Now it is the time for Restructuring
The word “Restructuring” is the most spoken phrase in the corporate lifetimes and arguably the least understood by the company’s management. As restructuring in many of these entities is not connected with the future planning of the organization but it is in many cases has been associated with the action to be taken after the …
CABO VERDE – State of Emergency declared from 29 March 2020
In order to ensure the constitutional legitimacy of the measures approved by the Government to control the country’s epidemiological situation and to anticipate and contain the foreseeable increase of the COVID-19 contagion lines in the country, the President of the Republic of Cabo Verde declared a state of emergency by Presidential Decree 06/2020, of 28 …
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TIMOR-LESTE – Exceptional and temporary measures concerning the epidemiological situation of the new
On March 19, 2020, the Resolution of the Government of Timor-Leste No. 10/2020 (“Resolution”) was published in the Official Gazette (Jornal da República), establishing a set of exceptional and temporary measures in order to contain the spread of the new Coronavirus Covid-19 (“Covid-19”) in the national territory. Among the approved provisions, we note the following:
NGOLA – Covid-19: Angola declares a State of Emergency from 27 March 2020
Considering the public health emergency caused by Covid-19 and the need to put measures in place to prevent and combat the spread of the pandemic, the President of the Republic of Angola enacted Presidential Decree 81/2020, of 25 March 2020 (“PD 81/20”), declaring a state of emergency after hearing the Government and securing the authorization of …
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Equatorial Guinea – COVID-19 Outbreak
COVID-19 Outbreak 31 March 2020 The Equatorial Guinea Government has been active in adopting measures to face the outbreak of the novel coronavirus (the COVID-19) in Equatorial Guinea, including those taken in 12 March 2020 suspending international flights as from 15 March 2020 and keeping the population well informed (particularly by the Ministry of …
Equatorial Guinea – COVID-19 Outbreak
The Equatorial Guinea Government has been active in adopting measures to face the outbreak of the novel coronavirus (the COVID-19) in Equatorial Guinea, including those taken in 12 March 2020 suspending international flights as from 15 March 2020 and keeping the population well informed (particularly by the Ministry of Health) of all COVID-19 symptoms and …
Equatorial Guinea – COVID-19 Outbreak Update | New Measures Adopted
In addition to the measures adopted on 23 March 2020 to prevent the spread of the COVID-19, and as already announced in our previous Flash on this subject matter, considering that more COVID-19 cases have been confirmed in Equatorial Guinea, the Prime Minister, after consulting inter alia with the Novel Coronavirus Surveillance Technical Committee, has …
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Equatorial Guinea -COVID-19 Outbreak Update #2 | State of Alarm for Health Reasons
As reported in our 31 March 2020 Flash, the Council of Ministers of the Republic of Equatorial Guinea was discussing a draft Decree declaring State of Emergency and on 30 March 2020 the President of the Republic had a meeting with members of the Government to discuss widening even further the measures to contain the …
CABO VERDE – Special framework for pledges over movable assets
Decree Law No. 40/2020, of 1 April 2020, sets forth a special framework for pledges over any type of movable assets (including over the entirety of a pledgor’s movable assets), over a part or fraction of a movable asset, or over a company. Pledges under the new legal framework are subject to the following main …
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Covid-19 Luxembourg corporate news: Ensuring corporate governance in time of crisis
The public health emergency and economic slump precipitated by the Covid-19 pandemic has prompted the authorities to amend various rules and regulations applicable to companies in Luxembourg to enable them to cope with existing and future difficulties affecting their business. We have summarised below the most important developments. Prohibition on holding physical meetings In the …