On 1 January 2017, article 348 bis of the Spanish Law on Corporations (“LOC”) came into force again. It had been in force for less than nine months (from October 2011 to June 2012) and then it was suspended until the aforementioned date. The article establishes the right of separation for shareholders in the event of a lack of distribution of dividends.
When encountering a reference to the “Big Four” one undeniably used to think of the biggest four accounting firms in the world. Recently though, it might be necessary to check the context, as the reference could perfectly be made to the four largest “tech” companies in the world (Facebook, Google, Apple and Amazon).
Being an economy heavily dependent on its oil resources, Angola has been struggling to mitigate the effects of the current oil crisis and continue to be one of the most promising emerging economies in the world.
Europe is in the midst of economic, political and social turmoil. Brexit, the migrant crisis, the sovereign debt crisis and anti-European Union (EU) parties winning support in several countries bringing uncertainty. Despite the presence of political strategies capable of defending the European project, there is a business perspective that should be considered.
In 2015, the Portuguese Parliament passed Law no. 18/2015, which reviewed the legal framework of venture capital and established, for the first time, the rules of social entrepreneurship and specialised alternative investment in Portugal, by partially transposing Directives no. 2011/61/EU and 2013/14/EU, and assuring the enforcement of EU Regulations no. 345/2013 and 346/2013 in the Portuguese legal system.