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  • E-money
    Publication . Antunes, José Engrácia
    O presente estudo tem por objeto a moeda eletrónica, vulgarmente designada “emoney”, enquanto fenómeno económico e jurídico. De uma perspetiva económica, o “emoney” representa uma nova espécie monetária, alternativa à moeda física (notas e moedas) e à moeda bancária (transferências escriturais de saldos bancários). Apesar da sua juventude, o “e-money” converteu-se já num popular meio de pagamento, especialmente no âmbito dos micropagamentos, comércio de retalho e comércio eletrónico (v.g., “Pay Pal”, “Worldpay”, “Revolut”, “Alipay”, “E-Gold”, “Mondex”, “Visa Cash”, “Google Wallets”, “Digicash”, etc.). De uma perspetiva jurídica, o “e-money” tem vindo a ser progressivamente objeto de consagração e regulação jurídicas um pouco em todo o mundo, destacando-se entre nós o “Regime Jurídico dos Serviços de Pagamento e da Moeda Eletrónica”, aprovado pelo Decreto-Lei n.º 91/2018, de 12 de novembro. Entre outros aspetos do regime legal que serão uma análise introdutória, incluem-se a noção jurídica de “e-money”, o seu estatuto jusmonetário, a sua emissão, utilização e circulação e, finalmente, os titulares de moeda eletrónica.
  • O dever de divulgação de informação privilegiada
    Publication . Antunes, José Engrácia
    Issuers who have requested or approved admission of their financial instruments to trading on a Regulated Market must inform the public as soon as possible of any inside information relating directly to them, that is, information that is non-public, precise, and if it were made public would be likely to have a significant effect on the price of the issuer’s financial instrument or related financial instruments. This paper aims at describing and analysing the concept and regulation of this duty of disclosure of inside information under Portuguese law
  • Director’s duties and conflicts of interest in the EMCA
    Publication . Antunes, José Engrácia; Naharro, Mónica Fuentes
    Dear Colleagues, Dear Participants, Ladies and Gentlemen, good afternoon. As you all know, the European Model Company Act (EMCA) is divided into a number of chapters concerning some of the major areas of company law, one of those divisions being Chapter 9, entitled Director's Duties. As members of the group of the EMCA project, we were asked by the organizers of this conference to prepare a presentation of this Chapter. This presentation shall be short, aiming essentially at providing a very general description of the main points of this Chapter, and thus aiming to opening the path to what we believe is the most important and stimulating part of the present workshop, that is, the comments of our discussants and the remarks and observations of the participants. The presentation will be divided into two major parts, following the division of the matters covered by the Chapter itself: firstly, the issue of the duties of directors (Part 1 of Chapter 9); and secondly, the issue of conflicts of interests (Part 2 of Chapter 9). But before of that, it might be useful to make some introductory remarks and to provide you with some background information regarding the history of this chapter, its general structure, and some strategic choices made by the EMCA group.
  • Fondos de inversión libre y derecho de sociedades
    Publication . Antunes, José Engrácia
    Los fondos de inversion libres (hedge funds) son institutions de inversion colectiva privada que, en un entorno regulatorio particular, recurren a unas complejas estrategias de inversitin orientadas a in consecution del maxima beneficio. El negocio que actualmente mueven estos "hedge funds" alcanza el billein de &flares. A diferencia de los deltic& fondos, los "hedge funds" son inversores activos que se implican en el funcionamiento y administrachin de las sociedades destinatarias de su inversion. El presente trabajo examina la incident& de dichos fondos en el derecho de sociedades presentando las causal y consecuenciasfle ese activismo en el gobierno y el control de las sociedades aminimas.
  • Os contratos comerciais
    Publication . Antunes, José Engrácia
  • Os fundos de investimento imobiliário
    Publication . Antunes, José Engrácia
    This paper is addressed to the “real estate investment funds” (“fundos de investimento imobiliário”), aiming at analyzing its concept, legal nature and juridical regime, in particular the legal status of the fund’s management company.