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The recently introduced Nigerian Startup Bill (“Bill”) is one development that is expected to improve the business environment for Startups in Nigeria when passed into law. It is aimed at creating a favourable environment for Startups by: providing incentives; removing re..

When setting out the rights and duties of companies and their various role-players, the Companies Act, 2008 (the “Companies Act”) uses a number of terms to distinguish between different types of entities. It is only by taking care to note which term the Companies Act uses..

The Zanzibar Ministry of Trade and Industrial Development (the Ministry) recently issued a Public Notice dated 21 September 2021 on the amendment of the Zanzibar Companies Act No 5 of 2013 (the Companies Act), which regulates co..

A new draft of the Companies Amendment Bill has been published. Although the Bill clarifies many important company law issues; several ambiguities related to the current Act remain.

The Finance (Miscellaneous Provisions) Act 2021 was gazetted on 05 August 2021 and it brings into force a number of amendments to the legislations in Mauritius. This segment of the joint Axis and BLC Robert Finance Act series set..

The indoor management rule is a common principle, codified in Ugandan law. However, recent decisions from courts have applied the rule inconsistently, and have been a cause of concern as to what reliance can be placed on a company resolution by a party contracting w..

Nigeria operates a free-market economy and there are no restrictions on foreigners setting up companies in Nigeria. Subject to the laws of Nigeria, a foreign individual or entity can set up a fully owned company in Nigeria and operate, emplo..

Many board meetings are frustrating, for a wide variety of reasons, and especially in the world of virtual meetings. This article, however, deals with the interesting situation where a recalcitrant board member is frustrating the holding of board meetings. It will a..

Directors have a fiduciary duty to their companies as they hold positions of trust and confidence and as a result,  have an obligation to act in good faith and in the company’s best interests.

 

Ghana’s new Companies Act (Act 992) introduces prov..