NEW VOLUNTARY ARBITRATION REGIME
Law no. 6/2021, of 31 March (“Law 6/2021”), which enacts the voluntary arbitration law (“VAL”) and for the first time amends the Code on Civil Procedure (“CCP”), was published in the Timor-Leste Official Gazette.
ONLINE REGISTRATION FORM FOR SUPPLIERS OF THE OIL SECTOR
The National Petroleum, Gas and Biofuels Agency (“ANPG”), the National Concessionaire for the Angolan oil sector, has recently made available the online registration form for the sector’s suppliers.
RESIDENCE PERMIT FOR INVESTMENT ACTIVITY: AMENDMENTS TO THE INVESTMENT REQUIREMENTS
Decree-Law 14/2021, of 12 February 2021 (“DL 14/2021”) amended the legal framework of residence permits for investment activity to encourage investment in inland areas, the creation of jobs and urban and cultural heritage re-qualification.
NEW RULES IN PORTUGAL ON ELECTRONIC DOCUMENTS AND IDENTITY
The legislation implementing in Portugal the European Regulation(1) on electronic identification and trust services for electronic transactions in the internal market has been approved and published.
Ownership and marketing of broadcasting rights for the Portuguese professional football leagues (I and II Leagues)
On 23 March 2021, the new legal regime regarding the ownership of broadcasting rights of the 1st and 2nd football leagues came into force (Decree-Law no. 22-B/2021, of 22 March).
BANK OF PORTUGAL PUBLISHES REPORTING MODEL FOR FINANCIAL ENTITIES OPERATING IN PORTUGAL UNDER THE FREEDOM TO PROVIDE SERVICES REGIME
On 14 January 2021, the Bank of Portugal published a new reporting model for financial entities operating in Portugal and having their head office in another European Union Member State, to be used to report on their activity carried out in Portugal under the free provision of services regime.
NEW RULES FOR NON-PERFORMING EXPOSURES SECURITISATIONS AND SYNTHETIC SECURITISATIONS
Regulation (EU) 2021/557 and Regulation (EU) 2021/558, both of 31 March 2021, approved relevant amendments to the Securitisation Regulation and to the Capital Requirements Regulation, respectively, which entail material adjustments to the securitisation framework and are intended to support the economic recovery in response to COVID-19 crisis.
THE CJEU DELIVERS ITS JUDGEMENT IN CASE-392/19 ADDING TO THE JURISPRUDENCE ON WEB LINKING
Introduction On September 10, 2020, Advocate General Maciej Szpunar delivered his Opinion in Case C‑392/19 VG Bild-Kunst v Stiftung Preußischer Kulturbesitz, where a request for a preliminary ruling was lodged with the Court of Justice of the European Union (“CJEU” / “Court”) on May 21, 2019. In one of our previous articles[1], we have analysed …
Legal risks in real estate transactions
Real estate transactions in Kazakhstan are complex as in many countries because of legal issues and documentation. Documentation is one of the most important parts of real estate along with its condition and location.
NEW CHANGES IMPACTING THE LEASING LEGISLATION
Background Law no. 83/2021 amending and supplementing Government Ordinance no. 51/1997 on the leasing operations and the leasing companies (“GO no. 51/1997”) was published on April 16, 2021 in the Official Gazette no. 401, Part I (“Law no. 83/2021”). Importantly, the provisions of Law no. 83/2021 may only be applied for leasing agreements concluded after …
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