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Cronjé Inc.

Promulgation of Public Procurement Amendment Act, 2022: noteworthy updates to existing public procurement framework

The Public Procurement Amendment Act, 2022 was promulgated on 8 August 2022 and aims to update and amend the Public Procurement Act 15 of 2015. This Act remains problematic as it contains ambiguous wording and very short timelines within which actions can be taken. The am..

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Sal & Caldeira Advogados

The General Assembly meetings of the Commercial Companies by Electronic Means

Dynamics is pointed out as one of the characteristics of Commercial and Corporate Law due to the pressing need that economic agents have to find new solutions to continue developing their business activities, circumventing possible barriers and making the activity i..

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ENSafrica

New year, new laws: South Africa amends its money laundering and counter-terrorist financing regime

On 22 and 23 December 2022, President Ramaphosa signed two key pieces of legislation into law – the General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act, 2022 and the Protection of Constitutional Democracy Against Terrori..

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Moira Mukuka Legal Practitioners

Distressed M&A and the Zambian Business Rescue Process

Zambia has ‘operationalized’ the business rescue mechanism, first introduced in July 2018 under the Corporate Insolvency Act No 9 of 2017, which allowed a one-year window period for the formulation and promulgation of the subsidiary legislation.

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FB Attorneys

New Investment Act in force

In a bid to promote the use of Kiswahili language in the Government’s official business and in line with the law, on 2 December 2022, the Parliament of Tanzania passed the new Tanzania Investment Act, 2022 (the new Investment Act) in Kiswahili. This follows the amen..

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ENSafrica

New accountable institutions in terms of FICA

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.

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Udo Udoma & Belo-Osagie

Client Update on the Start-Up Act

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..

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Udo Udoma & Belo-Osagie

Data Protection – Did You Know You Need to Appoint a Data Protection Officer

Did you know that:

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Sal & Caldeira Advogados

The Simplified Share Company under the New Commercial Code

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")..

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