With this brief analysis we wish to analyse the implications of force majeure events in the petroleum sector during the COVID-19 pandemic.
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By Presidential Decree no. 11/2020, of 30 March, the President of the Republic of Mozambique decreed the State of Emergency, on grounds of public calamity, throughout the country, with a duration of 30 days, effective as from 0.00 a.m. on 01 April 2020 and ending at 24.00 a.m. on 30 April 2020.
Since the COVID-19 pandemic is already a reality in Mozambique, with the confirmation of the 8th coronavirus case in Mozambique on Sunday, 29 March 2020, it is becoming increasingly urgent to make decisions about how employment relations should be structured and regulated.
...The Assembly of the Republic has recently approved the new Mining Law, introducing significant changes to the legal framework governing the mining sector in Mozambique...
...The Assembly of the Republic has recently approved the new Petroleum law, introducing significant amendments to the legal framework governing the petroleum sector in Mozambique....
...the President of the Mozambican Tax Authority to authorize printing houses to issue invoice....
...the Assemblies must take place in the first 4 (four) months after the end of each fiscal year to deliberate, among other points, on the annual balance sheet and the management report for the fiscal year as well as the allocation of results.
The SPIM is an electronic payment mechanism that enables payments with immediate availability of funds to the beneficiary.