Cameroon | 2018.01.22
LICENSING ROUND FOR EIGHT OIL & GAS BLOCKS IN CAMEROON
The National Hydrocarbons Corporation (SNH) of Cameroon has recently announced the terms of reference for the Licensing of eight (8) oil & gas blocks: BOMANA, BOLONGO and BAKASSI in the hydrocarbons’ rich Rio del Rey (RDR) Basin, and ETINDE EXPLORATION, NTEM, ELOMBO, TILAPIA and KOMBE/NSEPE in the highly prospective Douala/Kribi-Campo (DKC) Basin.
Mozambique | 2018.01.16
NEW EXCHANGE CONTROL RULES PUBLISHED
The new foreign exchange rules and procedures approved by the Bank of Mozambique (“BoM”) have just been published in the Official Gazette as Notice No. 20/GBM/2017, of 27 December 2017 (“New FX Rules”).
Angola | 2018.01.08
NEW EXCHANGE REGIME
The Governor of the Angolan Central Bank announced on January 3 the change of the exchange rate regime. The existing administered exchange rate determined by Banco Nacional de Angola (BNA) is replaced by an exchange band characterized by the fluctuation of the exchange rate within a range, with a ceiling and a minimum limit.
Angola | 2017.12.19
FOREIGN EXCHANGE RULES FOR BUYING AND SELLING FOREIGN CURRENCY
The Angolan Central Bank (BNA) has recently issued Instruction No. 5/17, of 1 December of 2017, on the procedures for buying and selling foreign currency in Angola. This statute establishes that...
Mozambique | 2017.12.18
NEW TRANSFER PRICING RULES
The Council of Ministers approved, by means of Decree No. 70/2017, of 6 December 2017, the Transfer Pricing Regulations. This Decree will enter into force on January 1, 2018.
Angola | 2017.12.18
REGISTRATION OF OFFICERS RESPONSIBLE FOR THE MANAGEMENT FUNCTION
Capital Market Commission ("CMC") Regulation No. 1/17, of 7 December of 2017, established requirements and procedures for the registration of those with a relevant management function in non-banking financial institutions linked to the capital and investment market, in companies managing collective investment undertakings, and in companies managing regulated traders.
Angola | 2017.12.18
NEW RULES ON REGULATED MARKETS
Capital Market Commission ("CMC") Regulation No. 2/17, of 7 December 2017, organizes the regulated markets as well as the structure for access to such markets, taking into account, inter alia, the nature of the securities and derivatives instruments to be traded.
Portugal | 2017.09.29
RULES FOR CONVERSION OF BEARER SHARES APPROVED
Decree-Law no. 123/2017, of 25 September 2017, has just been gazetted. It regulates Law no. 15/2017, of 3 May 2017, by establishing the rules applicable to the conversion of bearer shares into nominative shares.
Timor-Leste | 2017.09.15
NEW TIMOR-LESTE GOVERNMENT IS APPOINTED
The Government of Timor-Leste, resulting from the 22 July elections, was partially sworn in today...
Portugal | 2017.08.23
LEGAL REGIME OF THE BENEFICIAL OWNER CENTRAL REGISTRY
By means of Law No. 89/2017, of 21 August 2017, the legal regime of the Beneficial Owner Central Registry was approved...