ANGOLA: Legal Framework of Equity Securities
Presidential legislative Decree no. 1/20 was recently approved, establishing the Legal Framework of Equity Securities, characterised as hybrid securities representing debt contracted by companies of the Public Business Sector.
PORTUGUESE GOVERNMENT APPROVES 13-POINT STRATEGY FOR 5G
The path towards 5G in Portugal includes a new step, as of last Friday, 7th of February, when the Portuguese Council of Ministers issued its Government Order nr. 7-A/2020, mapping out the Government’s Strategy for 5G adoption in Portugal.
ANGOLA FOREIGN EXCHANGE POLICY NOTICE NO. 01/2020, OF 9 JANUARY
FOREIGN EXCHANGE POLICY 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.
ANGOLA FOREIGN EXCHANGE POLICY NOTICE NO. 15/2019, OF 30 DECEMBER
FOREIGN EXCHANGE POLICY 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.
CNPD ISSUES RESOLUTION ON THE NON-APPLICATION OF SOME PROVISIONS OF THE GDPR IMPLEMENTATION LAW IN P
The Portuguese Data Protection Authority (CNPD) recently approved Resolution 2019/494 (Resolution) determining the non-application of some provisions of Law 58/2019, of August 8th (GDPR Implementation Law), which implements the General Data Protection Regulation (GDPR) in the Portuguese legal system.
Angola: VALUE ADDED TAX AND EXCISE DUTY
The Value Added Tax Code (“VAT Code”) and the Excise Duty Code have been amended by recently published Laws 17/19 and 18/19, respectively. The amended Acts are expected to enter into force on 1 October.
Angola: ENTRY INTO FORCE OF LAW NO. 19/19, OF 14 AUGUST, AMENDING THE ORGANIC LAW AND THE PROCEDURE
On August 14, 2019, Law no. 19/19, of the same date, entered into force, amending the Organic and Process Law of the Court of Auditors, Law no. 13/10, of July 9.
Angola: BID ANNOUNCEMENT FOR THE AWARD OF PETROLEUM CONCESSIONS
Pursuant to the Overall Strategy for the Awarding of Petroleum Concessions in the period 2019-2025, approved by Presidential Decree no. 52/19, of 18 February, the National Oil, Gas and Biofuels Agency (“ANPG”) has announced the international bidding process for ten oil blocks located at Benguela (block 10) and Namibe (blocks 11, 12, 13, 27, 28, …
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Angola: CUSTOMS TARIFF AND CUSTOMS CODE
NEW CUSTOMS TARIFF FOR IMPORT AND EXPORTDUTIES A new Customs Tariff for Import and Export Duties (“Customs Tariff”) was approved by Presidential Legislative Decree No. 10/19 of 29November. The new Customs Tariff is geared at the modernization of the Angolan customs system and aims to promote national production, attract investment and promote employment and national …
TIMOR-LESTE | PUBLIC TENDERING PROCEDURES FOR NEW PETROLEUM BLOCKS
Taur Matan Ruak, the Prime Minister of the Democratic Republic of Timor-Leste, has announced the Open Door Round of Timor-Leste, a public tendering procedure concerning the allocation of eighteen new blocks for petroleum activities. Seven of those blocks (blocks A to G) are located onshore, and eleven (blocks H to R) are located offshore, in …
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