Law no. 39/2018, of August 8th, was officially published, which establishes a minimum advance period of 120 days for the Portuguese Tax Authorities (“PTA”) provide the digital forms necessary to comply with the obligations regarding tax returns (“Modelo 3” and “Modelo 22”) and the annual statement of accounting and tax information (IES).
Proposed Law 028/2018 has come before the Colombian Congress, seeking to regulate the use of cryptocurrencies and cryptocurrency transactions in Colombia and to lay down measures to safeguard, monitor, inspect and oversee these types of transactions.
Businesses are increasingly influenced by changes, threats and opportunities in technological, regulatory, reputational and strategic spheres; mergers and acquisitions and other business decisions can have a transforming reach. The so called business judgment rule (“BJR”), in the terms and with the limitations described, sets out a standard of care of an orderly businessman, designed to give a certain degree of immunity to directors so they can take a reasonable amount of risk, a natural component of any business decision.
Respectively on June 28, 2018 and June 30, 2018, the National Development and Reform Commission and Ministry of Commerce jointly issued the Special Administration Measures on Foreign Investment Access (Negative List) (2018 Edition) (hereinafter referred to as the “2018 Negative List”) and the Special Administrative Measures on Foreign Investment Access to Pilot Free Trade Zones (Negative List) (2018 Edition) (hereinafter referred to as the “2018 Negative List of FTZ”), to be implemented respectively on July 28, 2018 and July 30, 2018.