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Mozambique: Penal Code vs Insolvency Law

Africa Update

Section I of Chapter II, Title II of the Penal Code, approved by Law no.35/2014, of 31st of December (“PC”) is dedicated to “bankruptcies, fraud and other frauds”. Paragraph 1 of art.. 295º, of the PC establishes that “[t]hose who, in cases set out by the Commercial Code, are considered to be perpetrators of the […]

LEX Africa launches Pan African insolvency and business restructuring guide

Africa Update

It is important, particularly in emerging markets like Africa, for investors and financiers to understand fully the limitations, scope and efficacy of the local insolvency regimes and the ability to foreclose and extract value in a distressed debt situation. LEX Africa‘s specialist insolvency/restructuring team is proud to launch the first edition of its Pan African […]

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