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OALP

The Proceeds of Crime (Recovery and Management) Act, 2022: Revitalizing Nigeria’s Anti-Graft War

On 12 May 2022 the Proceeds of Crime (Recovery and Management) Act came into effect. Drawing from local experience in the anti-graft war, and noticeably influenced by international instruments such as the UN Convention on Corruption, the..

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Cliffe Dekker Hofmeyr

Almost 10 years in, and still no hope of being rescued: BRP slapped with personal punitive costs order

The recent case of Commissioner for the South African Revenue Services v Louis Pasteur Investments (Pty) and Others may be the first of its kind to admonish the actions of a business rescue practitioner (BRP) by granting ..

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IKM Advocates

Public accounting officers cannot be glorified clerks

In recent years, there have been a number of media reports about procurement malpractice and misuse of public funds by public officers entrusted with such duties.  The reports tend to elicit a lot of public indignation and debate has often centered around who 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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ENSafrica

The High Court of Uganda emphasises the rights of secured creditors in insolvency proceedings

The High Court recently passed a decision (Bank Of India (U) Limited Vs NC Beverages Limited And Uganda Revenue Authority (Civil Suit 0009 of 2021) highlighting the priority of a secured creditor in the winding up or liquidation of a company. ..

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BLC Robert & Associates

The FSC brings welcomed changes to its recently issued Guidelines for Issue of Corporate and Green Bonds in Mauritius

On 23 December 2021, the Financial Services Commission (‘FSC’) published the Guidelines for Issue of Corporate and Green Bonds in Mauritius (‘Guidelines’). The purpose of the Guidelines is to supplement the Guide for the Issue of Sustainable Bonds in Mauritius issued by t..

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Bowmans

South Africa: Phase 1 of National Infrastructure Plan 2050 published for implementation

The National Infrastructure Plan 2050 (NIP 2050) Phase I, published on 11 March 2022 for implementation, details t..

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Adams & Adams

Important trade mark and passing-off finding: Cairns Foods Limited v Netrade Marketing (Pty) Ltd

This is an appeal decision relating to Cairns Foods Limited and Netrade Marketing, two companies in the business of producing and marketing food products, in particular, fruit jam.

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Aluko & Oyebode

Assent of New Laws on Anti-Money Laundering/ Combatting of Financing of Terrorism in Nigeria

On 12 May 2022, the President of the Federal Republic of Nigeria, Muhammadu Buhari as part of the efforts to strengthen the AML/CFT regime in Nigeria signed into law the following Bills; (i) Money Laundering (Prevention and Prohibition) Bill, 2022 (ii) Terrorism (Preventi..

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