Legal Framework
From The Report: Morocco 2015
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This chapter examines different aspects of the legal system in Morocco, in conjunction with Lefèvre Pelletier & associés, focusing on recent banking reforms and the impact of new rules relating to health care and the real estate sector. It also cointains a viewpoint by Romain Berthon and Lina Fassi-Fihri, Partners, Lefèvre Pelletier & associés.

Articles from this Chapter

Overview

Morocco seeks to boost international profile with banking reforms
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There are many signs that Morocco is on the path to becoming a financial and economic crossroad between Africa and the rest of the world. First, the EU has granted the country “advanced status”, which is intended to help progressively integrate Morocco into the EU’s internal market, and, second, Casablanca Finance City (CFC) was established in 2009 with the goal of attract global financial operators who may wish to carry on their international activities in a favourable tax regime. To a large…

Analysis

Spirit of the law: New regulations are intended to give local communities more control over project implementation
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For several months, the use of local development companies (LDCs) seems to be the solution to all the evils inherent in the implementation of public projects. The city of Casablanca alone created seven of them between 2008 and 2014, with varying degrees of success and reservation, voiced mainly by locally elected representatives. However, these firms are an effective tool when certain parameters are anticipated. It is therefore important to recall their legal status and their interest in the implementation…

Analysis

Clearer legal guidelines for health care and real estate sectors in Morocco
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New rules are set to be implemented to secure infrastructure; open investments in health care assets and in hospitality assets; ease real estate transactions and financing; and rebalance sales. Investors can look forward to many new developments in the Moroccan real estate legal framework in 2014 and 2015. New Evacuation Regulations The Decree No. 2-14-499 dated October 15, 2014 is the general regulation concerning the safe construction of structures, as well as procedures intended to prevent any…

Viewpoint

Romain Berthon and Lina Fassi-Fihri, Partners, Lefèvre Pelletier & associés: Viewpoint
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In 2014, a plan to stimulate industrial growth was launched by the minister of industry, trade, investment and digital economy. The new plan is set to run through 2020 and overhauls several areas under the former plan. Along with agriculture, energy and mining, trade and services, industry is one of the main sectors that could accelerate further economic growth. In other emerging countries, industry contributes an average of 23% to national GDP, versus 14% in Morocco currently. A key goal…