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In order to enable you to stay apprised of any major legal news, we have selected and made available a number of legal news. You will be able to promptly identify any major legal development which could impact your activity.

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01
October 2019
Can a United States (“U.S”) national provide intermediation services for the benefit of a customer who is con [...]
Reform of the Laws on Moroccan “sociétés anonymes” (“SA”) and “sociétés à responsabilité limitée” (“SARL”)
02
October 10th, 2019
Reform of the Laws on Moroccan “sociétés anonymes” (“SA”) and “sociétés à responsabilité limitée” (“SARL”)
03
April 15th, 2016
Cancelation of a share transfer as a result of fraudulent concealment
04
Exclusion of bonus shares from the computation of the percentage of employee shareholding
Additional details about intercompany loans
05
Additional details about intercompany loans
06
August 10th, 2014
Reform of related party agreements
The introduction of Islamic banks into the Moroccan banking system
07
November 27th, 2014
The introduction of Islamic banks into the Moroccan banking system
08
Sep 5th, 2015
Amendments to the law regarding Moroccan “Sociétés Anonymes”
Enlightenment on the tax system applicable to the Ijara Mountahia Bitamlik product
09
Jan 1st, 2016
Enlightenment on the tax system applicable to the Ijara Mountahia Bitamlik product
10
Feb 7th, 2016
An “SAS” (Simplified Joint-Stock company) share buyer’s appeal displaced due to the pre-emption right of a sh [...]
The contract law reform
11
Feb 15th, 2016
The contract law reform
12
January 26th, 2017
OHADA-based public companies now required to prepare their financial statements in accordance with IFRS standards.
13
March 16th, 2016
Reduction of the minimum paid-up share capital for companies issuing negotiable debt securities
No privacy rights for legal persons
14
Mar 20th, 2016
No privacy rights for legal persons
15
March 22nd, 2016
Clarification of the scope of a bank’s duty to warn loan guarantors
16
April 15th, 2016
Cancelation of a share transfer as a result of fraudulent concealment
Publication of the European directive on trade secrets
17
April 16th, 2016
Publication of the European directive on trade secrets
18
May 1st, 2016
Clarification of corporate officers’ duty of loyalty towards minority shareholders
Reduction of the minimum number of shareholders in non-public French “Sociétés Anonymes” (Public Limited Corporations).
19
May 15th, 2016
Reduction of the minimum number of shareholders in non-public French “Sociétés Anonymes” (Public Limited Corporations).
Share transfers do not automatically trigger the transfer of the transferor’s shareholder loan.
20
Jan 11th, 2017
Share transfers do not automatically trigger the transfer of the transferor’s shareholder loan.