Portugal, Angola | 2020.06.02
Bilateral Investment Treaty enters into force
A Bilateral Investment Treaty (“BIT”) between Portugal and Angola entered into force on 24 April 2020. The full text of the BIT published in the Portuguese official gazette (Diário da República) can be found here.
Angola | 2020.06.01
Data Package for New Petroleum Concessions Available
The National Agency for Petroleum, Gas and Biofuels (Agência Nacional do Petróleo, Gás e Biocombustíveis, “ANPG”), the National Concessionaire for the Angolan petroleum sector, announced last week, on 28 May 2020, that in connection with the 2020 bidding round, the Data Package concerning Blocks CON1, CON5 and CON6 (onshore Lower Congo Basin) and Blocks KON5, KON6, KON8, KON9, KON17 and KON20 (onshore Cuanza Basin) is already available.
Angola | 2020.05.28
Covid-19: Situation of Public Calamity Declared in Angola
A Situation of Public Calamity was declared, as of 00:00 (zero) hours of 26 May 2020, and will be maintained for as long as there is a risk of contamination by COVID-19.
Cape Verde | 2020.05.28
Framework Approved For Security Interests Over Movable Assets
With the express aim of promoting and simplifying the granting of credit to companies and consumers, Decree-Law No. 48/2020, of 30 April 2020, approved the general legal framework for the creation of security interests over moveable assets and for the Movable Security Interests Registry (“Registo de Garantias Mobiliárias” – “RGM”).
Angola | 2020.05.22
Privatisation of Hotel Units
According to the 2019-2022 Privatisation Programme (PROPRIV), the privatisation process of the following four Hotel Units is about to start:
Timor-Leste | 2020.05.22
Highly Anticipated Onshore Petroleum Regulations have been Approved
The Government has just enacted the Onshore Petroleum Operations Regulation by means of Decree-Law No. 18/2020, dated 13 May 2020.
Côte D’ivoire | 2020.05.19
COVID-19: Lifting Restrictions & Other Measures
During the meeting of the National Security Council chaired by President Alassane Ouattara on Thursday, 14 May 2020, and after reviewing the evolution of the pandemic in the country, the following decisions were announced:
Portugal | 2020.05.19
COVID-19: Apoios financeiros dirigidos às micro, pequenas e médias empresas para a adaptação ao contexto da doença
Cape Verde | 2020.05.18
COVID-19: Extension of State of Emergency for Island of Santiago
By means of Presidential Decree No. 9/2020 and Decree-Law No. 51/2020, both dated 14 May 2020, the state of emergency for the island of Santiago, including the capital city of Praia, was regulated and extended until 29 May.
Cape Verde | 2020.05.14
Tax Changes Approved
Important changes to various tax laws were recently enacted through Law No. 86/IX/2020, of 28 April 2020. The changes aim mainly at strengthening transparency, fight tax evasion and avoidance and the efficiency of the tax administration. Some of the measures follow international commitments accepted by Cape Verde, including with the European Union. The new law came into force on 29 April 2020.