Legal Framework
From The Report: Morocco 2020
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This chapter introduces the reader to the different aspects of the legal system in Morocco, in partnership with Dentons Sayarh & Menjra Law Firm. It also contains a viewpoint with Omar Sayarh, Managing Partner; and Mehdi Megzari, Partner, Dentons Sayarh & Menjra Law Firm.

Articles from this Chapter

Overview

Supportive provisions: Investment reform provides new incentives while corporate law is aligned with international standards
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The following laws form the basis of the Moroccan corporate legislative corpus: the Moroccan civil code, or Dahir (royal decree) des Obligations et des Contrats, of August 12, 1913; Law No. 17-95 on joint stock companies promulgated by Dahir No. 1-96-124 on August 30, 1996; and Law No. 5-96 on limited liability companies, promulgated by Dahir No. 1-97-49 on February 13, 1997. Corporate Law The business environment, both global and local, is changing and evolving very rapidly, thus requiring…

Analysis

Greater certainty: New rules to ease access to credit and strengthen creditors’ enforcement rights
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Recent legal developments in the kingdom have been marked by the reform of the pledge regime introduced by Law No. 21-18 relating to security over moveable assets, which entered into force on April 22, 2019. In a effort to ensure better access to financing for companies, the reform broadened the guarantees they are able to give to their creditors, in particular real estate security interests. It also adapted the pledges regime to existing practices and introduced certain new mechanisms relating…

Viewpoint

New definitions: Omar Sayarh, Managing Partner; and Mehdi Megzari, Partner, Dentons Sayarh & Menjra Law Firm, on fair competition as a constitutional principle
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Viewpoint:Omar Sayarh Law No. 104-12 relating to freedom of prices and competition, instituted by Dahir (royal decree_ No. 1-14-116 on June 30, 2014, its application Decree No. 2-14-652 and Law No. 20-13 relating to the Competition Council instituted by Dahir No. 1-14-117 of June 30, 2014, are now fully in force since the publication of the list of the new members of the Competition Council in the Official Gazette on December 13, 2018, putting an end to the confusion regarding the applicability…