Energy

Energy markets still in unrest – Garayar Asociados

Despite efforts to liberalise Spain’s energy markets since 1997, first through the enactment of the Electricity Act and a year later the Gas & Oil Bill, the situation nonetheless remains unsettled, says Emiliano Garayar at Garayar

Uncategorized

Portugal Implements the IP Enforcement Directive

Portuguese Law 16/2008 (published on 1st April, 2008) enacted European Directive 2004/48/CE relating to the enforcement of IP rights and amended the Authorship and Neighbouring Rights Code (Authorship Code) and the Industrial Property Code (IP Code).

Uncategorized

Portugal’s single insolvency regime

Expressions such as the 'sub-prime crisis' and 'credit crunch' have become all too familiar in the last 10 months, with many leading financial institutions collapsing, or having to significantly increase their capital to cover losses. Economists

Banking & Finance

Anti-dilution protections – Araoz & Rueda

Private equity (PE) investors generally seek protection from dilution by other investors in later rounds. Anti-dilution protection is separate from the preferential subscription rights, which give priority to existing shareholders to subscribe for new shares

Tax

Portugal’s new state-owned property regime – PLMJ

The reform of the legal framework for state-owned property, driven by objectives of simplification, financial rigour and greater administrative efficiency, was enacted by Decree-Law 280/2007 of 7 August, which came into force last September. The significance of