This Tuesday, the Council of Ministers approved the Regulation for the Management of Assets Seized or Recovered in Favor of the State, which establishes the administrative procedures for the management of seized or recovered assets and the Asset Management Office.

The Regulation also applies to the Asset Management Office in the context of its work with the Central and Provincial Asset Management Offices and with other judicial authorities, in the context of national proceedings or acts arising from international legal and judicial cooperation.

In the same session, the revision of the decree of the regulation of prior communication for the exercise of economic activities.

The regulation establishes the legal regime applicable to the mere prior communication for the exercise of economic activities and applies to individual entrepreneurs and national business companies and foreign individual entrepreneurs in accordance with the criteria established in the Commercial Code, provided that they intend to carry out economic activity in national territory. (Notícias/TVM)