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Supreme Court clarifies late payment of insurance compensation
Morais Leitão, Galvão Teles, Soares da Silva & Associados
  • Portugal
  • April 03 2018

When an insured event takes place, the insurer is bound to compensate the insured for the corresponding loss. However, the law is not entirely clear as to the moment when this payment should occur. Although Portuguese judicial decisions on this subject have thus far been inconsistent, a recent Supreme Court judgment appears to have shed light on the intended scope and meaning of the relevant legal provisions.

General good provisions: freedom of establishment and freedom to provide services
Morais Leitão, Galvão Teles, Soares da Silva & Associados
  • Portugal
  • February 20 2018

The Insurance Supervisory Authority (ASF) recently published a consultation paper requesting comments on the draft regulatory norm, which sets out the general good provisions applicable to insurers acting in Portugal under the freedom of establishment or freedom to provide services. The draft sets out a number of general good provisions which would be applicable to the distribution of all types of insurance and provisions which would apply to the distribution of mandatory insurance and life insurance products.

A tax conundrum for Portuguese and foreign insurers
  • Portugal
  • August 17 2010

As a result of two recent changes, the tax regime on insurance contracts under the EU free provision of services appears to have become more advantageous than the regime applying to contracts under Portuguese law. However, fiscal issues are rarely so simple in Portugal and taxpayers must consider the procedures required to make taxation effective.

VdA
VdA
Margarida Lima Rego
Morais Leitão, Galvão Teles, Soares da Silva & Associados
  • Lisbon
  • Portugal
Nuno Sobreira
Morais Leitão, Galvão Teles, Soares da Silva & Associados
  • Lisbon
  • Portugal
Francisco Vieira de Almeida
Morais Leitão, Galvão Teles, Soares da Silva & Associados
  • Lisbon
  • Portugal