242021Feb
Interview with first African president of the IBA

Interview with first African president of the IBA

Sternford Moyo, the Chairman and Senior Partner of Scanlen and Holderness takes office as the International Bar Association (IBA) President. He will serve as President of International Bar Association for a two year term up to 31 December 2022. He is the first president of African descent in the organisation’s 74 years of existence. This…

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242021Feb
Minister Patel clarifies his views on employee share ownership programmes and broad based ownership schemes

Minister Patel clarifies his views on employee share ownership programmes and broad based ownership schemes

A new Broad-Based Black Economic Empowerment (“BBBEE“) initiative was announced by Coca Cola on 5 February 2021.  The initiative involves an Employee Share Ownership Programme (”ESOP“).  At the announcement, the Minister of Trade and Industry, Ebrahim Patel, clarified his views on ESOPs and Broad-Based Ownership Schemes (“BBOS“).  He noted that – there were two types…

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242021Feb
The New Law on Credit Institutions and Financial Companies

The New Law on Credit Institutions and Financial Companies

Article by Célia Francisco of CGA Associados The new law on credit institutions and financial companies was published on 31 December 2020, and the law enters into force 90 (ninety) days after its publication, on 31 March 2021. We highlight the following aspects in relation to the new law: The licensing of credit institutions and…

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242021Feb
We celebrate our Chambers Rankings 2021

We celebrate our Chambers Rankings 2021

LEX Africa is pleased, to once again be ranked as a Band 1 Leading Regional Law Firm Network – Africa Wide by Chambers and Partners! “Since its inception in 1993, Lex Africa has displayed considerable commitment to the African continent and its mission of developing professional legal skills and business. Its addition of firms in…

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232021Feb
The African Continental Free Trade Area and the Regional Economic Communities (Focus on ECOWAS)

The African Continental Free Trade Area and the Regional Economic Communities (Focus on ECOWAS)

Article by Amadou Barry Ismael Traoré of Thiam & Associes – Guinea Conakry In order to implement the largest free trade area with 1.2 billion consumers and approximately US $2.5 trillion GDP, the AfCFTA was recently ratified by 54 out of 55 countries (excluding Eritrea). One of its purpose is to eliminate tariffs on nearly…

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162021Feb
Technology Media And Telecommunications Africa Quarterly E Bulletin

Technology Media And Telecommunications Africa Quarterly E Bulletin

This e-bulletin highlights key legislative and regulatory developments in the technology, media and telecommunications sectors in sub-Saharan Africa.  This issue covers the period 16 October 2020 to 15 January 2021 includes developments from Botswana, Ethiopia, Gambia, Ghana, Kenya, Lesotho, Mauritius, Malawi, Namibia, Nigeria, Rwanda, South Africa, Tanzania, Uganda, Zambia and Zimbabwe. Botswana Type Approval Verification…

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222021Jan
Guide to Enforcement of Foreign Money Judgments and Arbitral Awards

Guide to Enforcement of Foreign Money Judgments and Arbitral Awards

Increased globalisation and international trade have resulted in the increasingly common situation where a party succeeds in obtaining a judgment in one country but is compelled to enforce it in another country where the defendant’s assets are located. Africa is a good example of the latter – the scramble by foreign investors for its assets…

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212021Jan
Crypto assets – a new financial product?

Crypto assets – a new financial product?

Written by Natalie Scott and Kyra South of Werksmans Attorneys On 20 November 2020, the Financial Sector Conduct Authority (“FSCA“) published a draft Declaration (“Draft Declaration“) and a statement in support thereof which sets out its proposal to bring crypto assets within the ambit of the definition of “financial product” in Section 1 of the Financial Advisory and…

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202021Jan
A Long-term Sublease Agreement, Should it be Registered?

A Long-term Sublease Agreement, Should it be Registered?

Author: Katleho David Phenduka of Webber Newdigate Attorneys This article comments on the importance of registering long-term sublease agreements in Lesotho. A sublease agreement is an agreement between the Sublessor/Landlord and the Sublessee/Tenant. The Sublessor in essence gives the Sublessee the temporary use and enjoyment of his property in return for payment of rent.  The…

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