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Impact of the amendment of the Legal Guarantee of Stability in respect of Existing Mining Projects in the DRC

The Government of the Democratic Republic of Congo (DRC) commenced the review process in respect of its Act No. 007/2002 of 11 July 2002 on Mining Code (Mining Code) in 2012. The process eventually culminated in the promulgation by the President of the Republic of the act amending the Mining Code (“Amending Act”)[2]. As promulgated, the Amending Act contains provisions which considerably affect the fiscal, customs and exchange regimes of the Mining Code and a number of critical provisions for the protection of existing mining Projects, in particular, Article 276 related to the Guarantee of Stability (“Legal Guarantee of Stability”)[3]. In this analysis, we will first...

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Swaziland: To apply for condonation, the reasons for delay must be explained

In its judgment No.20/2013 delivered on 25th October 2017, the Supreme Court of Swaziland affirmed that once you are obliged to apply for condonation, it is trite that the reasons for delay must be adequately explained and equally importantly, to demonstrate to the decision maker that you have at least a reasonable chance or prospect of success in the matter at hand… Read More...

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USA: Business Structures Available for Foreign Investors

Nady Mayifuila and Pascale Longuet The choice for the appropriate legal structure to transact business in the United States (“U.S.”) depends on a combination of factors relevant to a specific activity or sector, as well as on the needs and goals of the investor. The following paper is neither an attempt to define the criteria necessary to make such a decision nor, a fortiori, a substitute for the review of the particular project by an attorney. The aim of this article is to provide potential investors with a pragmatic overview of the American corporate legal and cultural environment, including the means...

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May a foreign financial institution act as security interests agent in the DRC

By Arnaud Tshibangu Mukendi[1] Introduction The Democratic Republic of the Congo (the "DRC") has ratified the founding treaty of the Organization for the Harmonization of Business Law in Africa (hereinafter "OHADA[2]") dated July 12, 2012, which entered into force on September 12, 2012. The DRC has become, since then, the seventeenth member state of OHADA[3]. Consequently, all the OHADA Uniform Acts are part of the Congolese law and are directly applicable and binding within its territory without any further legal steps internally[4]. The OHADA Uniform Acts include the revised Uniform Act on security interests (hereinafter “UAS”), adopted on December 15, 2010. The...

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Paul Fortin Joins Emery Mukendi Wafwana & Associates, P.C.

Renowned International Mining Consultant Paul Fortin joins the International African law firm Emery Mukendi Wafwana & Associates P.C The Law Firm Emery Mukendi Wafwana & Associates (Cabemery) is pleased to announce that Paul Fortin joined our team in New York as Mining Consultant Paul Fortin has tremendous national and international experience in advising investors, mine operators and governments from all around the world on policy and regulatory framework and carrying out resulting implementation programs in project development, mining, fiscal reform, privatization and public sector reform. Paul Fortin has impressive track records of transactional and regulatory legal work in many jurisdictions around the world,...

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Mr. Upio Kakura Wapol and Mr. Jonathan van Kempen join Cabemery

The Law Firm Emery Mukendi Wafwana & Associés is pleased to announce that Mr. Upio Kakura Wapol joined our team in Kinshasa and Mr. Jonathan van Kempen joined our team in New York. Mr. Upio Kakura Wapol is an attorney admitted to the Bar of Kinshasa/ Matete since 2008. He holds a law degree in economic and social law (1986) and a degree in Advanced Studies in law from the University of Kinshasa since 2007. He is currently a Senior Lecturer and Doctorandus at the same University. Before joining the Law Firm Emery Mukendi Wafwana & Associés, Mr. Upio Kakura Wapol carried...

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Emery Mukendi Wafwana & Associates, P.C. at Mine & Money 2012

The conference gathered over 2,500 participants and 300 exhibition stands for 5 days and now, it is the largest event to raise capital in the mining sector. It has become an important destination for Australian investors in Asia as the PDAC is for North America and the INDABA for Africa.  For more information on the conference, please visit www.minesandmoney.com Emery Mukendi Wafwana & Associates, P.C. exhibited at this conference and presented his legal services to investors from all around the world desiring to securely invest in the mining sector in DRC and in the French speaking African countries (Benin, Burkina Faso,...

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Maître Emery nominé Expert du Droit minier par « Who’s Who of Mining Lawyers 2012 »

L'International « Who’s Who of Mining Lawyers 2012 » nomine Maître Emery MUKENDI WAFWANA, Expert du Droit minier Maître Emery MUKENDI WAFWANA, Avocat en RDC et Legal Consultant admis à exercer à New York, a été nominé par le magazine International « Who’s Who of Mining Lawyers 2012 » comme Expert juridique dans la pratique du Droit minier en raison de ses prestations et publications dans le secteur. En effet, à la suite de recherches, des études et des opinions des clients, de cabinets d’avocats, et autres juristes spécialisés en droit minier dans le monde entier, 287 experts œuvrant dans 47 juridictions et pouvant...

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Mines and money – Hong-Kong 2012 : Exposition de Emery Mukendi Wafwana & Associates, P.C.

  Il se tiendra à Hong-Kong, du 19 au 23 mars 2012 la cinquième conférence internationale sur les Mines et les Finances « Mines & Money ». Cette conférence regroupera plus de 2500 participants et 300 stands d’exposition pendant une durée totale de 5 jours. Mines & Money se positionne actuellement comme le plus important évènement pour mobiliser des capitaux dans le domaine minier. Elle est devenue une importante destination pour les investisseurs australiens en Asie au même titre que le PDAC l’est pour l’Amérique du Nord et INDABA pour l’Afrique.  Il est par ailleurs prévu deux journées d’exposition et de conférence qui se...

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