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

Fasken

Directors beware: the court emphasises the importance of disclosure in Atlas Park Holdings (Pty) Ltd v Tailifts South Africa (Pty) Ltd

South African company law has long recognised the general rule that a contract made by a company with one of its directors, or with a company or firm in which that director is interested, is voidable at the instance of the company in question, unless the company’s s..

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N. Dowuona & Company

Ghana Securities Industry Draft Guidelines (Crowdfunding), 2022

The Securities and Exchange Commission of Ghana (“SEC”) in April 2022 released the Draft Ghana Securities Industry (Crowdfunding) Guidelines (“Draft Guidelines”). These Draft Guidelines were published by the SEC pursuant to the Securities Industry Act, 2016 (Act 929) and ..

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FB Attorneys

Beneficial Ownership Threshold now 5%

Following the requirement to disclose beneficial ownership (BO) information through the amendment of the Companies Act vide the Finance Act, No. 8 of 1 July 2020 and the subsequently-issued Regulations, there has been a dilemma regarding the threshold percentage of ..

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Sal & Caldeira Advogados

Approval of the new Commercial Code

We hereby inform the business community and other interested parties that the new Commercial Code has been adopted/approved. In general, this new legislation aims to respond to the development of the private sector and the socio-economic dynamism that has occurred in rece..

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Bowmans

Mauritius: 20 years of The Companies Act – what’s next

2021 marked the 20th anniversary of the Mauritian Companies Act 15 of 2001, which was approved in May 2001 and enacted by Parl..

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Bowmans

Uganda: Court clarifies foreign partnerships registration requirements

In a recent matter*, the Civil Division of the High Court of Uganda has ruled that a foreign partnership (this requirement also extends to local partnerships) that does not use the surnames of its partners must be registered with the Business Names Registry at the Uganda ..

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Moira Mukuka Legal Practitioners

Green and Sustainable Finance in Zambia

The devastating effects of climate change, such as severe floods and droughts, have become noticeably frequent in Zambia. There is no doubt that finance plays a critical role in catalyzing the required behavioural change desired to fight climate change. It has been argued..

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Clyde & Co.

Tanzania Companies Act: New deadline for submission of the information in relation to beneficial owners

This briefing highlights the recent extension by the Minister of Industry and Trade (the Minister) of the deadline for submission of beneficial ownership information to the Registrar of Companies (the Registrar).

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Punuka

Court Delivers Ruling on Pioneer Company Voluntary Arrangement (CVA) in Nigeria

It is no longer news that the provisions of the new Companies and Allied Matters Act (CAMA), 2020, which repealed and replaced the erstwhile Companies and Matters Act (CAMA), 1990 introduced several innovations aimed at improving business operation in Nigeria and the prot..

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