Coronavirus Portugal: Impact on loans and state guarantees

Decree-Law No. 10-J/2020, of March 26, has approved an exceptional, special regime of personal guarantees of the state, in the context of the COVID-19 disease pandemic.

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Angola: New law on security over movables

Law 11/2021 establishing the legal framework for the use of movable assets as security for the discharge of obligations was published on 22 April 2021 and will take effect 180 days after publication.

Portugal: National ocean strategy

The Portuguese government has issued a Council of Ministers Resolution approving the 2021-2030 National Ocean Stratgy, a programmatic document governing ocean-related political actions and enshrining the government’s commitment to protect the ocean and ensure the sustainable development of its many opportunities.

The Angolan factor

The African nation is emerging from the Covid-19 crisis with a raft of new legislation to reform its economy.

Timor-Leste: New voluntary arbitration regime

Law no. 6/2021 which enacts the voluntary arbitration law and for the first time amends the Code on Civil Procedure was published in the Tmor-Leste Official Gazette.

Oil and gas: New Forex regime for non-associated natural gas and derivatives

Pursuant to the provision of the Foreign Exchange Law for the petroleum sector, the National Bank of Angola has published Order 3/2021 which establishes the new foreign exchange regime appllicable to the entities engaged in the prospecting, exploration, appraisal, development, production and marketing on non-associated natural gas and its derivatives.

Latest Briefings

Austria: Supreme Court rules on long-term gas supply contracts

On 25 January 2021 the Supreme Court issued a decision on long-term contracts for the import of Russian natural gas into Austria (16 Ok 3/20g). The contracts had been concluded in 2006 for the supply of unstructured natural gas. All of the contracts expired on 31 December 2027. At the time of their conclusion, such long-term commitments were common for contracts between natural gas producers and importers or wholesalers throughout Europe. The contracts contained an obligation for customers to purchase 83% of the contract volume (at least in the medium term), even if this amount was not actually taken (take-or-pay clause). In 2011 one of the buyers was granted an early termination right.

Protecting Canadian innovation in the Cleantech sector

Emerging technologies to mitigate environmental impact and even remediate harm that has already occurred, known colloquially as “cleantech”, represent a potentially explosive growth opportunity for Canadian innovation. Intellectual property rights, and in particular patent protection, can be an important asset for Canadian cleantech companies that can and should be leveraged as part of their business and growth strategy. Patent rights can be valuable not only in excluding competitors and soliciting investment, but even in terms of marketing. Patents can demonstrate that a company is on the cutting edge of sustainable technology.

Let the NFT self-experiment begin!

Non-fungible tokens (NFTs) aren’t new, in fact they’ve been around for years. However, it took the auction of an NFT linked to an image by Christie’s Auction House and the fall of the hammer at a spectacular USD 69 million to create worldwide attention and interest in NFTs.

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