June 2017

Belzuz Abogados - Despacho internacional de abogados (España y Portugal)
 

Dear Sir / Madam,


We are pleased to send you our first newsletter in English ,with articles of Spanish and Portuguese jurisdiction and laws that we hope you will find interesting .

Cordially,
BELZUZ ABOGADOS S.L.P
Madrid | Lisbon | Oporto
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Seminar on Disruptive Innovation and the Future of Insurance

Seminar on Disruptive Innovation and the Future of Insurance

Seminar on Disruptive Innovation and the Future of Insurance: InsureTech & Artificial Intelligence

 

Thursday, June 15, 2017 (New York City)

 
Belzuz Abogados S.L.P. and Insuralex Global Insurance Lawyers Group are pleased to invite you to the seminar on Disruptive Innovation and the Future of Insurance that will take place on June 15, 2017 in New York City.

Seminar on Disruptive Innovation and the Future of Insurance: InsureTech & Artificial Intelligence
 

INSURANCE LAW DEPARTMENT - PORTUGAL

 

The 4th AML Directive on the Prevention of the Use of the Financial System for the Purposes of Money Laundering or Terrorist Financing and Insurance Marketing and Distribution

 
The 4th Directive on the Prevention of the Use of the Financial System for the Purposes of Money Laundering or Terrorist Financing (4th AML Directive) transposition deadline shall expire at 26th of June, 2017, date from which several relevant and innovatory rules will come into force on what regards the measures to be taken by insurance undertakers and insurances intermediaries.
 
The 4th AML Directive on the Prevention of the Use of the Financial System for the Purposes of Money Laundering or Terrorist Financing and Insurance Marketing and Distribution
 

Freedom to provide services in Portugal and Ombundsman appointment obligation

 
The Portuguese insurance supervisory authority (“Autoridade de Supervisão dos Seguros e Fundos de Pensões” or “ASF”) official position on the subject states that the EU insurance companies operating in Portugal under the freedom to provide services must appoint a Portuguese based Ombudsman, position that is not expressly mentioned in the law and raises several reasonable questions.
 
Freedom to provide services in Portugal and Ombundsman appointment obligation
 

INSURANCE LAW DEPARTMENT - SPAIN

 

Proposed changes to the law on the distribution of insurance

 
In this article, we shall analyse the proposed changes to the law on the distribution of insurance introduced by the Draft Private Insurance and Reinsurance Distribution Act [Ley de Distribución de Seguros y Reaseguros Privados, LDSRP], which will implement Directive (EU) 2016/97 of the European Parliament and Council of 20 January 2016 and will become law on 23 February 2018.
 
Proposed changes to the law on the distribution of insurance
 

LABOUR LAW DEPARTMENT - SPAIN

 

Compensation for failure to comply with an Executives’ and qualified personnel’s post-contractual non-competition covenant

 
Non-competition covenants are common in Company Executives’ and qualified personnel’s contracts. They can be freely entered into by the parties, subject to the Company having a legitimate industrial or commercial interest, and the employee receiving “adequate” compensation. However, they can include abusive and disproportionate penalty clauses if the employee breaches them, as the Employment Division of the Supreme Court has recently recognised.
 
Compensation for failure to comply with an Executives’ and qualified personnel’s post-contractual non-competition covenant
 

FAMILY LAW DEPARTMENT - SPAIN

 

Same-sex marriage, adoption and divorce - Spain and Portugal

 
The number of divorces obtained by same-sex couples is higher than that of heterosexual marriages, over the same period of time, both in Spain and in other countries.
 
Same-sex marriage, adoption and divorce - Spain and Portugal
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oporto@belzuz.com
 
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