Corporate and M&A

The General Corruption Prevention Regime sets forth the obligation for all companies with head offices in Portugal and for Portuguese branches of legal persons with head offices abroad that employ 50 or more workers, to issue an annual assessment report in April on the implementation of the Plan for the Prevention of Risks of Corruption and Related Offences (“PPR”) in relation to the previous year, containing in particular the quantification of the degree of implementation of the preventive and corrective measures identified, as well as the forecast of their full implementation.

This report must be published to its employees via the intranet and on its official website within 10 days of its publication.

The failure to set forth the PPR and to publicise it to employees constitute administrative offences with fines ranging from €1,000.00 (one thousand euros) to €25,000.00 (twenty-five thousand euros) for legal persons, which may be halved if the offences are committed negligently.