July 10, 2023
Banco Nacional de Angola Notice 1/23 of 30 January (the “Notice”) was recently published and it establishes new rules for the opening, maintenance, operation and closing of bank accounts by individuals or legal entities.
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July 10, 2023
The purpose of this informative note is to highlight the recent publication of Decree-Law 20-A/2023 of 22 March, which establishes the general rules for the application of the Portugal 2030 European Funds and the Asylum, Migration and Integration Fund for the programming period 2021-2027.
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June 14, 2023
Ministerial Order 160/2023 of 12 June, which enters into force today, establishes the new list of reimbursed compounded medicines, with the addition of new reimbursed medicines to the list in force until now.
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June 1, 2023
Following the approval of Law 21/2023, of 25 May, introduced a regulatory framework that fosters the development of companies with a business model that has a strong innovation component and potential for future growth.
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Portugal
May 2, 2023
The Regulation also provides for the possibility of reviewing and consolidating all these matters not subject to repeal into a single, autonomous and simplified regulation.
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Portugal
May 1, 2023
Council of Ministers Resolution 34/2023 of 19 April 2023 was recently published to establish a system of financial incentives for large investment projects.
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Angola
April 25, 2023
Presidential Decree 95/23 was published on 6 April and approves the new legal framework for electronic communication and processing of tax proceedings and tax enforcement actions.
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Angola
April 18, 2023
The Regulation on Microcredit Companies and Microcredit Operators was approved by Presidential Decree 89/23 of 31 March. It repeals Presidential Decree 28/11 of 2 February and entered into force on 1 April.
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Portugal
March 21, 2023
On 2 March 2023, the Court of Justice of the European Union (“CJEU”) sets out criteria for interpreting the definition of “food for special medical purposes” and for distinguishing this concept from the concepts of “medicinal products” and “food supplements”.
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Portugal
March 14, 2023
The Government has published for public consultation the draft decree-law establishing the Voluntary Carbon Market (“VCM”). The importance of this proposal is justified by the objectives of avoiding “greenwashing” in the acquisition of carbon credits and increasing the confidence of investors and pu
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Portugal
March 5, 2023
Law 9/2023 (“Law 9/2023”) was published on 3 March and it introduces the following amendments to Decree-Law 15/93 of 22 January 1993, which approved the rules on trafficking and consumption of narcotic drugs and psychotropic substances (“Anti-Drugs Law”).
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Portugal
February 16, 2023
In May 2022, the European Commission submitted a proposal for a Regulation of the European Parliament and of the Council on the European Health Data Space (“EHDS”).
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Portugal
February 12, 2023
The public expenditure on medicines sold in pharmacies increased significantly in 2022 when compared to the previous year. At the same time, there were shortages of some medicines in pharmacies and, in many cases, this led to consumption being diverted to more expensive alternative medicines.
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Portugal
February 1, 2023
This alert memo provides an overview on the current competition enforcement landscape in Portugal. The Portuguese Competition Authority (PCA) had another very active year and there were significant developments with respect to private enforcement as well.
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Portugal
January 11, 2023
The European Commission started the formal process of adopting an adequacy decision on the EU-US framework for international data transfers.
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Portugal
January 10, 2023
The National Strategy for Connectivity in Very High Capacity Electronic Communications for the period 2023-2030 was published in the Official Gazette.
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Portugal
January 4, 2023
This is a mechanism to support the production of renewable gases injected into the public network by signing supply contracts between producers and the wholesale supplier of last resort (wSLR).
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Portugal
December 1, 2022
The Directive on Corporate Sustainability Reporting has been approved. This new Directive amends the Non-Financial Reporting Directive, which sets out rules on corporate sustainability reporting.
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Portugal
October 20, 2022
Law no. 19/2022, among other measures, establishes the rent update coefficient for the calendar year of 2023.
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Portugal
September 29, 2022
On September 16, 2022, Law 17/2022 came into effect, transposing the ECN+ Directive into Portuguese law (the "Revised Competition Act").
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Portugal
September 19, 2022
Regulation (EU) 536/2014 of the Parliament and of the Council of 16 April 2014 on clinical trials on medicinal products for human use introduced additional requirements for labeling investigational and auxiliary medicinal products.
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Portugal
September 19, 2022
The Portuguese National Authority for Medicines and Healthcare Products has recently adopted Decision 089/CD/2022 concerning the regulatory framework for acquiring medicines without a national Marketing Authorisation, intended exclusively for producing parenteral bags.
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Angola
September 7, 2022
Law 31/22, which approved the Angolan Code of Administrative Procedure, was published in the Official Gazette on August 30. This law has repealed Decree-Law 16-A/95 of December 15, which, in turn, approved the Rules of Administrative Procedure.
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Portugal
September 6, 2022
Portugal 2030 formalizes the Partnership Agreement between Portugal and the European Commission and sets the main strategic objectives for the application.
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Portugal
August 23, 2022
The draft diploma on the simplification of licenses and procedures for companies in the environmental area was submitted for public consultation on August 3.
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Portugal
August 23, 2022
The proposed new Regulation covers all substances of human origin applied to humans, regardless of whether they meet the definition of "blood," "tissue," or "cells."
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Mozambique
July 28, 2022
Law 12/2022 (the "New Electricity Law") establishes a new general organization of the electricity sector and the legal rules for electricity supply activities.
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Portugal
July 27, 2022
The Delegated Regulation adopts Level 2 regulation on the sustainability-related disclosures in the financial services regulation, or SFDR, enters into force on January 1, 2023.
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Portugal
July 27, 2022
This newsletter covers new developments in banking and finance, capital markets, and insurance law in Angola for the 2nd quarter of 2022.
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Portugal
July 25, 2022
Two laws were published to regulate the general framework for the prevention of corruption in the activity of companies.
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Portugal
July 20, 2022
The National Bank of Angola ("BNA") has approved new rules which provide that capital operations executed by legal persons no longer require prior approval from the BNA.
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Portugal
July 13, 2022
The State Budget Law for 2022 was published on June 27, 2022, and came into force the following day. SBL2022 is framed in a context of expectations for the country's economic recovery in what is hoped will be a post-pandemic period.
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Portugal
July 12, 2022
The list of extensions for the adaptation of municipal and inter-municipal introduces (new) rules on land classification and qualification contained in the Legal Framework for Territorial Management Instruments (Regime Jurídico dos Instrumentos de estão Territorial - "RGJIT").
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Portugal
March 31, 2022
The proposal for a directive on the recovery and resolution of insurance and reinsurance companies enshrines the no creditor worse off principle as provided for in the Bank Recovery and Resolution Directive ("BRRD").
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Portugal
April 29, 2021
"The electric mobility sector has witnessed significant developments and it has shown itself to be a particularly dynamic market that is enjoying strong growth.
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Portugal
December 10, 2020
On October 7, 2020, Judgment to Standardise Case Law of the Supreme Administrative Court no. 4/2020 was published in the official gazette, Diário da República. With this, the administrative courts will have jurisdiction over the judicial enforcement of administrative decisions which have imposed fines for violation of administrative law rules...
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Portugal
October 11, 2020
Since it was first published, the Decree-Law has been amended by Law 8/2020 of April 10, Decree-Law 26/2020 of June 16, Law 27-A/2020 of July 24 and Decree-Law 78-A/2020 of September 29, so we will now summarise the moratorium rules currently in force.
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Angola
August 9, 2020
BNA has approved new rules applicable to foreign exchange transactions carried out by individuals.
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Portugal
August 6, 2020
A major economic crisis has been caused by the pandemic associated with the new SARS-CoV-2 Coronavirus and the COCID-19 disease. In this context, Law 29/2020 was published on 31 July to establish new tax measures to support cooperatives, micro, small and medium-sized enterprises.
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Portugal
August 6, 2020
On August 7, 2020, Decree 5/2020 of the Council of Ministers was published, approving the Vienna Convention of 1980 on Contracts for the International Sale of Goods (the "Convention”), making Portugal its newest signatory state.
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Portugal
August 5, 2020
There is a huge amount of interest in hemp cultivation, both for medicinal and cosmetic purposes, and for industrial use, in particular, the production of fibre, seeds and other products linked to agro-industry.
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Portugal
July 28, 2020
Here you will find the issue of our Banking and Finance and Capital Markets newsletter for the 2nd quarter of 2020, which compiles the most significant news in this area.
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Portugal
July 15, 2020
Ministerial Order 165/2020 of July 7 was published following the changes to the procedural rules of the administrative and tax tribunals introduced by Law 118/2019 of 17 September. The Ministerial Order sets out the rules on the deposit and publication of arbitral awards in administrative and tax matters announced when the changes were...
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Portugal
July 15, 2020
This Regulation provides that all Member States have to submit an integrated National Energy and Climate Plan for 2021-2030 to the European Commission.
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Portugal
July 8, 2020
The current Covid-19 pandemic has highlighted the need to promote health resilience and, against this background, Council of Ministers Resolution 52-A/2020 creates the Healthy Neighborhood Program.
The aim of this program is to promote health resilience and improve social cohesion, living conditions, environmental conditions, and the quality...
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Portugal
May 6, 2020
Certain legal arrangements have been drawn up to identify the needs and protect against the weaknesses of this charitable / socially supportive economic cluster.
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Portugal
April 29, 2020
On April 24, a set of measures came in to force with the aim of striking a balance between the financial sustainability of economic operators and the rights of consumers. The measures focus, in particular, on the cancellation of reservations in tourism developments and local lodging establishments.
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Portugal
April 21, 2020
On March 5, the CMVM published Regulation 2/2020 on the Prevention of Money Laundering and Terrorist Financing, to provide the regulations under Law 83/2017 of August 18.
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