Mr Frederico Rato

Frederico Rato

Updates

Private Client & Offshore Services

Government policy in light of Macau's demographic and economic challenges
Macau | 28 January 2016

The recent rapid growth of Macau's economy, largely based on the gaming industry, has resulted in the highest income per capita in the world. However, the same economic developments have put enormous pressure on the human and social fabric of Macau. The consequences of these economic and social changes have been tentatively remedied by measures announced by Macau's secretary for security.

Bank Deposit Guarantee Scheme to become permanent
Macau | 19 January 2012

In 2008 a temporary Bank Deposit Guarantee Scheme was implemented which assured the reimbursement of deposits held in all banks authorised to operate in Macau, with the exception of those considered 'offshore'. Although there was no real need to resort to the scheme, the measure was deemed a success. A draft law to establish a permanent scheme has now been presented to the Legislative Assembly.

Government proposes law on real estate activity
Macau | 01 September 2011

In order to address the problems arising from the large number of people working in the real estate sector who lack the necessary competence, the government recently requested that a comparative study of the legislation which governs the sector in other countries and regions (eg, Hong Kong, Taiwan and Portugal) be carried out with a view to developing a draft law to be submitted for public consultation.

New special stamp duty intends to reduce real estate speculation
Macau | 07 July 2011

The recent economic growth in Macau has led to a sharp rise in housing and office property prices. To counter the speculation in the housing market and to ensure the healthy and sustainable development of the property market, the Legislative Council has passed a bill to stabilise the housing market by introducing a special stamp duty on property and property rights transaction within two years of the transaction.

Court of Final Appeal clarifies conflicting rulings
Macau | 16 June 2011

The Court of Final Appeal has clarified conflicting interpretations of the law which had been endorsed by two separate Court of Appeal judgments. The case in question related to a civil claim for damages to be deducted in a criminal proceeding. The court had to define, in a tort law situation arising from a wrongful act, the date from which the obligation becomes liquid, and hence, the date from which the debtor is in default.

Real Estate

Macau land regime – an overview
Macau | 23 September 2011

Despite the fact that a revision of the Land Law has been under public consultation since January 2011, no forecast has been announced as to when such revision will be presented to the Legislative Assembly, approved or enter into force. As such, the law, which dates back to July 1980, remains the main piece of legislation relating to land in Macau. This update outlines the law's key provisions.

Government proposes law on real estate activity
Macau | 02 September 2011

In order to address the problems arising from the large number of people working in the real estate sector who lack the necessary competence, the government recently requested that a comparative study of the legislation which governs the sector in other countries and regions (eg, Hong Kong, Taiwan and Portugal) be carried out with a view to developing a draft law to be submitted for public consultation.

New special stamp duty intended to reduce real estate speculation
Macau | 08 July 2011

The recent economic growth in Macau has led to a sharp rise in housing and office property prices. The Legislative Council has passed a bill to stabilise the housing market by introducing a special stamp duty on property and property rights transactions within two years of the transaction.