Considering the current economic and social circumstances brought by the COVID-19 pandemic, and following the renewal of the declaration of a state of emergency, the Secretary of State for Tax Affairs has clarified, through Order No. 138/2020-XXII, the stamp duty rules applying to cases of deferral of the repayment of loans, as well as to […]
The exceptional circumstances currently being experienced cannot fail to be considered by the corporate bodies of commercial companies, both the management and the bodies where the shareholders participate. In Portugal, Decree-Law No. 10-A/2020 was published on March 13, establishing exceptional and temporary measures related to the present epidemiological situation. With relevance to corporate law, article […]
One of the main characteristics of the time of COVID-19 is the constant adaptation required from societies, undertakings, persons, governmental institutions, either national or supranational, in order to balance the demands of public health (which is a responsibility of the States) with the need to keep the economy and society running. During this time, as Sérvulo […]
The Covid-19 pandemic quickly changed the way we related with each other and worked. It is already changing the way we conduct day to day businesses. Due to social distance impositions that are deemed to last weeks or even months, on-line trading, e-shopping and home delivery may be the way. Although challenging, it may not even […]
In response to the difficulties faced by the companies whose activity is affected by the economic effects of the COVID-19 pandemic, the Portuguese Government has approved, by the Council of Ministers Resolution no. 10-A/2020, of 13 March (amended by the Council of Ministers Resolution no. 11-A/2020, of 23 March), a set of measures to provide […]
In March of 2020, the European Securities and Market Authority (“ESMA”) issued a sequence of recommendations to financial market participants in light of the enduring impact of the COVID-19 outbreak on financial markets. The recommendations pertain to business continuity planning, market disclosure, financial reporting and fund management. In regard to Business Continuity Planning, ESMA recommends that market […]
The National Data Protection Commission (CNPD) published on its website an orientation dated 23 April on the collection of Employee’s Health Data. Under the terms of the aforementioned guidelines, the employer cannot collect and record the workers’ body temperature or other information related to the health or possible risk behaviours of their employees. This prohibition […]
The spread of COVID-19 has led to several adversities in companies’ regular operational performance, legitimising a major legislative profusion to address the new challenges. In view of supporting the economic activity, rules for the deferral of the payment of Social Security contributions are being defined. To this end, the Portuguese Minister of Labour, Solidarity and Social […]
Considering the effects that the spread of COVID-19 will have on the economic activity, the Secretary of State for Tax Affairs has issued Order 104/2020.XXII, on March 9th, intended at adopting several measures to extend the deadlines for voluntary compliance with tax obligations, as well as extending the possible causes for the verification of the so-called […]
The COVID-19 outbreak has led to severe (although necessary) actions from Member States that restrict the normal activity of several economic sectors such as tourism, restauration and commerce. These measures, unavoidably, cause serious difficulties to undertakings that are unable to function and finance themselves as usual. In turn, this creates a serious risk for the […]
With the purpose of ensuring liquidity for companies, preserve their activity and the job posts they create, Decree-Law no. 10-F/2020, of March 26, established an exceptional and temporary regime of compliance with tax obligations and Social Security contributions, in the context of the COVID-19 disease pandemic, namely by making the respective payment more flexible. This […]
Last week the European Commission published Recommendation (EU) 2020/403 on the conformity assessment and market surveillance procedures for Personal Protective Equipment (“PPE”) and medical devices within the scope of COVID-19. In view of the sharp increase in demand, the Commission wants economic operators in the supply chain and market surveillance bodies and authorities to employ all possible […]