Restructuring of companies in financial distress is on the increase globally. In line with this trend, Mozambican Insolvency Law (Decree law No 1/2013) provides greater protection to debtor companies in financial distress and gives them an opportunity to reorganise and restructure while continuing to operate their businesses.
The law covers three procedures namely judicial reorganisation
Direito do Uso e Aproveitamento da Terra (DUAT)
There is no private ownership of land in Mozambique. Land and its associated resources are the property of the State. The Land Law, however, grants private persons the right to use and benefit from the land known as Direito do Uso e Aproveitamento da Terra (DUAT). Although
As a general rule, the hiring of expatriates for petroleum and mining operations may follow one of the following regimes:
Communication (or Quota) regime
With reference to the total number of employees hired for fixed term or an indeterminate period (with reference to the previous calendar year), the following percentage of foreigners may be hired