0 112020May Force Majeure in Mozambique In General Business Law, Mozambique As we are all aware the spread of the coronavirus in Mozambique these past month has caused the Mozambique Government and the World Health Organization (WHO) to announce measures to prevent the increase of the virus. Pursuant to Presidential Decree No. 11/2020, of 30 March, Law No. 1/2020, of 31 of March and Law No…. Read More
0 52019Mar Mozambique: New regime on movable securities In General Business Law, Local Investment Laws and Indigenisation, Mozambique Mozambique has recently established a legal regime for the use of movable securities as a guarantee of compliance of obligations and creates the Central Registry of Movable Securities. This law was published 28 December 2018 and went into force 30 days after its publication, which was 27 January 2019. The law in question, a new… Read More
0 272019Feb Mauritius enhances and strengthens Economic & Bilateral Ties with Mozambique In General Business Law, Mauritius, Mozambique Mauritius and Mozambique have renewed their strong commitment into deepening the existing bilateral and economic ties to further enhance engagement in Africa through the signing of three Memoranda of Understanding (MOUs) in early February 2019. The three MOUs relate to: (i) Environment – in view of enhancing cooperation regarding environment protection and conservation of natural… Read More
0 222018Aug Developments in Competition Law in Africa In Angola, Competition/Antitrust, Mozambique, Nigeria, Zambia African States are increasingly implementing and enforcing competition laws both on a national and a regional basis. This has important implications for foreign and local businesses operating in Africa. At LEX Africa’s June seminar on developments in competition law in Africa, speakers discussed the increasing trend of governments to try and use competition law as… Read More
0 142018Aug Trade in Africa: Recent developments, opportunities, incentives and challenges In Botswana, Ethiopia, Kenya, Local Investment Laws and Indigenisation, Mauritius, Mozambique, Tanzania Recession, lack policy reform and administrative hurdles often affect the climate of trade, investment and business in Africa. At LEX Africa’s most recent seminar, members discussed the challenges and changes seen in 2018. Osayaba Giwa-Osagie, senior partner at Giwa-Osagie & Co — a LEX Africa member in Nigeria — chaired an in-depth panel discussion on… Read More
0 182018Jul Regulating the Mozambican state business sector In Local Investment Laws and Indigenisation, Mozambique On 29th August 2017, the Council of Ministers (“CM”) held its 30th Ordinary Session in which it has reviewed and approved a Bill establishing the Principles and Rules Applicable to the State Business Sector (“Bill”). The fundamental principles and systematic of the Bill were discussed and approved by the Parliament on 21 March 2018, and… Read More
1 292018May Mozambique: Amendments to the commercial code In Local Investment Laws and Indigenisation, Mozambique With the publication of Decree-Law no. 1/2018, of May 4, some articles of the Commercial Code, passed by Decree-Law no. 2/2005, of December 27 and as amended by Decree-Law no. 2 /2009 of April 24, which aims to reduce bureaucracy and simplify the process of setting up or incorporation of companies, as well as operations… Read More
2 92018Apr An Outlook on Africa 2018 In Africa, Local Investment Laws and Indigenisation, Mining, Environmental & Resources, Mozambique, Nigeria, South Africa, Zambia, Zimbabwe LEX Africa members from around the continent gathered at a seminar in Johannesburg to discuss Africa’s investment climate and private equity market, governance in Zimbabwe, and the future of Nigeria’s flourishing economy. Quality goods, policy reformation that addresses the challenges of doing business in Africa and a welcoming environment for foreign direct investors are just… Read More
0 282018Mar Mozambique is addressing economic reform in a big way in 2018 In Local Investment Laws and Indigenisation, Mozambique Improved exchange control, the Local Content law and the Nacala Logistics Corridor are stimulating domestic production, generating jobs and lifting income potential. Significant strides in Mozambique’s legislation and policies could see a rapid turn around in the country’s economic situation. In 2016, inflation peaked at 26 percent. Today, that figure has drastically improved to an… Read More
0 72018Feb Mozambique: Arbitration agreement on contracts entered into by public enterprises In Arbitration, Mozambique The Public Enterprises Law no.6/2012 of 8 February restrains the arbitration agreement in contracts entered into by public enterprises, by setting out that “it is up to the judicial courts to undertake the trial of all disputes in which a public company is a party thereof, including measures to enforce civil liability for acts of… Read More