By Samuel Fernandes de Almeida On this matter, it seems peaceful that we will be facing credit granting operations, this time in the form of a current account in which the term is not determinable. The tax treatment under the Stamp Tax (IS) of so-called centralized treasury management operations – cash pooling – has been […]
By Filipa Fonseca Santos, Joana Pacheco The Angolan Central Bank (Banco Nacional de Angola – “BNA”) recently approved Notice no. 01/2020, with a view to simplifying the administrative procedures for licensing the import of goods, and Notice no. 02/2020 with a view to making exempt from authorisation certain current invisible transactions, ordered by legal persons. […]
By Magda Cocco, Helena Correia Mendonça, Cristina Melo Miranda I INTRODUCTION TO THE NATIONAL LEGAL, REGULATORY AND POLICY FRAMEWORK Portugal has been taking important steps in the space sector in recent years. In addition to the approval of its space strategy in 2018 (Portugal Space 2030), Portugal also became part of the European Space Surveillance […]
By Filipa Fonseca Santos, Joana Pacheco The Angolan Central Bank (Banco Nacional de Angola – “BNA”) recently approved Notice no. 15/2019 on the procedures for foreign investment operations carried out by entities qualified as non-residents for foreign exchange purposes. Notice No. 15/2019, of 30 December • BNA Notice no. 15/2019 (the “Notice”) establishes the procedures […]
By Sofia Ribeiro Branco If the protected good is weaker, then such strong and intrusive means of proof and proof cannot be used. In 1982 the General Regime of Infringements was published containing the substantive and procedural principles of violations of rules in the field of economics, health, culture or the environment, providing for a […]
By Angela Hayes Asset managers based in the UK continue to face unprecedented levels of regulatory and market pressure. On 20 January 2020 the FCA published its supervisory priorities for asset managers and the alternatives sector in the form of “Dear CEO” letters. We look beyond those broad areas of FCA supervisory focus and predict […]
By Sasha Butterworth Keep abreast of the latest decisions Key areas covered in this edition include: Trustee’s duties and disclosure in relation to ESG; Death benefits payable to cohabiting partners; Loss of fixed protection after auto-enrolment; Employer duties in relation to ill-health cases; and Pension increases: change to RPI upheld.
By Leeanne Armstrong If your organisation’s workforce operates across Northern Ireland, Scotland and England, the employment law framework and Tribunal practice may look very similar at first glance, but there are some key regional variations which might trip up the unwary. Recently recognised by the Chambers UK guide to the legal profession as National Leaders, […]
By Matthias Pressler, Henri Bellando The Austrian Financial Market Authority (FMA) recently published a circular to provide more clarity regarding the application of the “limited network” exemption for payment services under the Payment Service Directive 2 (PSD2). The FMA also clarifies that service providers whose total payment volume exceeded EUR 1m in the past 12 […]
Although pooling orders have previously been made by the BVI Court, until now, there has been no published judgment confirming that this is a form of relief available within the BVI. This has now been remedied in the judgment of the BVI Commercial Court in Re Durant International Corp (In Liquidation) & others handed down […]
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The changing nature of the workforce at many UK firms has been highlighted in new data from The Lawyer, which underscores the impact of technology on the sector. Notably, the data confirms that some of the legal market’s roles, both traditional and emerging, have come under pressure to change in recent years, with some stagnating […]
Ropes & Gray’s London co-managing partner Mike Goetz has retired from the firm after 10 years at the helm of the City’s office. Will Rosen, who was appointed co-managing partner of the office in January of 2018, will continue as sole managing partner for London, combining the role with his client work as a partner […]
Inflexible criteria for partnership status can make it “impossible for disabled people to reach partner status”, a new report has suggested. The survey commissioned by Disability Research on Independent Living & Learning (DRILL) claims the importance placed on long hours and networking is an example of how firms and chambers have failed to adapt to […]
Junior lawyers at Reed Smith will be awarded a significant bonus increase if they manage to bill about 2,000 hours every year, following a review of the firm’s compensation system. The youngest ranks of Reed Smith’s workforce are in line to get a bonus of £25,000 if they hit the 2,000 hour mark. The raise […]