 December 2017, Decree 79/2017, of 28 December 2017,/strong>, approving the Regulation on the Extended Responsibility of Producers and Importers of Packaging (the “Regulation”), came into force.

The Regulation’s objective is the adoption of principles, rules and guidelines to increase the responsibility of producers and importers of packaging in order to safeguard the environment and public health, in the context of sustainable development.

Read more…

ANGOLA | AMENDMENTS TO THE LEGAL FRAMEWORK GOVERNING REGISTRATION

November 2018. Press Releases by VdA- Vieira de Almeida (view listing).

ANGOLA | AMENDMENTS TO THE LEGAL FRAMEWORK GOVERNING REGISTRATION WITH AND CONTRIBUTIONS TO THE MANDATORY SOCIAL SECURITY SYSTEM

Presidential Decree 227/18, of 27 September 2018, which will come into force on 27 December 2018, repealed Decree 38/08, of 19 June 2008, and significantly amended the Legal Framework governing Registration with and Contributions to the Mandatory Social Security System. Important amendments include:

Read more…

ANGOLA: MARGINAL FIELDS DECREE

November 2018. Press Releases by VdA- Vieira de Almeida (view listing).

Presidential Legislative Decree 6/18, of 18 May 2018 (“PLD 6/18”) enacted the Marginal Fields Decree.

Below you will find an overview of PLD 6/18.

Read more…

BANKING & FINANCE: NEW BNA INSTRUCTIONS ON EXCHANGE RATE POLICY

November 2018. Press Releases by VdA- Vieira de Almeida (view listing).

INSTRUCTION NO. 01/2018

  • Establishes, among other provisions, that the sale and purchase of foreign currency shall be carried out through auctions, via the SGMC, and also defines the access requirements for participation of Commercial Banks in these auctions and the procedures they should observe in this regard.
  • This Instruction, which entered into force yesterday, repeals Instruction no. 10/2105.

Read more…

COMPETITION & EU: ANGOLA APPROVES COMPETITION ACT

November 2018. Press Releases by VdA- Vieira de Almeida (view listing).

On 18 April 2018, the National Assembly of Angola approved the Competition Act (the “Act”).

The safeguard of sound competition between economic agents aims at fully implementing a market economy, stimulating the Angolan economy and improving the standing of Angola in the “Doing Business” international rankings. The Act is applicable to all economic sectors, thus covering private, public and cooperative undertakings, as well as business associations.

Read more…

WHAT IS NEW IN PUBLIC PROCUREMENT IN ANGOLA: PUBLIC PROCUREMENT UNIT AND PROJECT OR CONTRACT MANAGER

November 2018. Press Releases by VdA- Vieira de Almeida (view listing).

Presidential Decree 88/18 came into force on 6 April and establishes the rules for the organization and operation of the Unidades de Contratação Pública [Public Procurement Units] (“UCP”). These Units will intervene at the stages of formation and management of projects and contracts executed by Entidades Públicas Contratantes [Public Contracting Entities] (“EPC”), i.e., public entities (and state-owned companies) qualified as such in the Public Contracts Act.

Read more…

ANGOLA NEW RULES FOR OIL INDUSTRY PUBLIC TENDERS AND PROCUREMENT OF SUPPLIES/SERVICES

November 2018. Press Releases by VdA- Vieira de Almeida (view listing).

Presidential Decree 86/18, of 2 April 2018 (“PD 86/18”), introduced several modifications to the rules governing the following activities:

  • Public tenders for awarding of oil blocks
  • Procurement of supplies and services by oil operators

Below is a summary of the most significant changes by PD 86/18:

Read more…

ANGOLA NEW PRIVATE INVESTMENT LAW AND REGULATORY INVESTMENT AGENCY

November 2018. Press Releases by VdA- Vieira de Almeida (view listing).

1 - PRIVATE INVESTMENT LAW

HOT OFF THE PRESS: The Angolan National Assembly approved the new private investment regime by means of Law 10/18, of 26 June 2018 (“2018 PIL”)

Read more…

ANGOLA - NATURAL GAS FRAMEWORK LAW

November 2018. Press Releases by VdA- Vieira de Almeida (view listing).

Presidential Legislative Decree 7/18, of 18 May 2018 (“PLD 7/18”) enacted the Angola Natural Gas Framework Law. Below you will find an overview of PLD 7/18.

Read more…

ANGOLA | AMENDMENTS TO PRIVATE INVESTMENT RULES ON THE GOVERNMENT RADAR

November 2018. Press Releases by VdA- Vieira de Almeida (view listing).

A new organizational model for the carrying-out of private investment operations is currently being considered by the Angolan Government. The basis for this new model was recently published by the Technical Unit for Private Investment (“UTIP”) – a specialized unit established back in 2015, responsible for assisting the Head of the Executive with private investment related matters – in a document entitled the “New Private Investment Operational System Framework (“NPIOSF”). In a nutshell, the NPIOSF recommends the implementation of two structural changes to the existing framework:

Read more…

PROPOSAL FOR AMENDMENT - TRANSFER OF UNDERTAKINGS, BUSINESSES OR PARTS OF BUSINESSES

November 2018. Press Releases by VdA- Vieira de Almeida (view listing).

Today was promulgated by the President of the Portuguese Republic, the diploma of the Parliament amending the legal regime applicable to the transfer of undertakings, businesses or parts of businesses and that strengthens the rights of workers, proceeding to the amendment to the Labor Code, approved in annex to Law No. 7/2009, of 12 February

Read more…

RIGHT TO COMPENSATION FOR DAMAGES FROM INFRINGEMENTS OF COMPETITION LAW

November 2018. Press Releases by VdA- Vieira de Almeida (view listing).

Act 23/2018, establishing the legal framework on the right to compensation for damages from infringements of competition law, was published on 5 June 2018. This legislative act transposes into Portuguese law the Directive 2014/104/EU of the European Parliament and of the Council, of 26 November 2014, which established common rules to all Member States on actions for damages from infringements of competition law provisions.

Read more…

REGULATION OF THE BENEFICIAL OWNER CENTRAL REGISTER LEGAL REGIME

November 2018. Press Releases by VdA- Vieira de Almeida (view listing).

Ministerial Order 233/2018, of 21 August 2018 (“Ministerial Order 233/2018”), which regulates the legal regime of the Beneficial Owner Central Register (“BOCR”), enacted by Law 89/2017, of 21 August 2017 (“Law 89/2017”), enters into force today.

Read more…

PROGRAMA CAPITALIZAR (CAPITALIZE PROGRAM) – EXTRAJUDICIAL FRAMEWORK FOR BUSINESS RECOVERY

November 2018. Press Releases by VdA- Vieira de Almeida (view listing).

Law no 8/2018, of 2 March 2018 was published last Friday, establishing the Regime Extrajudicial de Recuperação de Empresas (Extrajudicial Framework for Business Recovery) (“RERE”), which is effective as of 3 March 2018.

Read more…

CONVERSION OF CREDITS INTO CAPITAL IN COMPANIES WITH A MINIMUM TURNOVER OF €1 MILLION

November 2018. Press Releases by VdA- Vieira de Almeida (view listing).

Law no. 7/2018, of 2 March 2018 was published last Friday, establishing a new legal framework for conversion of credits into capital.

Approved as part of the Programa Capitalizar (Capitalize Program) and effective as of 3 March, the Act affords companies and their creditors an extrajudicial recovery and restructuring avenue to act swiftly with regard to the capitalization of companies in a weak financial position but that are economically viable.

Read more…

NEW BASIC REGULATION ON COMMON RULES IN THE FIELD OF CIVIL AVIATION

November 2018. Press Releases by VdA- Vieira de Almeida (view listing).

NEW BASIC REGULATION ON COMMON RULES IN THE FIELD OF CIVIL AVIATION AND ESTABLISHING A EUROPEAN UNION AVIATION SAFETY AGENCY

On 11 September 2018 came into force the new Basic Regulation – Regulation (EU) 2018/1139 of the European Parliament and of the Council of 4 July 2018 on common rules in the field of civil aviation and establishing a European Union Aviation Safety Agency (“New Basic Regulation”) – that repealed the former Basic Regulation (Regulation 216/2008 of the European Parliament and of the Council).

Read more…

BEWARE OF RPM – COMMISSION ISSUES FINES FOR ONLINE RESALE PRICE-FIXING

November 2018. Press Releases by VdA- Vieira de Almeida (view listing).

On 24th July 2018, the European Commission (EC) issued four decisions fining Asus, Philips, Denon & Marantz and Pioneer, for a total of 111 million EUR, for fixing or establishing minimum resale prices on online retailers, a commercial practice also known as resale price maintenance (RPM).

According to the EC, such RPM practices restricted online retailers’ ability to set their own retail prices for widely used consumer electronics product infringing EU competition rules.

Read more…

GUIDANCE ON THE DIRECT APPLICATION OF THE GENERAL DATA PROTECTION REGULATION

November 2018. Press Releases by VdA- Vieira de Almeida (view listing).

The European Commission (the “Commission”) has issued, on the 24 January, a Communication containing guidance in view of facilitating the direct application of the General Data Protection Regulation (“GDPR”) in all the European Union (the “EU”) as of 25 May 2018 (the “Communication”). Simultaneously, the Commission has also published a set of GDPR-related Q&A and an online tool to help companies – focusing on SMEs -, citizens and public administrations understand the new rules.

Read more…

ANTI-MONEY LAUNDERING AND COMBATING TERRORIST FINANCING

November 2018. Press Releases by VdA- Vieira de Almeida (view listing).

On 26 September 2018, the Bank of Portugal issued Notice no. 2/2018 (“Notice 2/2018”), which sets out the conditions for compliance with the prevention of money laundering and combating terrorist financing (“AML/CTF”), complementing Law no. 83/2017 (“Law 83/2017”), regulating the means and mechanisms necessary for financial entities to comply with the duties set forth in Law no. 97/2017 (“Law 97/2017”).

Read more…

REGULATIONS ON ABANDONMENT AND DECOMMISSIONING OF UPSTREAM OIL AND GAS FACILITIES

November 2018. Press Releases by VdA- Vieira de Almeida (view listing).

Presidential Decree 91/18, of 10 April 2018 (“PD 91/18”) enacted the regulations on abandonment and decommissioning of upstream oil and gas facilities located in Angola.

Below you will find an overview of PD 91/18.

Read more…

Employment & Benefits

November 2018. Press Releases by VdA- Vieira de Almeida (view listing).

Update of the Social Support Indexation (IAS)’s value

It was published in the National Official Journey the Decree no. 21/2018 updating the annual Social Support Indexation (IAS)’s value, which is now € 428.90.

Read more…

Mozambique | Spectrum Auction

November 2018. Press Releases by VdA- Vieira de Almeida (view listing).

The Mozambique Government has recently published in the Official Gazette Resolution no. 12/2018, of April 25, determining the authorisation for the launch of an auction procedure for the grant of rights of use of radiofrequencies in the 800MHz, 1800MHz and 2600MHz bands. The base bidding prices shall be set by a Joint Order to be issued by the Ministers of Finances and Communications. The rules and procedures governing the auction shall be determined by INCM, the communications national regulatory authority.

Read more…

VdA announces new partners Ana Luís de Sousa and Catarina Pinto Correia

February 2018. Press Releases by VdA- Vieira de Almeida (view listing).

As of January 2018, Ana Luís de Sousa and Catarina Pinto Correia join VdA partnership.

Lawyers in, respectively, Projects - Infrastructures, Energy & Natural Resources and Public Law, these appointments stand for from the ongoing strategic commitment to reinforce the firm’s capabilities in core areas and develop new skills in key sectors of the economy, providing increased added value to our clients.

Read more…

VdA Legal Partners: exclusive partnership in Chad

February 2018. Press Releases by VdA- Vieira de Almeida (view listing).

On December 15, Vieira de Almeida entered into an exclusive partnership agreement with Cabinet BASSOUNDA & Partners - BP Partners, a Chadian law firm lead by Sylvanus Bassounda and Beti Kolossoum Nodjitan. BP Partners is one of the most prestigious law firms in Chad, with a widely acknowledged expertise in OHADA Law, Tax, Employment, Finance and Litigation.

Read more…

VdA has been appointed to preside over the Steering Committee of GRACE

February 2018. Press Releases by VdA- Vieira de Almeida (view listing).

VdA has been elected President of the Steering Committee of GRACE for the period 2018/2020. Partner Margarida Couto, shall take office on behalf of the firm.

GRACE (www.grace.pt) is a pioneering non-profit public interest organisation gathering over 160 companies of all sizes and across industries, engaged in deepening their social role, as well as promoting and developing Corporate Social Responsibility (CSR) in Portugal.

The appointment of VdA to lead GRACE for the next 3 years is a strong motive for institutional pride, as it recognises the role played by the firm in Portugal, in matters regarding CSR.

Note :

VdA carries out an extensive corporate social responsibility programme, organised around several axes, notably corporate volunteer work, empowerment of non-profit organisations and the provision of pro bono legal services. Throughout 2017, VdA provided over 7.000 hours of free legal services to over 100 non-profit organisations. Over the years, the number of hours allocated to the CSR Programme has steadily increased.

At the end of 2016, VdA launched the Vasco Vieira de Almeida Foundation, having as key mission to educate for citizenship and assert the key role education and knowledge play in the promotion of human rights and the Rule of Law. The Foundation is also engaged in strengthening VdA’s CSR Programme, while an organised expression of the exercise of citizenship, reinforcing VdA’s lawyers’ and staff sense of belonging to the community at large.

www.vda.pt

Angola | Cabo Verde | Congo | Democratic Republic of the Congo | Equatorial Guinea | Gabon | Guinea-Bissau | Mozambique | Portugal | Sao Tome and Principe | Timor-Leste

Read more…

CREDIT INTERMEDIATION AND THE PROVISION OF CONSULTANCY SERVICES

October 2017. Press Releases by VdA- Vieira de Almeida (view listing).

Decree-Law no. 81-C/2017, of 7 July, approved the regime governing Access to and Exercise of Credit Intermediary Activities and the Provision of Consultancy Services, which regulates the conditions, across the board, for the exercise of such activities in relation to any consumers in Portugal, regardless of the type and scope of credit agreement in question, having even transcended the reach of Directive no. 2014/17/EU on consumer credit agreements relating to residential immovable property, which it also partially transposed into Portuguese law.

Read more…

VdA is the only Iberian Firm to be included in the world ranking for Project Finance

December 2009. Press Releases by VdA- Vieira de Almeida (view listing).

Vieira de Almeida & Associados once again features prominently in the rankings organised by the “Dealogic Project Finance Review”, a magazine specialising in Project Finance operations.

Read more…

VdA signs protocol of collaboration with Criamar, the Social Welfare Association set up by the Pesta

December 2009. Press Releases by VdA- Vieira de Almeida (view listing).

As part of its Pro Bono and Social Responsibility Programme, VdA has signed a Protocol of Collaboration with CRIAMAR – A Social Welfare Association for the Development and Support of Children and Young People. Dr. João Carlos Abreu, President of the Association, has expressed his satisfaction and appreciation to VdA for this initiative.

Read more…

Recommendations IFLR1000

December 2009. Press Releases by VdA- Vieira de Almeida (view listing).

In the 2010 edition of the IFLR 1000 guide, VdA appears as Leading Firm in the areas of Banking and Project Finance. The firm is also distinguished by its work in the areas of Capital Markets and M&A areas.

Read more…

Tiago Marreiros Moreira Chair of the Tax Commission of the International Union of Lawyers

December 2009. Press Releases by VdA- Vieira de Almeida (view listing).

Tiago Marreiros Moreira, partner in VdA’s Tax practice area, has been appointed Chair of the Tax Commission at the International Union of Lawyers, an organisation whose membership includes over 200 Bar Associations and several thousand lawyers from over 110 countries around the world.

Read more…

VdA and APIFARMA organise conference

April 2009. Press Releases by VdA- Vieira de Almeida (view listing).

Apifarma, the Portuguese Pharmaceutical Industry Association, and VdA are holding a conference on 15 April on “The Importance of Protecting Industrial Property Rights in the Pharmaceutical Industry”.

Read more…

VdA advises on purchase of Enersis

December 2008. Press Releases by VdA- Vieira de Almeida (view listing).

Vieira de Almeida & Associados provided legal advice for the purchase of the wind farm portfolio of (the former) Enersis (which represents more than 25% of the wind farm energy market in Portugal), from the Australian group Babcock & Brown (B&B), in a transaction worth more than € 1,2 billion.

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Overall Law Firm of the year - 'ACQ 2008'

December 2008. Press Releases by VdA- Vieira de Almeida (view listing).

Vieira de Almeida & Associados has been voted 'Overall Law Firm of the year 2008 - Portugal' by Acquisition Finance Magazine (ACQ Finance Magazine), one of the most prestigious international publications specialised in the reporting and analysis of global financial operations and, more specifically, in the M&A (Mergers & Acquisitions) market.

Read more…

Newsletter: Projects, Energy and Natural Resources

August 2008. Press Releases by VdA- Vieira de Almeida (view listing).

Nowadays, while discussing energy policy it is inevitable to address the issue of the management of energy resources. Topics such as the reduction of the energy dependence and the environmental preservation have brought to light the matters of energy efficiency as an intrinsic element of the sustainable development of a country.

Read more…

Legal Developments by:
VDA

  • MOZAMBIQUE | VAT CODE AMENDED

    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.
    - VdA- Vieira de Almeida

Legal Developments in Portugal

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • MOZAMBIQUE | VAT CODE AMENDED

    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

    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

    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”).
  • ANGOLA | NEW REGULATION ON THE LICENSING OF ESTABLISHMENTS AND OF COMMERCIAL ACTIVITY

    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

    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

    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

    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

    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

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

    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.