Publications - Securities Markets
The global health alert triggered by the spread of the new coronavirus known as SARS-CoV-2, which causes the disease COVID-19, is creating great challenges for companies. Governments around the world are tackling the situation by approving drastic…
The March 18, 2020 edition of the Official State Gazette has published Royal Decree-Law 8/2020 of March 17, 2020 on urgent and extraordinary measures to confront the economic and social impact of COVID-19. The decree-law comes into force on its…
The Spanish National Securities Market Commission (CNMV) informed on January 13, 2020 of its decision to render ineffective the criteria addressed to issuers of securities for their discretionary treasury stock transactions, published in 2013. These…
As already adopted by other EU member states, on 12 September 2019 contingency measures were approved by the Portuguese Council of Ministers and should be applied to credit institutions, investment companies and management entities with head office…
On the 4th of September 2019, Law no. 97/2019 was published in Portugal’s Official Journal introducing the first amendment, approved under a parliament review, to the Real Estate Investment and Asset Management (SIGIs) regime,…
10 main features of Portuguese REITs
The new regulation clarifies the concepts of inside information and relevant information, gives greater flexibility to issuers as regards the dissemination of inside information and broadens the notifications of transactions carried out by their…
It’s now easier than ever to finance a project in Spain through a bond issue. The reforms introduced in recent years to the Capital Companies Law and the Securities Market Law, coupled with the approval of the Business Financing Law, have made…
The following Regulations were published in the Official Journal of the European Union on December 28, 2017.
Following the Commentary that we have made available on 10 May 2017, informing about the entry into force of Law no. 15/2017, of 3 May – which prohibits the issuance of bearer securities and foresees the creation of a transitional…
On 26 June, the regime applicable to the appropriation of the pledged asset under a commercial pledge agreement was approved by Decree-Law no. 75/2017, of 26 June 2017.
Prohibition on the issuance of bearer securities – entry into force of Law no.15/2017, of 3 May, which prohibits the issuance of bearer securities and foresees the creation of a transitional regime for the conversion of the existing…