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Clyde & Co.

Banking and Financial Institutions (Compulsory Liquidation) Regulations, 2024

In a bid to enhance the regulatory framework governing banks and financial institutions, the Bank of Tanzania has recently enacted the Banking and Financial Institutions (Compulsory Liquidation) Regulations, 2024. The Regulations, published under Section 71 of the Banking..

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MMAKS Advocates

Key arbitration caselaw developments in Uganda 2023-2024

With an increased number of post-arbitration rulings in applications seeking to set aside domestic awards or to resist the enforcement of foreign awards, the Arbitration Law landscape in Uganda continues to develop into a more comprehensive body of law. This article analy..

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Bowmans

Mauritius: Landmark decision – Supreme Court revives Square Rock Ltd despite dissolution

The judgment in this significant case highlights the evolving nature of corporate law and judicial interpretation. It also marks a significant milestone in Mauritian corporate law, reaffirming the judiciary's commitment to fairness and equity.

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Sal & Caldeira Advogados

Transaction Limits Applicable to Electronic Money Institutions

Notice No. 07/GBM/2024 of 29 February 2024 establishes the transaction limits applicable to Electronic Money Institutions, which are defined by the Law on Credit Institutions and Financial Companies, as financial companies authorised to provide payment services, whose mai..

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Werksmans Attorneys

Zambia introduces welcomed revisions in the Trade Marks Bill 2023

Zambia’s Trade Mark legislation is currently the Trade Marks Act (Chapter 401) 1958 In 2023 the Trade Marks Bill 2023 was passed. The commencement date for the Trade Marks Bill 2023 is not yet known and in terms of S155 the Minister may make Regulations for the better car..

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Michalsons

Tanzanian judiciary introduces AI for enhanced efficiency

In an ambitious and unprecedented move towards modernising its judicial processes, the Tanzanian judiciary has introduced AI into its transcriptions and translations system.

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Webber Wentzel

2024 Earnings threshold announced

The earnings threshold will increase to R254 371.67 with effect from 1 April 2024, entitling employees falling below the threshold to stricter protections in terms of labour legislation. It is the fourth consecutive annual increase to the threshold (following a period of ..

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Bloomfield

The Nigerian Government Suspends The Implementation Of The Expatriate Employment Levy

On March 8, 2024, the Federal Ministry of Interior issued a Press Release announcing the suspension of the implementation of the Expatriate Employment Levy (EEL). The EEL, which was introduced by the Nigerian Government on February 27, 2024, imposes a government-mandated ..

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Bowmans

Kenya Introduces New Licensing Category to Regulate Private Equity and Venture Capital

The Cabinet Secretary for the National Treasury and Planning recently gazetted the Capital Markets (Alternative Investment Funds) Regulations, 2023, which took effect on 15 December 2023. These new regulations are an off-shoot of the Capital Markets (Collective Investment..

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