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.
This measure is aimed at compliance with the legislation on preventing and combating money laundering and terrorist financing in force in the country...
This decision results from Mozambique´s efforts for its removal of the Grey List of the Financial Action Task Force (FATF), following the preparation of the sixth progress report to FATF.
...under the terms of the legislation in force, had to be notified and, in breach of the law, were not, will be exempt from the penalties arising from such breach for a period of 6 months from 6 January.