By João Afonso Fialho Anyone with experience of working in Africa will tell you that, in the past couple of years, we have been assisting them to gradually abandon old-fashioned, highly protective nationalist policies. Important nations in the continent have started to interact with the global market in a wise and realistic way.
As has been the case in recent years, companies have little reason to smile on the current Portuguese State Budget Proposal (“SB Bill”). The main surprise is the increased additional taxation of vehicles, from 10% to 15% for vehicles valued at up to € 25,000, and from 35% to 37.5% for vehicles valued at more […]
By Robert Simmons The Portuguese government is considering a universal 25% tax on online gambling GGR for its 2019 budget, according to reports in the Jornal de Negocios. A preliminary proposal, which has yet to be greenlit, would see the tax rate unified at 25% from January 2019.
By Magda Cocco, Helena Correia Mendonça, Marília Frias, Carolina Moniz Pina On 11 September 2018 came into force the new Basic Regulation – Regulation (EU) 2018 2018/1139 of the European Parliament and of the the Council of 4 July 2018 on common rules in the field of civil aviation and establishing a European Union Aviation Safety Agency (“ New […]
By Ricardo Junqueiro Getúlio Vargas once said that Brazil fears nothing in the present, prides itself on the past and relies serenely on the future. It is very doubtful that the phrase maintains any type of actuality in the days that run. Neither does the present allow us to dispel fears (on the contrary). Not even the […]
By Maria Connolly The ECJ found that the Commission had granted approval in 2014 after just a month long preliminary examination and had failed to take full account of objections raised. The Commission must now undertake a full investigation of the scheme before granting state aid approval. It may emerge that changes to the scheme […]
By Tsvetan Krumov The amendments provide new business opportunities to banks to enter into repo transactions and derivatives with Bulgarian pension funds. There are various types of private social security funds under Bulgarian law depending on the social security risks they cover. However, as the regime for derivatives and repo transactions is identical for all […]
By Anke Holtland Yesterday, the Amsterdam District Court ruled in summary proceedings that the Museum Map Foundation must provide data to the tax authorities on museum visits by one specific museum card holder. What was going on? The Tax and Customs Administration demanded the information about museum visits from one specific museum card holder for the period 2014 to […]
By Joost Dibbits On 5 November 2018, the Dutch Ministry of Economic Affairs and Climate and the Flanders Department of Economics, Science and Innovation entered into a memorandum of understanding (MoU) on personalised medicine. The parties to the memorandum refer to the definition of personalised medicine used by the Council of the EU (2015/C 421/03): […]
By Roland de Vlam, Redmar Damsma With the tender for the Hollandse Kust Zuid III & IV offshore wind sites in Q1 2019 rapidly approaching, potential contesters and other interested parties are awaiting the publication of the definitive version of the Ministerial Regulation holding the rules and weightings related to the tender procedure and criteria […]
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The race for Clifford Chance’s senior partner role is down to two, with former London managing partner David Bickerton dropping out of the running. With Bickerton, who seemed poised to scoop the top role, stepping aside, the new senior partner will be based on the Continental front – Paris managing partner Yves Wehrli and Amsterdam managing partner […]
Well, Travers Smith proved us wrong, sort of. In The Speed Read two weeks ago we cynically noted that plenty of firms had female candidates for senior or managing partner but few ever ended up electing them. Travers has bucked the trend, however, by handing the senior partner role to long-time head of tax Kathleen […]
Shearman & Sterling’s entire Hong Kong capital markets team is moving to PRC rival Fangda Partners’ Hong Kong office in the most significant coup yet by a Chinese firm to scale up in the financial hub. The Lawyer can confirm that the entire Hong Kong capital markets practice at Shearman led by partners Colin Law and […]
Bryan Cave Leighton Paisner has made up 23 lawyers to partner in its latest promotions round, with the majority being legacy Bryan Cave lawyers. It is the first set of promotions since Bryan Cave and Berwin Leighton Paisner (BLP) merged in April. Eighteen lawyers have been promoted across the United States, while three solicitors – all […]
Clifford Chance infrastructure M&A star Amy Mahon is joining Simpson Thacher & Bartlett’s City office in yet another departure from the magic circle firm’s private equity group. Mahon’s exit follows that of Brendan Moylan to Latham & Watkins earlier this year, along with Allen & Overy infrastructure finance partner Conrad Andersen. After Moylan, Mahon was […]