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On 27 July 2024, the Mauritian Parliament enacted the Finance (Miscellaneous) Provisions Act 2024, which gives legal effect to the measures outlined by the Minister of Finance in the 2024-2025 Budget Speech. The Act reflects the government’s focus on fostering sustainable..
On the back of joining top-tier jurisdictions that are ‘compliant’ or ‘largely compliant’ with all the 40 FATF Recommendations, the Parliament has recently voted in favour of a new Financial Crimes Commission Act (FCCA). The FCCA, which represents a significant step in th..
The introduction of a Corporate Climate Responsibility Levy was announced as part of the Mauritius National Budget 2024/2025. This measure calls on the business community to actively contribute to the fight against the effects of climate change in Mauritius. The CCR Levy ..
In recent years, financial technology (fintech) has rapidly expanded worldwide, forcing traditional financial institutions to evolve in response to this innovative manner of conducting business in the financial industry. Today, we continue to witness the significant impac..
The Anti-Money Laundering and Combatting the Financing of Terrorism and Proliferation (Miscellaneous Provisions) Act was passed by the National Assembly on 18 July 2024. The Act amends a series of legislation to ensure that the country further complies with international ..
The Finance (Miscellaneous Provisions) Act 2024 was gazetted on 27 July 2024. It legislates the measures announced in the Minister of Finance’s Budget Speech 2024-2025. This article aims to highlight the key provisions that affect the business community.
The Finance (Miscellaneous Provisions) Bill 2024 will be formally introduced at the National Assembly this Thursday 18 July 2024. The object of the Bill is to provide for the implementation of the measures announced in the Minister of Finance’s Budget Speech 2024-2025. Th..
The judgment of the Judicial Committee of the Privy Council (JCPC) in the matter of Eco-Sud and two others (Respondents) v Minister of Environment, Solid Waste and Climate Change and another (Appellants) (Mauritius) is a significant boost for the environment in Mauritius ..
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..
