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Corpus Legal Practitioners

Credit Referencing: The permutations of the Court of Appeal Decision in the case of Melissa Supermarket and Another vs. Stanbic Bank Zambia Limited [2022] ZMCA 17 (the “Melissa Decision”)

Over the years, varied sentiment has arisen over the establishment and use of credit reference bureaus in Zambia. To one judge, credit reference bureaus represent hidden powers that would be gathering “black information” on individuals and busi..

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Clyde & Co.

South Africa: Caution to insureds seeking to obstruct an insurer's access to information

 

In what is a rare win for an insurer in recent times, the court’s judgment in Musa v King Price Insurance Co on 9 May 2022 highlights the importance of insureds abiding by their claims cooperation obligations. The court'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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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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Sal & Caldeira Advogados

Control Agreement as Instrument of Perfection of Pledge of Bank Accounts Agreements

It is unquestionable that, nowadays, the access to credit, capital and other financial services is a very important means of financing, developing, and strengthening private sector investment in Mozambique. And it is understanding the crucial role of the securities to be ..

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Webber Wentzel

Third party cell captive conduct standard tabled in Parliament

The long-awaited conduct standard, "Requirements relating to third party cell captive insurance business" (2022 Conduct Standard), together with the Statement of Need and Intended Operation as well as the Consultation Report, was tabled in the National Assembly and Nation..

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B&P Associates

Will The Anchor Hold? – Electronic Transfer Levy And Its Effect On The Fintech Space

The financial services industry, like many spheres of life, has evolved as a result of the massive influence of globalization. With technology advancing at galloping speed, the banking sector has managed ..

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BLC Robert & Associates

Virtual Asset and Initial Token Offering Services – New regulatory regime

With the coming into operation of the Virtual Asset and Initial Token Offering Services Act 2021 (the “Act”) on 7 February 2022, Mauritius is seeking to become a jurisdiction of choice for investors to conduct business in virtual assets. This Act comes at an opportune tim..

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Koranteng & Koranteng

Bank of Ghana adopts retail token-based digital currency

The Bank of Ghana has adopted a retail token-based central bank digital currency (CBDC) as the 'eCedi of choice', which enables the currency to be stored locally on a card, on a phone, or a smart device and can be passed on from one user to another.

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