The competition framework was introduced in Mozambique in 2013 and has, since then, been completed and complemented by a few legislative acts. Even though the new framework mirrors, to a large extent, EU and Portuguese competition law, it remains to be seen how its provisions will be interpreted and effectively implemented by the Competition Regulatory Authority. The first steps towards the operationalisation of the competition enforcer were taken in April 2020, when the Mozambican government appointed Mr Júlio João Pio as President of the Board of the Competition Regulatory Authority.
Last week Law No. 26/2020, of 21 July (Law 26/2020) was finally published, transposing into Portuguese legislation Council Directive (EU) 2018/822, of 25 May 2018 (DAC 6). DAC 6 foresees new mandatory disclosure rules regarding certain cross-border mechanisms based on objective characteristics (hallmarks).
On 7 July 2020, the Parliament passed Law 1/2020, setting forth tax incentive-related measures applicable to all taxpayers, resident and non-resident individuals and companies with tax debts towards the State of Equatorial Guinea.
Law no. 28/2020, of 22nd July, 2020, approved several amendments to the Personal Income Tax (“PIT”) Code. Among the several amendments, we highlight the following: • Taxable Base • Broadening of the taxable base to all rights, benefits and pecuniary or financial advantages earned by employees or service providers, work related and not included in […]
This article summarises the recently adopted Angolan competition regime. Driven by the President of the Republic’s wishes to establish a fully fledged market economy, and by certain incentives of the International Monetary Fund, it was introduced in 2018, and has since been completed and complemented by several subsequent legislative acts. Even though the new framework mirrors, to a large extent, EU competition law, it remains to be seen how a few of its unclear provisions will be interpreted and effectively implemented by the Competition Regulatory Authority (CRA), which has been up and running since 2019.
Andrew Rayment and Charlotte Smith (both Employment) presented a live Q&A webinar discussion on ‘Employee engagement and future HR trends’. Walker Morris employment lawyers were joined by Lisa Rowlinson-Brown, People Director at Symington’s, Steve Joyce, HR Director at Airedale International Air Conditioning and Catherine de la Poer, Leadership Developer at Halcyon Coaching.
The business supplies sector has had to move swiftly and decisively during the Coronavirus pandemic to meet the changing demands of customers.
In the same week as the EU stimulus package was agreed, the Irish Government has announced a series of measures to support the Irish economy, assist business and promote employment in response to the COVID-19 pandemic.
There has rightly been increasing emphasis since the Mid Staffs inquiry and other high media profile investigations, such as Hillsborough, on the responsibility of public bodies to be open and candid in all of their dealings with the Coroner.
On 28 July 2020 Foxton J handed down judgment in this important case concerning the effect of “subjects” in commercial negotiations, which contains a number of significant points of interest to those negotiating contracts, particularly in the charter market.
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Five funds and corporate lawyers have joined K&L Gates’ Hong Kong office as Orrick’s Hong Kong base shuts its doors. The team moving to K&L Gates is led by Orrick Hong Kong funds partners Sook Young Yeu and Scott Peterman. Of counsel William Ho has also joined K&L Gates as a partner, along with two […]
Brodies has recorded its tenth consecutive year of growth, with a 7 per cent revenue increase. Over 2019/20, the firm’s revenue rose from £76.9m to £82m while profits before partner distributions were £38.5m, up from £37.4m the previous year (3 per cent growth). Cash balances also increased from £21m to £25m. Average profit per equity […]
Womble Bond Dickinson (WBD) has been rebuked and fined by the Solicitors Regulation Authority. The regulator investigated after WBD self-reported. A corporate client asked WBD to hold funds for it in the firm’s accounts. The client requested that these funds were held on behalf of the client’s client – who was not associated with WBD. […]
A High Court judge, giving his verdict in the latest spat between mining company Vale and BSG Resources, has criticised litigants and their advisers for adopting a “needlessly antagonistic” stance in disputes. Master Davison made the comments after dismissing an application made by former BSG director Dag Lars Cramer against a Part 71 Order requested […]
Slaughter and May has scoped out Goldman Sachs’ former European HQ as an option for its London relocation. The Lawyer understands that with its current lease expiring in 2026, the firm has looked at Peterborough Court on Fleet Street as a potential new HQ. Slaughters has occupied the entire 260,000 sq ft of its 1 […]
Clifford Chance, Ashurst, DLA Piper and Dentons are among the firms that have secured a place on The Financial Conduct Authority (FCA)’s latest £8.6m legal panel. The new, expanded panel is made up of 15 firms, with new appointments including Clyde & Co, Pinsent Masons and Mills & Reeve. Whereas previously the FCA had separate […]