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.
The recent episodes arising from the collapse of several national banks, in particular the latest scandal involving the Espírito Santo´s Group, led to the modification of sanctions in the Portuguese Securities Code.
There is a rather ancient saying that suggests it is easy to guess the nationality of certain individuals: if he speaks highly of France, he shall be French; if he praises the United Kingdom, he is certainly a Brit and if he speaks badly of Spain, he is a Spaniard for sure.
On 6 January 2017, Decree Law 5/2017 was published in Portugal approving the general principles of advertising of medicines and medical devices, and establishing the rules concerning scientific actions to be carried out in establishments, services and bodies of the public health service, “Serviço Nacional de Saúde” (SNS).
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).