As the year of 2016 is coming to an end, there is an interesting melting pot of draft legal frameworks and circumstances in Portugal that call for renewed focus on the advantages of competition law compliance.
The conclusions presented on 13 July by the Advocate-General of the European Court of Justice regarding the compatibility of the limitation of the retroactivity of the annulment of floor clauses with EU law seem not to have entirely cleared up the matter. And not merely because, as is well known, such conclusions are not binding on the Supreme Court, which ultimately will have the last word, but especially because the conclusions cast a certain shadow over what transpires in individual cases.
The Portuguese Government has approved several measures and taken a number of legislative initiatives aimed at improving the National Healthcare Service, notably focusing on access, fairness, quality and efficiency issues. Among the areas addressed, advertising and promotion regulations applicable to medicines and medical devices were the subject of legislative amendments.
After a long and troubled process, in April 2015 the EU Regulation no. 2015/751 of the European Parliament and Council (Regulation on the Interchange Fees) was approved. The most striking feature of this regulation was the setting of maximum limits for the interchange fees applicable to debit card-based payment transactions (0.2 per cent of the value of the transaction) and credit card-based payment transactions (0.3 per cent of the value of the transaction).
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.
The European Commission has adopted the legal framework for international data transfers between the US and the European Union. The framework concerns the new data protection agreement ´privacy shield´, which concerns international transfers made to US entities. US entities can be certified from 1 August, and may import personal data without the need for exporting European entities to have to seek authorisation from the various European authorities on data protection.