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 […]
Below, you will find the edition of the Competition Law and Policy Newsletter for the 4th quarter of 2018, which compiles the most significant news in this area. IN FOCUS: PORTUGAL I. COURTS Aptoide wins court battle against Google II. COMPETITION AUTHORITY Portuguese Competition Authority publishes definitive version of Issues Paper on technological innovation and […]
By Richard Naish, Ben Sheppard The future of businesses in food and drink manufacturing and its supply chain will be affected by consultations launched by Government on 18 February. The consultations, which are aimed primarily at packaging waste, close on 13 May 2019. The consultation on reforming the UK packaging producer responsibility systemconsiders a range of options to […]
By Jo Ratcliffe, Ruth Bamforth, Craig Looker The Government made clear, in its March 2018 Pensions White Paper, it is committed to ensuring the Pensions Regulator (Regulator) has the right powers to be able to protect effectively defined benefit pension schemes. On 11 February 2019 the Government published its response to its June 2018 consultation on strengthening the […]
By Manuel Gouveia Pereira According to the Overview of the OECD’s Economic Survey for Portugal in 2017, structural reforms have led to a successful rebalancing of the Portuguese economy towards exports, which appears to be gaining ground, although the continuation of the rebalancing of the economy will require more investment. As of December 2015 the new […]
By David Asker At this time of year, we see many suppliers contacting us about money they are owed from Christmas parties. For these companies it seems the festive hangover has lasted longer than is reasonable so we have put together a handy guide to how companies and business that are owed money from the Christmas […]
By Neil Franklin The Supreme Court has clarified how claims for loss of chance against negligent advisors will be assessed, in a decision that will be relevant to any claim by a bank or lender who is considering taking legal action against third party suppliers who have failed to provide adequate advice on a potential […]
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Flexible legal resources provider Axiom has filed for an IPO after several years of deliberation, in a bid to obtain extra investment for further expansion. The provider has submitted a draft registration statement with the Securities and Exchange Commission in New York, but the filing did not disclose a range for the pricing of shares or […]
CMS Cameron McKenna Nabarro Olswang has expanded the reach of its in-house startup accelerator to about 20 countries, expecting to engage 150 startups worldwide by the end of the year. The programme, dubbed CMS EquIP, provides startups and businesses at various stages of development access to potential investors and discounted legal support from the firm’s fee-earners. […]
Cadwalader Wickersham & Taft is to move from its City home in Dashwood House to 100 Bishopsgate when the building is completed. The firm’s London head Greg Petrick has set out a gauntlet for growth, with the US firm taking enough space for 120 lawyers in the new building. The London headcount is currently at […]
Flybmi has become the latest airline to enter into administration, with the company citing Brexit uncertainty as one of the main reasons for its collapse. DWF is acting for the administrators BDO, with a team led by Leeds-based associate partner Matthew Brown. The airline cancelled all flights over the weekend with immediate effect. DWF is understood to […]
Former Linklaters marketing head Frank Mellish has agreed to destroy documents shared between him and the firm, in relation to matters he said would expose “the ongoing struggle [the firm] has with women in the workplace”.