Angola | 2020.07.02
Implementation of Duties to Prevent and Combat Money Laundering, Financing of Terrorism and Proliferation of Weapons of Mass Destruction
BNA Order (Aviso) No. 14/20, of 22 June 2020, which applies to Financial Institutions under the supervision of BNA, established rules on the effective implementation of the duties provided for in the Law on the Prevention and Combating of Money Laundering, the Financing of Terrorism and the Proliferation of Weapons of Mass Destruction (Law No. 5/20, of 27 January 2020), as well as the conditions for exercising them, and the instruments, mechanisms and formalities inherent to the prevention and combating of money laundering, the financing of terrorism and the proliferation of weapons of mass destruction.
Senegal | 2020.07.01
Senegal Lifts COVID-19 State of Emergency
Senegalese President Macky Sall announced the lifting of the Covid-19 state of emergency in order to mitigate the economic consequences of the lockdown in the country.
Renewal of Sanitary Fence in the Luanda Province and Extension of Immigration Titles
Considering that Angola is still under a Public Calamity situation, the Government approved the following measures by means of Joint Executive Decrees Nos. 184/20 and 186/20, both of 25 June 2020, respectively:
Angola | 2020.06.25
Launch of Simplified Procurement Procedures for Public Works
Pursuant to Presidential Order No.85/20, Presidential Order No.86/20 and Presidential Order No. 88/20, all dated of 15 June 2020, and due to the urgent nature of the relevant works, the simplified procurement procedures for the following three projects were initiated:
Angola | 2020.06.19
Investment Facilitated by the Creation of an Investment Desk (Janela Única do Investimento)
In order to allow private investors to have a simplified and priority access to Public Administration services, as per article 26 of Law No. 10/18, of 26 June, Presidential Decree No. 167/20, of 15 June, has created a new investment desk, Janela Única do Investimento (JUI).
Angola | 2020.06.16
Privatisation of Assets in the Financial Sector
Following the Privatisation Programme (PROPRIV), the proceedings regarding the disposal of shares of Banco Angolano de Investimentos (BAI) and the privatisation of Empresa Nacional de Seguros de Angola (ENSA S.A.) have been initiated.
Timor-Leste | 2020.06.05
Oil & Gas Licensing round: Timor-Leste reserves a 20% participating interest in PSCs for TIMOR GAP
The Timor-Leste Government just published Government Resolution no. 15/2020, dated 3 June 2020, which reserves for the National Oil Company, TIMOR GAP, E.P., a maximum 20% participating interest in all production sharing contracts (PSCs) awarded as a result of the ongoing oil & gas licensing round.
Angola | 2020.06.05
Construction Industry and Public Works Subject to New Regulations
New regulations on (i) the construction industry, (ii) public works, (iii) construction projects, and (iv) supervision of construction works have been approved by means of Presidential Decree No. 146/20, of 27 May 2020. The new regulations define the licensing requirements for the carrying-out of said activities – which vary depending on the type of works and activities envisaged –, regulate the licensing process (including the documents and data that are to be submitted), and also set out the fines applicable in the event of infringement. The licenses to carry out construction activities, which were hitherto issued by the Civil Construction and Public Works Regulatory Institute alone, are now also issued by the Municipal Administrations and the Provincial Governments.
Angola | 2020.06.03
Creation of Working Group to Propose Measures on Remuneration System in Oil Sector
The Minister of Public Administration, Employment and Social Security (“MAPTSS”), jointly with the Minister of Mineral Resources, Petroleum and Gas (“MIREMPEG”), approved Order No. 1903/20, of 24 April 2020, by means of which a working group was created with the purpose of analyzing the remuneration systems currently practiced in the oil sector and proposing measures that would provide stability and equality and guarantee social peace within the industry’s companies.
Timor-Leste | 2020.06.03
Reopening of Miranda & Associados’ Díli Office
As you are aware, throughout the lock down measures imposed by the fight against COVID-19, Miranda & Associados and our Díli office staff decided to remain in Díli, to continue to provide the levels of service to which our clients have become accustomed, and which we have committed to provide over the years. Despite the challenges of remote working, our Díli office staff has continued to be of assistance to our client base, and to visit those official services that have remained open on a regular basis, so as to provide you with the most up-to-date legal advice.