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Sal & Caldeira Advogados

Publication of the New Labour Law

We hereby inform the business community and other interested parties that the new Labour Law, Law no. 13/2023, of 25 August, has been published in the Official Gazette on 25 August 2023. 

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ǼLEX

The Beneficial Ownership Register: implementing the Financial Action Task Forces recommendations on money laundering and terrorism financing in Nigeria

Section 119 of the Companies and Allied Matters Act (“CAMA”) 2020, in conjunction with the Persons with Significant Control Regulations (“PSC Regulations”) 2022, requires companies, Limited Liability Partnerships (“LLPs”), and by extension, foreign exempted companies unde..

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Bowmans

Amendment to the Foreign Exchange Regulations

In a significant development, the Foreign Exchange Regulations, initially published in May 2022, have undergone crucial amendments through the Foreign Exchange (Amendment) Regulations, 2023, published on 1 September 2023 via Government Notice ..

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Afriwise

Afriwise’s fusion of legal minds and data science takes top honours at the African Legal Awards 2023

Afriwise received the Innovation Award at the prestigious African Legal Awards 2023, hosted by Law.com International. The award recognizes how Afriwise transforms legal practice with the fusion of AI-based cognitive computing capabilities and a vast proprietary legal data..

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Templars

Mineral Rights Acquisition in Ghana: Local vs. Foreign Company Perspectives

Ghana’s mining sector ranked 6th globally in gold production and held the position of Africa’s top producer from 2018 to 2021. The industry significantly contributes to the country’s GDP, attracts foreign investment, and acts as a primary tax source. The transition from s..

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Cliffe Dekker Hofmeyr

Crypto fraud: Judge grants service, through NFTs, on unknown defendants

Cryptocurrency is yet another revolutionary invention in the online world. However, with innovation comes uncertainties, particularly in the legal field. This innovation requires us, like it, to redefine the parameters set in the past in the name of advancement. For..

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ALN

Kenya Removes 30% Local Shareholding Requirement in ICT Sector

On 22 August 2023, the Ministry of Information, Communications, and the Digital Economy published in the Kenya Gazette an amendment to the National Information Communications and Technology Policy Guidelines, 2020 (the 2020 ICT Policy) which required companies to ha..

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Kaplan & Stratton

Competition Authority penalises firms for cartel conduct

On Wednesday, 23 August 2023, the Competition Authority of Kenya (the Authority) announced its verdict, imposing sanctions and penalties on nine (9) steel manufacturers for engaging in the practice of price fixing and output restriction. The penalty, amounting to KES 338,..

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Bowmans

South Africa: Amendments to the Companies Act

The long-awaited amendments to the Companies Act have made their way into Parliament and will likely be promulgated imminently.

 

The amendment Bills are largely similar to previous drafts. The most material changes simply add clarity or relax require..

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