While it's unlikely that a company changing hands would deliberately conceal any employee costs and liabilities from potential buyers, due to the buyer's unfamiliarity with the local employment landscape it is possible to miss some employee costs..
[South Africa] Kevin West appointed Senior Managing Director of FTI Consulting Forensic & Litigation Consulting segment
FTI Consulting, Inc. has appointed Kevin West as a Senior Managing Director in the firm’s Forensic & Litigation Consulting segment in South Africa. Mr West will be based in Johannesburg.
The latest addition to the international NEC suite of contracts, the NEC4 Design Build and Operate (DBO), was developed to cater for contracts where there is a single point of responsibility for the development and construction of an asset.
East African countries are grappling to balance two sometimes conflicting needs. On the one hand, they want to encourage foreign investment. On the other, they want to ensure that local skills and labour are not displaced by imported skills.
The Maritime Security Programme (MASE) under the Governance, Peace and Security Unit at COMESA Secretariat recently conducted an intensive training on Financial Investigation and Asset Recovery for 25 participants from the region.
British Environment Secretary Michael Gove has proposed a ban on ivory sales to help bring an end to elephant poaching.
Analysis carried out by the International Transport Workers’ Federation (ITF) has found an emerging pattern of labour rights violations throughout one of the world's most profitable stevedoring companies: International Container Terminal Services Inc. (ICTSI).
US advisory firm has announced its entry into East Africa through collaboration with with Nexus Business Advisory Limited (Nexus), a tax, legal and business advisory firm based in Nairobi, Kenya.
At first glance, it might seem unlikely that South Africa’s Constitution could be instrumental in deciding a cargo dispute with its roots in a 40-year-long North African territory deadlock.
Global law firm Baker McKenzie has announced Morne van der Merwe’s appointment as managing partner of its Johannesburg office
Following an official request for support from the Government of Guinea-Bissau, the African Legal Support Facility has provided creditor litigation support and advisory services during outstanding debt negotiations with the Export-Import Bank of China.
A Special Chamber of the International Tribunal for the Law of the Sea has determined the maritime boundary between Ghana and Côte d’Ivoire, adopting the boundary line claimed by Ghana and rejecting that proposed by Côte d’Ivoire.
Intra-African trade and investment is growing, and with it the likelihood that more and bigger commercial disputes will arise. Such disputes should be resolved on African soil and not in boardrooms in Europe.
Kosmos Energy has announced that the Special Chamber of the International Tribunal of the Law of the Sea (ITLOS) has issued its final decision in the maritime boundary dispute between the Governments of Ghana and Côte d'Ivoire.
The African Development Bank Group (AfDB) on September 19, 2017, announced the debarment of Entreprise de Construction Urbaine et Rurale (ECUR) for a minimum period of three years.
[Column] Leana Englebrecht: Swaziland Competition Commission requires payment of higher merger filing fees
In Swaziland, mergers are classified as either small mergers or large mergers.
In Swaziland, mergers are classified as either small mergers or large mergers. A small merger is a merger where the combined annual turnover or asset values of the merging parties does not exceed SZL8 million (approximately USD600 000).
For more than a decade, Africa has enjoyed a mineral boom, producing more than 10% of the world’s minerals by value, from over 30% of its global mineral reserves.
Increased vessel automation, integration and digitization are the inevitable future of shipping, adding cyber-attacks to the usual concerns of ship-owners and insurers.
Pact and Microsoft Corp. have announced an expanded partnership to address child labor in mining in the Democratic Republic of Congo (DRC).
[Column] Betsie Strydom and Wandisile Mandlana: New tax measures to curb abuse of mining rehabilitation funds are a missed opportunity
The National Environmental Management Act, 1998 (NEMA) places the responsibility for remediating environmental damage, pollution or ecological degradation arising from mining operations on mining companies as the holders of prospecting or mining rights.
Corporate immigration law firm Berry Appleman & Leiden (BAL) has expanded its Africa presence with a second office in Johannesburg, South Africa.
The High Court of South Africa, Gauteng Local Division today ruled in favour of the South African Human Rights Commission (SAHRC), in the matter of South African Human Rights Commission & 3 Others v Jon Qwelane.
The African Development Bank Group (AfDB) has announced the debarment of Chongqing International Construction Corporation (CICO) for a minimum period of twelve months.
Issues related to mental health, including depression, in the workplace have not always garnered the necessary sympathy or response from employers compared to physical issues, but this is changing.
Whether one has totally embraced South Africa’s Protection of Personal Information Act or not, there is no denying it has altered the scope of data protection, management and governance in South Africa.
[Column] Lischa Gerstle: Foreign lenders should be aware of credit and loan requirements in South Africa
When a foreign lender advances a loan to a South African borrower (or its group members), the South African Exchange Control Regulations, the National Credit Act and the financial assistance section of the Companies Act are of key relevance.
International fashion brands call on Madagascar to respect international labour standards and reinstate workers
The Government of Madagascar is coming under increasing international pressure to resolve a major industrial dispute at the ICTSI Port of Toamasina
[Ethiopia] Tameru Wondm Agegnehu law firm signs exclusive partnership with BonelliErede to tap into Italian investment
Ethiopian law firm Tameru Wondm Agegnehu has agreed an exclusive partnership with major international law firm BonelliErede.
As the digitisation of the customer experience is becoming a leading priority for most industries, Sybrin is hard at work enhancing their digital business platforms.
Various land commissions in Africa have committed to advancing policy, legal and regulatory reforms in their respective countries and ensure their effective implementation in order to recognize community land rights.
The African Legal Support Facility (ALSF) has welcomed two new additions to its Management Board, Rafique Mahomed and Bruce Montador.
Comments and submissions by interested parties on South Africa's International Arbitration Bill, approved by the South African government in March 2017, are due by 28 July 2017.
Court declines to stop East African Community member states from signing Economic Partnership Agreement
The East African Court of Justice has declined to grant orders to stop East African Community Partner States which have not signed the European Partnership Agreement (EPA) not to sign the same.
Andersen Global has announced the addition of a presence in Egypt by way of a collaboration agreement with Maher Milad Iskander and Co., an Egyptian tax and legal firm based in Cairo.
[South Africa] JSE amends listing requirements to include disclosure on promotion of racial diversity at board level
The Johannesburg Stock Exchange has amended its Listing Requirements to ensure that its listed companies have a policy in place to promote racial diversity at board level.
President Uhuru Kenyatta has recommended that betting, lotteries and gaming activities should be taxed at the rate of 35 percent.
Switzerland has transferred approximately $4million to Tunisia, in response to a request for mutual legal assistance.
Standard and Poor’s (S&P) assigns ‘B’ long term and ‘B’ short term global scale counterparty credit ratings to the United Bank for Africa PLC (UBA).
Given the growth in Africa, employers are regularly seconding their employees to businesses in other jurisdictions. Each country has different visa requirements for employees who wish to work in those jurisdictions.
FBME Bank has been placed under further sanctions from international courts as part of a long list of problems caused by money laundering.
More than 80 lawyers, international arbitration practitioners and government officials gathered in Abidjan in a lively exchange on the future of investment arbitration in Africa.
IFPI, representing the recording industry worldwide, and the African Regional Intellectual Property Organisation (ARIPO), have signed a landmark agreement that will enhance the rights of African artists and their music.
Africa Legal Network has announced the admission of three new members as part of their strategy to expand into francophone Africa. The new members are based in Algeria, Guinea and Morocco.
Roughly half of the African continent already has competition legislation in place, although some of these systems are not yet functional, and there are new systems coming into force all the time.
On Wednesday 26 April 2017, the Western Cape High Court in South Africa ruled that certain of the South African Government's decisions in respect of the procurement of nuclear new generation capacity, were unlawful and unconstitutional and were set aside.
The South African Competition Commission has referred a supplier of the main ingredient in bricks used in the construction of affordable housing to the Competition Tribunal for charging excessive prices.
The African Export-Import Bank (Afreximbank) has announced the appointment of Samallie Kiyingi as Director of Legal Services.
Zimbabwe is hoping to enlist cows, goats and sheep in an attempt to revive its credit-starved economy after President Robert Mugabe’s ruling party proposed a law to make livestock eligible for backing bank loans.
The Supreme Court of the United Kingdom in a unanimous judgment has granted a reprieve to Nigerian National Petroleum Corporation, NNPC, over a $100million Bank guarantee in a case involving the Corporation and a service company, IPCO (Nigeria) Limited.
The Government of Madagascar faces an International Labour Organization (ILO) complaint over its treatment of 43 dockworkers who were sacked for joining a union.
FTI Consulting today announced the further expansion of the firm’s Forensic & Litigation Consulting segment with the launch of a practice in South Africa and the appointment of five senior professionals
Leading global law firm Baker McKenzie has expanded its tax practice in Africa with the appointment, from 1st June 2017, of a market leading tax team headed by Stephan Spamer from ENSafrica.
Ten lawyers from Baker McKenzie South Africa and nine of its practice areas have been recognised by international legal research organisation, Chambers & Partners in its 2017 Chambers Global Guide. These results reflect the firm’s exceptional standard of legal expertise across key sectors in Africa.
Bowmans advises on one of the first significant financing by a private equity credit fund in sub Saharan Africa
Pan-African law firm Bowmans recently advised Helios Credit Partners on a landmark transaction representing one of the first significant financing by a private credit fund in sub-Saharan Africa. The transaction was one of the largest debt financing secured by a Namibian company in the private sector.
South Africa's Merchant Shipping Act refers to stowaways as follows: “No person shall go to sea in a ship without the consent of the owner, master, a ship’s officer or some other person entitled to give that consent, or secrete himself for the purpose of going to sea without that consent.”
President Uhuru Kenyatta has signed amendments to the Proceeds of Crime and Anti-Money Laundering (Amendment) Bill 2017, a tough legislation aimed at combating economic crimes, into law.
Leading Pan-African law firm, Bowmans, has promoted nine senior associates to partner with effect from 1 March 2017. Robert Legh, chairman and senior partner, commented
Desai Law Group (DLG), one of Botswana’s largest law firms, has today joined ALN, Africa’s foremost legal alliance, as its member firm in Botswana.
Competition agencies must work together to create a healthy business environment in Africa - Bowmans
The safeguarding of competition amongst businesses operating in the African market is key to inclusive growth on the continent.
M-learning, or 'Mobile Learning', has become increasingly popular in recent years with students participating in courses from all around the globe.