Riquito Advogados
In the midst of a global economic crisis of proportions unseen for generations, the financial woes of many businesses have become such that today, the pursuit of survival has taken the place of the pursuit of profit. Come the time for yearly accounting, companies based in the Macau SAR may be faced with a situation where their net value has decreased to such a level that the law mandates immediate action. Such is the case of Article 206 of the Commercial Code, the terms and provisions of which stipulate that, should the board of directors verify through the annual accounts that the company’s net value is lower than half of its share capital, it is compelled under the penalty of criminal law to submit for approval by the shareholders a resolution which embraces one of the three solutions set forth by the legislator.
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Sponsored by Riquito AdvogadosJoão Nuno Riquito and Belmiro Leong of Riquito Advogados explain quasi-capital contributions and why this financing instrument, as opposed to traditional means, can safeguard the interests of a company, its shareholders, and its creditors
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Sponsored by Riquito AdvogadosBruno Almeida and Kimberley Cheong of Riquito Advogados summarise Macau’s new legal initiatives to tackle illegal gaming as the city strives to become one of Asia’s leading tourism, cultural, and leisure spots
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Sponsored by Riquito AdvogadosThe introduction of the e-pataca is just one of several measures signifying Macau’s move away from a focus on the gaming industry, say Daniel de Senna Fernandes and Bruno Almeida of Riquito Advogados
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Sponsored by Riquito AdvogadosA number of lawsuits are pending against gaming concessionaires after clarification of whether they are jointly and severally liable for players’ deposits, say Bruno Almeida and Paulo Alves Teixeira of Riquito Advogados
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Sponsored by Riquito AdvogadosJoão Nuno Riquito and Belmiro Leong of Riquito Advogados explain the expanded role of the company secretary in Macau and its relation to good corporate governance.
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Sponsored by Riquito AdvogadosJoão Nuno Riquito and Hália Cerqueira of Riquito Advogados report on a one-stop dual listing initiative between Macau and Luxembourg that is expected to build international financing channels and foster financial innovation
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Sponsored by Riquito AdvogadosJoão Nuno Riquito and Kimberley Cheong of Riquito Advogados highlight Macau’s bold new proposals to overhaul its legal framework to better serve its banking industry
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Sponsored by Riquito AdvogadosJoão Nuno Riquito and Paulo Alves Teixeira of Riquito Advogados highlight the main points in approved legislation concerning the regulation of trusts in Macau
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Sponsored by Riquito AdvogadosJoão Nuno Riquito and Daniel de Senna Fernandes of Riquito Advogados explain the recent changes regarding the debt securities market in Macau as the region pursues further integration in the Greater Bay Area
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Sponsored by Riquito AdvogadosJoão Nuno Riquito and Kimberley Cheong of Riquito Advogados outline the complexities of determining shareholder liability for a company’s debts, and the options available to investors
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Sponsored by Riquito AdvogadosJoão Nuno Riquito and Belmiro Leong of Riquito Advogados explain why usufruct over shares is a desirable option for shareholders
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Sponsored by Riquito AdvogadosJoão Nuno Riquito and Paulo Teixeira of Riquito Advogados discuss the licensing of gaming promotion in the Macau SAR
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Sponsored by Riquito AdvogadosJoão Nuno Riquito and Daniel de Senna Fernandes of Riquito Advogados discuss amendments to the law that reinforces the definition of illegal lodging and the associated penalties
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Sponsored by Riquito AdvogadosJoão Nuno Riquito and Bernice Kwok of Riquito Advogados discuss the launch of Macau’s central securities depository system
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Sponsored by Riquito AdvogadosJoão Nuno Riquito and Kimberley Cheong of Riquito Advogados explain how the government aims to balance its financial budget in light of continued deficits
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Sponsored by Riquito AdvogadosJoão Nuno Riquito and Francisco Trigueiros da Cunha of Riquito Advogados describe how the Macau SAR Tax Code will update the local tax system
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Sponsored by Riquito AdvogadosJoão Nuno Riquito and Valéria Wong of Riquito Advogados provide an update on Guangdong-Macau SAR’s in-depth cooperation plan including tax relief measures
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Sponsored by Riquito AdvogadosJoão Nuno Riquito and Belmiro Leong of Riquito Advogados assess the main areas of the region’s gaming law put forward for discussion
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Sponsored by Riquito AdvogadosJoão Nuno Riquito and Paulo Alves Teixeira of Riquito Advogados consider how Macau SAR’s new hotel business law will help diversify the region’s hospitality sector
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Sponsored by Haiwen & PartnersIFLR Asia Best Lawyers 2021 presents Asia's top legal practitioners, according to market data, peer review and client feedback
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Sponsored by Riquito AdvogadosJoão Nuno Riquito of Riquito Advogados shares his expert advice for upcoming lawyers and discusses his thoughts on the legal market in 2021 and beyond
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Sponsored by Riquito AdvogadosJoão Nuno Riquito and Bruno Almeida of Riquito Advogados explain the new consumer’s regulation that comes into force on January 1 2022
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Sponsored by Riquito AdvogadosJoão Nuno Riquito and Daniel de Senna Fernandes of Riquito Advogados explain how the Macau SAR government is turning to technology to diversify the local economy
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Sponsored by Riquito AdvogadosJoão Nuno Riquito and Belmiro Leong of Riquito Advogados consider how the issuance of perpetual bonds can benefit companies in Macau SAR
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Sponsored by Riquito AdvogadosJoão Nuno Riquito and Daniel de Senna Fernandes of Riquito Advogados explain why Macau SAR may soon look to embrace digital currency and crypto-assets
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Sponsored by Riquito AdvogadosJoão Nuno Riquito and Bernice Kwok of Riquito Advogados discuss how strengthened regulatory cooperation will help boost cross-border investment in the Greater Bay Area
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Sponsored by Riquito AdvogadosSteps to achieve this include preparing a new legal regime for the financial system and creating the required infrastructures
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Sponsored by Riquito AdvogadosRiquito Advogados lawyers outline how the pandemic has accelerated the growth of mobile payments in Macau SAR
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Sponsored by Riquito AdvogadosContractual relations between governments and the private sector are usually dictated by a strict set of rules and regulations, that are set in place as an assurance that the public interest is protected and that the public procedures are transparent and subject to the necessary advertising and competitive tendering requirements. In this context, the exceptional public health situation we are living in represents a true game changer, posing challenges to the existing legal frameworks and imposing upon governments the task to quickly adapt the regulatory system to provide answers to the ever evolving pandemic situation.
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Sponsored by Riquito AdvogadosLawyers from Riquito Advogados explain how companies can continue to engage with shareholders in spite of local lockdowns and travel bans
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Sponsored by Riquito AdvogadosAny assessment of the overall impact of the SARS CoV2 outbreak, also known as coronavirus, on global and local economies and, generally, on nearly any issue of relevance for all countries and regions, would be premature and would likely turn out to be no more that futurology. However, it is already obvious that there are significant and measurable direct and indirect implications on legal markets and systems around the world.
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Sponsored by Riquito AdvogadosOn November 5 2019, Law 19/2019 was announced in the Macau Official Gazette. This Law sets out the new regime for voluntary arbitration, as well as for the confirmation and enforcement of arbitral decisions issued by arbitration courts outside the Macau SAR Legislative.
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Sponsored by Riquito AdvogadosIn late December, 2019, a new and consequential step toward fiscal transparency and accountability on par with international standards was decisively taken by the Government of the Macau Special Administrative Region with the approval of Law No. 21/2019, a revision of the Complementary Tax Law.
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Sponsored by Riquito AdvogadosThe Monetary Authority of Macau (AMCM) prepared new guidelines for additional due diligence and control by the banks operating in Macau over customers that engage in transactions that may be connected to gaming activities.
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Sponsored by Riquito AdvogadosMacao SAR has been under pressure in recent years to adjust its tax laws to international standards. While a long overdue, wide Macao SAR tax system reform continues to be delayed, some new laws and several adjustments to the existing laws are being introduced to meet up with the undertakings assumed by Macao SAR and its motherland in the international spectrum.
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Sponsored by Riquito AdvogadosAt a time when Macau is continuously striving to develop economic diversification and strengthen its role as a world leisure and tourism centre, the new draft Hotel Business Law, which is still under discussion in the Macau Legislative Council, is designated to liberalise and diversify the hospitality industry in various ways.
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Sponsored by Riquito AdvogadosSubject to a vote this month at the Macau Legislative Council (LegCo) is the Cybersecurity Bill. This Bill aims to bring Macau up to speed as regards the protection of the institutions and citizens of Macau against the malfunctioning of the computer systems of the public and private entities that operate critical infrastructures, in particular against unauthorised actions such as hacking.
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Sponsored by Riquito AdvogadosSince President Kennedy's proclamation, in 1962, that "consumer, by definition, includes us all", modern legal systems have increasingly dedicated their attention to consumer relations and rights. The impact of such legislation, however, is thought to reach much deeper than the immediate protection of consumers in their relations with business operators: consumer protection laws tend to increase consumers' confidence and, consequently, they serve as an important factor in increasing (or maintaining) consumption levels.
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Sponsored by Riquito AdvogadosPublic procurement rules and procedures in Macau at the moment are spread among the different statutes that regulate the different types of contracts that can be entered into with/by Macau public entities. However the government is preparing a Bill with the goal of simplifying and updating, as well as enhancing the public procurement legal regime.