Across the globe, tax is at the top of the agenda in newsrooms and boardrooms alike, owing to a marked rise in the number...
REGULATION Nr. 1/2018 List of personal data processing activities that must be subject to a Data Protection Impact Assessment (“DPIA”) The CNPD (Portuguese Data Protection National...
Portugal: Legal Regime on the Beneficial Ownership Central Register – Implementation Ministerial Order
In Portugal, the Ministerial Order 233/2018, which regulates the Legal Regime on the Beneficial Ownership Central Register, was issued.
The Council of Ministers recently approved Draft law n.º 67/2018 that will ensure the implementation of the GDPR in Portugal.
In an opinion issued on 22 November 2017, EU-the Advocate General confirmed that the EU competition law provisions do not apply to companies that are part of the same corporate group. However, assurances from those companies might be necessary in case of simultaneous participation in public tendering process in order to protect the free and fair competition between all tenderers.
On October 7, 2017, the EU Commission published its updated study on corruption in the EU healthcare sector. Companies in the healthcare industry should rethink their policies and procedures based on the results of this Europe-wide study.
Preventive and repressive measures against money laundering and terrorist funding entered in force last September, 17 by means of Law no. 83/2017, of August 18. Some of the measures within a pack of prevention and repression were forecast for regulation.
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.
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.