The new Commercial Code, approved by Decree-Law No. 1/2022 of the 25th of May (the "New ComC"), introduced the figure of the “De Facto Director”, thus making liable those who, not being appointed directors, acts as such.
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The new Commercial Code, approved by Decree-Law No. 1/2022 of the 25th of May (the "New ComC"), introduced the figure of the “De Facto Director”, thus making liable those who, not being appointed directors, acts as such.
Amendments to the Financial Intelligence Centre Act, 2001(defining accountable institutions) were published on 29 November 2022. These will come into effect on 19 December 2022, ahead of the possible; of South Africa.
There is an African proverb that states, “Greed loses what it has gained.” Corruption has been rife throughout the continent, often with the active acquiescence of Western and other foreign entities. However, anti-corruption initiatives have taken hold in many African cou..
Bribery and extortion, including of the so-called ‘petty’ type, is pervasive throughout Africa. Studies have shown that stringent anti-corruptions laws from other countries, such as those in the United States and European Union (EU), have actively helped to combat or at l..
In most African countries, there continues to be a disconnect, even gulf at times, between what is on the law books on the one hand, and meaningful enforcement thereof on the other. This is of course not unique to Africa, but remains neverthel..
Nigeria Startup Act, 2022 is part of the concerted efforts by the Federal
Government to promote, harness and provide stability to the
startup ecosystem in Nigeria. Nigeria’s startup ecosystem was ranked as the top
three most advanced ecosystems in Afr..
In a seminar held last week in Lisbon the President of the Mozambique Competition Regulatory Authority (CRA) presented a summary of the CFA's main activities since it became operational in 2021, as well as the CRA's priorities for 2023.
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We hereby inform the business community and other interested parties about the new type of company introduced by the New Commercial Code, approved by Decree-Law no. 1/2022, of May 25 (the "New CCom")..