On August 24, 2017, President Trump signed an Executive Order imposing additional sanctions on Venezuela. The Order states that these sanctions, which primarily target the Government of Venezuela and the Venezuelan oil industry, are in response to the deepening political and humanitarian crisis in Venezuela.
In addition to the establishment of the Beneficial Ownership Central Register, the Law requires legal entities to maintain an updated record of the shareholders and persons controlling the company.
Although firms will not be expected to have completed all aspects of implementation by 30 September, firms must move quickly to complete initial steps including risk assessments and implementation plans.
Hong Kong court: Trading while possessing price sensitive information not an offence if motivated...
The Hong Kong Court of Appeal recently upheld that dealing in securities while withholding or not disclosing price sensitive information does not constitute insider dealing provided that the dealing was not in any part caused by the price sensitive information.
After seven years the Portuguese Data Protection Authority has now revised a decision on the maximum period of retention of the personal data resulting from call recordings.
On August 23, 2017, a new law regulating the use of cash as mean of payment came into force in Portugal and significantly lowered the amount of cash payments.