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.

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123 Matters
Vessel arrest advice Toamasina, Madagascar

Vessel arrest advice - Toamasina, Madagascar

We advised a Jordanian shipping and marine supplier on vessel arrest in Toamasina, Madagascar. We specifically advised on the process and... More

Vessel arrest advice, Madagascar

Vessel arrest advice - Mahajanga, Madagascar

We advised a Danish oil products and bunkering services supplier regarding a vessel arrest in Mahajanga, Madagascar, based on the maritime... More

Cargo recovery advice

Cargo recovery advice - Madagascar

We advised a global food and industrial raw materials provider on cargo recovery in Madagascar, specifically on timing for the court to... More

Maritime transportation litigation advice

Maritime transportation litigation advice -Madagascar

We advised a Kenyan shipping company on maritime transportation litigation in... More

Maritime & labour law advice, Madagascar port

Maritime & labour law advice - Madagascar

We advised a Hong-Kong-based law firm on maritime and labour laws in Madagascar, specifically on the procedures for a boat entrance into... More

Weapons security advice in vessels

Transportation regulation - Madagascar

We advised a Geneva-based full shipping services provider and provided a legal opinion pertaining to carrying weapons in vessels sailing... More

Construction &  operation of bulk handling facility

Construction and operation of a bulk handling facility

We advised a port and terminal management company on the construction and operation of a bulk handling facility in Fort-Dauphin,... More

Operation of container terminal Toamasina, Madagascar

Operation of container terminal - Madagascar

We advised a port management company on the operation of the container terminal in Toamasina, Madagascar. We assisted the client with legal... More

Acquisition advice & PSC review for AIM listing

Share acquisition in a PSC - Madagascar

We advised an AIM listed company on its acquisition of a share in a Madagascar Production Sharing Contract. Advice included reviewing the... More

Acquisition for oil & gas logistics company

International Oil & Gas services logistics - Madagascar

We advised a major downstream oil & gas logistics company and the world’s second-largest independent logistics service provider... More

Memorandum of Understanding for oil company

Regulatory advice for a major oil company - Madagascar

We advised a leading independent oil exploration and production company and ensured that their Memorandum of Understanding for the... More

Farm-down advice for major oil company

Farm-down advice for major oil company - Madagascar

We advised a leading independent oil exploration and production company throughout their farm-down process in... More