José Miguel Oliveira (Partner) and António Penelas (Managing Partner of ASP – Sociedade de Advogados, RL, VdA Legal Partners exclusive member in Angola) write an article for The Lawyer, entitled “The Angolan Factor”, where they write about the impact that, the crisis triggered by the pandemic, had in this country and also about the new legislation that is being created to reform its economy.
“This is the deepest recession since the Second World War, the World Bank said. The first crisis of a globalised world, we say. Angola was severely hit. In addition to the recession caused by the pandemic, its oil-dependent economy has had to adjust to the sharp drop in oil prices and restrictions under the OPEC and production agreement”
Read the article here.
