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Archive for September, 2009

Sep200930

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Art Exhibition in Silves

Silves Art Exhibition

Silves Art Exhibition

Running from 21 June to 27 September, one of the events in this summer’s Allgarve cultural program is the Exhibition: “Blink – print works from the CAM collection”* taking place in Silves at the House of Islamic and Mediterranean Culture.

The sub-title of this exhibition of engravings: “Deciding in the blink of an eye”, originates from a story about the authenticity of a Greek statue Kouros*, acquired in 1985 by the J. Paul Getty Museum**. The last decade has seen a maturing of photographic and digital image manipulation, but from its inception engraving broadened the sphere of artistic creation, by enabling works to be repeated through stamping so that they could be accessed and owned by a larger audience.


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Sep200930

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New Banco de Portugal rules concerning some offshore companies

With effect from 17th September, 2009, Portuguese financial institutions and branches in Portugal have been prohibited by the Bank of Portugal from extending credit to entities in so-called tax havens considered un-cooperative or whose ultimate beneficiary is unknown.

The Bank of Portugal considers a tax haven as a jurisdiction that “aims to attract a significant volume of business with non-residents, particularly due to the existence of less stringent procedures for obtaining authorization under the banking and supervisory regime in respect of banking secrecy, tax advantages, differentiating in the law between residents and non-residents or enabling the setting up of special purpose vehicles.”


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