Africa Legal Network Madagascar
Law No. 2005-020 of 17 October 2005 on competition (Law on competition), applied by Decree No. 08-771 of 28 July 2008, is the main regulation in force for competition in Madagascar. The Competition Council established by the Competition Act is the regulator that administers the Competition Act. The Commission`s main tasks are to monitor and regulate commercial activities in order to prevent anti-competitive practices such as illegal cartels, abuses of dominant positions and excessive economic concentrations. Together, LN companies provide their clients with practical, business-oriented legal, advisory and transaction services across Africa. Allianz specializes in combining deep local knowledge and reach with industry-specific expertise to successfully help customers navigate locally and across borders. ALN Rwanda is uniquely positioned to provide its clients with practical information on legal issues arising in Rwanda`s rapidly changing economic environment. The company has one. For more than a decade | ALN Ethiopia Mesfin Tafesse & Associates (MTA) has provided high quality and timely legal advice to clients operating in Ethiopia. ANN companies are working together to offer a one-stop solution to customers operating across Africa. ALN`s reach at local, regional and international levels, connectivity with key stakeholders and in-depth knowledge of local and cross-border operations enable the company to provide transparent and efficient legal, advisory and transaction services across the continent.
Aln`s high degree of integration is achieved through adherence to shared values and a focus on excellence and collaboration. ALN companies share industry-specific skills and regional know-how to ensure that our customers benefit from the synergies of the alliance. We know that a law firm is not as good as its employees. ALN recruits the best talent for a diverse and dynamic workforce. ALN won the Africa Network/Alliance of the Year award at the IFLR Africa Awards 2021 for the second time since the awards were launched in 2020 in recognition of its legal innovation in cross-border transactions and a similar award at the African Legal Awards 2018 organised by UK Legal Week. Chambers Global has consistently ranked the ANN Alliance as Band 1 in the Leading Regional Law Firm Networks – Africa-wide category. We regularly publish newsletters, ideas and infographics covering the latest legal developments, major regulatory changes and business issues in Africa. You will also find details about our seminars and networking opportunities here. The economic and legal environment of Malawi. Although we are recognized for our in-depth knowledge of the local market, we have a wealth of international expertise and we deserve one. ADNA is composed of modern legal professionals who have created the first independent and integrated law firm in French-speaking Africa, stretching from North africa to the West. Musa Dudhia & Co.
(ALN Zambia) was founded in 1958 and is one of Zambia`s oldest law firms and deserves its reputation as a law firm. For more information about ALN, please visit: www.africalegalnetwork.com At ALN Nigeria | Aluko & Oyebode, multinationals, local entrepreneurs and pro bono clients can expect the same level of world-class legal services. Madagascar does not have a specific law on thin capitalization, but interest charges may not be allowed if they arise on shareholder loans that exceed investment capital. NIGERIALAGOS: G. Elias & Co. Tel: +234 1 460 7890 / +234 1 280 6970 Email: [email protected] Madagascar – Head OfficeImmeuble Assist – 1st floorIvandryAntananarivo 101Madagascar John Ffooks, founding partner of the firm, first arrived in Madagascar in 2002 and has more than 25 years of work experience for listed companies in Australia, London, New York and Toronto with assets across Africa. Prior to founding the company in 2005, John worked for Clifford Chance LLP and LeBoeuf, Lamb, Greene & McRae LLP in London and spent some time at the Development Bank of South Africa in Johannesburg. John now lives in London, but has lived and worked as a lawyer in Africa for over 20 years.
The provisions of the Competition Law include the following: Current transactions from Madagascar to another jurisdiction are free of charge, but must be processed through an authorized bank. The transfer of capital from Madagascar requires the prior agreement of the Ministry of Finance. 20% for local and foreign companies based and registered in Madagascar, regardless of the nationality of the shareholders or the place where they are managed or controlled. A business can operate a business or business outside madagascar – businesses are not limited to Madagascar. Companies in certain sectors, such as those elected for free trade (as regulated by Law No. 89-027 of 29 December 1989), do not have to pay much tax or customs obligations. A company that chooses the Large Mining Investment Framework is entitled, among other things, to the stability of its taxes due for a period of 25 years. Tax losses cannot be carried forward to Madagascar. However, in the mining industry, when regulated under the Large Mining Investment Framework, losses, exploration costs and financial reductions resulting from investments can be amortized by up to 50%.
The Malagasy judicial system is organized into two jurisdictions, namely: ALN is more than just an alliance of law firms. Our shared vision, philosophy and expertise come together in one voice: a place with the common goal of achieving exceptional solutions for our customers, wherever they are in Africa or around the world. In practice, public defenders are often unavailable, and there is a big difference between the representation given to rich and poor clients. MALAWI BLANTYRE: Savjani & Co.