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

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Pan African Payment and Settlement System Launch: a new dawn for cross border financial transactions in Africa

On 13th January 2022, the Pan African Payment and Settlement System (PAPSS) platform was launched by the Africa Export-Import Bank (Afreximbank), in collaboration with African Union (AU) and African Continental Free Trade Area (AfCFTA).

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AFCFTA – Settling and Clearing Payments in Africa through The Pan African Payment and Settlement System

On 1 January 2021 , a new era began in Africa with the commencement of trade under the African Continental Free Trade Area (“AfCFTA”) regime. The AfCFTA seeks to create a single market for goods and services facilitated by movement of persons, liberalise markets in ..

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Contracts of Employment and Limitation Laws: is The National Industrial Court Rewriting the Law?

As a general principle, limitation laws apply to all civil actions. Consequently, once an action is caught by a limitation law, it cannot be sustained, and a court is divested of the jurisdiction to entertain it.

 

However recently, the National Indus..

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Requirements for dealing in Foreign Securities in Nigeria and the role of the Regulators

There has been a lot of interest in the activities of investment technology companies (investment tech) as some of them have been utilising platforms offering securities of foreign companies to investors in Nigeria. However, these platforms have had to contend with ..

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Wrongfully Suspending Performance of a Construction Contract – When a Contractor Will Not Be Liable for Repudiatory Breach

Non-payment in construction projects could be extremely frustrating for the contractor. The contractor’s frustration is further heightened where the contract..

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Investing in Marginal Fields: Key Considerations for Financiers

It is no longer news that the winners of the ‘2021 Marginal Field’ bid round (hereinafter referred to as grantee(s)) have emerged. As grantees and potential financiers contemplate how to raise capital and the means of raising capital for the development of each field, the..

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Appointment of Directors in Ghana: The New Regime

Directors have a fiduciary duty to their companies as they hold positions of trust and confidence and as a result,  have an obligation to act in good faith and in the company’s best interests.

 

Ghana’s new Companies Act (Act 992) introduces prov..

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