PLMJ

1. Introduction Transmission services used in the provision of M2M services are growing in importance. As a result, in May 2019 ANACOM (the Portuguese communications regulatory authority) launched a public consultation1 to collect input on the possible creation of a specific range in the national numbering plan (plano nacional de numeração - PNN) to accommodate these services. According to ANACOM, the aim of opening this range would be to respond to the significant increase in demand for numbers for machine-to-machine (M2M) services...

RENT UPDATE COEFFICIENT FOR 2023 Law no. 19/2022 was published in Diário da República (Official Journal) on 21 October 2022 and, among other measures, it establishes the rent update coefficient for the calendar year of 2023. During the next year, the annual update coefficient for rents of the several types of leases, both urban and rural, established in article 24 of Law no. 6/2006 of 27 February, which approved the New Urban Lease Regime (NRAU), will not apply. Conversely, the coefficient of 1.02 (2%) will apply, unless otherwise stipulated by the parties. This coefficient of 1...

Castellana Properites, Socimi of the South African fund Vukile Properties, is to make its first acquisition in Portugal with the purchase of three shopping centres from Harbert European Real Estate.PLMJ advised Castellana Properties throughout the negotiation process and tax structuring of the transaction, which will be completed in October. The binding sale and purchase agreement between the two parties was signed last week.The transaction is valued at €176.5 million and includes the acquisition of Loures Shopping, Rio Sul Shopping and the 8ª Avenida shopping centre...

12/12/2023PLMJ advised TCC (Taiwan Cement Corporation) on the acquisition of 60% of CIMPOR for €480 million.The deal was led by Diogo Perestrelo, partner and co-head of the Corporate M&A practice, and included João Regadas, managing associate, Ânia Cruz, João Trindade da Silva, Beatriz Veiga Santos, Carolina Inverno Branco, Inês Cruz Rodrigues, associates, and Maria Brasileiro de Mello, trainee...