July 2015

July 23,2015

Employee accidents during Hoisting of Tropical Cyclone defined as work accidents for the purpose of the Decree-Law No. 40/95/M

The Law No. 6/2015, amending the Decree-Law No. 40/95/M which defines the compensation regime for damage arising from work accidents and occupational diseases, was published on the 29th of June 2015 and will be effective on 14 August 2015.

The most important change reflected in this amendment is the addition of several new circumstances that give rise to compensation for work accidents and occupational diseases.

The accidents occurred during the period when employees are directly routing back and forth between their residence and the workplace during tropical cyclone warning signals at or above the level No. 8, provided that they occur within three hours before or after the normal working period are qualified as work accidents.

Another relevant change is the addition of two new articles to Decree-Law No. 40/95/M which regulates the responsibility terms of the corporate entities regarding the damages arising from work accidents and occupational diseases.

According to the new Articles No. 68-A and 68-B, all the corporate entities, even those that are irregularly incorporated, unincorporated associations and special committees are liable for the offenses prescribed under the Decree-Law No. 40/95/M when committed in their name and in their collective interest by their organs or representatives.

Hong Kong – Anti-money laundering controls to address tax evasion

On 31 March 2015, the Hong Kong Monetary Authority (HKMA) issued a new guidance paper on Anti-Money Laundering (AML) Controls over Tax Evasion, which sets out new practices regarding how Authorized Institutions (AIs) should handle tax evasion risk in Hong Kong to safeguard themselves and the integrity of Hong Kong as an international financial centre.

Under the new Guidance Paper, AIs are expected to give full consideration to the adoption of the practices set out in the paper, where necessary, taking into account their money laundering risks in respect of tax evasion.

Thus, according to the new Guidance Paper, tax evasion risk should be part of the overall approach to monitoring AML risk and the new provisions need to be integrated into the existing AML framework.

Additionally, this document summarises all the latest regulatory requirements and recommendations for monitoring anti-money laundering risk.

UNEMPLOYMENT RATE–(March to May) – 1,8%
VISITOR ARRIVAL(May 2015) – 2,548,562

Macau Laws & Regulations:

Releated Stories
November 14, 2022 -

Interview of Dr. Zhao Lu on TDM

Dr. Zhao Lu, the Senior Partner of C&C, was honored to be invited as a guest speaker on the TDM program "Red Rhythms"to address the Law of Macau a...

November 05, 2022 -

C&C Lawyers’ sponsor on 928 Challenge 2022

C&C was pleased to sponsor this year’s edition of the 928 Challenge in Macau, a startup competition for university students from China and Portugu...

November 05, 2022 -

Field Visit of students from the City University of Macau to C&C Lawyers

On 3 of November 2022, a class of 30 students from the City University of Macau, from the Faculty of Business and the Business Law class (BBA - second...

September 28, 2022 -

AllBright (Qingdao) Law office’s visit to C&C Lawyers Macau

On September 27, 2022, eight representatives of the Chinese law firm AllBright Qingdao office were warmly welcomed by our office, C&C Lawyers Ma...

May 19, 2022 -

C&C Lawyers’ Senior Partner Nuno Sardinha da Mata and other Macau Financial Law Association experts visited the Hengqin Guangdong-Macao In-Depth Cooperation Zone

On May 13th, the Zhuhai Hengqin Qin Ao Financial Services Co., Ltd. hosted experts from the Macau Financial Law Association in the Hengqin Guangdong-M...

April 29, 2022 -

C&C Lawyers and Dentons sign strategic cooperation agreement

On April 28, 2022, C&C Lawyers and Notaries and international law firm Dentons signed a strategic cooperation agreement. C&C Lawyers and Dent...