Company Operational Requirements in accordance with Level 4

In April 2020, the South African Government announced new regulations to manage the new restrictions to be imposed during Level 4. The announcement came with extending of other business sectors to resume operations and for companies to implement new and strict protective measures to safeguard employees from contracting COVID-19. Companies need to take heed of the following requirements in preparation of Level 4 commencement.

Atténuer les risques de la crise actuelle : les mesures que doivent prendre les entreprises du secteur pétrolier

Les effets cumulatifs du virus corona et des perturbations de l’industrie pétrolière posent des défis uniques et importants, en particulier sur le continent africain où les économies des pays producteurs dépendent largement des revenus pétroliers. Alors que davantage de pays restent fermés et que les entreprises restent fermées en raison de la pandémie, la demande de pétrole restera faible, laissant les prix tout aussi bas. Avocat associé, Oneyka Ojogbo a identifié quelques problèmes cruciaux liés aux contrats et aux opérations locales.

Mitigating risks in the current industry crisis: the actions oil sector companies need to take

The compounding effects of the corona virus and oil industry disruptions pose unique and significant challenges, particularly on the African continent where the economies of producing countries are largely dependent on oil revenues. As more countries remain locked down and businesses remain shut because of the pandemic, the demand for oil will remain low, leaving prices equally low. Associate Attorney, Oneyka Ojogbo have identifies some crucial issues relating to contracts and local operations.