Angola | 2019.11.08
Public-Private Partnerships Regulations Enacted
Following the recent approval of the new Law on Public-Private Partnerships (Law No. 11/19, of 14 May 2019), its implementing regulations have now been enacted by means of Presidential Decree No. 316/19, of 28 October 2019.
Cape Verde | 2019.10.22
New Commercial Code and Companies enter into Force Today
The new Commercial Code and Companies Code approved by means of Legislative-Decree No. 1/2019 and Legislative-Decree No. 2/2019, respectively, both of 23 July 2019, come into force today. The 1888 Commercial Code and the 1999 Companies Code thus ceased to be effective, as they were revoked by those Legislative-Decrees.
Angola | 2019.10.22
Granting of Credit by Financial Institutions for Production of Essential Goods
BNA Order No. 4/19, of 3 April 2019, determined which essential goods that have a supply deficit in respect of national product are eligible for the granting of credit by Banking Financial Institutions and the relevant credit conditions, namely the maximum interest rate, commissions and other terms and conditions, such as the overall amount of credit to be granted annually by a given Banking Financial Institution.
Angola | 2019.10.16
International Open Tender for Soyo Refinery Announced
The Ministry of Mineral Resources and Petroleum announced the launching of an international open tender for the construction of the Soyo Refinery, in the Province of Zaire. This public tender will be officially launched on 24 October 2019 and the refinery is expected to start operating in 2023.
Portugal | 2019.10.11
Guidelines on risk factors under Prospectus Regulation
The European Securities and Markets Authority (“ESMA”) has issued guidelines on risk factors under the Prospectus Regulation.
Timor-Leste | 2019.10.03
Timor-Leste announces Oil & Gas Licensing Round
The Timor-Leste Prime-Minister and the National Petroleum and Minerals Authority have today announced, at the first Timor-Leste Oil & Gas Summit, the opening of the country’s second oil & gas licensing round. There is plenty of highly prospective acreage on offer, with 18 blocks, 7 onshore and 11 offshore, including areas previously included in the Joint Petroleum Development Area.
Angola | 2019.10.03
New Licensing Round for Petroleum Concessions Launched
The National Agency for Petroleum, Gas and Biofuels (Agência Nacional do Petróleo, Gás e Biocombustíveis, “ANPG”), the National Concessionaire for the Angolan petroleum sector, launched yesterday, 2 October 2019, a new petroleum licensing round.
Angola | 2019.10.03
Law no.28/2019 Amended the Personal Income Tax Code (IRT)
Holiday and Christmas bonuses are now considered taxable income in accordance with this change to the IRT Code.
Angola | 2019.08.22
Amendments to Value Added Tax and Excise Duty Codes
In order to meet the required conditions for the full implementation of the Value Added Tax (“VAT”) and Excise Duty (“IEC”) Codes, the National Assembly approved Law Nos. 17/19 and 18/19, both of 13 August 2019.
Angola | 2019.08.21
Audit Court Law Amended
The Law on the Organization of and Procedure before the Audit Court was recently amended by means of Law No. 19/19, of 14 August 2019. This amendment seeks to establish faster, helpful and effective mechanisms of review and inspection of public finances and of sound financial management.