Welcome to Africa’s legal blog

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

Appleby

The JCPC reaffirmed the exception to the bank secrecy rule

The Judicial Committee of the Privy Council has stated its reasons for granting a disclosure order in the case of Stanford Asset Holding Limited v/s Afrasia Bank Limited 2023 UKPC 35. The case concerns an application made by Stanford Asset Holding Limited for the disclosu..

Read More
Appleby

Regulation of Moneylending in Mauritius

Moneylending is a crucial credit device in the world of financial services which plays a significant role in supporting economic growth and development. However, since at the outset, there were exploitative tendencies of lenders imposing stringent and oppressive terms on ..

Read More
Bowmans

Mauritius: Landmark decision – The Supreme Court of Mauritius rules on priority of creditors in receivership case

The priority of creditors paid out of the proceeds of the sale of the assets of a company in receivership was recently addressed in the judgment of Heeralall N. v The Director-General, The Mauritius Revenue Authority 2024 SCJ 56. In this case, the order of p..

Read More
Bowmans

Mauritius: Landmark decision – Supreme Court revives Square Rock Ltd despite dissolution

The judgment in this significant case highlights the evolving nature of corporate law and judicial interpretation. It also marks a significant milestone in Mauritian corporate law, reaffirming the judiciary's commitment to fairness and equity.

Read More
Bowmans

Mauritius: Conservatorship in banking, 17 February 2024 – Bowmans [Financial services]

The Bank of Mauritius has placed Silver Bank Ltd under conservatorship in accordance with Section 65 of the Banking Act. The last time that a bank was put under conservatorship in Mauritius was BanyanTree Bank Ltd in 2020. Of note, the conservatorship of BanyanTree Bank L..

Read More
Appleby

Fund finance laws and regulations 2024 – Mauritius

Historically low interest rates, significant dry powder, and investors’ persistent hunt for yield have propelled the growth of the fund finance market. As we look ahead, 2024 is expected to continue witnessing this impressive growth trajectory, underpinned by a surge in d..

Read More
JuristConsult Chambers

The offence of corruption in private entities in Mauritius

While corruption is typically associated with dishonest and fraudulent conduct in the public sector or by those who wield power, the fact remains that private sector corruption is also very much a reality and a lesser-known offence to the public.

Read More
Appleby

The Financial Crimes Commission Act in Mauritius: strengthening efforts to combat financial crimes

The passing of the Mauritius Financial Crimes Commission Act on 21 December 2023 (the Act) marks a commendable and significant milestone in the country’s ongoing efforts to combat financial crimes. This comprehensive legislation establishes the Financial Crimes Commission..

Read More
AXIS

Axis Finance Act Series 2023 – Discover Employment Rights Updates in the Finance Act

The Finance (Miscellaneous Provisions) Act 2023 ("The Act") introduces key changes to the Workers’ Rights Act 2019 establishing a progressive framework that addresses the evolving needs of the workforce. The Key changes are highlighted in this video.

Read More
1 2 3 4 5
Subscribe to our newsletter