242017Aug
Mozambique introduces an exchange reference rate regulation and method of calculation

Mozambique introduces an exchange reference rate regulation and method of calculation

Notice 4 / GBM / 2017 of April 20, 2017 is aimed at promoting greater transparency in the market, and more specifically, the process of setting exchange rates;  introducing into the Mozambican market an exchange reference rate regulation and method to be used to calculate same. Such regulation applies to banks and bureaux de change and…

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172017Aug
Overcoming investor concerns in electricity generation concessions projects in Mozambique

Overcoming investor concerns in electricity generation concessions projects in Mozambique

The recent gas discoveries and the specific characteristics of the Mozambican territory have increased  investors interest in developing the energy potential of Mozambique. The electricity generation sector has increasingly gained preponderance on foreign direct investment in Mozambique. The main concern that investors have consistently raised is related to the applicable regime of awarding electricity generation concessions…

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112017May

Comfort Letters in the Mozambican Legal System

The development of trade has introduced a new atypical means of providing security currently widely used within the Mozambican legal system. Vasco Soares da Veiga defines the comfort letter as “simple solemn affirmation, undertaken by a certain company before a Bank, in which the subscriber of that letter introduces a certain client, normally an affiliate…

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282017Mar
Legal updates – Mozambique

Legal updates – Mozambique

CIVIL AVIATION LAW The new Civil Aviation Law purpose is to set the bases and general principles to be observed in the area of civil aviation in order to guarantee the safety, regularity, competitiveness and efficiency of air transport operations. This Law repeals the Law no. 21/2009 of 28 September, former Civil Aviation Law. REGULATION ON THE…

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92016Nov
Legal updates from Mozambique

Legal updates from Mozambique

New regulation regarding the mechanisms and procedures for hiring foreign employees Decree no.37/2016 of 31 August was been recently published adopts the Regulation regarding the Mechanisms and Procedures for Hiring Foreign Employees. This new Regulation comes to repeal the former Decree no.55/2008 of 30 December and adjusts the procedures for hiring to the challenges of…

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292016Aug
LEX Africa and members – Finalists for African Legal Awards 2016

LEX Africa and members – Finalists for African Legal Awards 2016

The African Legal Awards is about to highlight great achievements from within Africa’s legal community and for the first time they will be recognising law firm networks within Africa. LEX Africa is excited to be a finalist in the category African Network of the Year. Furthermore, our member firm Couto, Graca & Associados (Mozambique) are finalists in…

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172016Aug
Mozambique: Toll Roads Concessionaire’s Civil Liability for Traffic Accidents

Mozambique: Toll Roads Concessionaire’s Civil Liability for Traffic Accidents

The expansion of the transport system through the rehabilitation and/or construction of roads and bridges along the country will entail the need to pay toll charges for the access and use of many of these infrastructures. According to what has been reported by the press, the Government’s intention is to introduce tolls, namely in Maputo…

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302016May
Covington – LEX Africa Fellowship

Covington – LEX Africa Fellowship

Covington & Burling wanted to do more work in Africa, so the Washington law firm looked to its senior international advisor Witney Schneidman for guidance. Previously a consultant and former U.S. State Department official, Schneidman joined the firm in 2012 when Africa was becoming a target for Covington and many other law firms. He met with leaders…

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