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Never miss a beat on Africa's legal and regulatory landscape.

Clyde & Co.

Tanzania National Payment Systems Act amendments

In July 2021, mobile money transfer levies were introduced by the Tanzanian Government as a new strategy for collecting revenue in an effort to raise an estimated TZS 1.254 trillion for the financial year 2021/2022. These measures were implemented through the amendment of..

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Clyde & Co.

When may a South African court find that a director owes fiduciary duties to shareholders

More than 100 years ago the Salomon principle – that a company is distinct from its members – was laid down. A pillar of this principle is that the fiduciary duties of a director are owed to the company, not its shareholder..

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Clyde & Co.

South Africa: Caution to insureds seeking to obstruct an insurer's access to information

 

In what is a rare win for an insurer in recent times, the court’s judgment in Musa v King Price Insurance Co on 9 May 2022 highlights the importance of insureds abiding by their claims cooperation obligations. The court's ..

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Clyde & Co.

The Tanzania Foreign Exchange Regulations 2022

This article provides a synopsis of the Foreign Exchange Regulations, G.N. No. 294 of 2022 (the Regulations) which are made under section 6 (1) of the Foreign Exchange Act, Cap 217 R.E. 2002, as amended (the Act).

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Clyde & Co.

Intellectual Property in Tanzania: the 2022 Regulations on Copyright Licensing and Rights to Benefit from Re-Sale

In this legal update, we analyse the Copyright Licensing and Rights to Benefit from Re-Sale Regulations [1]. The Regulations came into force on 18 March 2022 and are made under section 45 of the Copyright and Neighbouring Rights Act[2].

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Clyde & Co.

Performance Security Bonds in Tanzania

A Performance Security Bond (Performance Bond) is a contract of guarantee in which one party (the Guarantor) promises to discharge the liability of a third party in the event of default. Performance Bonds are designed to ensure the performance of duties by parties t..

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Clyde & Co.

Tanzania Companies Act: New deadline for submission of the information in relation to beneficial owners

This briefing highlights the recent extension by the Minister of Industry and Trade (the Minister) of the deadline for submission of beneficial ownership information to the Registrar of Companies (the Registrar).

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Clyde & Co.

Financial Institutions in Tanzania have the right to claim outstanding loan balances from borrowers after mortgaged properties sale

The Tanzanian Court of Appeal has put forward a judgement in relation to the right of financial institutions to claim the outstanding loan balance from borrowers after sale of the mortgaged properties. We take a closer look at this scenario, specifically after the l..

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Clyde & Co.

Tanzania year in review 2021

As the year draws to a close, we provide a summary of sector-specific legislative changes that occurred in 2021.

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