Never miss a beat on Africa's legal and regulatory landscape.
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 ..
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..
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.
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..
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..
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.
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..
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.
On 23 October 2023, the Financial Services Commission of Mauritius (FSC) issued guidelines on the use of digital signature (‘Digital Signature Guidelines’). One of the avowed aims of the Digital Signature Guidelines is to establish a high leve..
