Law 7/2019 was published on 16 January 2019 to implement Directive (EU) 2016/97 of the European Parliament and of the Council of 20 January 2016 on the distribution of insurance (the Insurance Distribution Directive or «IDD») The main objective of the IDD is to harmonise national rules on insurance distribution in order to protect consumers. Insurance products are distributed […]
Portugal Competition Authority On 3 October 2018, the Portuguese Competition Authority (PCA) published the definitive version of the Issues Paper “Technological Innovation and Competition in the Financial Sector in Portugal”.
Presidential Decree No. 49/19, of 6 February 2019, was recently enacted, approving the creation of the National Agency for Petroleum, Gas and Biofuels of Angola and its Organic Statute. National Agency for Petroleum, Gas and Biofuels («ANP») assumes the role of National Concessionaire, a role bestowed up until now to Sonangol, E.P., thus generating a […]
Impact on companies From 1 February 2019, with the entry into force of Law no. 4/2019 of 10 January, quotas are established for employers in the private and the public sectors (excluded from DecreeLaw no. 29/2001 of 3 February). These quotas mean that employers with more than 75 workers will be required to hire people […]
The approval of the SIGIs regime is expected to foster the rental market, capital markets and foreign direct investment. The full spectrum of types of real estate investment vehicles is now available in Portugal. The long-awaited legal framework for Portuguese REITs has finally been published today through Decree-Law 19/2019 and will enter into force on […]
Many offshore jurisdictions saw notable reforms in 2018. This article considers how recent changes to the regulation of financial services in Bermuda have affected private trust companies. These legislative amendments were made primarily to ensure that Bermuda’s legal framework remains up to date with international standards, which are aimed at maintaining the international financial system’s […]
A company has outstanding debts and it seems they are struggling financially. What can you do to try and get your debts settled? Is applying to have the company wound up the answer? Here, we take a look at what you will need to consider before a decision is made and we take a look […]
In the recent case of SKYMIST HOLDINGS LIMITED v GRANDLANE DEVELOPMENTS LIMITED , the Technology and Construction Court (TCC), considered the principle of “approbation and reprobation” in “satellite litigation” over the jurisdiction of adjudicators. But is challenging the jurisdiction of an adjudicator worth the cost involved? We review the key points in the Skymist decision, and the TCC‘s […]
Public consultations on enhancing retirement security led by the Ministry of Innovation, Science and Economic Development Canada closed in late 2018. Given the importance and complexity of the subject matter, the one-month consultation period offered by the government was curiously short. Given that 2019 is an election year, the quick completion of the process could […]
Competition matters, and investigations more generally, differ greatly in execution from the approach to eDiscovery taken in litigation. Understanding the potential issues is paramount in developing an eDiscovery model that tackles the regulatory pressures faced by legal teams and their corporate clients. In the first article in this series we compare the different approaches and examine […]
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Freshfields Bruckhaus Deringer has been called in by Canadian firm Stikemann Elliott to co-lead on Dairy Crest’s sale to a transatlantic buyer. The magic circle firm has been providing UK legal advice to Canadian company Saputo, which produces milk and dairy products. Freshfields corporate partner Stephen Hewes has taken the lead alongside colleague Peter Hall, […]
Four more partners have left Squire Patton Boggs’ London office, in the wake of former managing partner Robert Weekes’ move to Crowell & Moring earlier this month. UK litigation head Laurence Winston and restructuring partners Paul Muscutt and Cathryn Williams are to part ways with the firm, while Robin Baillie in the infrastructure practice is […]
Shearman & Sterling’s global turnover increased by 5 per cent over 2018, though the pace of growth has fallen behind some of Shearman’s US peers who have all reported double-digit gains this year. Turnover at Shearman rose to $955.5m in 2018, an increase of 4 per cent. This followed the addition of just $5m to […]
Addleshaw Goddard’s senior partner Charles Penney faces a challenge to his bid for another term, with another contender stepping forward to take on the role. Penney, who is seeking a second term in the top job, will run against contender Michael Leftley, who heads the employment, incentives & immigration group in London. Leftley has been […]