MOZAMBIQUE – New Regulations on the Licensing of Petroleum Facilities and Operations
By means of Decree No. 84/2020, of 18 September, the Government of Mozambique has approved the new regulations on the licensing of petroleum facilities and operations. This new Decree, which is part of an ongoing reform in the O&G sector, although not expressly revoking Ministerial Order No. 272/2009, of 30 December (Regulations on Licensing of …
ANGOLA | 2021 STATE BUDGET
The 2021 State Budget, approved by Law 42/20, of 31 December 2020, has been recently published. The diploma entered into force on 1 January 2021.
Angola Tender FOR AWARD OF oil CONCESSIONS
On 31 December 2020, the Angolan National Petroleum, Gas and Biofuels Agency (ANPG), in its capacity as national concessionaire, has announced the intention to launch an international tender for the award of new oil concessions – “2020 Licensing Round”.
PORTUGUESE BANKING CODE – PUBLIC CONSULTATION
On 29 October, the Bank of Portugal launched a public consultation on the initial draft of the new Portuguese Banking Code (Código da Atividade Bancária or CAB).
Angola – Public debt (Treasury bonds)
The Ministry of Finance has recently published, in accordance with delegated powers, the following Executive Decrees:
EXTRAORDINARY BUSINESS ENABLEMENT PROCEDURE
On October 16, the Proposed Law no. 53/XIV was approved. In addition to providing for exceptional and temporary changes to the existing rules on insolvency proceedings, the Special Revitalization Proceedings (“PER”), the Special Proceedings for Payment Agreements (“PEAP”) and the Extrajudicial Company Recovery Scheme (“RERE”), this diploma creates the Extraordinary Company Enablement Procedure (“PEVE”). According to …
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EXPROPRIATION FOR PUBLIC PURPOSE ACT
The new Expropriation for Public Purpose Act (Law 1/21, of 7 January 2021) was enacted on 07.01.2021, repealing Ordinances 14.507 and 23.404, which had extended the legal expropriation framework applicable in Angola enacted by Law 2030, of 22 July 1948 and Decree 43.587, of 8 April 1961.
EQUATORIAL GUINEA REGULATIONS FOR TRADE AT LAND BORDERS WITH CAMEROON AND GABON
By means of Decree 002/2021, of 11 January, the President of the Republic put in place a number of measures governing the trade operations at Equatorial Guinea’s land borders with Cameroon and Gabon.
EUROPEAN COMMISSION communication on a DIGITAL FINANCIAL STRATEGY FOR THE EU
On 24 September the European Commission issued a Digital Finance Package, which includes the Digital Finance Strategy for the EU. As the Covid-19 pandemic spread through Europe, the uptake on new digital financial solutions increased while the need for a widespread adoption became evident. With the Digital Finance Package, the European Commission is aiming to tackle the challenge …
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International transfers of data to the United kingdom after brexit
On 24 December 2020, the European Commission (CE) announced the conclusion of the Trade and Cooperation Agreement with the United Kingdom, following its withdrawal from the European Union (EU) and the end of the succeeding transition period. The Agreement has now been published by the EC and it establishes a transitional regime for international data transfers between Member …
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