Competition law and policy- 4th quarter 2018

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Related briefings

Implementation of the deposit-return scheme pilot project

Decree-Law no. 152-D/2017 of 11 December established the “Management System for Specific Waste Streams Subject to Extended Producer Responsibility”. This Decree-Law has now been amended by Law no. 69/2018 of 26 December, which introduces a system to encourage (i) the return and deposit of single-use (one-way) plastic drinks packaging, and (ii) the deposit of plastic, […]

Electronic Complaints Book: Extension of deadline for registration

Numerous complaints have been made by associations representing traders from various sectors due to the problem of unavailability of the platform where economic operators have to register. As a result, the Ministry of the Economy announced the extension of the deadline for operators to register until 31 December of the current year. The original deadline […]

Competition law and policy 2nd quarter 2019

Portuguese Competition Authority fines the companies Mota-Engil – Engenharia e Construção and Futrifer – Indústrias Ferroviárias, S.A. On 12 April 2019, the Portuguese Competition Authority (PCA) fined the company Mota-Engil – Engenharia e Construção, S.A and one of its managers a total of EUR 906,000 for allegedly participating in a five-company cartel that acted in […]

New legal rules for foreign citizens in the Republic of Angola

Law no. 13/19 of 23 May was published on 23 May and approves the new Legal Rules on Foreign Citizens in the Republic of Angola (Regime Jurídico dos Cidadãos Estrangeiros na República de Angola – “RJCE”). As expected, the new law establishes the legal rules on entry, exit, stay and residence of foreign citizen in […]

BRRD amendments: Senior Creditors Worse Off

The amendments to the Portuguese Banking Law, which extend the depositor preference to all deposits, will mean that in the event of a bank insolvency common creditors will likely see their recovery expectations greatly reduced in comparison with the previous regime. As a consequence, in the event of a bank resolution, the value of the […]

Latest Briefings

Can settlement agreements be regulated credit agreements? High court decides

By Emily Morton Can settlement agreements be regulated credit agreements, and are lenders at risk of falling foul of the provisions of the Consumer Credit Act 1974 (CCA)? In CFL Finance Ltd v Bass & Others [2019] EWHC 1839 (Ch) the Court looked into whether settlement agreements need to comply with the CCA, and whether their […]

Spotlight on automotive industry: Introduction to the series and financing

By Miriam Simsa, Soňa Hekelová By outsourcing production of major parts of car components, carmakers have also outsourced a substantial amount of their financing needs and associated risks to their suppliers. Still, despite rather slim margins, the prospect of a fairly stable cash flow over a number of years has made the automotive supplier business […]

I am worried that a trustee has mismanaged my trust fund. What can I do?

By Oliver Passmore Trustees are appointed to safeguard funds in a trust, and are duty-bound to act in the best interests of the beneficiaries. While most trustees will carry out their duties conscientiously, occasionally there is mismanagement. There are a number of ways in which a trustee can mismanage a trust fund. This can include: […]

Luxembourg Government submits bill to Parliament implementing the EU Anti-Tax Avoidance Directive 2 into domestic law

By William Jean-Baptiste, Eléonore Galleron On 8 August 2019, the Luxembourg Government submitted a draft law to the Parliament (the Draft Law) to implement the Council Directive (EU) 2017/952 of 29 May 2017 (ATAD 2 or the Directive) into Luxembourg domestic law. As a reminder, ATAD 2 constitutes an update of the Council Directive (EU) 2016/1164 of 12 July […]

Myth busting Jersey trusts and foundations

By Josephine Howe Some may think trusts and foundations are only used by very wealthy people or families, or that by putting assets into a trust or foundation in international finance centres (IFCs) like Jersey, then they are avoiding tax. Some claim offshore trusts and foundations are secretive, and they are used for criminal activity; […]

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