EG is a civil law jurisdiction rooted on Spanish civil law. The government system of the country is presidential, led by the Executive branch and headed by the President, who is both the head of state and head of government.
The former CEMAC Foreign Exchange Regulation No. 02/00/CEMAC/UMAC/CM dated 29 April 2000 (“Old Forex Regulation”), after several years of debate, was repealed with the adoption of the New CEMAC Exchange Regulation No. 02/18/CEMAC/UMAC/CM, dated 21 December 2018, (“New Forex Regulation”).
El transporte marítimo es una actividad económica esencial para las empresas de logística y transporte internacional ya que permite trasladar mercancías del país en el que se obtienen a los lugares donde se requieren.
On the 11th of March 2020, the World Health Organization (“WHO”) declared COVID-19 a pandemic. There are unprecedented travel, movement, and large-gathering restrictions, with reports indicating that a quarter of the world’s population is now in quarantine.
Following the coming into force of the CEMAC Regulation 02/18/CEMAC/UMAC/CM in 21 December 2018 (hereinafter the “FX Regulation”), unlike with the former exchange control regulation of 2000, the Governor of the Bank of Central African States (“BEAC”) issued…