Madagascar

Overview

Madagascar, officially the Republic of Madagascar, is an island nation in the Indian Ocean off the south-eastern coast of Africa and is the fourth-largest country island in the world. Madagascar is home to 5% of the world's plant and animal species, of which more than 80% are endemic to Madagascar. They include the lemur, the carnivorous fossa, three bird families and six baobab species, among others.

Economy

The Malagasy economy has traditionally been based on the cultivation of paddy rice, coffee, vanilla and cloves. Agriculture, including fishing and forestry, is a mainstay of the economy, accounting for more than one-fourth of GDP and employing 80% of the population. However, despite a wealth of natural resources and a tourism industry driven by its unique environment, the country remains one of the world's poorest and heavily dependent on foreign aid. Since gaining independence from France in 1960, Madagascar has experienced repeated political instability, including coups, violent unrest and disputed elections. After discarding socialist economic policies in the mid-1990s, Madagascar followed a World Bank- and IMF-led policy of privatization and liberalization that has been undermined since its most recent coup in February 2009 which led to five years of political deadlock, international condemnation and economic sanctions. Despite the return of democratic elections in 2013, the political situation remains fragile. Deforestation and soil erosion, aggravated by the use of firewood as the primary source of fuel, remain serious concerns for Madagascar.

For further information please contact us:

123 Matters
Growing your airline.

Branch establishment - Madagascar

We advised a Kenyan airline company on the establishment of its branch in... More

Expanding to Madagascar.

Expansion of business in Madagascar

We advised a China-based construction-and-engineering company on expanding its business to... More

Private equity on the island.

Advice on merger control regime in Madagascar

We advised a private equity and venture capital on the merger control regime in Madagascar. We also provided assistance with filing... More

Aircraft financing in Africa.

Aircraft financing - Madagascar

We advised a regional aircraft leasing company in relation to the financing of five ATR aircraft for the national airlines of Madagascar.... More

Setting up shop in the island nation.

Expanded African airlines in Madagascar

We provided thorough legal counsel on the establishment of a Malagasy branch office for Seychelles' national... More

Growing airlines

Company incorporation - Madagascar

We advised a leading African airline on the registration of their presence in... More

Soaring into Madagascar

Advice on aircraft lease - Madagascar

We advised an international consortium based in the United States on leasing an aircraft in Madagascar. We provided a formal legal opinion... More

HPP project & restructuring of PPA

Advice on HPP Project in Madagascar and restructuring of PPA

We advised a Turkish company requiring legal assistance on its HPP Project in Madagascar and the restructuring of the PPA entered into with... More

Electrical substation & power plant advice

Electrical substation & power plant - Madagascar

We advised a coal exploration company regarding the preparation of an agreement in relation to the construction of transmission lines,... More

IPP concession for thermal power plant

Thermal power plant - Madagascar

We are currently advising an ASX-listed company on the review of the terms and conditions of their IPP concession with the local... More

Energy project & restructuring of PPA

Power purchase agreement restructuring - Madagascar

We provided legal assistance to a Turkish company in relation to its energy project in Madagascar and the restructuring of the power... More

Structuring & vessel ownership

Corporate & maritime law advice on structuring and vessel ownership

We advised a UAE-based marine services provider on structuring and vessel ownership based on corporate and maritime law applicable in Togo,... More