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News & Analysis

Portugal: The 2021 State Budget of Equatorial Guinea was enacted by way of Law 9/2020, of 22 December 2020

13 May 2021 by VdA Vieira de Almeida

The 2021 State Budget of Equatorial Guinea was enacted by way of Law 9/2020, of 22 December 2020.

News & Analysis

Portugal: National ocean strategy

06 May 2021 by VdA Vieira de Almeida

The Government issued a Council of Ministers Resolution yesterday, May 6, 2021, approving the 2021-2030 National Ocean Strategy (NOS), a programmatic document governing ocean-related political actions and enshrining the Government's commitment to protect the ocean and ensure the sustainable development of its many opportunities.

News & Analysis

Portuguese Data Protection Authority Orders the Suspension of Data Transfers to the United States

27 April 2021 by VdA Vieira de Almeida

On 27 April 2021, the Portuguese Data Protection Authority (Comissão Nacional de Proteção de Dados – CNPD) issued a Deliberation (only available in Portuguese) addressed to the National Statistics Institute (Instituto Nacional de Estatística – INE) ordering this entity to suspend, within 12 hours, all data transfers to the United States of America (USA) or to other third countries that do not ensure an adequate level of protection.

News & Analysis

Portugal: Private Investment Act recast

22 April 2021 by VdA Vieira de Almeida

The Angolan Parliament recently enacted Law 10/21, of 22 April 2021 (“Law 10/21”), approving several important amendments to the existing Private Investment Law (“PIL"), enacted by Law 10/18, of 26 June 2018.

News & Analysis

Portugal: The European Commission adopted the U-space package

22 April 2021 by VdA Vieira de Almeida

The package consists of three implementing regulations and will become applicable as of 26 January 2023

News & Analysis

Portugal: Online registration form for suppliers of the oil sector

20 April 2021 by VdA Vieira de Almeida

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.

News & Analysis

Portugal: Angola Exchange Policy

14 April 2021 by VdA Vieira de Almeida

Establishes the rules and procedures applicable to foreign exchange transactions for the settlement of imports and exports of goods in Angola.

News & Analysis

Portugal: Decree No. 20/2021, of 13 April - Amendments to the Investment Law Regulation approved by Decree No. 43/2009, of 21 August

13 April 2021 by VdA Vieira de Almeida

With the aim of adapting national and foreign investment processes (“Investment Projects”) to a new institutional framework of coordination and in the context of a policy to attract and facilitate those investments, Decree no. 20/2021, of 13 April (“Decree”), was approved, introducing amendments to the Investment Law Regulation.

News & Analysis

Portugal: New Forex Regime for Non-Associated Natural Gas And Derivatives

01 April 2021 by VdA Vieira de Almeida

Pursuant to the provisions of the Foreign Exchange Law for the Petroleum Sector [approved by Law 2/12, of 13 January 2021 (“FELPS”)], the National Bank of Angola ("BNA") has recently published Order 3/2021, of 1 April 2021 ("Order"), which establishes the new foreign exchange regime applicable to the entities engaged in the prospecting, exploration, appraisal, development, production and marketing of non-associated natural gas and its derivatives.

News & Analysis

Portugal: New rules for non-performing exposures securisations and synthetic securisations

01 April 2021 by VdA Vieira de Almeida

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.